Base Metal Stocks Articles

MB NON-FERROUS PRICE CHANGES 06/06: Noble alloys & ores

June 06, 2018 / Staff reporter

The following Metal Bulletin noble alloys and ores prices changed on Wednesday June 6:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.45-11.55 per lb from $11.40-11.50 Ferro-molybdenum basis 65%...Read More

MB NON-FERROUS PRICE CHANGES 06/06: Minor metals

June 06, 2018 / Metal Bulletin Editorial

The following Metal Bulletin minor metals prices changed on Wednesday June 6:Minor metals Cadmium MB free market min 99.95%, cents/lb: 125-140 cents per lb from 130-145 centsCadmium MB free market min 99.99%, cents/lb: 127-145 cents per lb from 130-150 centsCobalt MB China domestic,...Read More

Holta Invest buys metal powder maker MPT

June 06, 2018 / Julian Luk

Holta Invest, an investment company that owns Nizi Group, has bought Swedish metal powder maker Metal Powder Technology (MPT) to strengthen its presence in the metal powder business, the company said on Wednesday June 6.Holta Invest did not disclose the purchase price at the time of publication.Last year, MPT generated revenue of ?,?33 million ($38 million) from its sales of metal...Read More

CHINA MOLYBDENUM SNAPSHOT: Prices on uptrend, buoyed by tight supply

June 06, 2018 / Karen Ng

Key data from Metal Bulletin's Wednesday June 6 pricing session in China.Molybdenum concentrate MB Chinese free market, 45% Mo, in-warehouse China, RMB/mtu Key drivers:- Market participants expect molybdenum prices to remain stable in June despite the rainy season in China, which might affect...Read More

US stainless scrap market enjoys balance

June 06, 2018 / James Lawrence

The US stainless steel scrap market "has become boring," some industry participants said, although that has brought some stability."I like boring if we can make money," one major processor said."Any price changes we see in this market are very incremental," another major processor said, also indicating that the next move he sees "will be downward because there is too much metal in the marketplace....Read More

DAILY SCRAP REPORT: Turkish mills continue to book scrap for July

June 06, 2018 / Cem Turken

Turkish steel producers have continued to book deep-sea scrap for July shipments following the decision by the United States to impose a 25% tariff on steel imports from the EU, Canada and Mexico, sources said on Wednesday June 6.The US move, following its Section 232 trade investigation, was expected to raise the demand for Turkish rebar now that the tariff also applied to regions that had been g...Read More

COKING COAL DAILY: Seaborne market quiet but prices hold steady

June 06, 2018 / Deepali Sharma

The seaborne coking coal market was subdued on Wednesday June 6 though prices continued to experience support.Buyer sources in India and China said that they were keen to procure June- and July-laycan spot cargoes despite recent price increases. "Some of our term cargoes of premium hard coking coal have been delayed but we've made up for some of that shortfall with spot tonnages," a buyer source i...Read More

IRON ORE DAILY: Prices rise amid Chinese steel, futures gains

June 06, 2018 / July Zhang

Physical iron ore prices edged up in the seaborne market while increases at Chinese ports were more pronounced on Wednesday June 6, amid gains in China's steel and futures markets.Metal Bulletin 62% Fe Iron Ore Index: $66.56 per tonne cfr Qingdao, up by $0.22 per tonneMetal Bulletin 58% Fe Premium Index: $53.55 per tonne cfr Qingdao, up by $0.04 per tonneMetal Bulletin 65% Fe Iron Ore Index: $87.6...Read More

Steelmaking Raw Materials Trade Log, June 6, 2018

June 06, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes...Read More

China AM: Support emerges for steelmaking raw materials futures

June 06, 2018 / Deepali Sharma

China's steel futures weakened during morning trading on Wednesday June 6, though steelmaking raw materials contracts largely had some support, with physical prices also trending higher this week amid supply constraints. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,749 yuan ($587) per tonne, down 8 yuan per tonne October hot-rolled coil: 3,896 yuan per tonne,...Read More

Market responds to Wuxi consultation on adding nickel briquettes for physical delivery

June 06, 2018 / Violet Li

Following Wuxi Stainless Steel Exchange's public consultation on adding nickel briquettes for physical delivery, many market participants have said the move would generate more liquidity and bring transparency to the nickel briquette price, if successfully approved.Queries on feasibility of nickel briquette Despite the general positivity regarding nickel briquettes, market participants have a few...Read More

Copper prices up on supply concerns during environmental probe

Jun 06 2018 / Staff reporter

SHANGHAI, Jun 6 (SMM) – A potential disruption in supply from domestic environmental reviews and a declining US dollar buoyed prices of SHFE copper recently, SMM senior analyst Ye Jianhua believed.  The SHFE copper 1808 contract jumped over 2% to close at 53,320 yuan/mt on Wednesday June 6. LME copper currently stands at around $7,150/mt, with gains of 5% in the last four cons...Read More

SMM Evening Comments (Jun 6)

Jun 06 2018 / Staff reporter

SHANGHAI, Jun 6 (SMM) – Nonferrous metals rose across the board on Wednesday June 6 with SHFE nickel leading the gains with a rise of nearly 2%. Copper jumped 1.96%, zinc grew almost 1.9%, aluminium and lead rose over 1%, and tin inched up. The ferrous complex also soared as rebar led the gains and closed nearly 2% higher. Iron ore went over 1.8% higher, and hot-rolled coil rose over 1%...Read More

SMM Evening Comments (Jun 6)

Jun 06 2018 / Staff reporter

SHANGHAI, Jun 6 (SMM) – Nonferrous metals rose across the board on Wednesday June 6 with SHFE nickel leading the gains with a rise of nearly 2%. Copper jumped 1.96%, zinc grew almost 1.9%, aluminium and lead rose over 1%, and tin inched up. The ferrous complex also soared as rebar led the gains and closed nearly 2% higher. Iron ore went over 1.8% higher, and hot-rolled coil rose over 1%...Read More

LIVE FUTURES REPORT 06/06: LME copper price hits four-month high; zinc ticks lower

June 06, 2018 / Hassan Butt

Copper prices on the London Metal Exchange continued to rally during morning trading on Wednesday June 6, climbing 0.6% overnight to reach levels not seen since February. The red metal began the week within the $6,800-6,900 per tonne range, continuing to consolidate after short-term pressure surrounding United States-China trade relations resulted in price stagnancy. Supply concerns surrounding po...Read More

SMM Evening Comments (Jun 6)

Jun 06 2018 / Staff reporter

SHANGHAI, Jun 6 (SMM) – Nonferrous metals rose across the board on Wednesday June 6 with SHFE nickel leading the gains with a rise of nearly 2%. Copper jumped 1.96%, zinc grew almost 1.9%, aluminium and lead rose over 1%, and tin inched up. The ferrous complex also soared as rebar led the gains and closed nearly 2% higher. Iron ore went over 1.8% higher, and hot-rolled coil rose over 1%...Read More

Report: Guangdong to build over 10,000 charging points by 2020

Jun 06 2018 / Staff reporter

SHANGHAI, Jun 6 (SMM) – To ease concerns of shortages of charging stations, Guangdong Power Grid will invest 2.7 billion yuan to build over 10,000 charging points across the province by the end of 2020, Chinanews reported on Tuesday June 5.The company will also work with the Guangdong Provincial Communication Group to develop charging infrastructure along expressways across th...Read More

Report: Guangdong to build over 10,000 charging points by 2020

Jun 06 2018 / Staff reporter

SHANGHAI, Jun 6 (SMM) – To ease concerns of shortages of charging stations, Guangdong Power Grid will invest 2.7 billion yuan to build over 10,000 charging points across the province by the end of 2020, Chinanews reported on Tuesday June 5.The company will also work with the Guangdong Provincial Communication Group to develop charging infrastructure along expressways across th...Read More

Tech Talk for Wednesday June 6th 2018

06/06/2018 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Index futures were virtually unchanged following release of the April U.S. Trade Deficit report at 8:30 AM EDT. Consensus was $50.0 billion versus $49 billion in March. Actual was $46.2 billion.The Canadian Dollar was unchanged at U.S. 76.66 cents following release of Canada's April Mercha...Read More

Rising prices of futures widen spot copper discounts

Jun 06 2018 / Staff reporter

SHANGHAI, Jun 6 (SMM) – Spot copper was mostly offered at a discount of 60 yuan/mt to flat over the SHFE 1806 contract in the Shanghai market on Wednesday June 6. This compared with a discount of 30 yuan/mt to a premium of 30 yuan/mt on Tuesday June 5.The SHFE 1806 contract traded robustly this morning. It gained over 700 yuan/mt from the previous day to close at 52,580 yuan/mt in the mornin...Read More

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