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METALS MORNING VIEW 15/11: Metals prices rebound after dollar pulls back

Base Metals Market - 2 hours 43 min ago
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.7% on the morning of Thursday November 15.
Categories: Metals Industry News

ASIA COPPER WEEK 2018: India to import more refined copper in 2019 on rising demand, Tuticorin shutdown – Birla Copper CEO

Base Metals Market - 3 hours 58 min ago
More refined copper will be shipped to India next year on burgeoning demand and stagnant domestic supply following the closure of the country’s massive Tuticorin smelter, according to JC Laddha, chief executive officer of Birla Copper.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 15/11: SHFE base metals prices rebound; nickel premiums unchanged; European tin premium holds at 21-month high

Base Metals Market - 5 hours 8 min ago
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Thursday November 15.
Categories: Metals Industry News

ASIA COPPER WEEK 2018: Copper prices set to rise in Q1 2019 – ECTP

Base Metals Market - 5 hours 21 min ago
A global shortage of refined copper and an improved macroeconomic backdrop are likely to boost copper prices in the first quarter of 2019, according to Engelhart Commodities Trading Partners’ (ECTP) head of metal and mine research, Xiaohong Wang.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/11: SHFE base metals prices recover after Wednesday’s weakness; zinc leads on the upside

Base Metals Market - 5 hours 41 min ago
Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Thursday November 15, reversing the previous day’s losses on a weaker dollar and easing trade tensions.
Categories: Metals Industry News

MJP aluminium stocks down 1% in October vs September, Marubeni says

Base Metals Market - Wed, 11/14/2018 - 19:14
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama slipped 1% month on month in October, according to the latest data from major Japanese trading house Marubeni Corp.
Categories: Metals Industry News

ICDX tin trades slashed in Indonesian supply crunch; LME tin price unshaken

Base Metals Market - Wed, 11/14/2018 - 19:05
Tin trades on the Indonesia Commodity & Derivatives Exchange (ICDX) have completely halted because of significant supply disruptions in the country, Fastmarkets heard on Wednesday November 14.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Nickel premiums flat worldwide

Base Metals Market - Wed, 11/14/2018 - 18:12
Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants’ absence from the market.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/11: Most LME base metals prices appreciate amid crude oil rebound

Base Metals Market - Wed, 11/14/2018 - 18:09
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the dollar index.
Categories: Metals Industry News

FOCUS: First deals point to drop in 2019 European zinc premiums but Nyrstar's troubles cast uncertainty

Base Metals Market - Wed, 11/14/2018 - 17:54
The first deals for special high-grade zinc supply in 2019 in Europe point to a decline in annual zinc premiums compared with this year's levels, but Nyrstar's financial troubles are complicating negotiations and raising concerns that supply may turn out to be tighter than anticipated.
Categories: Metals Industry News

GLOBAL TIN WRAP: European premiums market lacks direction; Global markets stable, premiums flat

Base Metals Market - Wed, 11/14/2018 - 16:50
The tin premium in Europe remains at a 21-month high amid continued uncertainty over Indonesian supply, while thin spot activity and a closed import arbitrage window kept premiums firm in the United States and China.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/11: Comex copper price sustains momentum through midweek session

Base Metals Market - Wed, 11/14/2018 - 15:21
Comex copper prices moved higher on Wednesday November 14 despite a stronger dollar due to growing optimism that a bilateral trade agreement between the United States and China could be reached in the next few months.
Categories: Metals Industry News

AECOM May Consider Market Shifts Amid Profit Shortfall

Engineering News Record - Wed, 11/14/2018 - 15:06
The design-build giant's revenue rose, but results signal possible exit from P3 infrastructure concessions and reduced global work.

Hydro's Alunorte permits are irregular, Brazilian representatives say

Base Metals Market - Wed, 11/14/2018 - 13:54
Brazilian alumina refinery Alunorte’s solid waste deposit (DRS2) had irregular environmental permits and could be built on ecological reserves, a local House of Representatives report concluded on Tuesday November 13.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 14/11: China copper demand/supply outlook; US copper premiums up; zinc under pressure

Base Metals Market - Wed, 11/14/2018 - 12:33
The latest metal markets news and price moves to start the North American day on Wednesday November 14.
Categories: Metals Industry News

ASIA COPPER WEEK 2018: Copper execs see limited impact to copper inflows from Chinese scrap restrictions

Base Metals Market - Wed, 11/14/2018 - 12:09
A series of Chinese policies aimed at restricting imports of copper scrap is not expected to significantly alter the supply/demand balance in the world’s largest copper consuming country, industry executives said during a panel discussion at Asia Copper Week in Shanghai.
Categories: Metals Industry News

Chinese copper cathode production to rise 6% in 2019, BGRIMM says

Base Metals Market - Wed, 11/14/2018 - 11:52
China’s copper cathode production will increase by 6% next year according to BGRIMM Lilan Consulting.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/11: LME base metals drift lower amid crude oil sell-off; nickel price under pressure

Base Metals Market - Wed, 11/14/2018 - 11:30
Base metals on the London Metal Exchange were mostly lower during morning trading on Wednesday November 14, with prices weakened by a prolonged sell-off in crude oil markets while continued strength in the US dollar index increased downward pressure.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Tight supply keeps most global zinc premiums stable; elevated freight costs support US lead premiums

Base Metals Market - Wed, 11/14/2018 - 10:03
Most special high-grade (SHG) zinc premiums were unchanged in the week to Tuesday November 13 despite the downward pressure stemming from limited spot demand and a wide backwardation in the London Metal Exchange’s cash/three-month spread, with lingering tightened spot availability providing support.
Categories: Metals Industry News

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