Base metals prices on the London Metal Exchange were broadly higher at the close of trading on Tuesday August 28, lifted by continued stock drawdowns and increased trade optimism over renewed terms in the North American Free Trade Area (Nafta) agreement....Read More
In a volatile month for base metals, exemplified by sharp price drops and spread moves, the London Metal Exchange's nearby tin spread moved into a contango for the first time since April 2017....Read More
Physical iron ore prices were rangebound on Tuesday August 28 with the seaborne market maintaining moderate trading activity. ...Read More
Base metals prices on the London Metal Exchange were broadly higher at the close of trading on Tuesday August 28, lifted by continued stock drawdowns and increased trade optimism over renewed terms in the North American Free Trade Area (Nafta) agreement....Read More
Chinese domestic ferro-silicon prices rose on increased buying interest in the week to Friday August 24, while European and US markets remained stagnant amid a lack of consumer interest. ...Read More
In the midst of one of the slowest times of the year for the copper market, participants are shifting their focus to 2019 contract negotiations, which are expected to ramp up after the upcoming Labor Day holiday weekend....Read More
The spot aluminium market is at a standstill in the United States this week, with the P1020 premium again unchanged. ...Read More
Secondary aluminium alloys prices were steady this week in the United States, buoyed by strong demand from die-casters and rigid spot offers from producers - demonstrating producers' resilience to depressed scrap metal prices....Read More
The secondary aluminium scrap market in the United States continues to correct, fueled by a combination of strong consumer inventory positions and ample supply....Read More
Steel prices in the United States are at their highest point versus steel prices abroad since the 2008 financial crisis....Read More
Metal Bulletin has amended the Turkey domestic rebar and Turkey domestic wire rod price assessments.After a consultation period, Metal Bulletin has changed the currency for Turkish domestic rebar and Turkish domestic wire rod assessments.Metal Bulletin has changed the specifications of its weekly price assessments for Turkish domestic rebar and wire rod from $ per tonne to Turkish lira per tonne.T...Read More
Metal Bulletin will not discontinue its weekly Turkey export merchant bar price assessment.After gaining feedback from market participants during a consultation period, Metal Bulletin understands that the assessment is used as reference price for some companies. Therefore, Metal Bulletin will continue to publish its Turkey export merchant bar $ per tonne fob main port price assessment. Assessment:...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. ...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia have been mostly stable in the past week, with demand remaining poor after the eid religious holiday, sources told Metal Bulletin on Tuesday August 28....Read More
Three-month base metals prices on the London Metal Exchange were for the most part in positive territory on the morning of Tuesday August 28, with nickel prices bucking the trend with a 0.2% decline, while the rest were up by between 0.2% for copper at $6,082 per tonne and 0.7% for zinc at $2,535 per tonne. Volume has been above average with 8,473 lots traded as at 07.23am London time. This mornin...Read More
The CIS export billet market started to show signs of recovery on Tuesday August 28, with sales finally getting off the ground after almost a month of slack trading....Read More
Prices for imported and domestic rebar and imported billet in the United Arab Emirates remained stable on Tuesday August 28, with demand limited because of last week's Islamic Eid al-Adha holiday, sources told Metal Bulletin....Read More
Semi-carbonate prices increase due to the softer yuan, improved sentiment and expectations of stronger demand in China, despite a drop in silico-manganese futures....Read More
Ammonium paratungstate (APT) prices continued to be under pressure in the week ended Friday August 24 with weak demand weighing on the market. ...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.Bank of Montreal (BMO $106.16) is expected to open higher after reporting higher than consensus fiscal third quarter earnings. Bank of Nova Scotia (BNS $78.30) is expected to open higher after increasing its dividend. Best Buy dropped $4.16 to $77.50 after lowering guidance for its third q...Read More