Platts Australian alumina assessment closed the week at $310.50/mt FOB, decreasing $1.50/mt from Thursday, weighed by sluggish demand, the higher cost of credit in China, and concerns relating to counter-party risk. The assessment was down ...
Tags: Alumina, Qingdao port
Prices of most of the 12 copper futures on the Shanghai Futures Exchange Friday fell week on week in thinner volumes as market participants adopted a cautious approach following news that Qingdao port had halted shipments of aluminum and ...
Tags: Copper Futures, Qingdao Port
Spot import premiums for London Metal Exchange-registered brands of copper cathode on a CIF China basis have fallen amid thin trade after news Qingdao port had halted shipments of aluminum and copper amid a probe into loan irregularities ...
Tags: import premiums, Copper futures
Chinese aluminum stocks at Shanghai Futures Exchange warehouses fell for the second consecutive week, slipping below 400,000 mt. Aluminum inventories slipped to 398,854 mt Friday, down 1.8% week on week, the latest weekly data from the ...
Tags: Aluminum, aluminum stocks
Spot Asian coking coal prices moved sideways Monday as ominous signals from the Chinese steel industry, nagging concerns about lower costs and abundant supplies hurt trading sentiment. Lower domestic prices continued to be used as a key ...
Tags: coking coal, domestic prices
The Platts Australian alumina assessment fell 50 cents/mt from Friday to $315.50/mt FOB Monday, weighed down by supply overhang, tight cash flows and lack of buyers. Alumina bid/ask levels were around $310-312/mt against $316/mt FOB ...
Tags: alumina, Australian-origin cargoes
Chinese copper prices firmed this week on domestic supply tightness and the State Council's announcement of capital market reforms, industry sources said Tuesday. The most active 1406 copper futures contracts on the Shanghai Futures ...
Tags: Copper Prices, Domestic Supply
Chinese aluminum stocks at Shanghai Futures Exchange warehouses fell 0.5% Wednesday, halting a 14-week upward trend in weekly stock levels, according to data released late Wednesday by the bourse. Aluminum inventories at SHFE warehouses ...
Tags: Aluminum Stocks, Aluminum Futures
The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
China's copper stocks continued to slip for the fourth consecutive week in Shanghai Futures Exchange warehouses. Copper inventories stood at 142,671 mt Friday, down 17% week on week, the latest weekly data from the Chinese bourse showed. ...
Tags: Copper Stocks, copper
Shanghai Futures Exchange (SHFE) launched trading of hot rolled coil (HRC) futures contracts today, March 21, offering another hedging tool for steelmakers amid growing price volatility. The most traded HRC contract for October delivery ...
The Shanghai Futures Exchange is ready to roll out the country's first yuan-denominated crude oil futures, which it hopes will become a benchmark in Asia before gaining global influence. Yang Maijun, the bourse's chairman, said foreign ...
China imported 379,000 mt refined copper in February, down 29% from January but up 27% from February 2013, General Administration of Customs data released Monday showed. Industry analysts Tuesday attributed the month-on-month fall to ...
Copper cathode inventories at China's Shanghai Futures Stock Exchange warehouses rose for the eight straight week to 207,320 mt as of March 7, up 4.6% week on week, according to SHFE data released late Friday. SHFE copper cathode stocks ...
Tags: Copper Cathode, SHFE Warehouses
Shanghai Futures Exchange (SHFE) has announced the holding of mock trading of hot rolled coil (HRC) futures at the SHFE on Friday, March 7. If all goes well, it is thought that trading of HRC futures could be launched at the SHFE by the end ...