SHANGHAI, May 9 (SMM) – This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, an SMM survey showed. Output in the first four months of this year stood at 2.86 million mt, up 11...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, an SMM survey showed. Output in the first four months of this year stood at 2.86 million mt, up 11...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, an SMM survey showed. Output in the first four months of this year stood at 2.86 million mt, up 11...Read More
SHANGHAI, May 9 (SMM) –Copper: LME copper fell below all moving averages overnight and the SHFE 1807 contract performed no better. We expect LME copper to trade at $6,760-6,830/mt today with SHFE 1807 at 50,700-51,200 yuan/mt. Spot premiums are seen higher at 50-100 yuan/mt as sellers are likely to offer higher against the falling futures market.Aluminium: The SHFE 1807 contract fell to a lo...Read More
Consolidation continues After April’s volatility, nickel prices...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.Plu...Read More
SHANGHAI, May 9 (SMM) –Copper: LME copper fell below all moving averages overnight and the SHFE 1807 contract performed no better. We expect LME copper to trade at $6,760-6,830/mt today with SHFE 1807 at 50,700-51,200 yuan/mt. Spot premiums are seen higher at 50-100 yuan/mt as sellers are likely to offer higher against the falling futures market.Aluminium: The SHFE 1807 contract fell to a lo...Read More
SHANGHAI, May 9 (SMM) –Copper: LME copper fell below all moving averages overnight and the SHFE 1807 contract performed no better. We expect LME copper to trade at $6,760-6,830/mt today with SHFE 1807 at 50,700-51,200 yuan/mt. Spot premiums are seen higher at 50-100 yuan/mt as sellers are likely to offer higher against the falling futures market.Aluminium: The SHFE 1807 contract fell to a lo...Read More
Tata Steel Europe has begun to seek potential buyers for its non-core business units so as to strengthen its forecast for the steel strip business, the company said on Tuesday May 8.The sale process will include five business units.The first is Cogent, a manufacturer and processor of electrical steels. It has three assets, at Newport in South Wales in the UK, at Burlington in Ontario in Canada, an...Read More
Modest rise in tin Last 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
Dollar strength weighs on prices Zinc...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
The European Commission (EC) has started an expiry review into anti-dumping duties on threaded tube or pipe cast fittings, made of malleable cast iron, originating in China and Thailand, the EC said on Wednesday May 8.The review was initiated after four EU producers - Berg Montana Fittings, Georg Fischer Fittings, Odlewnia Z?(C)liwa and Livarna Titan - lodged a request to the EC on February 13 thi...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 prices on the London Metal Exchange were mixed on the morning of Wednesday May 9, with all the metals, except tin (+0.2%) and lead (+0.3%), down by an average of 0.3%. Copper prices were off 0.4% at $6,785 per tonne. Volume on the LME has been below average, with 5,734 lots traded as at 07.37 am London time. This follows on from what turned out to be a generally negative day on Tuesday...Read More
Domestic prices for hot-dipped galvanized coil (HDG) have gone unchanged in Northern Europe this week, but they have fallen in the South of the region, sources told Metal Bulletin on Wednesday May 9.Demand for the material in Southern Europe has been slow, with buyers remaining in "wait-and-see" mode because they have sufficient stocks, according to market participants. As a result, domestic price...Read More
Base metals prices on the London Metal Exchange kept firm at the close of trading on Wednesday May 9, with copper's 1% climb leading a positive afternoon surge across the complex. The three-month copper prices traded as low as $6,766 per tonne today, finding support throughout the afternoon and climbing back over the $6,800 per tonne support level at the close. The red metal dropped marginally aft...Read More
Domestic prices for cold-rolled coil in Southern Europe fell this week due to slow trading activity, sources told Metal Bulletin on Wednesday May 9.The Southern European market remained in 'wait-and-see' mode with participants waiting for a final decision from the United States about its Section 232 import tariffs and an expected announcement related to a safeguard case in the EU, sources sai...Read More
Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe remained unchanged this week because of the low levels of market activity, sources said on Wednesday May 9.Public holidays in several European countries this week have contributed to the drop in activity.The Southern European domestic price for mesh-quality wire rod was ?,?525-550 ($624-654) per.....Read More
The latest metal markets news and price moves to start the North American day on Wednesday May 9. Base metals on the London Metal Exchange edged slightly higher during morning trading, with nickel the only metal in the complex to trade lower."The base metals' recent attempts to rally ran into supply and prices are consolidating once again. The combination of less than bullish economic data, the st...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday May 9. Base metals prices on the Shanghai Futures Exchange were down across the board during Asian morning trading on Wednesday, dragged lower by the stronger dollar. Zinc prices, trading little changed to weaker, were the most resilient of the complex.Check Metal Bulletin's live fut...Read More