Trading activity in the seaborne coking coal market remained robust on Friday April 27 with traders procuring several cargoes ahead of a long weekend in China, sources said.A cargo of premium mid-vol hard coking coal was traded at $184 per tonne cfr China while a top Australian brand changed hands against an index at a 3% premium, they said. Several sources also told Metal Bulletin late on Friday...Read More
Base metals on the London Metal Exchange were lower during morning trading on Friday April 27, except for zinc, which remained unchanged despite another delivery into Antwerp taking zinc's total stocks up to 60,050 tonnes. Zinc deliveries have flooded Antwerp over the week, with some 30,000 tonnes delivered on Wednesday, followed by a further 20,000 tonnes delivered on Thursday and a fresh deliver...Read More
China's domestic hot-rolled coil market was mixed on Friday April 27, with active trading in the eastern region pushing up prices while inactivity in the north had the opposite effect.Domestic Eastern China (Shanghai): 4,110-4,140 yuan ($649-654) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,970-3,990 yuan per tonne, down 10 yuan per tonne In Shanghai, sales picked up on gains in the...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday April 27:Minor metals Bismuth MB China domestic, yuan/tonne: 67,500-69,000 yuan per tonne from 68,000-69,000 yuan per tonneMagnesium European free market, $/tonne: $2,450-2,475...Read More
An overview of China's minor metals markets in the week of April 23-27 and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange were broadly down this morning, Friday April 27, with only aluminium in positive territory - up by 0.8% at $2,289 per tonne. The rest were all lower by an average of 0.3%.Volume is up from this time on Thursday, but at 4,449 lots as of 06.16 am London time is still below average. Thursday's trading started on a weak footing, but most of the metals en...Read More
Both flat and long stainless steel products' prices in Europe have remained unchanged over the past week amid continued low market activity, sources told Metal Bulletin on Friday April 27.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was stable week on week at ?,?1,050-1,100 ($1,276-1,336) per tonne delivered in Northern Europe on Friday."M...Read More
European alloy steel surcharges for May deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the fourth consecutive month on an increase in nickel costs.The May alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,385-1,434 ($1,683-1,742) per tonne. This is up month-on-month from April's surcharge...Read More
The Turkish ministry of economy has started an investigation into the impact of steel imports on the country's domestic steelmaking industry, it said on Friday, April 27. Market participants believe the investigation is a precautionary measure against the Section 232 tariffs being introduced by the US, because Turkey may become an open market for dumped products once the US measures start to...Read More
China's domestic stainless steel prices narrowed over the past week amid a mixed outlook for the market. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,300-14,800 yuan ($2,259-2,338) per tonne including VAT for the week ended Thursday April 26, compared with 14,100-15,000 yuan per tonne a week earlier. Customers booked stainles...Read More
Turkish steel mills continued their deep-sea scrap bookings for May deliveries at slightly higher prices on Friday April 27.Mills in the country booked six deep-sea cargoes from various regions on Friday, totaling around 180,000 tonnes.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 23,500 tonnes of HMS 1&2 (80:20) at $351.50 per tonne, 5,500 tonnes of bonus at $361.50 per t...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday April 27:Aluminium ingot Duty paid delivered works...Read More
The latest bids, offers and deals in the global markets for ferrous scrap products. Latest transactions: HMS, shredded, bonus, P&S, railTurkey, import, 23,500 tonnes of HMS 1&2 (80:20) traded at $351.50 per tonne, 5,500 tonnes of bonus traded at $361.50 per tonne, 1,000 tonnes of rail traded at $366.50 per tonne cfr, April 27, from the Baltic Sea.Turkey,...Read More
Metal Bulletin reported in May 2017 that movements in the spread between 37% fob and 44% cif manganese ore indices might provide clues about direction in subsequent weeks.At the time, Metal Bulletin had observed that a narrowing of the spread between the prices for the two grades of manganese ore was often followed by a rise in prices and that a widening of the spread often preceded a pr...Read More
Despite healthy economic fundamentals across metals markets, geopolitical uncertainty casts a shadow over Sucden Financial's altogether positive market outlook, the commodity broker's Quarterly Metals Report Briefing highlighted.In its second-quarter trading ranges, the broker omitted forecasts for both aluminium and nickel following the recent storm of uncertainty surrounding the metals' price ac...Read More
The US government's easing of sanctions on Rusal benefits the Russian aluminium producer's employees, US consumers of the metal - and any potential buyers of Oleg Deripaska's shareholding, writes Lord Copper."The Moving Finger writes; and, having writ,Moves on: nor all thy Piety nor WitShall lure it back to cancel half a Line,Nor all thy Tears wash out a Word of it."Well, that's what Omar Kayyam s...Read More
The US government's easing of sanctions on Rusal benefits the Russian aluminium producer's employees, US consumers of the metal - and any potential buyers of Oleg Deripaska's shareholding, writes Lord Copper."The Moving Finger writes; and, having writ,Moves on: nor all thy Piety nor WitShall lure it back to cancel half a Line,Nor all thy Tears wash out a Word of it."Well, that's what Omar Kayyam s...Read More
Free Nickel Today Tips – Nickel Commodity BUY Call 6ed given at 933.50 Achieved 2nd Target 946. Made 951. Total profit of 12.5 x 2 lot = 25 Points6ed : Nickel Tips today - Buy Nickel at CMP 933.50 for Target 940 - 946 with Small SL below price 926.5. Trade 2 lotsAFTER POST CONTENT Read More
Today Free Nickel Call – Nickel Mcx BUY Call 6ed given at price 933.50 Achieved 1st Target 940. Made 94 at 07:07pm. Total Profit of 6.5 x 2 lot = 13 Points6ed : Nickel Tips today - Buy Nickel at CMP 933.50 for Target 940 - 946 with Small SL below price 926.50AFTER POST CONTENT Read More