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Base metals prices on the Shanghai Futures Exchange were broadly down during morning trading on Monday September 9 with weak data from the United States and China last week weighing on the complex. US job growth slowed more than expected in August, with data released on Friday showing total non-farm employment rising by 130,000 –…
DetailsAs of September 1, the Beltrame Group has appointed Mr Alain Creteur as the new Managing Director of Stahl Gerlafingen. He takes over all offices and functions of René Bollier. He has led Stahl Gerlafingen interim for the past 18 months as Managing Director. Mr Alain Creteur is 49 years old, of Italian-Belgian descent and…
DetailsHere are five Fastmarkets MB stories you might have missed on Friday September 6 that are worth another look. There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode…
DetailsThe export price of Brazil-origin slab increased this week amid renewed deals to the United States’ West Coast, market participants told Fastmarkets. Fastmarkets assessed steel slab export, fob main port Brazil at $430-450 per tonne on Friday September 6, up from $425-435 per tonne fob the previous week. A revival in demand from US slab…
DetailsThere was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode at higher levels than in recent weeks due to improving market fundamentals. The higher offers and deals for copper…
DetailsThe three-month nickel price on the London Metal Exchange was lower during morning trading on Friday September 6, with upward momentum tempered by a fresh inflow of some 1,100 tonnes, while copper futures continued to find support above the $5,800-per-tonne support level. Recently trading at around $17,405 per tonne, nickel futures remain in a downtrend…
DetailsThe China Securities Regulatory Commission (CSRC) has approved the listing of a non-ferrous metals exchange-traded fund (ETF) on the Shenzhen Stock Exchange (SZSE). The Dacheng Fund Nonferrous Metal Futures ETF will track the Shanghai Futures Exchange Non-ferrous Metals Futures Index, SZSE said on Monday September 2. “Investors will have one more tool to defuse investment…
DetailsBarring copper and zinc, base metal stocks at Shanghai Futures Exchange-approved warehouses fell in the week to Friday September 6, with the biggest percentage fall in lead stocks, which tumbled by 16.3% or 5,081 tonnes to 25,998 tonnes. The largest outflow in lead inventories was registered at Zongchu Wuxi’s warehouse in Jiangsu, which delivered out…
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