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Metals Industry News

LIVE FUTURES REPORT 08/11: SHFE nickel prices slide on profit-taking; copper, zinc dragged lower by demand concerns

Base Metals Market - Wed, 11/08/2017 - 04:45
Base metals traded on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday November 8, with nickel the worst performer as investors closed positions to lock in profits, while copper and zinc were pressured downwards by concerns of soft demand.
Categories: Metals Industry News

ZINC, LEAD MARKET WRAP: What we learned during LME Week

Base Metals Market - Tue, 11/07/2017 - 18:00
What follows is a selection of the coverage and market chatter from the zinc and lead market team at Metal Bulletin from the past week.
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LIVE FUTURES REPORT 07/11: Base metals prices close lower; copper falls 2%

Base Metals Market - Tue, 11/07/2017 - 17:49
The three-month copper price on the London Metal Exchange dropped 2% at the close on Tuesday November 7, as the dollar index hit a four-month high to put pressure on prices.
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BRAZIL ALUMINIUM SNAPSHOT: Domestic ingot premiums rise on tighter supply; demand uptick

Base Metals Market - Tue, 11/07/2017 - 17:37
Key data from the Tuesday November 7 pricing session.
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Spot MJP aluminium premiums hold steady

Base Metals Market - Tue, 11/07/2017 - 17:37
Spot cif main Japanese premiums (MJP) were steady this week with some deals heard on the lower end of the range.
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ARABAL 2017: Chinese growth rate drop could slow domestic aluminium consumption – AZ China’s Adkins

Base Metals Market - Tue, 11/07/2017 - 16:15
A continuation in the slowing of Chinese GDP growth rates could well impact domestic consumption of aluminium, AZ China’s Paul Adkins told delegates at the Arabal conference in Oman.
Categories: Metals Industry News

FOCUS: Winter alumina capacity cuts boost Chinese imports in Q3; market questions sustainability

Base Metals Market - Tue, 11/07/2017 - 16:00
Chinese alumina imports soared in the third quarter of this year as smelters were eager to stockpile sufficient raw materials ahead of planned capacity cuts in northern China.
Categories: Metals Industry News

ARABAL 2017: New US aluminium import duties 'don't make sense' – Alba's Murray

Base Metals Market - Tue, 11/07/2017 - 14:55
The introduction of duties on aluminium imported into the US, as part of the Section 232 investigation into the effect of aluminium imports on national security, wouldn't make sense, Aluminium Bahrain CEO Tim Murray told delegates at the Arabal conference in Oman.
Categories: Metals Industry News

ARABAL 2017: Growth in Indian market will absorb impending large-scale aluminium production increases – GCC producers

Base Metals Market - Tue, 11/07/2017 - 14:51
Growth in domestic Indian demand for aluminium will largely absorb the impact of the huge increases to production planned over the coming years at producers such as Vedanta, the heads of the Gulf Co-operation Council (GCC) smelters told delegates at the Arabal conference in Oman.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/11: Comex copper prices erase Monday’s gains

Base Metals Market - Tue, 11/07/2017 - 14:48
Comex copper prices collapsed in the morning on Tuesday November 7 in the US amid a bout of profit-taking following a fresh high set on Monday.
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NORTH AMERICAN MORNING BRIEF 07/11: Rusal interview; tungsten price outlook; chrome market under pressure

Base Metals Market - Tue, 11/07/2017 - 12:00
The latest metal markets news and price moves to start the North American day on Tuesday November 7.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/11: LME base metals under pressure from strengthening dollar

Base Metals Market - Tue, 11/07/2017 - 10:11
Base metals prices on the London Metal Exchange dipped lower in the morning on Tuesday November 7, which traders mainly attributed to the strengthening dollar.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 07/11: Copper, aluminium, zinc, nickel

Base Metals Market - Tue, 11/07/2017 - 09:52
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday November 7*
Categories: Metals Industry News

METALS MORNING VIEW 07/11: Base metals may remain well bid

Base Metals Market - Tue, 11/07/2017 - 09:05
Base metals traded on the London Metal Exchange witnessed marginal profit-taking this morning, Tuesday November 7, with the complex down by an average of 0.4%.
Categories: Metals Industry News

Spot MJP aluminium premiums hold steady [amended]

Base Metals Market - Tue, 11/07/2017 - 07:30
Spot cif main Japanese premiums (MJP) were steady this week with some deals heard on the lower end of the range.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 07/11: SHFE nickel prices weaken; Rusal CEO interview; US steel plate prices drop

Base Metals Market - Tue, 11/07/2017 - 05:30
Good morning from Metal Bulletin’s office in Shanghai, bringing the key news and market stories on Tuesday November 7.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/11: SHFE base metals mostly lower; nickel slips on profit-taking

Base Metals Market - Tue, 11/07/2017 - 03:55
Base metal prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Tuesday November 7, with nickel succumbing to profit-taking after its climb in the previous session.
Categories: Metals Industry News

INTERVIEW: Closed aluminium smelting capacity in China unlikely to restart, UC Rusal CEO says

Base Metals Market - Tue, 11/07/2017 - 02:00
Aluminium smelting capacity shut or set to close due to Chinese government policies is unlikely to restart, according to the chief executive officer (CEO) of UC Rusal.
Categories: Metals Industry News

COPPER MARKET WRAP: What we learned during LME Week

Base Metals Market - Mon, 11/06/2017 - 18:04
LME Week in London this year was characterized by distinctly bullish sentiment toward copper prices and the metals industry in general.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/11: LME nickel continues to lead the pack; copper strengthening

Base Metals Market - Mon, 11/06/2017 - 18:01
Nickel prices on the London Metal Exchange closed in positive territory again today, Monday November 6, as the metal continues to push towards the $13,000 per tonne level.
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