Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Monday June 11, with lead, zinc and aluminium prices moving higher, while the rest weakened.Lead outperformed this morning with a 1% gain to $2,492 per tonne, with zinc and aluminium registering increases of 0.3% and 0.2% respectively. Tin led on the downside with a decline of 0.5%, while copper...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday June 11*Copper -$191.5 (-1,229.13 yuan) Aluminium -$545.02 (-3,498.23 yuan) Zinc -$24.77 (-158.99 yuan) Nickel -$280.19 (-1,798.38 yuan) * Metal Bulletin calculates the...Read More

Buying activity in the Commonwealth of Independent States export slab market has shown signs of recovery during the week ended Monday June 11 as several bookings were heard done in Southeast Asia and the Middle East.Metal Bulletin's CIS export slab price assessment was $510-515 per tonne fob Black Sea on Monday, unchanged from the previous week.CIS mills selling material from the Black Sea and Far...Read More

Brazilian domestic prices of hot-rolled coil, cold-rolled coil and hot-dipped galvanized coil have increased this month as mills have been struggling to apply previously announced price movements.Metal Bulletin's monthly assessment of Brazil domestic HRC prices rose to 2,600-2,700 Reais ($701-728) per tonne-ex-works on Friday June 8 compared with 2,500-2,600 Reais per tonne ex-works on May 4....Read More

Due to a technical error, Metal Bulletin's monthly price assessment for domestic cold-rolled coil (CRC) in Brazil was published incorrectly on June 8, 2018.Metal Bulletin has now corrected its monthly Brazil CRC assessment.The price was published at 2,800-2,900 Reais ($754.93-781.89) per tonne ex-works, and has subsequently been corrected to 2,900-3,000 Reais per tonne ex-works.Metal Bulletin's pr...Read More

Saudi Arabia's state-owned steel producer Hadeed Sabic has registered with Egypt's General Organization for Export and Import Control to export rebar to the country, Egyptian sources told Metal Bulletin on Sunday June 10. It is compulsory to be registered with the organization to export rebar to Egypt. Sabic is the second registered Saudi Arabian steel producer to export rebar to Egypt after Al Ra...Read More

China's car production and sales extended their year-on-year growth in May but were both down on the month, the China Association of Automobile Manufacturers (CAAM) said today. The country produced 2.34 million vehicles last month, up 12.8% from 2.09 million units in May 2017, the association said on Monday June 11. Vehicle sales reached 2.29 million units...Read More

The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More

Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Monday June 11, with lead, zinc and aluminium prices moving higher, while the rest weakened. Lead outperformed this morning with a 1% gain to $2,492 per tonne, with zinc and aluminium registering increases of 0.3% and 0.2% respectively. Tin led on the downside with a decline of 0.5%, while coppe...Read More

European ammonium paratungstate prices (APT) moved up again last week, buoyed by tightening availability in the spot market amid ongoing environmental crackdowns in China. European APT prices move up on tight supply Chinese APT, concentrates prices stabilize  European, Chinese ferro-tungsten markets subdued amid weak spot demand Metal Bulletin assessed APT prices at $345-352 per metric t...Read More

SHANGHAI, Jun 11 (SMM) – Nonferrous metals saw mixed trading on Monday June 11. SHFE nickel led losses and closed 0.79% lower. Tin dipped 0.52%, and aluminium inched down. Zinc, lead, and copper went up slightly.The ferrous complex gained for the most part. Iron ore rose 0.64%. Rebar and hot-rolled coil inched up, while coking coal lost 0.76% and coke edged down.Copper: The SHFE 1808 contrac...Read More

SHANGHAI, Jun 11 (SMM) – Nonferrous metals saw mixed trading on Monday June 11. SHFE nickel led losses and closed 0.79% lower. Tin dipped 0.52%, and aluminium inched down. Zinc, lead, and copper went up slightly.The ferrous complex gained for the most part. Iron ore rose 0.64%. Rebar and hot-rolled coil inched up, while coking coal lost 0.76% and coke edged down.Copper: The SHFE 1808 contrac...Read More

SHANGHAI, Jun 11 (SMM) – Nonferrous metals saw mixed trading on Monday June 11. SHFE nickel led losses and closed 0.79% lower. Tin dipped 0.52%, and aluminium inched down. Zinc, lead, and copper went up slightly.The ferrous complex gained for the most part. Iron ore rose 0.64%. Rebar and hot-rolled coil inched up, while coking coal lost 0.76% and coke edged down.Copper: The SHFE 1808 contrac...Read More

SHANGHAI, Jun 11 (SMM) – Nickel ore shipments leaving Indonesia during June 10-20 are likely to decline as Ramadan comes to an end, SMM expects.Most Indonesian mines would suspend shipments over this period.In May, nickel ore shipments leaving Indonesia stood at about 1.65 million wmt. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. The Canadian Dollar dropped $0.45 to U.S. $76.87 following the war of words by President Trump and Prime Minister following the G7 meeting.Ingersoll Rand (IR $90.69) is expected to open higher after the company raised its dividend by 18%. International Flavours and Fragrances (IFF $126.41) i...Read More

SHANGHAI, Jun 11 (SMM) – Spot copper was mostly offered at a discount of 60 yuan/mt to flat to the SHFE 1806 contract in the Shanghai market on Monday June 11. This compared with a discount of 60-20 yuan/mt on Friday June 8.The SHFE 1806 contract strengthened this morning. It gained 260 yuan/mt to close at 53,800 yuan/mt in the morning trading session. Prices of the 1806 contract remained 20...Read More

The US Midwest ferrous scrap market for No 1 busheling has continued its lengthy upward run this month - and there is no sign of a price correction to come, given the summer slowdown in prime scrap generation right around the corner.Steel producers in Detroit, Chicago, Indiana and outlying areas increased their buying price for No 1 busheling by another $10 per gross ton, and agreed to continue pa...Read More

SHANGHAI, Jun 11 (SMM) – Sales of new-energy passenger vehicles in China amounted to over 92,000 units in May, up 140% year on year and up 30% month on month, according to wholesale data from China Passenger Car Association (CPCA) released on Friday June 8.In May, sales of pure electric passenger vehicles rose 130% from a year ago and stood at 73,072 units. Sales of plug-in hybrid elect...Read More

SHANGHAI, Jun 11 (SMM) – Operating rate across China's zinc die-casting plants stood at 50.7% in May, SMM survey showed.This was down 5.15 percentage points from April and down 8.85 percentage points from May last year, due to stricter environmental restrictions in slack season. SMM expects the operating rate to dip further to 49.71% in June, down 9.59 percentage points from the sam...Read More

SHANGHAI, Jun 11 (SMM) –Copper: LME copper hit a high of $7,333/mt last Friday as the SHFE inventories fell and as China’s May imports of unwrought copper and copper products surged 22% year on year. It then edged down slightly before closure. The SHFE 1808 contract was bolstered by longs to close at 54,420 yuan/mt from a low of 54,210 yuan/mt. Open interest of SHFE copper rose over 14...Read More