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Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 31

Base Metals Market - Fri, 02/01/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Thursday January 31 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 31/01: LME base metals tick higher on positive trade sentiment; copper closes above $6,100

Base Metals Market - Thu, 01/31/2019 - 18:58
Base metals prices on the London Metal Exchange were collectively higher day on day at the close of trading on Thursday January 31, with a softer US dollar and improved trade sentiment supporting commodity investment.
Categories: Metals Industry News

LIVE FUTURES REPORT 31/01: Comex copper extends rally, US stocks up

Base Metals Market - Thu, 01/31/2019 - 15:36
Comex copper prices moved higher on Thursday morning in the United States, with an improving macroeconomic backdrop lifting the entire base metals complex.
Categories: Metals Industry News

LIVE FUTURES REPORT 31/01: LME zinc price breaches $2,700/t in high-volume trading

Base Metals Market - Thu, 01/31/2019 - 11:51
Zinc gained more than 1% in morning trading on the London Metal Exchange on Thursday January 31, breaching technical support at its 100 DMA for the first time since July 2018 amid continued stock drawdowns and cancelations.
Categories: Metals Industry News

FOCUS: Zinc’s 2019 price prospects hinge on Chinese smelting bottleneck

Base Metals Market - Thu, 01/31/2019 - 11:20
In Zhuzhou - former home of China’s top zinc smelter - the skies aren’t exactly blue, but they’re starting to clear up.
Categories: Metals Industry News

Trade log January 2019: Nickel sulfate

Base Metals Market - Thu, 01/31/2019 - 10:10
Trade log for nickel sulfate in China including transactions, bids and offers reported to Fastmarkets MB.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 31/01: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 01/31/2019 - 09:52
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday January 31 *
Categories: Metals Industry News

METALS MORNING VIEW 31/01: Metals’ price rallies gain momentum

Base Metals Market - Thu, 01/31/2019 - 09:25
A dovish US Federal Reserve stance, a weaker dollar and a firmer Chinese yuan, which may indicate confidence in US-China trade talks, are all helping to underpin the three-month base metals prices on the London Metal Exchange this morning, Thursday January 31.
Categories: Metals Industry News

CHINA NICKEL BRIQUETTE SNAPSHOT: Premium rises in line with higher long-term contract prices

Base Metals Market - Thu, 01/31/2019 - 07:42
Key data from the Tuesday January 29 pricing session in Shanghai.
Categories: Metals Industry News

East Asian stainless steel prices strengthen further on nickel surge

Base Metals Market - Thu, 01/31/2019 - 05:30
Import prices for stainless steel in East Asia increased again over the past week, with mills continuing to raise their offers amid costlier nickel, although trading activity was slow because of the upcoming Lunar New Year.
Categories: Metals Industry News

China’s domestic stainless steel prices flat amid inactivity

Base Metals Market - Thu, 01/31/2019 - 04:51
China’s domestic stainless steel prices held steady for a fifth week amid thin trading ahead of the Chinese New Year.
Categories: Metals Industry News

LIVE FUTURES REPORT 31/01: SHFE base metals prices broadly push up on weak US dollar, easing trade tensions

Base Metals Market - Thu, 01/31/2019 - 04:50
Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Thursday January 31, supported by easing trade tensions and a softer dollar.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 30

Base Metals Market - Thu, 01/31/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday January 30 that are worth another look.
Categories: Metals Industry News

PEOPLE MOVES: MKM CEO Harings to take reins at Aurubis

Base Metals Market - Wed, 01/30/2019 - 18:50
Roland Harings will take up the role of chief executive officer of German copper giant Aurubis in July 2019, the company said on Wednesday January 30.
Categories: Metals Industry News

LIVE FUTURES REPORT 30/01: LME nickel price continues higher; copper breaches $6,100/t

Base Metals Market - Wed, 01/30/2019 - 17:55
Nickel closed higher on the London Metal Exchange on Wednesday January 30 after peaking at an intraday high of $12,455 per tonne, its highest since October.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Flat premiums in illiquid European market; China prepares for Lunar New Year holiday

Base Metals Market - Wed, 01/30/2019 - 17:53
Nickel premiums in all regions assessed by Fastmarkets were stable week on week on Tuesday January 29 in quiet trading conditions relating to macroeconomic uncertainty as well as market participants retreating for Lunar New Year.
Categories: Metals Industry News

GLOBAL TIN WRAP: European premiums fall from September 2016-high; US, Chinese premiums flat

Base Metals Market - Wed, 01/30/2019 - 16:30
The European tin premium dropped by $35 on the midpoint in the week ended Tuesday January 29 following a 1,000 tonne delivery to London Metal Exchange sheds, while other regional premiums were unchanged week on week in quiet markets.
Categories: Metals Industry News

Daye Nonferrous VP Tim Li leaves for Anglo American; Jube Wang takes up role

Base Metals Market - Wed, 01/30/2019 - 16:21
Tim Li, vice president of Daye Nonferrous, will leave his position at the major Chinese copper smelter, Fastmarkets has learned.
Categories: Metals Industry News

NORNICKEL AT A GLANCE: 2018 full-year production results

Base Metals Market - Wed, 01/30/2019 - 14:00
A summary of Nornickel's production results for the year ended December 31, 2018
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Italian zinc premiums rise on low stocks; Indian lead premiums soften

Base Metals Market - Wed, 01/30/2019 - 12:09
Zinc premiums in most regions were unchanged week-on-week amid sluggish demand, but a recovery was seen in the Italian market as low stocks buoyed prices ahead of the arrival of new shipments. Meanwhile, Indian lead premiums dipped on the futures price uptick on the London Metal Exchange (LME).
Categories: Metals Industry News

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