European duty-paid aluminium premiums moved up to $180 per tonne on the low end on Friday January 27, as the impact of various shutdowns continues to cast its shadow.
Ferro-vanadium prices rose for the first time in five months on Friday January 27 as long-term contracted business removed spot material from the market and China remained closed.
Finnish stainless steelmaker Outokumpu is still talking to Germany’s ThyssenKrupp and labour representatives there over a potential tie-up between Outokumpu and Thyssen’s stainless steel arm, Inoxum, it confirmed on Friday January 27.
Metal Bulletin’s Daily Ferrous Scrap Index plunged further on Friday January 27, to $437.44 per tonne cfr Iskenderun for HMS 1&2 (80:20), down from $447 the previous day.
London Metal Exchange week could provide a barometer for the physical market’s interest in the new LMEswaps contracts, Catherine Markey, the exchange’s head of education and marketing, told Metal Bulletin.
Raising fees could imperil LME date structure: a broker writes
The London Metal Exchange plans to introduce a fee for client trades from March. The proposal has aroused some opposition, and prompted one broker to write to Metal Bulletin, requesting anonymity. Here he outlines his concerns. How justified are they? Email aharrison@metalbulletin.com, or tweet @aharrison_mb
COMMENT: An exciting start to the year, especially for Glencore's Blumgart
The third week of calendar year 2012 went off frantically as far the metal markets go.
COMMENT: A robust week at the London Metal Exchange
“It’s not exactly a tea party.” This was how London Metal Exchange chief executive Martin Abbott characterised the uproar over the new fees on client contracts that the board approved late last year.
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Minor Metals Conference Date: 14 Feb 12 - 15 Feb 12
2nd Middle East Steel Tube & Pipe 2012 Date: 22 Feb 12 - 23 Feb 12
China Iron Ore 2012 Date: 27 Feb 12 - 29 Feb 12