Base Metal Stocks Articles

LIVE FUTURES REPORT 01/05: LME zinc price hits 2018 low but aluminium holds up

May 01, 2018 / Hassan Butt

Base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday May 1, coming under pressure from a stronger dollar index.Zinc was the largest faller of the day, down 2.5%. It bottomed out at $3,054 per tonne this afternoon, its lowest figure since December 2017. The metal's fundamental picture was rattled last week after more than 60,000 tonnes of zinc were delivered...Read More

DAILY SCRAP REPORT: Labor day holidays put markets on hold

May 01, 2018 / Declan Conway

Holidays in Turkey and across much of Europe for the traditional May 1 Labor Day meant that there was no change in prices for Turkish imports of deep-sea scrap from European and US suppliers, sources said on Tuesday May 1.Renewed business activity is expected later in the week when traders return to work, they added.Market sentiment is cautious about how much more prices may increase in the near t...Read More

GULF STEEL BILLET, REBAR: Prices drop on diminished demand

May 01, 2018 / Serife Durmus

Prices for domestic steel rebar and imported steel billet in the United Arab Emirates decreased this week on poor demand, sources told Metal Bulletin on Tuesday May 1.And demand for imported rebar in both countries remained almost non-existent.Domestic rebarThe major rebar producers in the UAE announced new prices on April 25.The biggest steel producer, Emirates Steel, is now offering rebar at 2,3...Read More

GLOBAL VANADIUM WRAP: Chinese exporters raise offers on recovering European market; US prices flatline

May 01, 2018 / Anna Xu

Chinese ferro-vanadium exporters increased their offer prices in the week to Friday April 27 amid recovering prices in Europe, while US ferro-vanadium prices stagnated due to inactivity in the spot market. Chinese ferro-vanadium export prices tick up on the back of European recovery  European market firm week on week on thinning spot inventories  US ferro-vanadium price stagnates on mar...Read More

NORTH AMERICAN MORNING BRIEF 01/05: LME base metals lower; US postpones Section 232 tariffs on steel, Ali; HBI export market to continue growth

May 01, 2018 / Tanya Ashreena

The latest metal markets news and price moves to start the North American day on Tuesday May 1. Base metals prices on the London Metal Exchange were broadly lower during morning trading, with tin the only metal to buck the trend.The complex was trading at lower volumes over the morning, with Chinese markets closed for a national holiday.Here is how the LME base metals complex looked at 1pm London...Read More

LIVE FUTURES REPORT 01/05: LME zinc price hits 2018 low but aluminium holds up

May 01, 2018 / Hassan Butt

Base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday May 1, coming under pressure from a stronger dollar index.Zinc was the largest faller of the day, down 2.5%. It bottomed out at $3,054 per tonne this afternoon, its lowest figure since December 2017. The metal's fundamental picture was rattled last week after more than 60,000 tonnes of zinc were delivered...Read More

LIVE FUTURES REPORT 01/05: LME base metals prices lower with nickel continuing to slide; tin bucks trend

May 01, 2018 / Hassan Butt

Base metals prices on the London Metal Exchange were broadly lower during morning trading on Tuesday May 1, with tin the only metal to buck the trend. The complex is trading at lower volumes over the morning, with Chinese markets closed for a national holiday. Nickel's three-month price is drifting further from the $14,000 per tonne support level, reaching a low of $13,555 this morning. The metal'...Read More

METALS MORNING VIEW 01/05: Metals prices drift in absence of bullish news

May 01, 2018 / William Adams

Base metals prices on the London Metal Exchange were mixed in the morning of Tuesday May 1, with copper (-0.7% at $6,775 per tonne), aluminium (-0.2%) and zinc (-0.4%) prices lower, while tin prices are untraded and lead and nickel prices are both up 0.3%. Chinese markets are closed for a national holiday today, meaning volume has been light with 1,225 lots traded as of 6.24am London time. This fo...Read More

Spot zinc, lead TCs remain at low levels; initial annual deals signed

May 01, 2018 / Archie Hunter

Spot zinc concentrate treatment charges basis CIF to major East Asian ports remained flat while lead concentrate terms declined marginally in April.The market remains extremely tight for spot concentrates, with mine supply yet to translate into markedly higher terms paid for cargoes.In China, the domestic zinc market's delivered TCs fell further, while mines struggled to ramp up and feed demand fr...Read More

Five effects of high manganese ore prices

May 01, 2018 / Janie Davies

Manganese ore prices increased by as much as 70% between early December and late in March when they started to slide again.In March, Metal Bulletin's 37% fob index rose as high as $7.57 per dry metric tonne unit (dmtu) and the 44% cif index as high as $8.82 per dmtu. Metal Bulletin examines the effects of the recent manganese ore rally on miners, traders and consumers. Smaller...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 01/05

May 01, 2018 / editorial@metalbulletin.com

A summary of base metals premiums from across the globe for the week to Tuesday May 1.Please click...Read More

NORTH AMERICAN MORNING BRIEF 01/05: LME base metals lower; US postpones Section 232 tariffs on steel, Ali; HBI export market to continue growth

May 01, 2018 / Tanya Ashreena

The latest metal markets news and price moves to start the North American day on Tuesday May 1. Base metals prices on the London Metal Exchange were broadly lower during morning trading, with tin the only metal to buck the trend.The complex was trading at lower volumes over the morning, with Chinese markets closed for a national holiday.Here is how the LME base metals complex looked at 1pm London...Read More

Copper concentrate TC/RCs rise further in April on spot availability

May 01, 2018 / Archie Hunter

Spot treatment and refining charges (TC/RC) for copper concentrates firmed moderately in the last two weeks of April, with the market continuing to weigh strong, short-term market availability against potential major disruptions in the coming months.Metal Bulletin's copper concentrates TC/RC index ticked higher for the second consecutive fortnight to $68.10 per tonne/6.81 cents per lb on April 30,...Read More

LIVE FUTURES REPORT 01/05: LME base metals prices lower with nickel continuing to slide; tin bucks trend

May 01, 2018 / Hassan Butt

Base metals prices on the London Metal Exchange were broadly lower during morning trading on Tuesday May 1, with tin the only metal to buck the trend. The complex is trading at lower volumes over the morning, with Chinese markets closed for a national holiday. Nickel's three-month price is drifting further from the $14,000 per tonne support level, reaching a low of $13,555 this morning. The metal'...Read More

METALS MORNING VIEW 01/05: Metals prices drift in absence of bullish news

May 01, 2018 / William Adams

Base metals prices on the London Metal Exchange were mixed in the morning of Tuesday May 1, with copper (-0.7% at $6,775 per tonne), aluminium (-0.2%) and zinc (-0.4%) prices lower, while tin prices are untraded and lead and nickel prices are both up 0.3%. Chinese markets are closed for a national holiday today, meaning volume has been light with 1,225 lots traded as of 6.24am London time. This fo...Read More

Conares Steel's new pipe mill starts production

May 01, 2018 / Serife Durmus

The 250,000 tonnes per year pipe mill of United Arab Emirates-based Conares Steel started production on Sunday April 29, the company's chief executive officer Bharat Bhatia told Metal Bulletin on Monday April 30.Located in the Jebel Ali Free Zone, the mill can produce up to 12-inch pipes and the coil used to produce the pipe will be purchased from India,...Read More

Semi-finished Steel Products Trade Log, April 30, 2018

May 01, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More

Flat Steel Products Trade Log, April 30, 2018

May 01, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coil China, export, hot-rolled coil (2mm), offered at $620-630 per tonne cfr, to the UAE. India, export, hot-rolled coil (2mm),...Read More

GULF FLAT STEEL IMPORTS: Prices stable, demand limited

May 01, 2018 / Serife Durmus

Flat steel import prices in the United Arab Emirates and Saudi Arabia remained unchanged this week on limited demand, sources told Metal Bulletin on Tuesday May 1. Buyers preferred to postpone bookings ahead of the Islamic holy month of Ramadan, which starts in mid-May and will lead to a further reduction in market activity. And market participants are expecting prices to fall. UAE Metal Bull...Read More

Further exemption from Section 232 only prolongs uncertainty in Europe, EC and Eurofer say

May 01, 2018 / Maria Tanatar

The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.The US authorities postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico on April 30. Originally, the EU was...Read More

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