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Metals Industry News

GLOBAL COPPER WRAP: Shanghai premiums record year-low on arbitrage loss, backwardation

Base Metals Market - Wed, 12/05/2018 - 12:39
Shanghai copper premiums fell to their lowest in over a year on Tuesday December 4 after a negative arbitrage and slack demand reduced buying activity; elsewhere, the US market is concluding annual contracts with higher premium levels inked in for next year.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 05/12: Q1 MJP deal concluded at $85/t; LME prices dip on strong dollar; tellurium market buoyed by solar demand

Base Metals Market - Wed, 12/05/2018 - 12:15
The latest metal markets news and price moves to start the North American day on Wednesday December 5
Categories: Metals Industry News

GLOBAL TIN WRAP: European premiums rise on supply tightness; China, US unchanged

Base Metals Market - Wed, 12/05/2018 - 12:05
The tin premium in Europe has continued on its uptrend amid Indonesian supply tightness, while the supply concern is yet to affect premiums in the United States and China.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/12: Zinc price holds firm in lackluster LME trading; copper drifts below $6,200/t

Base Metals Market - Wed, 12/05/2018 - 11:16
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Wednesday December 5, with downward pressure emerging from a stronger US dollar index and trading worries.
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SHFE vs LME physical arbitrage 05/12: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 12/05/2018 - 09:50
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday December 5
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METALS MORNING VIEW 05/12: Metal prices consolidate while broader markets show weakness

Base Metals Market - Wed, 12/05/2018 - 09:41
Three-month base metals prices on the London Metal Exchange were mixed in the morning of Wednesday December 5, with zinc and copper up by 0.4% and 0.3% respectively, while the rest of the complex was little changed or weaker.
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Major aluminium supplier concludes Q1 MJP deal at $85/t: sources

Base Metals Market - Wed, 12/05/2018 - 09:27
A major aluminium supplier has concluded a deal with a Japanese buyer to supply primary metal for January-March delivery to main Japanese ports (MJP) at a premium of $85 per tonne cif over the London Metal Exchange cash price, market sources told Fastmarkets on Wednesday December 5.
Categories: Metals Industry News

Taiwanese buyers agree 2019 zinc supply deals at higher premiums; lead terms still under discussion

Base Metals Market - Wed, 12/05/2018 - 09:05
Buyers of zinc ingot in Taiwan have signed 2019 supply contracts with Nyrstar and Korea Zinc at premiums higher than those for this year, sources with knowledge of the matter confirmed to Fastmarkets.
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EUROPEAN MORNING BRIEF 05/12: Trade concerns sink SHFE base metals prices; backwardation weighs on global Al premiums; China Molybdenum to take direct ownership of IXM

Base Metals Market - Wed, 12/05/2018 - 06:15
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday December 5.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Dec-Jan backwardation, year-end liquidations weigh on premiums worldwide

Base Metals Market - Wed, 12/05/2018 - 06:00
Global aluminium premiums found no respite from the bearish impact of the backwardation in London Metal Exchange forward price spreads, which widened further this past week, pressuring suppliers to offer discounts to liquidate stocks and minimize risk exposure before the end of the year.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/12: Uncertainty over US-China trade developments sinks most SHFE base metals prices

Base Metals Market - Wed, 12/05/2018 - 05:45
Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Wednesday December 5, with risk sentiment deteriorating amid confusion over whether much progress was made during US-China trade talks this past weekend.
Categories: Metals Industry News

China Molybdenum takes direct ownership of IXM in $495mln fund buyout, details profits

Base Metals Market - Wed, 12/05/2018 - 01:41
China Molybdenum Co will take direct control of metals trader IXM in a $495-million buyout of a fund it set up to originally purchase the firm from Louis Dreyfus, according to a notice issued on the Hong Kong Stock Exchange on Tuesday December 4.
Categories: Metals Industry News

US mill-grade aluminium scrap prices drift lower

Base Metals Market - Tue, 12/04/2018 - 23:05
The aluminium mill-grade scrap market in the United States is showing further signs of wear, with prices shrugging off steep gains on the London Metal Exchange due to ample supply and limited demand.
Categories: Metals Industry News

US Midwest P1020 aluminium premium static on uncertainty

Base Metals Market - Tue, 12/04/2018 - 23:01
The US Midwest P1020 aluminium premium held its range on Tuesday December 4, while domestic market participants kept out of the spot market and focused on depleting their existing inventories before the end of the year.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/12: Lead price climbs 2% in mixed LME close; nickel holds above $11,000/t

Base Metals Market - Tue, 12/04/2018 - 17:49
Positive developments in the US-China trade dispute kept London Metal Exchange base metals prices mostly elevated at the close on Tuesday December 4, although broad strength in the dollar is capping price rallies.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/12: Comex copper flat after Monday surge

Base Metals Market - Tue, 12/04/2018 - 15:58
Comex copper prices were little changed during morning trading in the US, with market participants still digesting news of a detente between the US and China.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 04/12: Base metals prices firm; Bids for mid-vol coking coal products rise; Glencore cuts cobalt production at Katanga mine

Base Metals Market - Tue, 12/04/2018 - 12:40
The latest metal markets news and price moves to start the North American day on Tuesday December 4.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/12: Base metals prices consolidate higher, LME nickel up 1%

Base Metals Market - Tue, 12/04/2018 - 10:58
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Tuesday December 4, lifted by a slight downturn in the US dollar index and while market sentiment remains positive after recent US-China trade talks.
Categories: Metals Industry News

Spot copper concentrate TCs rise in late Nov due to smelter outages [CORRECTED]

Base Metals Market - Tue, 12/04/2018 - 10:30
This article has been corrected to show that the Fastmarkets MB copper concentrates index should have read $88.8 per tonne/8.88 cents per lb on Friday November 30, not $87.3/8.73 cents as previously published.
Categories: Metals Industry News

PRICING NOTICE: Correction to Fastmarkets MB's copper concentrate index

Base Metals Market - Tue, 12/04/2018 - 10:20
Fastmarkets MB has corrected its copper concentrate TC/RC index, which was published incorrectly on November 30 due to a reporter error.
Categories: Metals Industry News

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