July 2012

FEATURE: Are iron ore prices nearing their bottom?

China’s imported iron ore market is experiencing a plunge following the recent free-fall of steel prices.

Shanghai copper prices down 3% on the week amid eurozone worries

Shanghai Futures Exchange copper prices fell by 3% this week on pale China demand and lingering concerns over the eurozone outlook.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

Twitch prices fall despite tight supply in North America

Twitch prices in North America have dropped a penny despite a tightness in supply of shredded auto scrap forcing one producer to cancel shipments, while aluminium scrap traders continue to report quiet market activity as London Metal Exchange prices remain in a lull.

North American aluminium billet producers plan to book more spot

US-Aluminium billet producers plan to sell less material on contract than usual in 2013, sources told Metal Bulletin sister publication AMM Thursday.

IRON ORE DERIVATIVES WRAP: Prices defy index drops as buying surges

OTC iron ore swaps prices rose slightly on Thursday July 26 as some of the big financial participants adjusted positions, brokers told Metal Bulletin.

Rotterdam nickel premiums lower as uncut deals increase

Nickel premiums for London Metal Exchange nickel fell on Thursday July 26 in Europe, as market participants reported a higher number of deals for the cheapest form of the metal.

CLOSE TO CLOSE: Base metals prices slide in LME kerb trading

Base metals prices began to drift back towards their opening levels during the kerb session on Thursday July 25 on the London Metal Exchange, in a day of range-bound trading and further negative macroeconomic news.

Shanghai copper prices fall for a fourth day

Shanghai Futures Exchange copper prices slid downward for a fourth day on Thursday July 26, but losses were mitigated by some positive news from the eurozone.

LME OFFICIALS: Base metals prices tick up; remain range-bound

Base metals prices shifted upwards slightly during official trading on the London Metal Exchange on Thursday July 26, but were generally rangebound as macroeconomic news continues to direct the market.