Metals & Industrial Prices Update

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Re: Metals & Industrial Prices Update

Postby point » Mon Apr 23, 2018 6:01 pm

Aluminium takes a nosedive after US offers Rusal a way out without Deripaska

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Re: Metals & Industrial Prices Update

Postby point » Mon Apr 23, 2018 6:28 pm

US softens position on Rusal sanctions, extending the deadline for winding down contracts and saying it would drop them if Deripaska sells.

#Aluminium plunges >5%

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Re: Metals & Industrial Prices Update

Postby sashimaal » Mon Apr 23, 2018 11:11 pm

https://www.investing.com/news/commodit ... es-1408509


point wrote:US softens position on Rusal sanctions, extending the deadline for winding down contracts and saying it would drop them if Deripaska sells.

#Aluminium plunges >5%
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Re: Metals & Industrial Prices Update

Postby NC+ » Tue Apr 24, 2018 6:23 am

ATM Aluminium trading below 2250 USD/Tonne in London Metal Exchange... :)
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Re: Metals & Industrial Prices Update

Postby point » Wed Apr 25, 2018 7:26 am

I think still not selling rusal brands in lme. They announced the hold of trading but no announcement for trading resume. Still drops for the news in my thoughts

https://www.google.com/amp/tass.com/economy/1001386/amp

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Re: Metals & Industrial Prices Update

Postby NC+ » Mon Apr 30, 2018 6:55 am

Weekly Metal Prices Update - 30/4/2018

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Steel, Aluminum Tariffs Postponed For Another 30 Days

Postby sashimaal » Wed May 02, 2018 3:42 pm

Steel, Aluminum Tariffs Postponed For Another 30 Days
By MetalMiner Commodities2 hours ago (May 02, 2018 03:04AM ET)


Following intense lobbying by French President Emmanuel Macron and German Chancellor Angela Merkel — plus, it must be said, the whole European steel industry and many consumers in the U.S. — U.S. President Donald Trump has announced a delay in the imposition of steel and aluminum tariffs on Canada, Mexico and, crucially, the European Union until June 1.

The temporary exemptions from tariffs on these countries were set to expire today. At the same time, agreements for permanent exemptions for Argentina, Australia and Brazil have been made.

According to The Telegraph, the U.S. granted temporary relief to European producers from 25% tariffs on steel and 10% levies on aluminium only up to May 1, but has now extended by a further 30 days while it tries to ring concessions out of its partners in NAFTA and with the E.U.

Specifically, the article suggests automobiles are high on the list of things on which Trump wants to see movement. The E.U. charges 10% import duty on U.S. cars but currently incurs only 2.5% on the import of E.U.-made cars into the U.S.

Tariffs would hit steelmakers this side of the Atlantic hard, the article states, with the industry only just recovering from the 2015 crisis, which cost tens of thousands of jobs. Closure of the U.S. market creates the potential for a “double whammy” to the European industry. Not only is America a major market for Germany, the U.K. and Italy, but Chinese producers are likely to flood Europe with excess output, which was a major cause of the crisis of three years ago.

China remains broadly the U.S. main target, but the steel and aluminium tariffs are part of a wider bid to renegotiate the terms of trade with a number of countries, from close to home with NAFTA to far-flung producers on the other side of the globe.

The president seems to have a bone to pick with most of them. The threat of sanctions is a blunt but effective tool to bring countries to the negotiating table. As a tactic, it does seem to have some merit.

No breakthroughs have been made, but many discussions are now ongoing that were being avoided a year ago. China’s steel imports have dwindled markedly into the U.S. over recent years, but aluminum remains significant. The threat of such has already drawn the ire of Beijing, but also the willingness to make conciliatory gestures, such as freeing up the domestic market for foreign investments.

But on two key trade demands, The New York Times reports Beijing is not willing to give ground.

Firstly, the president’s headline-grabbing $100 billion cut in the U.S.’s trade deficit with China and probably even more sensitive is a curb on a $300 billion Chinese plan to invest in advanced tech like A.I. and electric cars. China will almost certainly sweat it out if the president sticks to demands to row back on what China sees as its strategic future.

The row with Europe is far from settled. The postponement has only bought 30 days, so the pressure is on to find a solution.

Europe has more to lose than the U.S., so you have to think some form of settlement will be found that will, to some extent, meet the president’s objectives.

If not, the pain Europe’s steel industry has gone through in the last 10 years will be nothing compared to what is to come.

by Stuart Burns

https://www.investing.com/analysis/stee ... -200311616
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Re: Metals & Industrial Prices Update

Postby NC+ » Sun May 06, 2018 7:10 am

Weekly Metal Prices Update - 6/5/2018

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Re: Metals & Industrial Prices Update

Postby lukedesilva » Sun May 06, 2018 10:16 am

Thanks NC.
Looks like metal prices will not touch 2017 levels in a hurry.

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Re: Metals & Industrial Prices Update

Postby SHARK » Fri May 11, 2018 6:22 am

Welcome to The Snapshot – a series that examines the forces shaping and driving global commodities markets today.


For investors hoping for a recovery in prices of industrial commodities, it has been a painful wait. Many successive years of oversupply worries have haunted the markets.


But finally, prices of industrial commodities – from oil, to steel to aluminum – are seeing the light of the day.


Crude oil and base metals prices touched multi-year highs.


The market is slowly but surely realizing that many years of under investment may come back to bite and could create supply-side shocks. In addition, the prospect for global commodity demand looks relatively strong, thanks to a robust outlook for the world economy.


S&P Global expects the world economy to continue to grow around 3.5 percent over the next few years. Monetary policy is seen to continue to provide a tail wind to growth in the developed world.


Even financial investors are realizing that it might be a good time to add commodities to their investment portfolios, giving industrial commodity prices a boost.


In oil, three years of low prices have stimulated demand growth. And prices have recently reached 2.5-year highs.


Platts Analytics expects oil demand in 2018 to grow at 1.8 million b/d. This, along with the OPEC and non-OPEC production cuts, has finally started to result in global balances tightening.


Regional tensions – in North Korea or the Middle East for instance – could potentially disrupt supplies, which along with low surplus stocks and OPEC spare capacity could result in price spikes.


Now, let's turn our attention to steel. China’s infrastructure spending has supported domestic pricing and reduced exports, with shipments falling to their lowest level since February 2014.


Stringent production cuts from China's 2+26 Cities policy have tightened the supply and demand balance. There is even talk of exports getting squeezed even further. This should support steel prices and pressure raw material costs in the near term.


In the base metals market, copper prices have gained over 20 percent this year, while aluminum prices surge to 5-year highs. Talks of excess capacity cuts, as well as a crackdown on illegal capacity, have kept the market on tenterhooks.


Regulators have stepped up environmental protection inspections.


In addition, China has announced a series of winter cuts at alumina refineries. This government-led rebalancing of several sectors has supported metal prices globally.


As prices hold on to their gains – the common denominator is producers who are not keen to let supplies expand at their own will. The pain from excess supplies and feeble prices is still fresh in their minds.


Will producers hold on to their policies to keep a lid on production? Only time will tell.
Price is what you pay. Value is what you get.”

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Re: Metals & Industrial Prices Update

Postby NC+ » Sun May 13, 2018 6:29 am

Weekly Metal Prices Update - 13/5/2018

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Re: Metals & Industrial Prices Update

Postby NC+ » Sat May 26, 2018 6:17 am

Weekly Metal Prices Update - 26/5/2018

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Re: Metals & Industrial Prices Update

Postby NC+ » Sun Jun 03, 2018 11:30 am

Weekly Metal Prices Update - 3/6/2018

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Re: Metals & Industrial Prices Update

Postby NC+ » Sun Jun 10, 2018 3:58 pm

Weekly Metal Prices Update - 10/6/2018

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Re: Metals & Industrial Prices Update

Postby NC+ » Sun Jul 01, 2018 12:23 pm

Weekly Metal Prices Update - 30/6/2018

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