March 2013

IRON ORE DERIVATIVES WRAP: Swaps prices edge up on increased bids

Iron ore swaps prices edged higher on Monday March 25, as indices posted marginal increases on an uptick in bids.

European aluminium consumers take pause after prices, premiums fall

European aluminium consumers have stopped buying on the spot market as they anticipate further falls in the cost of buying metal, following significant dips in both London Metal Exchange prices and Metal Bulletin’s premiums over recent weeks.

LME OFFICIALS: Base metals prices slip during LME official session

Base metals prices slipped down slightly compared with their opening levels on Monday March 25 during the official session on the London Metal Exchange.

MEIR ON METALS: Markets take Cyprus deals in stride

Analyst Ed Meir looks at what is moving the metal markets on Monday March 25.

LME ASIAN WRAP: Copper prices up after Cyprus bailout deal

Copper prices on the London Metal Exchange were up during early Asian trading hours on Monday March 25 after Cyprus agreed on a $13-billion bailout deal boosting risk appetite.

Demand weakness bites into moly pricing

Molybdenum prices have continued to fall on tepid spot interest, forcing sellers to cut prices in order to move material.

High-carbon FeMn price falls after BlueScope tender

High-carbon ferro-manganese prices have dwindled again as a tender for second-quarter material for North Star BlueScope Steel moved to lower levels.

CHARGE CHROME INDEX: Prices lose a cent as mills remain aggressive

Charge chrome import prices fell in China, as stainless steel mills continued to bid aggressively amid anticipated lower domestic prices.

LME OFFICIALS: Fund short covering boosts nickel prices

Nickel prices advanced in Friday’s official trading on the London Metal Exchange on a fresh wave of short-covering.

IRON ORE DERIVATIVES WRAP: Swaps prices edge higher

The OTC iron ore market saw prices push higher on Friday March 22 on cautious optimism in the physical market.