Metal Bulletin has amended three European and CIS pig iron price specifications to ensure they are in line with and reflect existing market conditions. Following a month-long market consultation, the European and CIS pig iron prices have been amended to include manganese content in the pig iron. Payment terms and minimum order size have been revised in line with current market conditions. Ame...Read More
Prices climb despite escalation in trade...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
Aluminium The rebound in LME aluminium since the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More
Star performer of the past week ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
China's ferrous futures remained mixed during morning trading on Tuesday June 12, this time with coking coal and coke contracts recording solid increases amid price gains in the physical seaborne market.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,819 yuan ($596) per tonne, up 5 yuan per tonne October hot-rolled coil: 3,934 yuan per tonne, down 9 yuan per ton...Read More
Two steps up, one step...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’...Read More
Base metals prices on the London Metal Exchange largely moved lower on Tuesday June 12 amid a bout of selling, with a lack of fresh catalysts to drive the market.The three-month copper contract finished at $7,222 per tonne at the 5 pm close after reaching five-year highs at the end of last week. "Metals ended mixed ... with copper leading the way down as potential labor concerns out of C...Read More
Comex copper prices softened in Tuesday morning trading in the United States, with supply issues easing after BHP and unions reached a new labor agreement.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.85 cents or 0.3% to $3.2485 per lb. "Metals ended mixed yesterday, with copper leading the way down as potential labor concerns out of Chile...Read More
Stock watch – pace of LME withdrawals...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More
Rebound continues... LME tin enjoyed a...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Rebound stalls While copper stole the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Base metals on the London Metal Exchange were mostly a little higher during morning trading on Tuesday June 12, with aluminium, zinc and lead prices ticking higher while copper and tin prices drifted lower.Copper's three-month price slipped more than 0.4% lower over the morning, dipping below $7,200 per tonne - it had reached five-year highs at the end of last week. Unresolved labo...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday June 12*Copper -$180.73 (-1159.83 yuan) Aluminium -$541.77 (-3476.82 yuan) Zinc -$42.71 (-274.07 yuan) Nickel -$336.66 (-2160.49 yuan) * Metal Bulletin calculates the...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the U.S. May Consumer Price Index. Consensus was an increase of 0.2% versus a gain of 0.2% in April. Actual was an increase of 0.2%. Excluding food and energy, consensus for the Index was an increase of 0.2% versus a gain of 0.1% in...Read More
China's domestic rebar prices rebounded on Tuesday June 12 amid a strong recovery in the futures market.Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($633-640) per tonne, up 30-50 yuan per tonne Northern China (Beijing): 3,900-3,940 yuan per tonne, up 20 yuan per tonne Rebar futures trended upward from the second hour of trading during the day, which stimulated buying interest. The demand l...Read More
Vale has signed separate agreements with Wheaton Precious Metals Corp and Cobalt 27 Capital Corp to sell an aggregate total of 75% of the cobalt produced at Voisey's Bay, enabling it to proceed with an expansion of the mine. From January 1, 2021, Wheaton and Cobalt 27 will be entitled to receive finished cobalt equivalent to 42.4% and 32.6% respectively of the future cobalt production from its Voi...Read More
Stainless steel prices in the United States rose this month due to higher surcharges, with market participants broadly in agreement that mills will implement a July base price increase. American Metal Market's assessment of Type 304 and Type 304L stainless cold-rolled sheet rose by 2 cents to $1.40 per lb and $1.42 per lb fob mill respectively on Monday June 11, and Type 316L stainless cold-rolled...Read More
China's major steel mills lowered their daily crude steel output rates in late May after prices experienced a sharp drop during the period. Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.95 million tonnes per day during the last 11 days of May, down 2.5% from 2 million tpd in the second 10 days of...Read More