Base Metals Daily Review | Mysteel Global

Daily Review

Date:

MYMETAL: China’s copper prices slump on scant trading Feb 12, 2020

China’s copper prices in both the spot and futures markets witnessed tiny rises this week after declining significantly following the Chinese New Year holiday (January 24-February 2), according to the latest report from Mymetal, Mysteel’s nonferrous market data collection arm. Nevertheless, prices remain at low levels as trading activity languishes amid the outbreak of Novel Coronavirus Pneumonia.
Cyber-attacks on Norsk Hydro push LME, SHFE Al prices up Mar 20, 2019

The revelation by Norsk Hydro, Norway’s major global aluminum producer headquartered in Oslo, that its computer systems were hit by a cyber-attack on Tuesday has propelled prices of the light metal upwards on leading commodities exchanges on concerns about possible disruptions to supply. Hydro produced nearly 2 million tonnes of primary aluminum last year, Mysteel notes.
SHFE Zn price down on higher trader stocks Feb 13, 2019

Zinc futures on Shanghai Futures Exchange have been tracking south since business resumed following the Chinese New Year holiday, mainly because stocks had swollen over the holiday, market sources said Wednesday. A further complication is that while the domestic zinc market is witnessing stable supply, demand is weak, they said.
SHFE Ni prices up, demand recovers before CNY Jan 16, 2019

The most traded nickel contract on the Shanghai Futures Exchange gained Yuan 1,160/tonne ($171.4/t) or 1.3% on day to end the daytime session on January 16 at Yuan 93,230/t, exchange data show.
SHFE copper down, despite easing Sino-US trade tension Dec 06, 2018

The most-traded copper contract on the Shanghai Futures Exchange (SHFE), that for February delivery, lost another Yuan 440/tonne ($64/t) or 0.9% on day on December 6 to end the daytime session at Yuan 48,980/t and marking for the third consecutive daily decline. Market sources admitted that the bounce that Chinese copper prices had enjoyed recently thanks to improved trade environment couldn’t last long, given the weak fundamentals for the metal.
SHFE Zn price down 2.4% on market pessimism, weak demand Nov 27, 2018

The most-traded zinc January contract on the Shanghai Futures Exchange lost Yuan 485/tonne ($69.8/t) or 2.4% on day to close the daytime session at Yuan 20,055/t as of November 27, posting the most substantial contraction among all the core base metals on SHFE following the declines on the London Metal Exchanges (LME) overnight and reflecting the feeble demand from Chinese galvanized steel mills.
SHFE Ni price on 3-day decrease, tracks LME Oct 29, 2018

Prices of the most-traded nickel contract on the Shanghai Futures Exchange, that for January delivery, lost ground for a third consecutive day on Monday, falling by another Yuan 2,560/tonne ($368/t) or 2.5% compared with the previous trading day last Friday to close at Yuan 98,210/t as of 3:00 pm, or a seven-month low since late March.
SHFE nickel price up on declining ferronickel output Oct 22, 2018

Nickel prices on the Shanghai Futures Exchange grew strongly on October 22, with market watchers saying the uptick reflected investor expectations about the likelihood of ferronickel production declining due to environmental equipment inspections underway across China.
SHFE nickel price down 2.6%, fundamentals remain solid Oct 16, 2018

The most-traded January nickel contract on the Shanghai Futures Exchange (SHFE) fell for the second day, down another Yuan 2,710/tonne ($392/t) or 2.6% on day to close the daytime session at Yuan 102,370/t as of October 16, but market participants showed little concern, believing the metal’s fundamentals in the long run has remained solid.
China market embraces launch of SHFE Cu options Sep 21, 2018

Investor response to the launch of copper options on the Shanghai Futures Exchange on September 21 seemed positive, market watchers said Friday. The SHFE is the first commodity exchange in China to offer an industrial commodity options product, Mysteel notes. As of 15:00 on Friday, the total volume of all copper
SHFE nickel price up 2.6% on high production cost Sep 13, 2018

The most-traded contract for nickel for November delivery on the Shanghai Futures Exchange reversed up on Thursday, ending the daytime session at Yuan 103,890/tonne ($15,170.4/t) as of 3:00pm, up by Yuan 2,670/t or 2.6% on day, mainly thanks to the continuing low levels of nickel stocks and the high price
SHFE nickel drops to 5-m low on supply increase Sep 05, 2018

The most-traded nickel November contract on the Shanghai Futures Exchange plummeted for the fourth straight day, closing at Yuan 102,330/tonne ($15,048/t) at the close of the day-time trading on Wednesday, down by another Yuan 2,170/t over Tuesday’s settlement price, or a new low since April 12.
SHFE nickel down 2.4% on escalating Sino-US trade friction Aug 23, 2018

The most-traded nickel November contract on the Shanghai Futures Exchange (SHFE) dropped the steepest among all the base metals, down Yuan 2,670/tonne ($393/t) or 2.4% over Wednesday’s settlement price to Yuan 109,380/t on August 23, as the latest escalation of the Sino-US trade friction trembled the market.
SHFE Ni price enjoys 3-day rise, copies LME Aug 21, 2018

Futures prices of non-ferrous metals on the Shanghai Futures Exchange on Tuesday were generally firmer on day. Although the price gain for nickel was not as large as those of other metals, sound fundamentals lend it strong growth momentum, Mysteel notes.
SHFE Al hits a 2-m high on Alcoa’s strike in Australia Aug 09, 2018

The most-traded October aluminum contract on the Shanghai Futures Exchange (SHFE) reached a new high since June 14 partly due to the concern on the supply shortage of alumina with the breakout of strike at Alcoa’s mining operations in Western Australia on August 8, according to market sources.
Shagang’s H1 profits leap on buoyant steel market Aug 09, 2018

Jiangsu Shagang Co, the listed-arm of Shagang Group and headquartered in Zhangjiagang in East China’s Jiangsu province, gained a net profit of Yuan 647 million ($94.9 million) in the first half of 2018, up by a sizzling 242% on year, according to its interim report released on August 8. China’s largest privately-owned steelmaker said stronger steel prices and its own higher output were behind its good performance.
SHFE nickel price strengthening 3 days, up 2% on Wed Aug 08, 2018

The most-traded November nickel contract on the Shanghai Futures Exchange grew for the third day as of August 8, up another 1.9%, mainly due to the stronger performance of spot market and the decrease in SHFE warehouse stocks, Mysteel notes.
SHFE metals spooked by growing intensity of trade war Aug 02, 2018

The most-traded nickel contract on the Shanghai Futures Exchange, that for September, plummeted by Yuan 2,860/tonne ($421/t) or 2.5% on Thursday from the settlement price on Wednesday to Yuan 110,540/t. Investors were nervous at the possibility of renewed friction between China and the US, market sources said.
Supply anxiety, higher costs drive SHFE Al price up Jul 31, 2018

The most-traded aluminum contract on Shanghai Futures Exchange, that for September delivery, increased for the third successive day, or up Yuan 125/tonne ($18.3/t) from the settlement price of Monday to close at Yuan 14,540/t as of July 31.
SHFE Al closed higher, despite loose supply fears Jul 25, 2018

The aluminum futures price on the Shanghai Futures Exchange continued to rise on Wednesday, despite market chatter that Washington may revoke sanctions on Rusal, the world’s second largest aluminum producer, and thus free up global aluminum supply.

Pre 1 2 Next

Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Daily Review

MYMETAL: China’s copper prices slump on scant trading Feb 12, 2020

Cyber-attacks on Norsk Hydro push LME, SHFE Al prices up Mar 20, 2019

SHFE Zn price down on higher trader stocks Feb 13, 2019

SHFE Ni prices up, demand recovers before CNY Jan 16, 2019

SHFE copper down, despite easing Sino-US trade tension Dec 06, 2018

SHFE Zn price down 2.4% on market pessimism, weak demand Nov 27, 2018

SHFE Ni price on 3-day decrease, tracks LME Oct 29, 2018

SHFE nickel price up on declining ferronickel output Oct 22, 2018

SHFE nickel price down 2.6%, fundamentals remain solid Oct 16, 2018

China market embraces launch of SHFE Cu options Sep 21, 2018

SHFE nickel price up 2.6% on high production cost Sep 13, 2018

SHFE nickel drops to 5-m low on supply increase Sep 05, 2018

SHFE nickel down 2.4% on escalating Sino-US trade friction Aug 23, 2018

SHFE Ni price enjoys 3-day rise, copies LME Aug 21, 2018

SHFE Al hits a 2-m high on Alcoa’s strike in Australia Aug 09, 2018

Shagang’s H1 profits leap on buoyant steel market Aug 09, 2018

SHFE nickel price strengthening 3 days, up 2% on Wed Aug 08, 2018

SHFE metals spooked by growing intensity of trade war Aug 02, 2018

Supply anxiety, higher costs drive SHFE Al price up Jul 31, 2018

SHFE Al closed higher, despite loose supply fears Jul 25, 2018

Daily Prices

Prices Summarization

FOB prices of steel products on August 6