July 2018

NORTH AMERICAN MORNING BRIEF 23/07: LME base metals up on weaker dollar; China HRC prices rebound; spot cobalt price falls

The latest metal markets news and price moves to start the North American day on Monday July 23.

LIVE FUTURES REPORT 23/07: LME base metals prices edge higher on weaker dollar; ali price up on 32kt freshly canceled

Base metals prices on the London Metal Exchange consolidated higher during morning trading on Monday July 23, supported by a slight retreat in the dollar index although ongoing global trade tensions continue to cloud investor sentiment.

SHFE vs LME physical arbitrage 23/07: Copper, aluminium, zinc, nickel [CORRECTED]

The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday July 23*

METALS MORNING VIEW 23/07: Metals prices consolidate after Friday's rebounds

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.5% on the morning of Monday July 23. Gains were ranged between 0.1% for aluminium and 1.2% for zinc, with copper up by 0.3% at $6,172 per tonne.

EUROPEAN MORNING BRIEF 23/07: Softer dollar boosts SHFE base metals; Ali billet wrap; US secondary Ali alloy prices fall

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Monday July 23.

LIVE FUTURES REPORT 23/07: SHFE base metals prices edge up on softer dollar; nickel dips

Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Monday July 23, with the complex drawing support from a weaker dollar following US President Donald Trump’s criticism of global monetary policy and the Federal Reserve at the end of last week.

US aluminium billet upcharge holds at record high

The aluminium billet upcharge in the United States held at an all-time high on Friday July 20, with strong demand easing in line with seasonal expectations against a backdrop of restricted domestic supply.

US secondary aluminium alloy, scrap prices march lower

Secondary aluminium alloys prices in the United States have continued to march lower as continued deterioration in aluminium scrap tags weighs heavily on the market.

US Midwest aluminium premium up; summer weighs on demand

The Midwest aluminium premium has inched up in the United States, with sellers finding less reason to discount off of published premiums while the backwardation on the London Metal Exchange is expected to ease in the coming weeks.

GLOBAL ALUMINIUM BILLET WRAP: Brazilian premium plummets; spot demand quiet globally

The Brazilian spot billet premium dropped 16% versus last month, with spot demand all but dried up in the region. Premiums elsewhere were largely unchanged, with the effect of UC Rusal's exit from the US market already factored into premium levels.