Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday August 24.Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Friday, with the complex largely ignoring a resurgence of US-Sino trade tensions.Check Metal Bulletin's live futures report here.Korea Resources Corp (Kores) has initia...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the week ending Friday August 24....Read More
Zinc prices on the London Metal Exchange appreciated more than 2.5% by the close of trading on Friday August 24, leading broad complex gains, while a weaker dollar and broad risk aversion in the market continue to unsettle commodity investment....Read More
Metal Bulletin has amended its formula for calculating the daily copper, aluminium, zinc and nickel arbitrage between the Chinese and global metals markets.As part of a separate consultation, Metal Bulletin proposed to discontinue the publication of single numbers for its base metals premiums and instead continue to publish low-high premium assessments. Following the consultation and feedback...Read More
Seaborne iron ore prices rose on Friday August 24 with the high grade Carajas fines traded higher and higher....Read More
Key data from the pricing session ending August 24....Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The US Midwest aluminium premium has held steady this week, as many buyers are not in the market for either prime or scrap aluminium, and are waiting for contract negotiations to begin in earnest in the coming months. ...Read More
Metal Bulletin has amended its formula for calculating the daily copper, aluminium, zinc and nickel arbitrage between the Chinese and global metals markets.As part of a separate consultation, Metal Bulletin proposed to discontinue the publication of single numbers for its base metals premiums and instead continue to publish low-high premium assessments. Following the consultation and feedback...Read More
Metal Bulletin has today discontinued the publication of single numbers for base metals as of August 28, 2018.After a two month consultation period, Metal Bulletin has decided to stop assessing single-number base metals premiums after feedback from market participants and exchanges said that these numbers are not widely used by the industry, who prefer to use the low-high premium assessm...Read More
Over the course of the week ending on Friday August 24, total on-warrant stock levels on the London Metal Exchange have been subject to significant fresh cancelations, with more than 80,000 tonnes of copper booked for removal....Read More
China Nonferrous Mining Corp's (CNMC) copper project in Zambia has started trial production and targets an annual output of 252,000 tonnes of copper concentrates once commercially operational, the state-owned miner said on Thursday August 23. The Chambishi Southeast project is expected to produce approximately 63,000 tonnes of copper contained in concentrates and about 1,000 tonnes of cobalt&...Read More
Daily PDFs will be downloadable until Monday August 27. After that, because of a UK national holiday, the next daily PDF will be downloadable on Wednesday August 29.Read More
US import beam prices rose to $900-920 per ton, which attracted few US buyers, while domestic beam prices were flat month over month at $43.5 per cwt ($870 per ton). ...Read More
Brazilian slab export prices edged down for a second consecutive week due to reduced demand in the United States and a summer lull in Europe....Read More
Prices in the United States for imported flat-rolled steel were mixed amid uncertainty over how changes to US Section 232 tariffs - both announced and anticipated - might impact supplies....Read More
Hot-rolled coil prices have declined in the United States after new domestic production and import competition eroded bookings, according to market participants. ...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the week ending Friday August 24....Read More
Polish steelmakers increased their domestic rebar offer prices late this week, sources told Metal Bulletin....Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday August 24:...Read More