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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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

SHFE vs LME physical arbitrage 14/11: Copper, aluminium, zinc, nickel [CORRECTED]

Base Metals Market - Wed, 11/14/2018 - 10:00
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 14 *
Categories: Metals Industry News

SHFE vs LME physical arbitrage 14/11: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 11/14/2018 - 10:00
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 14 *
Categories: Metals Industry News

ASIA COPPER WEEK 2018: Chinese copper smelter Xiangguang seeks mine shareholdings, offtakes to secure units

Base Metals Market - Wed, 11/14/2018 - 08:52
China’s largest private copper smelter Yanggu Xiangguang Copper is looking for equity shareholdings in mines around the world while it looks to secure its long-term concentrate supply, the company’s executive vice president told Fastmarkets.
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METALS MORNING VIEW 14/11: Metals prices, sentiment remain gloomy

Base Metals Market - Wed, 11/14/2018 - 08:20
Three-month base metals prices on the London Metal Exchange were broadly weaker on the morning of Wednesday November 14, with the three-month copper price down by 0.1% at $6,040 per tonne. This after Tuesday’s energetic start that saw the red metal reach $6,181 per tonne at one point.
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EUROPEAN MORNING BRIEF 14/11: SHFE base metals prices slip on lackluster China data; participants eyeing higher US copper premium in 2019; Al market unfazed by Rusal news

Base Metals Market - Wed, 11/14/2018 - 05:45
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday November 14.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/11: SHFE base metals prices all down following lackluster China data; nickel leads the decline

Base Metals Market - Wed, 11/14/2018 - 05:40
Base metals prices on the Shanghai Futures Exchange weakened during Asian morning trading on Wednesday November 14, with the release of lackluster Chinese data failing to offset the downward pressure being exerted by a strong dollar.
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