Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday December 28, supported by strong gains across global equity markets, while the largest outflow of 2018 in LME tin stocks keeps the metal's futures price elevated. Despite consolidating higher over the morning, the three-month aluminium price remains under pressure below $1,900 per tonne after...Read More

Base metals stocks at Shanghai Futures Exchange-approved warehouses were mostly down in the week ended Friday December 28, with nickel and copper bucking the trend.Zinc, aluminium, lead and tin stocks all fell this week, with lead registering the steepest decline and largely erasing the increase recorded last week. Deliverable lead stocks at SHFE warehouses fell by 3,521 tonnes or 18.2% over the p...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday December 28* Copper -$67.35 (-462.89 yuan) Aluminium -$353.46 (-2,429.18 yuan) Zinc $41.71 (286.65 yuan) Nickel $39.14 (268.98 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Friday December 28.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday, with weakness in the dollar buoying most of the complex.Check Fastmarkets MB's live futures report here. The Chinese antimony market showed signs of softening in...Read More

Indian domestic secondary billet prices rose by at least 600 rupees ($9) per tonne over the past week on sustained buying by long product makers and improved trading.Fastmarkets MB assessed the Indian secondary billet price at 31,200-31,400 rupees ($446-449) per tonne ex-mill on Thursday December 27 - an increase of 600 rupees per tonne compared with 30,600-30,800 rupees...Read More

Prices for coated-steel coil products in Turkey were mostly stable in the week to Friday December 28 amid continued limited demand.Last week's price cuts did not help improve buying, sources told Fastmarkets MB, because buyers usually postpone booking toward the end of the year to avoid building up inventories. Domestic prices One producer in northern Turkey was still offering 0.5mm hot-dippe...Read More

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, HDG, PPGI Hot-rolled coilTurkey, domestic, hot-rolled coil, offered at $500-515 per tonne ex-works, February production.Turkey, domestic, hot-rolled coil, traded...Read More

Domestic prices for steel coil products in Turkey fell this week on continued slow demand, sources told Fastmarkets on Friday December 28."Buyers are not willing to book despite low stock levels," a source told Fastmarkets MB. "The first quarter of 2019 will also be slow for steel trading."Fastmarkets MB's weekly price assessment for Turkish domestic hot-rolled coil (HRC) was at $500-510 per tonne...Read More

China's hot-rolled coil (HRC) prices dipped on Friday December 28, although trading was moderate because downstream demand was stable, sources told Fastmarkets MB.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($535-538) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, down 10 yuan per tonneThe dominant price range in Shanghai was 3,690-3,700 yuan per t...Read More

Large investment into construction, power and transport in North Africa will support further steel demand growth in the region but not significantly, Fastmarkets heard at the 22nd Middle East Iron and Steel Conference in Dubai on December 10-12.In North Africa, there are major infrastructure projects - either under construction or still in the planning stages - with investment totaling close to $6...Read More

No activity was reported in the global pig iron market over the past week, because buyers in the United States and Europe - the key outlets - left the market for end-of-year holidays, as did exporters from Brazil; the holiday period for suppliers from the Commonwealth of independent States will start next week. Pig iron sentiment remained pessimistic due to weakness in final steel product markets...Read More

Chinese iron ore buyers continued to take caution on Friday December 28, the last trading day for most market participants in 2018.MB 62% Fe Iron Ore Index: $72.73 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Pilbara Blend Fines Index: $72.56 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $74.12 per tonne cfr Qingdao, up $0.56 per tonne. MB 58% Fe Premium...Read More

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CloseGain/LossOn WeekGold $1280.00+$5.10+1.95%Silver$15.37+$0.14+5.13%XAU69.68-1.56%+1.47%HUI158.15-1.93%+1.07%GDM579.60-1.28%+1.55%JSE Gold1367.91+0.51+3.88%USD96.38-0.15-0.67%Euro114.47+0.09+0.74%Yen90.84+0.69+0.91%Oil$45.33+$0.72-0.57%10-Year2.719%-0.058-2.30%Bond145.78125+0.25+0.67%Dow23062.40-0.33%+2.75%Nasdaq6584.52+0.08%+3.97%S&P2485.74-0.12%+2.86% The Metals: Gold gained $7.10 to $...Read More

During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More

During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More

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