Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching their highest since April 24, while three-month nickel and copper also finished strongly.Outperforming the rest of the complex, zinc's three-month price reached a high of $3,201 per tonne during the afternoon ring. It has climbed more than 4.5% since its June 4 low of $3,056 per tonne. "W...Read More
The latest metal markets news and price moves to start the North American day on Tuesday June 5. All base metals prices on the London Metal Exchange recorded positive moves up during morning trading, with zinc's three-month price leading the complex higher amid a weaker US dollar index.The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead was trading i...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday June 5.Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday, supported by low inventory levels and supply-side concerns.Meanwhile, copper prices continued their recent run of strength, albeit at a slower pace, after trading activity thinned...Read More
Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching their highest since April 24, while three-month nickel and copper also finished strongly.Outperforming the rest of the complex, zinc's three-month price reached a high of $3,201 per tonne during the afternoon ring. It has climbed more than 4.5% since its June 4 low of $3,056 per tonne. "W...Read More
There is still room for seaborne coking coal prices to increase amid expectations of tightening supply and robust Chinese demand, market participants said on Tuesday June 5. A premium category cargo was heard to have changed hands at around $194 per tonne fob Australia late evening, market sources said. "Demand from Chinese buyers is robust and steelmakers expect to be able to get a better deal on...Read More
All base metals prices on the London Metal Exchange recorded positive moves up during morning trading on Tuesday June 5, with zinc's three-month price leading the complex higher amid a weaker US dollar index. The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead is trading in similar form, with this week's push above $2,500 per tonne keeping firmly in...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia increased slightly this week but demand was limited because of the damping effect on business of the Islamic holy month of Ramadan, sources told Metal Bulletin on Tuesday June 5.Buyers prefer to postpone bookings during the holy month, which started in mid-May.Working hours are reduced in Saudi Arabia; Ramadan is always a slow m...Read More
Some steel prices in the United Arab Emirates rose this week, with producers optimistic about future demand, while local rebar demand was strong, sources told Metal Bulletin on Tuesday June 5.Domestic rebar Major rebar producers in the UAE announced new rebar prices on May 23. The biggest steel producer, Emirates Steel, is offering rebar at 2,295 dirhams ($625) per tonne ex-works. Compatriot produ...Read More
Comex copper prices ticked higher on Tuesday June 5, while concerns over material supply loom following disruptions in Chile and India.Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 4.05 cents or 1.29% to $3.175 per lb."Copper finished higher yesterday as Chilean labor talks come...Read More
All base metals prices on the London Metal Exchange recorded positive moves up during morning trading on Tuesday June 5, with zinc's three-month price leading the complex higher amid a weaker US dollar index. The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead is trading in similar form, with this week's push above $2,500 per tonne keeping firmly in...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday June 5*Copper -$125.73 (-807.21 yuan) Aluminium -$573.97 (-3,684.95 yuan) Zinc $0.21 (1.36 yuan) Nickel -$422.68 (-2,713.62 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More
London Metal Exchange three-month base metals prices pared gains during morning trading on Tuesday June 5, with copper, nickel and zinc prices consolidating lower, while the rest were largely unchanged. On average, the base metals prices were down by 0.1%, while total trading volume was low, with only 5,496 lots traded as at 06.32am London time.With the dollar index trading above 94.00 again, it i...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday June 5.Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday, supported by low inventory levels and supply-side concerns.Meanwhile, copper prices continued their recent run of strength, albeit at a slower pace, after trading activity thinned...Read More
Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday June 5, supported by low inventory levels and supply-side concerns. The most-traded July lead contract price on the SHFE rose to 20,425 yuan ($3,185) per tonne as at 10am Shanghai time, up 540 yuan per tonne from Monday's closing price.Stringent environmental regulations in China that came into effect...Read More
Turkey imported 703,977 tonnes of flat steel in April 2018, according to a statement by the Turkish Statistical Institute (TUIK) on Monday June 4.This was up by 12.24% from the corresponding month in 2017, when 627,186 tonnes arrived in the country.Demand for flat steel is not strong in Turkey, because of the weakness of the country's lira and the current political uncertainty created by the calli...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil (HRC), cold-rolled coil (CRC), hot-dipped galvanized coil (HDG), pre-painted galvanized iron (PPGI), steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coil India, export, hot-rolled coil (2mm), offered at $625-630 per tonne cfr, to the UAE. India, export, hot-rolled coil (...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar Oman, export, rebar, offered at $615-625 per tonne cfr on theoretical...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet Iran, export, billet,...Read More
The European Commission (EC) may impose preliminary measures in its safeguard case into imported steel products as early as July this year, market sources have told Metal Bulletin.The full investigation, however, will take as long as nine months to complete."The Commission has nine months to decide whether safeguard measures will be necessary. [But] this decision could be taken much earlier in the...Read More
The EU has ended its anti-dumping investigation into ferro-silicon imports from Egypt and the Ukraine, according to a statement on the European Commission's website on Tuesday June 5.The Commission said the investigation had been terminated after the complainant, industry body Euroalliages, withdrew its complaint by email on February 27. Euroalliages had lodged a complaint with the EU on June 19,...Read More