You are here

Metals Industry News

GLOBAL NICKEL WRAP: Global markets mixed; Chinese premiums rise on improved arb

Base Metals Market - Thu, 05/21/2020 - 04:13
Narrower arbitrage losses allowed nickel premiums in China to edge higher in the week ended Tuesday May 19, but a slowdown in economic activity amid the Covid-19 pandemic kept other global premiums in check.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 20

Base Metals Market - Thu, 05/21/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Wednesday May 20 that are worth another look.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Zinc premium falls in US and Taiwan, up in northern Europe

Base Metals Market - Wed, 05/20/2020 - 22:16
The zinc premium in the United States moved for the first time in nine months, hitting a more than three-year low amid slack demand stemming from the Covid-19 pandemic. Zinc premiums in northern Italy, meanwhile, rose after lockdown restrictions eased.
Categories: Metals Industry News

Beer Institute opposes floor for Platts duty-unpaid aluminum premium

Base Metals Market - Wed, 05/20/2020 - 20:54
The Beer Institute has opposed a proposal by S&P Platts to impose a floor for the implied duty-unpaid US Midwest aluminium premium, as well as any changes to its methodology that may alter premiums and impact contracts based on their current methodology.
Categories: Metals Industry News

Beer Institute opposes floor for Platts US Midwest aluminium premium

Base Metals Market - Wed, 05/20/2020 - 20:54
The Beer Institute has opposed a proposal by S&P Platts to impose a floor for the implied duty-unpaid US Midwest aluminium premium, as well as any changes to its methodology that may alter premiums and impact contracts based on their current methodology.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 20/05

Base Metals Market - Wed, 05/20/2020 - 18:26
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 20.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/05: LME copper breaches $5,400/t in 1.6% uptick; China arb narrows

Base Metals Market - Wed, 05/20/2020 - 16:46
The London Metal Exchange three-month copper price closed trading on Wednesday May 20 higher, on optimism of a possible slowing in the coronavirus-related economic downturn and while buying in the LME drove the price up and reduced arbitrage profits.
Categories: Metals Industry News

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

Base Metals Market - Wed, 05/20/2020 - 11:20
The latest forecasts from Fastmarkets’ team of analysts are ready to view.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: MJP spot premium up; rest of global premiums stable

Base Metals Market - Wed, 05/20/2020 - 10:55
Asian spot aluminium premiums divert, with the MJP market edging up on higher deals amid China’s open arbitrage window while the Southeast Asian market went down on lower offers from buyers, yet elsewhere, premiums were stable in a quiet market.
Categories: Metals Industry News

FASTMARKETS MB DAILY PDFs

Base Metals Market - Wed, 05/20/2020 - 10:37
Daily PDFs will be downloadable until Monday May 25. After that, because of the UK’s Spring Bank holiday, the next daily PDF will be downloadable on Wednesday May 27.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premiums slip after hitting 2015 highs, consumption lags elsewhere

Base Metals Market - Wed, 05/20/2020 - 10:18
China remained the focus of global copper cathode trading over the past week, with premiums there rising to the highest level since 2015 before easing on Tuesday. Elsewhere, the market is still waiting for a full return of manufacturing in the United States and major European economies after the Covid-19 lockdowns.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/05: LME aluminium subject to 35kt inflow; tin gains 1.2%

Base Metals Market - Wed, 05/20/2020 - 09:22
The London Metal Exchange three-month aluminium price was once more capped by a significant fresh inflow of material during morning trading on Wednesday May 20, with 35,300 tonnes of metal put back into LME-approved sheds as of 9am.
Categories: Metals Industry News

FOCUS: China’s aluminium import arb window likely to remain open until end of May, analysts say

Base Metals Market - Wed, 05/20/2020 - 08:01
China’s import arbitrage window for aluminium may remain open until the end of May amid expectations of a stronger price performance on the Shanghai Futures Exchange relative to that on the London Metal Exchange, Fastmarkets understands.
Categories: Metals Industry News

PRICING NOTICE: Correction to European nickel briquette premium, in-whs Rotterdam

Base Metals Market - Wed, 05/20/2020 - 03:26
Fastmarkets has corrected its weekly assessment for the nickel briquette premium, in-whs Rotterdam, which was published incorrectly on Tuesday May 19 due to an input error.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 19

Base Metals Market - Wed, 05/20/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 19/05: 26.5kt inflow caps gains in LME aluminium; nickel gains 1.6%

Base Metals Market - Tue, 05/19/2020 - 18:30
Aluminium was the only LME three-month base metals contract to close negatively on Tuesday May 19, with gains in aluminium futures capped by a 26,500-tonne fresh inflow as of 9am.
Categories: Metals Industry News

Demand from China continues to push alumina prices upward

Base Metals Market - Tue, 05/19/2020 - 15:55
Alumina prices on an fob Australia basis continued to climb over the past week with buyers from China happy to pay above market levels to import cargoes, Fastmarkets heard on Tuesday May 19.
Categories: Metals Industry News

Newmont expects Peñasquito production in early June after Covid-19 closure ends

Base Metals Market - Tue, 05/19/2020 - 14:46
Newmont is continuing to ramp up operations at its Peñasquito lead-zinc-silver mine in Zacatecas, Mexico and expects first production in early June.
Categories: Metals Industry News

LIVE FUTURES REPORT 19/05: LME base metals prices consolidate; nickel holds gains

Base Metals Market - Tue, 05/19/2020 - 10:40
Three-month base metals prices on the London Metal Exchange were slightly lower during morning trading on Tuesday May 19, supported by continued market optimism over easing coronavirus restrictions, except nickel which climbed further over the morning.
Categories: Metals Industry News

MORNING VIEW: Broader markets generally buoyant on positive Covid-19 vaccine data, metals prices consolidate

Base Metals Market - Tue, 05/19/2020 - 08:04
Base metals prices are consolidating this morning, Tuesday February 19, following strong performances on Monday, when markets in general reacted to reports that a Covid-19 virus vaccine showed some encouraging results in an early-stage trial.
Categories: Metals Industry News

Pages

Subscribe to Allied Metal Group aggregator - Metals Industry News
Site content copyright © The Allied Metal Group, Inc.