A rally in iron ore prices at the end of last week, spurred by an unexpected cut in Chinese interest rates, has failed to provide any real boost to the faltering price of the raw material.

An escalation in the United States’ trade war with China, with another $200 billion of Chinese goods now potentially facing tariffs, has rattled base metals prices during early trading on Wednesday July 11.

Following market consultation, Steel First has decided to change the pricing basis for its weekly Russian domestic rebar, hot rolled and cold rolled prices from ex-works (exw) to carriage paid to (cpt), including VAT.

Turkish mills resumed their deep-sea purchases with slightly higher prices during the working week from Monday May 22 to Friday May 26, while other markets were comparatively stable, Metal Bulletin has learnt.

Progress in US-China trade negotiations over the weekend helped push up base metals prices on the London Metal Exchange in early morning trading on Monday April 8.

The London Metal Exchange three-month base metals prices are generally subdued this morning, averaging up 0.2% while trading volume is considerably lower at 5,790 lots as of 06:23am London time on Tuesday April 9.

Three-month base metals prices on the London Metal Exchange were up across the board on Friday December 7, with average gains of 0.6%. But trading remained choppy while market participants await greater direction.

Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne.

Disappointing Chinese economic data has weighed on the three-month base metals prices on the London Metal Exchange this morning, Friday December 14, with all the metals in negative territory and showing average losses of 0.4%.

Base metals traded on the London Metal Exchange are for the most part weaker this morning, Monday March 5, with the complex down by an average of 0.4%.