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Metals Industry News

ALUMINIUM BILLET WRAP: Italy premium falls to 15-month low; US, Brazil premiums also slip

Base Metals Market - Sat, 05/11/2019 - 00:36
Aluminium billet premiums fell across Europe, the United States and Brazil on Friday May 10 due to continued poor demand for billet, forcing market participants to sell material at aggressively low levels.
Categories: Metals Industry News

ALUMINIUM FOUNDRY WRAP: German foundry market stabilizes for first time since February; US market dips

Base Metals Market - Fri, 05/10/2019 - 22:55
Primary aluminium foundry alloy premiums in Europe were steady on Friday May 10 in a quiet market, while bearish sentiment from the automobile industry continued to cap premiums.
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US secondary aluminium alloy prices fall in competitive market

Base Metals Market - Fri, 05/10/2019 - 22:48
The benchmark secondary aluminium alloy A380.1 price in the United States declined further on Thursday May 9, with alloy producers struggling to sell metal to disinterested die-casters, sparking steep discounts in the spot market.
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US aluminium billet upcharge falls to 17-month low

Base Metals Market - Fri, 05/10/2019 - 22:45
Spot demand for aluminium billet in the United States has remained low, forcing producers to offer discounts in order to move material and pushing the 6063 extrusion billet upcharge to its lowest since late November 2017.
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LIVE FUTURES REPORT 10/05: LME base metals consolidate amid thin volumes; Ni stages rebound

Base Metals Market - Fri, 05/10/2019 - 17:50
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Friday May 10, with nickel futures climbing 1.6% while the three-month lead price failed to recover from a three-year low.
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US raises additional duties on Chinese base metal exports to 25%

Base Metals Market - Fri, 05/10/2019 - 17:22
The United States government has increased its existing 10% additional duties on imports of base metals, ferrous metals and associated products from China to 25% from Friday May 10, citing a lack of progress on ongoing trade talks.
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BATTERY RAW MATERIALS MARKET REPORT 10/05: Cobalt prices waver on weak spot buying; sulfate discount widens

Base Metals Market - Fri, 05/10/2019 - 16:52
An overview of the battery raw materials markets and their price moves.
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LIVE FUTURES REPORT 10/05: Trade worries sink Comex copper price further

Base Metals Market - Fri, 05/10/2019 - 15:52
The Comex copper price was dragged lower in US morning trading on Friday May 10 by an escalation in the US-China trade war, which market participants had previously expected to be nearing a peaceful conclusion.
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SHFE STOCKS REPORT 10/05: Tin inventories surge 16%; most other stocks fall

Base Metals Market - Fri, 05/10/2019 - 11:30
Tin stocks held in Shanghai Futures Exchange-approved warehouses jumped up by over 16% as of Friday May 10 due to weak demand, while lead stocks also rose by about 10% but inventories for other base metals fell.
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LIVE FUTURES REPORT 10/05: LME base metals climb despite US tariff hike

Base Metals Market - Fri, 05/10/2019 - 10:30
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday May 10, with price action largely unaffected by the United States’ decision to increase tariffs on $200 billion worth of Chinese goods from 10% to 25%.
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MORNING VIEW: LME base metals prices positive despite escalation in US-China trade war

Base Metals Market - Fri, 05/10/2019 - 09:18
While US-China trade talks continue, the market seems to be clinging on for an eleventh-hour deal this morning, Friday May 10, because key markets are holding up surprisingly well. But, if a deal does not miraculously emerge soon then further disappointment is likely to set in.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/05: SHFE base metals prices broadly up despite looming tariff increase; Ni rebounds 1.8%

Base Metals Market - Fri, 05/10/2019 - 04:45
With the exception of tin, base metals prices on the Shanghai Futures Exchange were up during morning trading on Friday May 10, with comments by US President Donald Trump insisting a trade deal between China and the United States was still possible providing much needed relief to the market.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 9

Base Metals Market - Fri, 05/10/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Thursday May 9 that are worth another look.
Categories: Metals Industry News

Brazil's Termomecanica to put most investment into aluminium until 2021

Base Metals Market - Thu, 05/09/2019 - 19:45
Brazilian copper products manufacturer Termomecanica has decided to invest most of its budget for 2019-21 in the expansion of its aluminium division, after an increase in sales of the newly processed metal, according to a press statement on Friday May 3.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/05: LME lead price hits 3-year low; nickel’s decline continues

Base Metals Market - Thu, 05/09/2019 - 17:36
Lead’s three-month price on the London Metal Exchange had tumbled by 2.5% by the close of trading on Thursday May 9, reaching its lowest level since August 2016 at an intraday low of $1,830.50 per tonne.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/05: Comex copper's weakness persists

Base Metals Market - Thu, 05/09/2019 - 15:10
Comex copper prices failed to recover on Thursday May 9 morning in the United States amid persistent worries over the Sino-US trade talks.
Categories: Metals Industry News

LME ASIA WEEK 2019: New Chinese aluminium projects to support higher alumina prices – sources

Base Metals Market - Thu, 05/09/2019 - 13:24
The Chinese spot alumina price could rise over the course of 2019 despite new capacity planned this year due to new downstream aluminium projects which outpace the raw material’s capacity expansion, Fastmarkets learned during LME Asia Week in Hong Kong this week.
Categories: Metals Industry News

FOCUS: Aluminium trader activity in Trieste booms with high stock levels, lower Rotterdam demand

Base Metals Market - Thu, 05/09/2019 - 11:33
Aluminium traders in Europe have been switching business to the Italian port of Trieste in the past month, due to high stock levels leading to opportunistic trading.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/05: LME Al trades down amid 23kt cancelation; Zn continues slide

Base Metals Market - Thu, 05/09/2019 - 10:05
Aluminium’s three-month price on the London Metal Exchange continued its downtrend during morning trading on Thursday May 9, drifting further away from its nearby $1,800-per-tonne support level amid a fresh cancelation of 23,000 tonnes.
Categories: Metals Industry News

LME ASIA WEEK 2019: Guangxi Nanguo’s copper cathode production unlikely to be affected by recent halt of anode ops

Base Metals Market - Thu, 05/09/2019 - 09:40
Guangxi Nanguo Copper’s cathode output is unlikely to be affected by a halt of its copper anode operation line in late April, market sources told Fastmarkets MB on the sidelines of LME Asia Week in Hong Kong this week.
Categories: Metals Industry News

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