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MORNING VIEW: LME base metals prices run into support after Tuesday’s weakness
Base metals prices on the Shanghai Futures Exchange were weaker on Wednesday March 31, while they track the movement of three-month prices on the London Metal Exchange on Tuesday, but LME prices have found support this morning.
March 31, 2021
·
By William Adams
Insights
DAILY STEEL SCRAP: Mills looking to sell more rebar before booking scrap
Turkish deep-sea scrap import prices edged up on Tuesday after firm offers from the Baltic Sea region, although many mills were looking to achieve further rebar sales in the export and domestic markets before purchasing more scrap, sources said on March 30.
March 30, 2021
·
By Cem Turken
Insights
How the London tin market sleepwalked into a once-in-a-lifetime spread squeeze [CORRECTED]
Tin market participants say they saw the record-breaking squeeze coming, but in pandemic-time trading, how does it get back to normal?
March 30, 2021
·
Insights
Teck Resources to ship Red Dog zinc concs to China’s Nanfang this year – sources
Teck Resources has agreed to supply China's largest zinc smelter with zinc concentrates from its Red Dog mine this year, diversifying the market for what is one of the world's biggest exporters of the metal.
March 30, 2021
·
Insights
MEXICAN STEEL FORUM: Ferrous scrap shortage to grow, McKinsey exec says
Mexico will remain a net importer of finished steel and is facing a challenge, with its scrap deficit expected to swell by 2025, a McKinsey & Co executive said.
March 30, 2021
·
By Lisa Gordon
Insights
MORNING VIEW: Base metals prices mixed regionally; cross currents flowing through broader markets
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday’s LME performance.
March 29, 2021
·
By William Adams
Insights
VIETNAM STEEL SCRAP: Buyers turn to deep-sea cargoes amid Japan shortage
Vietnamese buyers have been seeking bulk deep-sea ferrous scrap to make up for a lack of supply from Japan, market sources told Fastmarkets.
March 26, 2021
·
By Paul Lim
Insights
MORNING VIEW: Dip-buying in base metals suggests underlying sentiment remains strong
Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday March 26, suggesting overall sentiment remains bullish while participants see dips as a buying opportunity.
March 26, 2021
·
By William Adams
Insights
Global crude steel output up 4% in February – Worldsteel
Total crude steel output across 64 major producer countries was 150.2 million tonnes in February 2021, down by 8% month on month but up by 4% from February 2020, the World Steel Association (Worldsteel) said on March 23.
March 24, 2021
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By Alice Li
Insights
MORNING VIEW: Metals prices generally weaker, as were broader markets
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange, as well as spot precious metals prices, were mainly weaker this morning, Tuesday March 23, as were broader markets.
March 23, 2021
·
By William Adams
Insights
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