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Metals Industry News

LIVE FUTURES REPORT 04/10: LME aluminium price rally continues, base metals complex follows

Base Metals Market - Thu, 10/04/2018 - 11:49
Base metals prices on the London Metal Exchange were collectively higher during morning trading on Thursday October 4, with aluminium’s price rally continuing after Norsk Hydro announced a full suspension of operations at its Alunorte alumina refinery in Brazil.
Categories: Metals Industry News

ALUMINIUM ARB INDICATOR: Window narrows but participants still see opportunity

Base Metals Market - Thu, 10/04/2018 - 10:32
The aluminium import arbitrage between the United States and Asia narrowed on Wednesday October 3 due to a weaker London Metal Exchange price and a softer P1020 US Midwest delivered premium.
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METALS MORNING VIEW 04/10: Metals prices tread water while higher US yields trouble wider markets

Base Metals Market - Thu, 10/04/2018 - 08:50
Three-month base metals prices on the London Metal Exchange were for the most part weaker during morning trading on Thursday October 4.
Categories: Metals Industry News

East Asian stainless steel market quiet amid Chinese holiday

Base Metals Market - Thu, 10/04/2018 - 06:56
Import prices for stainless steel in East Asia were unchanged over the past week, ending a month’s worth of decline, with trading activity slowing down due to China's National Day break.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 04/10: LME base metals prices rebound; Asian zinc premiums stay elevated; Largo reaches new V2O5 output heights

Base Metals Market - Thu, 10/04/2018 - 05:30
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Thursday October 4.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/10: LME base metals prices rebound on positive US data; Al boosted by Alunorte suspension

Base Metals Market - Thu, 10/04/2018 - 05:05
Three-month base metals prices on the London Metal Exchange were broadly up during early trading on Thursday October 4 following the release of positive economic data from the United States overnight.
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GLOBAL ZINC & LEAD WRAP: Indian lead premiums rise on Iranian supply woes; zinc rates stay high in Asia

Base Metals Market - Thu, 10/04/2018 - 04:25
Premiums for zinc remained high in Asia over the past week, with elevated rates in China drawing units from elsewhere in the region as well as from Europe and the United States. In lead, Indian premiums received a boost with Iranian material once again absent from the spot market.
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GLOBAL NICKEL WRAP: European cut cathode premiums continue rise

Base Metals Market - Wed, 10/03/2018 - 20:12
Long queues, expensive financing rates and strong demand continued to push premiums for cut nickel cathodes higher in Europe, while US nickel premiums continued to flat-line in the absence of spot-market demand.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/10: LME ali price rally continues, up 4.5% on Alunorte closure; lead falls 2%

Base Metals Market - Wed, 10/03/2018 - 17:55
The prices of base metals on the London Metal Exchange were mixed at the close of trading on Wednesday October 3, with aluminium’s three-month price up more than 4% amid a full closure of Norsk Hydro’s alumina operations in Brazil, while lead struggled against trade woes.
Categories: Metals Industry News

Chinese broker Nanhua Futures targets category II LME membership in London debut

Base Metals Market - Wed, 10/03/2018 - 17:40
Chinese futures brokerage firm Nanhua Futures has taken steps to attain category II clearing membership on the London Metal Exchange, with a particular focus on trading LME warrants, Fastmarkets understands.
Categories: Metals Industry News

GLOBAL TIN WRAP: European, US premiums firm on ample supply; market awaits LME Week

Base Metals Market - Wed, 10/03/2018 - 15:36
Tin premiums across Europe and the United States were flat in the week to Tuesday October 2, with supply flows from Indonesia and other producing countries remaining steady amid a slowdown in business while the market awaits the start of LME Week 2018.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/10: Comex copper price seeks direction in midweek session

Base Metals Market - Wed, 10/03/2018 - 15:04
Comex copper prices were little changed in morning trading on Wednesday October 3 with the market seeking fresh catalysts before setting a new direction.
Categories: Metals Industry News

GLOBAL COPPER WRAP: European spot premium rises on higher 2019 supply offer, spot-contract gap widens; Asian copper stock plunges

Base Metals Market - Wed, 10/03/2018 - 12:36
The Rotterdam spot copper premium rose slightly on Tuesday October 2 after major producers Codelco and Aurubis both raised their annual contract offers to European clients due to expected tightness in supply.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/10: LME aluminium price soars 3% amid Alunorte shutdown; rest of complex consolidates lower

Base Metals Market - Wed, 10/03/2018 - 11:11
Base metals prices on the London Metal Exchange were for the most part lower during morning trading on Wednesday October 3, with the exception of aluminium, which climbed more than 3% following news of a shutdown in operations at Norsk Hydro’s Alunorte alumina refinery in Brazil.
Categories: Metals Industry News

Hydro’s Alunorte temporarily shuts down 100% of operations

Base Metals Market - Wed, 10/03/2018 - 09:50
Hydro is preparing for a full curtailment of operations at its alumina refinery in Brazil, the company announced today.
Categories: Metals Industry News

South Korea’s PPS seeks 2,000 tonnes of zinc

Base Metals Market - Wed, 10/03/2018 - 09:27
South Korea’s Public Procurement Service (PPS) is seeking to procure a total of 2,000 tonnes of special high-grade zinc via two tenders, according to a notice posted on the state-owned stockpiling agency’s website on Tuesday October 2.
Categories: Metals Industry News

METALS MORNING VIEW 03/10: Most metals prices finding support

Base Metals Market - Wed, 10/03/2018 - 08:45
Three-month base metals prices on the London Metal Exchange were for the most part firmer during morning trading on Wednesday October 3.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 03/10: LME nickel edges up, rest weaker; zinc TCs hit 2.5-year high; global aluminium premiums soften

Base Metals Market - Wed, 10/03/2018 - 05:05
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday October 3.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/10: Firm dollar, fears of slowing Chinese economy pressure LME base metals prices downward; nickel bucks the trend

Base Metals Market - Wed, 10/03/2018 - 04:43
Most three-month base metals prices on the London Metal Exchange maintained their downward trajectory during early trading on Wednesday October 3, with recent weak Chinese economic data and a strong dollar dampening risk-on sentiment.
Categories: Metals Industry News

Zinc TCs soar to 2.5-year highs despite new mine delivery delays, lead terms also bounce

Base Metals Market - Wed, 10/03/2018 - 03:42
Zinc concentrate treatment charges (TCs) have climbed to their highest level in two and a half years, with spot parcels trading at terms well above $100 per tonne in September.
Categories: Metals Industry News

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