Base Metal Stocks Articles

SHFE vs LME physical arbitrage 19/03: Copper, aluminium, zinc, nickel

March 19, 2018 / Ellie Wang

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 19* Copper -$94.47 (-599.38 yuan) Aluminium -$408.07 (-2,588.93 yuan) Zinc -$104.31 (-661.77 yuan) Nickel -$456.49 (-2,896.13 yuan) *Metal Bulletin calculates the physical...Read More

Brazil's crude steel output up 5.5% in February amid demand rebound

March 19, 2018 / Ana Paula Camargo

Brazilian crude steel output increased by 5.50% year-on-year in February, according to figures released by national steel institute A??o Brasil on Monday March 19.Production totaled 2.71 million tonnes, against 2.57 million tonnes a year before.Brazilian firms produced 1.83 million tonnes of finished steel last month, growth of 7.50% from February 2017's level of 1.70 million tonnes.In the same co...Read More

EC delays decision on Ilva sale until May 23

March 19, 2018 / Maria Tanatar

Competition regulators in the European Union have again postponed a decision on the sale of Italian steelmaker Ilva until May 23 this year, a spokesman for the European Commission (EC) confirmed to Metal Bulletin on Monday March 19.The decision was postponed because the EU authorities must review new commitments submitted on March 15 by the intended purchaser, AM Investco Italy, a consortium led b...Read More

EGYPT STEEL BILLET, REBAR: Prices increase again with strong demand

March 19, 2018 / Serife Durmus

Local rebar and import billet prices in Egypt increased again this week because of strong demand.Beshay Steel began offering rebar at E ?12,996 ($738) per tonne ex-works on Saturday March 17, up from the E ?12,768 per tonne ex-works announced on March 8.The country's...Read More

Semi-finished Steel Products Trade Log, March 19, 2018

March 19, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletUkraine, export, billet,...Read More

Long Steel Products Trade Log, March 19, 2018

March 19, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: RebarRebarEgypt, domestic (Ezz Steel), rebar,...Read More

GLOBAL TUNGSTEN WRAP: APT prices continue to march higher on tightening supply

March 19, 2018 / Anna Xu

Spot prices for ammonium paratungstate (APT) continued to rise in last week's pricing session due to tightening supply in China. APT prices rise on tighter supply, slower Chinese output  Profit-taking prompts fall in ferro-tungsten prices in China  Cash flow pressure weighs on concentrates prices Metal Bulletin's benchmark cif Rotterdam quotation for APT rose to $325-334 per mtu on...Read More

Jupiter announces $185 mln Australian IPO

March 19, 2018 / Janie Davies

Jupiter Mines is pursuing a A$240 million ($185 million) relisting on the Australian Securities Exchange (ASX), the company said on Monday March 19. The miner, which owns Tshipi - South Africa's largest manganese ore producer by export volume, lodged a company prospectus with the ASX today and expects its shares to start trading on April 18. Jupiter said in October 2013 it had been approved to del...Read More

GLOBAL FERRO-SILICON WRAP: Chinese price stabilizes despite slow demand; European market flat on looming Q2 delivery talks

March 19, 2018 / Chris Kavanagh

The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon. Chinese spot market halts downward drift but ample supply may drag in near term  Europe prices stable, awaits second quarter settlements  US market eases, but low stock levels offer support Chinese prices steady Chinese domes...Read More

GLOBAL CHROME WRAP: Charge chrome import prices stand firm while Chinese ferro-chrome slides

March 19, 2018 / Janie Davies

Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More

GLOBAL MANGANESE WRAP: Low-grade ore breaks rally after consumer backlash escalates

March 19, 2018 / Janie Davies

Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids. Low-grade ore prices dip amid aggressive smelter bidsHigh-grade ore prices keep risingSpot silico-manganese prices weaken in ChinaAlloy prices hold in Europe and IndiaUS refined manganese alloys bolstered by shipping issues Mangane...Read More

Brazil's CSN forced into emergency action at iron ore mine's tailing dams

March 19, 2018 / Felipe Peroni

A Brazilian court has ordered iron ore mining company Min?(C)rios Nacional, owned by local steel and iron ore producer Companhia Sider??rgica Nacional (CSN), to take emergency action to ensure the stability of two tailing dams in the country's south-eastern Minas Gerais state.The dams belong to CSN's Fernandinho mining complex, in Rio Acima city. The mine's iron ore output, currently around 18,000...Read More

DAILY SCRAP REPORT: Turkish mills still holding back, wary of 232 fallout

March 19, 2018 / Cem Turken

The Turkish steel mills extended their silence in the deep-sea scrap market on Monday March 19, amid weak rebar demand in the country's export markets.There were rumors of a Baltic Sea cargo sold to a steel mill in the Iskenderun region, but no market participants could confirm such a transaction.Rebar demand in the country's export markets has slowed down significantly, after the Section 232 anno...Read More

TURKEY FERROUS SCRAP: Domestic prices rise on weak lira, firm rebar values

March 19, 2018 / Cem Turken

Turkish domestic scrap prices have continued to rise in line with strong finished steel values and the weakening of the Turkish lira, sources said on Monday March 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey on Monday was TRY1,300-1,520 ($331-387) per tonne delivered, up from last week's TRY1,260-1,420 per tonne.The upward movement in the assessm...Read More

IRON ORE PRICES: Benchmark index falls to $67 per tonne cfr China

March 19, 2018 / Sophie Zhao

Iron ore prices tumbled on Monday March 19 following big losses in China's steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $67.45 per tonne cfr QingdaoDaily change: down by $2.39 per tonneMonth-to-date average: $73.13 per tonneMetal Bulletin's 58% Fe Premium Index Today: $54.58 per tonne cfr QingdaoDaily change: down by $2.33 per...Read More

COKING COAL DAILY: Recent transactions show strength in market

March 19, 2018 / Sophie Zhao

The seaborne coking coal market continued to show signs of strengthening at the start of the week, with sellers holding on to their cargoes after prices picked up last week.An April-laycan cargo of premium mid-vol hard coking coal was traded at $218 per tonne fob Australia to the ex-China market, sources told Metal Bulletin on Monday March 19. "We are still watching where the market is headed now,...Read More

Steelmaking Raw Materials Trade Log, March 19, 2018

March 19, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto,...Read More

Seaborne iron ore prices weaken further amid steel, futures losses

March 19, 2018 / July Zhang

Seaborne iron ore prices continued to fall toward the $65-per-tonne-cfr-China mark on Monday March 19 amid heavy losses in China's steel and futures markets.Key driversChina's ferrous futures tumbled across the board again, with the benchmark iron ore contract recording the biggest loss in percentage terms - 4.5% - compared with last Friday's settlement price.The country's spot rebar and hot-rolle...Read More

Taiwan's ferrous scrap imports up 11% in January

March 19, 2018 / Paul Lim

Taiwan saw its ferrous scrap imports rise 11.4% year on year in January, according to the territory's customs agency.The island imported 237,206 tonnes of ferrous scrap during that month, 24,282 tonnes higher than the 212,924 tonnes it took in a year earlier, data from its Customs Administration showed.January's imports are just slightly higher than the...Read More

GLOBAL SILICON WRAP: Chinese silicon prices dip on sluggish demand; European prices mixed

March 19, 2018 / Susan Zou

Silicon prices in China moved down over the past week on reduced demand, while European prices were mixed.Chinese silicon export prices dropped due to sluggish demand after Japanese buying appetites waned.The Chinese grade 553 silicon export price fell 1.2% to $1,980-2,030 per tonne on Friday March 16 from $2,010-2,050 per tonne a week earlier.Despite low operational rates for grade 553 silicon pr...Read More

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