lme

Launched a year ago and with users in Europe, North America and Asia, more than 450 000 tonnes has been traded on the contract thus far in 2016 - including 147 000 tonnes in October alone. Steel...
UK government officials have argued that legislation banning cash payments for scrap metal is ‘proving to be effective’. Extensive media coverage, combined with low scrap prices and a ban...
LME copper rallied from US$ 4700 to US$ 5800 per tonne in a very short space of time while lead and zinc recorded, respectively, five- and nine-year highs before undergoing corrections. According to...
Although high levels of volatility have dominated the nickel market in recent weeks, stainless steel scrap values are contained within the same ranges quoted in our previous report - that is, US$...
During the course of September, many of the major ferrous scrap buying markets have lowered their order volumes and, to a significant extent, their prices too. Latest cfr price indications for...
Over the last couple of months, LME nickel has been ranging from around US$ 9650 to US$ 10 800 per tonne, with gains attributed mainly to the proposed nickel mine closures in the Philippines - which...
On August 17, meanwhile, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) in China confirmed that it will no longer designate a certain agency for the pre-shipment...
While nickel has been tracing its various ups and downs during the course of September, scrap prices have remained relatively stable. As the month draws to a close, buying price ranges for 304 and...
The UK secondary aluminium sector, meanwhile, has struggled with the decline in the value of sterling which has followed the nation’s decision to leave the EU. ‘The Far East markets have...
The implications of this latest move have yet to be fully understood but the new regulation is regarded by the recycling community as adding ‘to the dozens and dozens of rules and requirements...
The new additions to the LME's ferrous suite - LME Steel Scrap and LME Steel Rebar - are claimed to have attracted considerable support from the market since their launch in November last year, with...
Labour costs have increased ‘very rapidly’ in China and some lower-end projects have moved to other developing countries in the region with wage and logistics advantages as well as lower...
Despite further weakness in steel scrap prices, chrome scrap has also benefited from the stronger Euro to reach US$ 220-260 per tonne for the 409 grade and US$ 310-350 for 430 material. Nickel had...
According to China Customs statistics for the first nine months of this year, meanwhile, the country's refined copper imports suffered a 4% year-on-year decline to 2.55 million tonnes owing to weak...
The new scrap and rebar contracts will be traded on the LMEselect electronic platform and are intended to enable industry participants 'to reduce their risk exposure by hedging more steps in the...
Although chrome scrap prices have held up reasonably well over recent weeks, the story has been completely different for stainless steel scrap: the 304 quality has dropped from US$ 1240-1290 per...
Newspaper headlines around the world have been dominated over recent weeks by events in China, namely the devaluation of its currency, the continuation of its run of poor economic data, and stock...
A report from Ma Hongchang, expert advisor on Chinese policy and regulatory developments, notes that China’s annual non-ferrous scrap imports have fallen by around 1 million tons since 2010,...
The strained scrap situation is reflected in the fact that the discount for the nickel content from the LME quotation has shrunk from 28% to 16% over the course of two months. Traders are suffering...
Stainless steel scrap availability has suffered as a result of the low nickel price levels but competition for supplies and scrap usage ratios remain high, according to Joost Van Kleef of KMR...
However, a firmer steel scrap market has prompted an increase in chrome scrap values, with 409 material edging up to US$ 300-340 per tonne and the 430 quality to US$ 400-440 from, respectively, US$...
The disappointment has continued for the stainless steel scrap sector over recent weeks, although price ranges for the 304 and 316 qualities have actually nudged slightly higher since our previous...
But under the influence of still-low steel scrap prices and ongoing weakness in the chrome market, the ranges for chrome scrap remained unchanged at US$ 290-330 for 409 material and US$ 390-430 for...
For the secondary non-ferrous metals sector, the much-anticipated budget announcement in India late in February yielded a welcome reduction in Special Additional Duty from 4% to 2% on imports of...
Stainless steel scrap prices have made a ′disappointing′ start to 2015 and lower availability is likely to be the result over the coming weeks, forecasts Joost van Kleef of KMR Stainless...
Recent metal price swings have resurrected concerns over whether export contracts will be honoured upon arrival. ′Many fear a repeat of 2008 when claims and re-pricing negotiations were a daily...
At the recent meetings of the LME in London and of BIR in Paris, the mood among metal traders was generally pessimistic. Those in the scrap sector are continuing to complain of dwindling margins...
Since the start of October, the price range for the 304 grade has slid from US$ 1410-1460 per tonne to US$ 1280-1330 while the 316 quality has dropped from US$ 2040-2090 to US$ 1890-1940 owing to a...
Following evidence of a number of recent ′multi-million dollar frauds′ whereby container loads of stainless steel scrap and copper scrap were found to comprise only concrete, ash, mud and...
Indonesia′s nickel ore export ban, which seems likely to remain in place for now, continues to be a major discussion point even though it does not appear as yet to have really tightened the...
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