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Metals Industry News

GLOBAL ZINC & LEAD WRAP: Northern European zinc premiums soften; Asian markets flat

Base Metals Market - Wed, 07/03/2019 - 10:53
Zinc premiums in Northern Europe narrowed downward in the week to Tuesday July 2 amid more active spot trading over the period, while rates in the Southern European zinc market were unchanged.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/07: Dow Jones broadly buoys LME base metals; Cu down 1.3% on inflows [CORRECTED]

Base Metals Market - Wed, 07/03/2019 - 10:15
Base metals traded on the London Metal Exchange made marginal gains during the morning session on July 3, buoyed by the 0.26% rise in the Dow Jones index.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/07: Dow Jones broadly buoys LME base metals; Cu down 1.3% on inflows

Base Metals Market - Wed, 07/03/2019 - 10:15
Base metals traded on the London Metal Exchange made marginal gains during the morning session on July 3, buoyed by the 0.26% rise in the Dow Jones index.
Categories: Metals Industry News

LIVE FUTURES REPORT 03/07: Weakness persists in SHFE base metals; Zn most resilient

Base Metals Market - Wed, 07/03/2019 - 05:25
Base metals prices on the Shanghai Futures Exchange were broadly down during morning trading on Wednesday July 3, with the complex down by an average of 0.8%.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Premiums in US, Brazil dip on weaker demand

Base Metals Market - Wed, 07/03/2019 - 04:44
Global aluminium premiums were mostly steady in the week to Tuesday July 2, except in the Americas where weaker demand pushed premiums lower.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 2

Base Metals Market - Wed, 07/03/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday July 2 that are worth another look.
Categories: Metals Industry News

Lead concentrate TCs rebound while China arb closes, zinc activity wanes

Base Metals Market - Tue, 07/02/2019 - 20:33
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Peñasquito returned to the market after a month-long layoff.
Categories: Metals Industry News

Lead concentrate TCs rebound as China arb closes, zinc activity wanes

Base Metals Market - Tue, 07/02/2019 - 20:33
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Peñasquito returned to the market after a month-long layoff.
Categories: Metals Industry News

‘Easier access to high-quality materials’ under new EU-Mercosur trade deal

Base Metals Market - Tue, 07/02/2019 - 19:29
A deal struck between the European Union and South America’s Mercosur trading group will boost trade between the two blocs in non-ferrous metals and related products, Fastmarkets heard on Tuesday July 2.
Categories: Metals Industry News

LIVE FUTURES REPORT 02/07: LME tin price tumbles 7% to 3-year low on 20% inventory sell-off

Base Metals Market - Tue, 07/02/2019 - 17:50
The London Metal Exchange three-month tin price fell by 7% on Tuesday July 2, spanning an intraday range of $17,585-18,980 per tonne.
Categories: Metals Industry News

Surprise price dive sees tin drop 7% through technical support to 3-yr low

Base Metals Market - Tue, 07/02/2019 - 16:30
Tin futures prices came down by more than $1,200 per tonne in afternoon trading in London on Tuesday July 2, in what traders and analysts described as a technically-led retreat for the metal.
Categories: Metals Industry News

LIVE FUTURES REPORT 02/07: LME tin price sinks 3% in sharp sell-off; nickel nears $12,000/t

Base Metals Market - Tue, 07/02/2019 - 10:08
Tin’s three-month price on the London Metal Exchange was down by around 3% during morning trading on Tuesday July 2, with market participants pondering the metal’s sudden decline against sizeable volumes traded.
Categories: Metals Industry News

MORNING VIEW: Base metals prices consolidate after poor economic data wipes out trade optimism

Base Metals Market - Tue, 07/02/2019 - 08:55
Optimism that the resumption of US-China trade talks meant a trade deal was once again on the agenda led to a relief rally in base metals prices in early trading on Monday July 1, but disappointing manufacturing purchasing managers’ index (PMI) data across most regions has led to the gains being reversed.
Categories: Metals Industry News

LIVE FUTURES REPORT 02/07: SHFE base metals prices slide after weak manufacturing data; nickel down 2.3%

Base Metals Market - Tue, 07/02/2019 - 05:48
Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Tuesday July 2, with a raft of disappointing manufacturing data out across China and Europe dampening the recent positivity stemming from the Group of 20 (G20) summit in Japan over the weekend.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 1

Base Metals Market - Tue, 07/02/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Monday July 1 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/07: LME nickel price falls 3% amid weak Chinese manufacturing data

Base Metals Market - Mon, 07/01/2019 - 18:25
Nickel’s three-month price on the London Metal Exchange was lower at the close of trading on Monday July 1, failing to sustain recent gains while poor data from China’s manufacturing sector damped buying sentiment.
Categories: Metals Industry News

FOCUS: China beats forecast with rising copper in scrap imports despite Cat 7 ban

Base Metals Market - Mon, 07/01/2019 - 17:49
Despite China’s ban of low-quality copper scrap imports since the beginning of 2019, the volume of copper units contained in scrap imports has defied expectations by rising in the first five months of this year.
Categories: Metals Industry News

FOCUS: Technical squeeze cited as cause of 9% jump in LME nickel price in June

Base Metals Market - Mon, 07/01/2019 - 17:35
Nickel market participants cite technical squeezes as the root cause of a 9% increase in nickel prices over June, with Shanghai and London exchange contracts targeted amid slack supply and demand.
Categories: Metals Industry News

Shanghai-bonded Cu, Ni stocks drop in Jun on profitable arbitrage; Zn stocks dip after 7-month rise

Base Metals Market - Mon, 07/01/2019 - 15:28
Copper stocks in Shanghai-bonded warehouses in June were at their lowest since late in January because of better import opportunities in China in May and June, while China’s less refined copper imports in the second quarter dropped after a top importer had less credit issued to it.
Categories: Metals Industry News

PRICING NOTICE: Clarification of some of Fastmarkets’ base metals price names

Base Metals Market - Mon, 07/01/2019 - 15:20
Fastmarkets is standardizing the names of some of its base metals price assessments principally to identify whether they are premiums or all-in prices.
Categories: Metals Industry News

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