Archive for ‘October, 2009’

55 results.

Base Metals Market Recap Oct 1

on October 1st, 2009 at 11:11 am

Base metals rose sharply on Wednesday due to a weaker dollar and window-dressing on the last day of the quarter. These factors gave support short-covering in China ahead of a long holiday. Short-covering activity took place in many of the metals yesterday. The Chinese are about to embark on an extended holiday, and the third […] ↓ Read the rest of this entry…

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OVERSUPPLY LIKELY TO HALT STAINLESS STEEL PRICE RISES

on October 2nd, 2009 at 9:55 am

European stockists and end-users of stainless steel have trimmed their inventories as far as possible since the onset of the current economic difficulties. Transaction values bottomed out around March of this year. In the period to mid August, the LME nickel price soared, driven by speculators rather than by fundamentals. As a result, purchasers’ anticipation […] ↓ Read the rest of this entry…

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Shanghai China Scrap Prices Sept 30

on October 2nd, 2009 at 11:36 am

  Shanghai   Item Price Net Change Shanghai Copper GB Non-oxygen Copper Rod(8mm)* 7,014 114 GB Low-oxygen Copper Rod(8mm)* 6,929 114 1#Bare Bright Copper Wire 6,414 114 Birch(94-96%) 5,986 114 Honey (Fe<3%) 4,314 43 Shanghai Aluminum AOO* 2,129 14 Shanghai SS 304 SS Sabot 18/8 1,757 0 304/2B Rolled Sheet(Bao Steel)0.4mm* 3,121 0 304/2B Rolled Sheet(Bao […] ↓ Read the rest of this entry…

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