Base Metal Stocks Articles

SOUTHERN EUROPE REBAR: Domestic prices rise on higher scrap costs

March 14, 2018 / Viral Shah

Prices for rebar produced and delivered in Southern Europe widened upward by ?,?10 per tonne this week amid higher scrap costs, sources told Metal Bulletin on Wednesday March 14.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe widened upward to ?,?525-545 ($649-674) per tonne delivered on Wednesday, compared with ?,?525-535 per tonne delivered one week ago."Domestic s...Read More

Metals prices get some support from Chinese data

14 March 2018 / Staff reporter

Base metals prices on the London Metal Exchange are for the most part consolidating this morning, Wednesday March 14, although copper and lead prices are showing gains of 0.5% and 0.3% respectively, with the former at $6,984 per tonne.Volume has been average with 7,085 lots traded as of 07.06am London time. This follows a day when most prices rebounded on Tuesday, with the complex closing up by an...Read More

NORTH AMERICAN MORNING BRIEF 14/03: New lead cancellations in Antwerp; China's Ali production down; DMKD misses steel billet output target

March 14, 2018 / Julian Luk

The latest metal markets news and price moves to start the North American day on Wednesday March 14. Base metals prices on the London Metal Exchange were higher across the board this morning, following better-than-expected data releases from China. The base metals are building on Monday's rally with nickel hitting above $14,020 per tonne for the first time in March, while copper recovered back abo...Read More

SMM Evening Comments (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Following the release of China’s upbeat economic data, most base metals registered a rise today. SHFE aluminum rose close to 1%, while tin dipped close to 1%. Copper, nickel, zinc inched up.The ferrous complex rose across the board, as coking coal led with a gain of 2.7%. Iron ore jumped over 2%. Coke and hot-rolled coil went up about 1%, while rebar increased...Read More

SMM Evening Comments (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Following the release of China’s upbeat economic data, most base metals registered a rise today. SHFE aluminum rose close to 1%, while tin dipped close to 1%. Copper, nickel, zinc inched up.The ferrous complex rose across the board, as coking coal led with a gain of 2.7%. Iron ore jumped over 2%. Coke and hot-rolled coil went up about 1%, while rebar increased...Read More

SMM Evening Comments (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Following the release of China’s upbeat economic data, most base metals registered a rise today. SHFE aluminum rose close to 1%, while tin dipped close to 1%. Copper, nickel, zinc inched up.The ferrous complex rose across the board, as coking coal led with a gain of 2.7%. Iron ore jumped over 2%. Coke and hot-rolled coil went up about 1%, while rebar increased...Read More

Tech Talk for Wednesday March 14th 2018

14/03/2018 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the February Producer Price Index was an increase of 0.2% versus a gain of 0.4% in January. Actual was an increase of 0.2%. Excluding food and energy, consensus for the February Producer...Read More

EUROPEAN MORNING BRIEF 14/03: SHFE base metals prices mostly higher; Shanghai copper premiums soften; EC investigating whether UK taxes commodities trades adequately

March 14, 2018 / Anna Xu

Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Wednesday March 14.Base metals traded on the Shanghai Futures Exchange were mostly higher during Asian morning trading on Wednesday, underpinned by a weaker dollar and healthy data releases from China.Tin was the only metal to weaken so far this morning, while the rest of complex pushed hig...Read More

Base metals rebound on upbeat economic data for Jan, Feb

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Nonferrous and ferrous metals in the Shanghai market rebounded across the board and remained firm on the morning of Wednesday March 14 as data on China's economy in January and February were released, SMM found. The National Bureau of Statistics (NBS) released the report on China's economy for the first two months in 2018.Vice president of Zhongda Future...Read More

Base metals rebound on upbeat economic data for Jan, Feb

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Nonferrous and ferrous metals in the Shanghai market rebounded across the board and remained firm on the morning of Wednesday March 14 as data on China's economy in January and February were released, SMM found. The National Bureau of Statistics (NBS) released the report on China's economy for the first two months in 2018.Vice president of Zhongda Future...Read More

Base metals rebound on upbeat economic data for Jan, Feb

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Nonferrous and ferrous metals in the Shanghai market rebounded across the board and remained firm on the morning of Wednesday March 14 as data on China's economy in January and February were released, SMM found. The National Bureau of Statistics (NBS) released the report on China's economy for the first two months in 2018.Vice president of Zhongda Future...Read More

Macro Roundup (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightFollowing the departure of US Secretary of State Rex Tillerson from the White House, the US dollar index touched a five-day low of 89.58 and then hovered around 89.6, while most base metals climbed up. SHFE aluminium and tin edged down slightly. LME zinc led with a rise of...Read More

Snapshot: Nickel spot market in Shanghai

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Norilsk nickel in the Shanghai market was offered at a discount of 500 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on the morning of Wednesday March 14, while Jinchuan remained flat at 103,700 yuan/mt, SMM learned.As nickel prices rose, traders sold actively while downstream customers held back. Overall trading was thin, and trades were heard...Read More

Macro Roundup (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightFollowing the departure of US Secretary of State Rex Tillerson from the White House, the US dollar index touched a five-day low of 89.58 and then hovered around 89.6, while most base metals climbed up. SHFE aluminium and tin edged down slightly. LME zinc led with a rise of...Read More

SMM Morning Comments (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) –Copper: LME copper inched up and hit a high of $6,959/mt last night. SHFE copper also rose and touched a high of 52,140 yuan/mt overnight. The strong US Consumer Price Index (CPI) and a weak US dollar are likely to support prices. We see SHFE copper trading at 51,000-54,000 yuan/mt. In the physical market, spot prices are likely to trade at a premium of 20-80 yua...Read More

Macro Roundup (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightFollowing the departure of US Secretary of State Rex Tillerson from the White House, the US dollar index touched a five-day low of 89.58 and then hovered around 89.6, while most base metals climbed up. SHFE aluminium and tin edged down slightly. LME zinc led with a rise of...Read More

SMM Morning Comments (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) –Copper: LME copper inched up and hit a high of $6,959/mt last night. SHFE copper also rose and touched a high of 52,140 yuan/mt overnight. The strong US Consumer Price Index (CPI) and a weak US dollar are likely to support prices. We see SHFE copper trading at 51,000-54,000 yuan/mt. In the physical market, spot prices are likely to trade at a premium of 20-80 yua...Read More

SMM Morning Comments (Mar 14)

Mar 14 2018 / Staff reporter

SHANGHAI, Mar 14 (SMM) –Copper: LME copper inched up and hit a high of $6,959/mt last night. SHFE copper also rose and touched a high of 52,140 yuan/mt overnight. The strong US Consumer Price Index (CPI) and a weak US dollar are likely to support prices. We see SHFE copper trading at 51,000-54,000 yuan/mt. In the physical market, spot prices are likely to trade at a premium of 20-80 yua...Read More

GLOBAL COPPER WRAP: Shanghai cathode premiums soften on widening import losses; Italian levels rise

March 14, 2018 / Archie Hunter

Copper cathode premiums softened in Shanghai over the past week, but strengthened in the Italian market. Meanwhile, the US market traded sideways, with market participants there expecting an upward move in the near term. Shanghai cif premiums soften as arbitrage diminishes Upside seen in Southeast Asia US market trades sideways; near-term rise eyed Italian premium ticks higher, rest of Europe flat...Read More

LIVE FUTURES REPORT 14/03: LME copper continues recovery; zinc closes 2% lower on NOLA stock increase

March 14, 2018 / Alice Mason

Base metals prices on the London Metal Exchange were on divergent paths at the close on Wednesday March 14, with copper leading the gains. The three-month zinc price was the worst affected today because prices were over 2% lower at the close - fresh deliveries into LME-listed warehouses in New Orleans put pressure on prices. "Zinc is down on account of another 10,000 tonne increase in LME stock ho...Read More

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