December 2016

UK light iron prices flat again as market winds down

Weekly prices for grade-5C scrap in the UK remained stable on Friday December 16 as market activity reduced ahead of the Christmas holiday period.

FOCUS: European copper premiums slump ahead of 2017 as high prices draw out supply

Copper cathode premiums have dropped in December with scrap and lower grade copper “flooding the market”, sources told Metal Bulletin.

MB NON-FERROUS PRICE CHANGES 16/12: Noble alloys, bulk alloys & ores

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday December 16:

DAILY SCRAP REPORT: Turkish mills expected to book more scrap before Christmas

The Turkish scrap import market went quiet again on Friday December 16 after several European cargoes earlier this week.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 16/12

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday December 16:

Taiwan’s import prices for scrap hit $255 per tonne cfr again

Import prices for containerised HMS-grade ferrous scrap in Taiwan rose to a seven-month high this week with supply from the USA still tight and offers from Japan seen as “not workable” for buyers in the island.

DAILY SCRAP REPORT: Indices continue to climb with another booking from Europe

Turkish scrap import prices continued to increase with news of a fresh European cargo being sold into the region on Thursday December 15.

Chinese primary aluminium output up 3.8% y-o-y in November

China’s primary aluminium output rose 3.8% year-on-year to 2.8 million tonnes in November, according to statistics released by the country’s National Bureau of Statistics on Wednesday December 15.

DAILY SCRAP REPORT: Market awaits second wave of Turkish buying activity

The Turkish scrap market was quiet on Wednesday December 14 in anticipation of a second flurry of buying activity.