metal bulletin january averages - valuation...

Stat

isti

cs

Monday 7 February 2011 | Metal Bulletin | 23

© Copyright Metal Bulletin Journals Ltd, 2011Metal Bulletin monthly average prices are calculated on thoseprice quotations formulated during the month. This may bedifferent from the MB issues published during the month.

Metal Bulletin January Averages Low HighAluminiumEuropean free market $/tonne inwarehouse min 99.7% ingot dutyunpaid premium 110.000 135.000AluminaMB free market aluminaMetallurgical grade, spot fob $/tonne 372.500 382.500AluminaIndex fob Australia 378.298AntimonyMB free marketRegulus 99.65%, max Se 50ppm,$/tonne in warehouse 12,743.750 13,293.750MMTA Standard grade II $/tonne 12,693.750 13,212.500BismuthMB free marketmin. 99.99%, $/lb, tonne lots inwarehouse 9.200 10.200CadmiumMB free marketmin 99.95%, cents/lb in warehouse 151.875 171.875min 99.99%, cents/lb in warehouse 156.875 176.875CobaltMB free marketHigh Grade, $/lb in warehouse 19.313 20.438Low Grade, $/lb in warehouse 17.875 18.975CopperUS High-grade cathode premium indicator,$/tonne 107.250 132.000Germanium DioxideMB free market min 99.99%, $/kg 810.000 950.000GoldLondon per troy oz Morning $1,360.47500 Afternoon $1,356.40000 Morning £862.59030 Afternoon £859.26955 Handy/Harman $1,359.39IndiumMB free marketIngots min 99.97%, $/kg in warehouse 525.625 600.000MagnesiumMB free marketmin 99.8%, $/tonne 2,925.000 3,156.250China free market min 99.8% 2,916.250 2,973.750MercuryMB free marketmin 99.99%, $/flask in warehouse 1,250.000 1,400.000MolybdenumFree market in warehouseEurope drummed molybdicoxide $/lb Mo 17.113 17.475US canned molybdic oxide $/lb Mo 16.613 16.906NickelFree market in warehouse premiumEurope $/tonne uncut cathodes 150.000 200.000 4x4 cathodes 350.000 400.000 briquettes 350.000 400.000US Melting $/lb 0.350 0.500 Plating $/lb 0.650 1.000PalladiumMorning $/troy oz $793.15000Afternoon $/troy oz $793.10000Platinum: per troy ozEuropean free marketMorning $/troy oz $1,787.05000Afternoon $/troy oz $1,786.95000RhodiumEuropean free marketmin 99.9% in warehouse, $/troy oz 2,384.375 2,434.375

Exchange rates (Closing Rates)$/£ 1.5780$/yen 82.6490$/euro 1.3369 Low HighBarclays Bank Quotation (1400 hours)£/$ 1.5788 1.5790£/$ 3mth 1.5776 1.5779

Low HighSeleniumMB free marketmin 99.5% in warehouse $/lb 44.125 50.125SilverLondonspot pence/troy oz 1800.38100spot cents/troy oz 2,840.25000Handy/Harman cents/troy oz 2,855.15TinEuropean free marketSpot premium 99.9% $/tonne 500.000 550.000Spot premium 99.85% $/tonne 430.000 480.000Kuala Lumpur (ex-smelter) $/tonne 27,236.62TitaniumFerro-Titanium70% (max 4.5% Al), $/kg d/d Europe 7.494 7.994TungstenEuropean free market APT $/mtu 335.625 340.625US free market APT $/stu 254.000 259.500Foundry ingotsAluminium LM24 1,637.500 1,687.500 LM6/LM25 1,918.750 1,962.500Aluminium Europe €/tonne 1,987.500 2,070.000Phosphor BronzePB1 ex-works £/tonne 7,680.000Zinc Alloy10 tonne lots ZL3 £/tonne 2,095.000OresFerro-Molybdenumbasis 60% Mo, $/kg 38.000 40.000basis 65-70% Mo, $/kg 43.156 44.313Tungstenmin 65% WO3, cif $/MTU WO3 140.000 160.000Vanadiummin 98%, other sources, $/lb V2O5 6.600 7.200Ferro-Vanadiumbasis 70-80%, $/kg V 29.469 31.013US Free market 70-80% 13.000 14.000Ferro-Tungstenbasis 75% W min 42.125 43.250

London Metal ExchangeHigh, low and average January (20 days)LME averages are mean of buyers and sellers except forsettlement and 3 months sellers. January 2011 January High Low Average $ $ $Copper Grade A ($)Cash 9,787.50 9,329.75 9,554.923 months 9,755.75 9,316.25 9,534.26Settlement 9,788.00 9,330.00 9,555.703 months seller 9,756.00 9,316.50 9,534.98Copper Grade A (£)Settlement 6,246.56 5,911.35 6,053.943 months seller 6,226.29 5,912.04 6,045.42Tin ($)Cash 30,097.50 26,092.50 27,455.633 months 30,025.00 26,075.00 27,391.13Settlement 30,100.00 26,095.00 27,465.253 months seller 30,050.00 26,100.00 27,405.75Lead ($)Cash 2,719.50 2,443.50 2,600.893 months 2,676.50 2,391.50 2,556.03Settlement 2,720.00 2,444.00 2,601.653 months seller 2,677.00 2,393.00 2,556.88Lead (£)Settlement 1,744.77 1,540.89 1,648.543 months seller 1,729.01 1,503.55 1,621.52Zinc ($)Cash 2,470.50 2,227.50 2,370.973 months 2,478.50 2,242.50 2,383.30Settlement 2,471.00 2,228.00 2,371.553 months seller 2,479.00 2,245.00 2,384.00Aluminium ($)Cash 2,492.00 2,359.50 2,439.133 months 2,502.25 2,381.50 2,454.98Settlement 2,492.50 2,360.00 2,439.533 months seller 2,502.50 2,382.00 2,455.43Aluminium Alloy ($)Cash 2,315.00 2,211.50 2,275.253 months 2,290.00 2,207.50 2,246.00Settlement 2,320.00 2,212.00 2,278.203 months seller 2,295.00 2,210.00 2,250.25Nickel ($)Cash 27,072.50 24,047.50 25,642.383 months 27,097.50 24,052.50 25,653.25Settlement 27,075.00 24,050.00 25,646.253 months seller 27,100.00 24,055.00 25,662.50Nassa ($)Cash 2,431.50 2,320.00 2,382.973 months 2,482.50 2,337.50 2,412.63Settlement 2,432.00 2,320.50 2,385.653 months seller 2,485.00 2,340.00 2,416.80Cobalt ($)Cash 39,550.00 38,650.00 39,155.003 months 39,625.00 38,150.00 38,725.00Settlement 40,500.00 38,800.00 39,475.003 months seller 40,250.00 38,300.00 39,160.00Molybdenum ($)Cash 37,600.00 36,500.00 37,050.003 months 38,000.00 37,000.00 37,470.00Settlement 38,600.00 37,000.00 37,537.503 months seller 39,000.00 37,500.00 37,965.00Steel Billet ($)Cash 584.75 525.50 555.523 months 608.50 546.00 577.99Settlement 585.00 526.00 556.783 months seller 609.00 547.00 580.75

LME Settlement Conversion Rates$/£ 1.5786$/yen 82.697$/euro 1.3364

Pric

esDaily metal and steelLondon forward

“LME settlement prices. All prices per tonne, unless otherwise stated, in LME warehouse, EU duty, if any paid, for buyers account.”

Year ago Feb 3 Jan 28 Jan 31 Feb 1 Feb 2 Feb 3Aluminium High Grade $2086.00-2086.50 LME Cash official 2454.00-2455.00 2482.00-2482.50 2530.00-2531.00 2522.00-2522.50 2515.00-2516.00 “unofficial” 2466.00-2467.00 2492.00-2492.50 2547.50-2549.50 2521.50-2525.50 2507.00-2509.002118.00-2118.50 LME 3 months official 2455.00-2456.00 2494.00-2495.00 2537.00-2537.50 2532.00-2533.00 2534.50-2535.50 “unofficial” 2473.00-2474.00 2500.00-2500.50 2555.00-2557.00 2536.00-2540.00 2521.00-2523.00 LME Tapo Notional Average Price(NAP) for Feb 2011 2437.26 2437.26 2531.00 2526.75 2523.17 LME stocks (tonnes) 4,521,225 4,525,850 4,525,550 4,533,875 4,530,975Aluminium Alloy (A380.1/DIN226/D12S) $1895.00-1915.00 LME Cash official 2300.00-2310.00 2310.00-2320.00 2345.00-2355.00 2330.00-2331.00 2325.00-2345.00 “unofficial” 2300.00-2310.00 2335.00-2345.00 2355.00-2365.00 2330.00-2340.00 2330.00-2340.001920.00-1940.00 LME 3 months official 2275.00-2285.00 2285.00-2295.00 2320.00-2330.00 2295.00-2305.00 2290.00-2310.00 “unofficial” 2275.00-2285.00 2310.00-2320.00 2330.00-2340.00 2300.00-2310.00 2300.00-2310.00 LME stocks (tonnes) 72,880 72,880 73,900 74,300 77,020N. American Special Aluminium Alloy2015.00-2035.00 LME Cash official 2415.00-2416.00 2431.00-2432.00 2470.00-2480.00 2451.00-2452.00 2470.00-2475.00 “unofficial” 2445.00-2455.00 2445.00-2455.00 2510.00-2520.00 2475.00-2485.00 2460.00-2470.002050.00-2055.00 LME 3 months official 2480.00-2485.00 2450.00-2460.00 2500.00-2510.00 2490.00-2500.00 2490.00-2495.00 “unofficial” 2465.00-2475.00 2465.00-2475.00 2530.00-2540.00 2495.00-2505.00 2480.00-2490.00 LME Stocks (tonnes) 136,060 135,960 136,300 136,160 136,560Copper Grade A$6852.00-6853.00 LME Cash official 9585.00-9590.00 9715.00-9720.00 9840.00-9840.50 9940.00-9945.00 9950.00-9950.50 “unofficial” 9635.00-9645.00 9745.00-9750.00 9934.00-9939.00 9968.00-9971.00 9929.00-9934.006871.00-6871.50 LME 3 months official 9580.00-9585.00 9675.00-9680.00 9809.00-9810.00 9919.00-9920.00 9940.00-9941.00 “unofficial” 9620.00-9630.00 9725.00-9730.00 9910.00-9915.00 9947.00-9950.00 9915.00-9920.00 LME Tapo Notional Average Price(NAP) for Feb 2011 9547.05 9547.05 9840.50 9892.75 9912.00 LME stocks (tonnes) 394,025 393,925 393,775 394,475 394,150Lead $2109.00-2110.00 LME Cash official 2544.00-2545.00 2575.00-2576.00 2615.00-2620.00 2612.00-2613.00 2641.50-2642.00 “unofficial” 2530.00-2535.00 2605.00-2610.00 2620.00-2625.00 2620.00-2626.00 2602.00-2604.002120.00-2125.00 LME 3 months official 2465.50-2466.00 2475.00-2475.50 2530.00-2533.00 2536.00-2537.00 2577.00-2580.00 “unofficial” 2460.00-2465.00 2510.00-2515.00 2535.00-2540.00 2547.00-2553.00 2547.00-2549.00 LME stocks (tonnes) 279,925 282,700 284,850 288,925 289,275Nickel$18050-18060 LME Cash official 26820-26825 27070-27075 27650-27655 27710-27715 27775-27780 “unofficial” 26870-26920 27200-27250 28025-28050 27920-27925 27805-2783018195-18200 LME 3 months official 26775-26800 27095-27100 27675-27680 27800-27825 27775-27780 “unofficial” 26900-26950 27225-27275 28050-28075 27945-27950 27825-27850 LME stocks (tonnes) 134,040 134,442 134,172 133,500 132,798Tin $16595.00-16600.00 LME Cash official 29895.00-29900.00 30095.00-30100.00 29980.00-29985.00 30540.00-30545.00 30650.00-30700.00 “unofficial” 29635.00-29735.00 29985.00-30085.00 30150.00-30200.00 30495.00-30545.00 30425.00-30475.0016575.00-16600.00 LME 3 months official 29750.00-29800.00 30000.00-30050.00 29875.00-29900.00 30475.00-30500.00 30625.00-30650.00 “unofficial” 29600.00-29700.00 29950.00-30050.00 30100.00-30150.00 30450.00-30500.00 30400.00-30450.00 LME stocks (tonnes) 17,615 17,835 17,905 18,775 18,775Zinc Special High Grade $2164.50-2165.00 LME Cash official 2295.00-2300.00 2333.50-2334.00 2403.00-2403.50 2442.00-2443.00 2455.00-2458.00 “unofficial” 2330.00-2335.00 2376.00-2381.00 2426.00-2428.00 2456.50-2459.50 2450.00-2455.002176.00-2177.00 LME 3 months official 2313.00-2313.50 2358.00-2360.00 2429.00-2430.00 2465.00-2465.50 2475.00-2476.00 “unofficial” 2345.00-2350.00 2393.00-2398.00 2445.00-2447.00 2477.00-2480.00 2470.00-2475.00 LME stocks (tonnes) 710,675 710,275 710,075 710,075 710,075Cobalt min 99.3% LME Cash official 38250.00-40250.00 38400.00-39500.00 38500.00-39500.00 39300.00-39800.00 38500.00-39500.00 LME 3 months official 37750.00-39750.00 38000.00-39100.00 38500.00-39000.00 38900.00-39100.00 38000.00-39000.00 LME stocks (tonnes) 308 306 300 280 280Molybdenum $ LME Cash official 36600.00-38600.00 36600.00-38600.00 36600.00-38600.00 36600.00-38600.00 36600.00-38600.00 LME 3 months official 37000.00-39000.00 37000.00-39000.00 37000.00-39000.00 37000.00-39000.00 37000.00-39000.00 LME stocks (tonnes) 282 282 282 282 282Steel Billet460.00-470.00 LME Cash Official 535.00-540.00 525.00-526.00 509.50-510.50 520.00-530.00 525.00-530.00 “unofficial” 535.00-540.00 525.00-526.00 509.50-510.50 520.00-530.00 525.00-530.00460.00-470.00 LME 3 months official 552.00-553.00 545.00-547.00 535.00-536.00 540.00-545.00 542.00-547.00 “unofficial” 552.00-553.00 545.00-547.00 535.00-536.00 540.00-545.00 542.00-547.00 LME stocks (tonnes) 53,950 53,885 53,885 53,885 53,885Gold $/troy oz1118.50 London morning 1316.00 1333.50 1337.50 1337.00 1332.501115.25 London afternoon 1319.00 1327.00 1331.50 1337.00 1328.001115.25 Handy/Harman 1319.00 1327.00 1331.50 1337.00 1328.00Silver per troy oz1051.02/1679.00 London Spot pence/cents 1674.83/2668.00 1746.38/2775.00 1757.91/2832.00 1745.06/2827.00 1744.76/2830.001639.00 Handy/Harman cents 2795.50 2816.50 2824.00 2829.50 1328.00Palladium $/troy oz446.00 London morning 803.00 811.00 820.00 823.00 809.00442.00 London afternoon 806.00 806.00 822.00 819.00 808.00Platinum $/troy oz1586.00 London morning 1790.00 1789.00 1808.00 1830.00 1826.001578.00 London afternoon 1784.00 1781.00 1812.00 1830.00 1828.00

DubaiDubai Gold & Commodities Exchange settlement prices. All prices per tonne fca on truck Jebel Ali free zone duty-unpaid customs-cleared Jan 31 Feb 1 Feb 2 Feb 3Rebar $ February delivery 625.00 625.00 625.00 625.00 March Delivery 635.00 635.00 635.00 625.00

Kuala Lumpur futuresYear ago Feb 3 Jan 28 Jan 31 Feb 1 Feb 2 Feb 3Tin $/tonne16,640 29,200 30,050 closed 30,050 closed

24 | Metal Bulletin | Monday 7 February 2011

Pric

es


LME & SHFE stocks (tonnes effective 2 February) Note:deliveries in and out for the week Jan 27 - Feb 2

Aluminium Delivered in Delivered out Total Ingots T Bars Sows Ingots T Bars Sows Ingots T Bars SowsAntwerp nil nil nil 525 125 nil 43,700 26,125 250Hamburg nil nil nil nil nil nil 23,425 20,075 nilGenoa nil nil nil nil nil nil 12,000 nil nilLeghorn nil nil nil nil nil nil 375 nil 400Trieste nil nil nil 125 nil nil 70,325 70,500 5,325Busan nil nil nil nil nil 125 49,975 28,100 5,650Gwangyang nil nil nil nil nil nil 57,625 55,325 nilIncheon nil nil nil nil nil nil 36,275 17,325 950Johor nil nil nil 1,300 nil 775 182,675 37,550 53,450Port Klang nil nil nil nil nil nil 12,925 10,000 1,225Rotterdam nil nil nil 250 750 100 230,725 233,600 62,625Vlissingen 3,925 8,825 nil nil nil nil 91,700 154,300 nilSingapore nil nil nil 950 nil 200 331,525 112,625 106,000Bilbao nil nil nil nil nil nil 16,225 14,725 nilGothenburg nil nil nil nil nil nil nil nil 25Helsingborg nil nil nil nil nil nil nil 12,400 nilHull nil nil nil nil nil nil 14,950 9,100 nilTyne & Wear nil nil nil nil 1,475 125 24,225 78,200 4,825Liverpool nil nil nil nil nil nil 18,500 10,525 31,475Baltimore nil 4,350 nil nil 3,225 2,575 13,200 210,000 235,750Chicago nil 75 25 nil 3,075 2,300 2,550 69,100 60,575Detroit nil 5,225 4,125 275 3,800 1,250 29,900 533,050 445,400Long Beach nil nil nil nil nil nil 7,900 9,475 6,775Los Angeles nil nil nil nil nil nil 75 5,975 2,675Mobile nil nil nil 75 nil nil 241,225 11,350 16,450New Orleans nil nil nil nil nil nil 119,575 44,625 12,825St Louis nil nil nil nil nil nil nil 925 nilToledo nil nil nil nil nil nil 1,650 5,225 67,800Total 3,925 18,475 4,150 3,500 12,450 7,450 1,633,225 1,780,200 1,120,450

Al.Alloy (large sows) Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil nil nil nil 720 nilRotterdam nil nil nil nil nil nil 200 640 nilVlissingen nil nil nil nil nil nil nil 160 nilSingapore nil nil nil nil nil nil nil nil nilTotal nil nil nil nil nil nil 200 1,520 nilAlum.alloy Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil nil nil nil 3,280 nilBremen nil nil nil nil nil nil 100 nil nilHamburg nil nil nil nil nil nil 60 nil nilGenoa nil nil nil nil nil nil 11,740 nil nilTrieste nil nil nil nil nil nil 9,320 1,140 nilGwangwang nil 200 nil nil nil nil nil 200 nilIncheon nil nil nil nil nil nil nil nil nilRotterdam nil nil nil nil nil nil 760 6,740 nilVlissingen nil nil nil nil nil nil 320 12,640 nilJohor nil nil nil nil nil nil nil 4,360 nilSingapore nil nil nil nil nil nil 140 10,460 nilBilbao nil nil nil nil nil nil 2,120 40 nilLiverpool nil nil nil nil nil nil 320 nil nilTotal nil 200 nil nil nil nil 24,880 38,860 nilNickel Delivered in Delivered out Total Cats Pellets Briqs Cats Pellets Briqs Cats Pellets Briqs Singapore 6 nil nil 6 nil nil 132 nil 276St Louis nil nil nil nil nil nil nil nil nilTotal 6 nil nil 6 nil nil 132 nil 276

Nickel full plate cats Delivered Delivered Total In OutHamburg nil nil 1,104 Busan nil 204 4,914Gwangyang nil nil 3,948Rotterdam 834 1,398 103,086Singapore nil 6 6,498Gothenburg nil nil 1,356Helsingborg nil nil 3,888Hull nil nil 2,622Tyne & Wear nil 120 882Liverpool nil nil 3,984Total 834 1,728 132,282Copper Delivered Delivered Total In Out cats cats catsAntwerp nil nil 750Hamburg nil nil 8,875Leghorn nil 75 3,500Trieste nil nil nilBusan 2,500 nil 57,225Gwangyang nil nil 3,900Incheon nil nil 5,675Johor nil 250 1,500Port Klang nil nil 25Rotterdam 4,600 1,525 19,425Vlissingen nil nil nilSingapore 1,250 225 14,600Bilbao nil nil 1,525Liverpool nil nil 175Baltimore nil nil 4,675 Chicago 850 9,050 34,525Mobile nil nil 6,425New Orleans 1,950 2,525 130,450St Louis nil 300 101,225Total 11,150 13,950 394,475Cobalt Delivered Delivered Total In OutRotterdam nil 29 226Singapore nil nil 36Baltimore nil 2 18Total nil 31 280Roasted Molybdenum Concentrate RMC Powder Delivered Delivered Total In OutRotterdam nil nil 282Singapore nil nil nilBaltimore nil nil nilTotal nil nil 282

Lead Delivered Delivered Total In OutAntwerp 650 nil 16,975Hamburg nil 50 3,975Genoa nil nil 9,350Leghorn 300 nil 8,800Johor 400 nil 19,800Port Klang 3,150 nil 29,000Trieste nil nil 6,000Rotterdam 2,975 nil 13,600Vlissingen 325 nil 8,175Singapore 1,725 125 44,425Barcelona 100 nil 13,875Bilbao 450 nil 27,100Liverpool nil nil 475Baltimore nil 175 6,550Chicago 750 nil 6,950Detroit 825 nil 39,700Long Beach nil 450 26,325Los Angeles 400 nil 1,000Mobile nil 25 1,150New Orleans 775 nil 5,700Total 12,825 825 288,925Zinc Delivered Delivered Total In OutTrieste nil nil 6,550Johor nil 50 92,225Port Klang nil nil 60,000 Rotterdam nil nil 25,525Vlissingen nil nil 25Singapore nil 575 7,225Dubai nil nil 2,000Bilbao nil nil 600Hull nil nil 3,925Liverpool nil nil 200Chicago nil nil 23,275Detroit nil nil 88,725Long Beach nil nil 4,225Los Angeles nil 300 4,475New Orleans nil 50 390,100St Louis nil nil 25Toldeo nil nil 975Total nil 975 710,075Tin Delivered Delivered Total In OutAntwerp nil nil nilBusan nil nil 70Gwangyang nil nil 110Rotterdam nil nil 150Johor 660 505 13,650Singapore 440 35 4,140Baltimore 495 nil 655Total 1,595 540 18,775

NASAAC ingots Delivered Delivered Total In OutBaltimore 440 nil 8,700Chicago nil 80 5,300Detroit nil 100 11,080Long Beach nil nil 180New Orleans nil nil 1,320Owensboro nil nil nilSt Louis nil nil nilTotal 440 180 26,580NASAAC T-Bars Delivered Delivered Total In OutBaltimore nil nil 3,360Chicago nil nil nilDetroit nil 40 4,420Louisville nil nil nilOwensboro nil nil nilSt Louis nil nil nilTotal nil 40 7,780NASAA large sows Delivered Delivered TotalBaltimore nil nil 3,320Chicago nil nil 160Detroit nil nil nilLouisville nil nil nilOwensboro nil nil nilTotal nil nil 3,480NASAA small sows Delivered Delivered Total In OutBaltimore nil nil nilChicago nil 220 63,740Detroit nil 180 22,140Louisville nil nil 1,380Mobile nil nil 200New Orleans nil nil 4,000St Louis nil nil 6,860Total nil 400 98,320Shanghai Futures Exchange DeliverableAluminium 426,381Copper 129,250Zinc 326,210Steel Billet Delivered in Delivered out TotalKocaeli nil nil nilTekirdag nil 195 910Johor Ref nil nil nilRotterdam nil nil 49,790Incheon nil nil 2,860Chicago nil nil 325Total nil 195 53,885

Pric

esExchange Rates & New York Futures

Non-Ferrous Primary Metals

Feb 2 Feb 4AluminiumLME prices: see Daily MetalEuropean free market: $/tonne in warehousemin 99.7% ingot duty unpaid premium indicator 110-135* 110-135*LME duty-paid Premium Indicator/HG Cash 190-205* 190-205*HG duty-paid three months 185-200* 185-200*Cif Japan: 99.7% duty unpaid premium indicator quarterly 112-113* 112-113*CIS-origin: indicators in warehouse Europe: A7e premium 110-135* 110-135*LME warehouse premium Singapore: 80-90* 80-90*Extrusion billet premium 6063, EC duty paid,in warehouse Rotterdam ($/tonne) 420-450* 420-450*US free market: P1020 US midwestpremium indicator ($/lb) 0.062-0.065* 0.062-0.065*MB free market alumina: Metallurgical grade,spot fob, $/tonne 380-390* 380-390*MB Chinese free market,Metallurgical grade, delivered duty paid RMB/tonne 2,700-2,900* 2,700-2,900*Alumina Index fob Australia 383.40Copper & BrassLME: see Daily MetalProducer premium(Codelco): contract2011 Grade A cathode (average) 98 98MB free market US: High-grade cathodepremium indicator, $/tonne 99.00-132.00* 99.00-132.00*MB European free market premium: $/tonneN. Europe Grade A 50-95* 50-95*LME warehouse premium Singapore: 50-60* 50-60*Chinese Grade 1: 55-60* 55-60*Cif Shanghai premium LME Grade A: 50-60* 50-60*Germany: (VDM) Electro, €/tonne wirebar (DEL): 7,294.50-7,319.10 7,294.50-7,319.10cathodes: 7,230.00-7,330.00 7,230.00-7,330.00South Africa: Phalaborwa W/B, Rand/tonne 79,310.15 79,310.15TinKuala Lumpur and LME prices: see Daily MetalMB European free marketSpot premium 99.9% $ per tonne 500-550* 500-550*Spot premium 99.85% $/tonne 430-480* 430-480*MB US free market: Grade A tin premium $/lb 0.27-0.32* 0.27-0.32*

Feb 2 Feb 4NickelLME prices: see Daily MetalEurope: $/tonne in warehouse Rotterdamuncut cathodes premium indicator 150.00-200.00* 150.00-200.00*4x4 cathodes premium indicator 350.00-400.00* 350.00-400.00*briquettes premium indicator 350.00-400.00* 350.00-400.00*US: melting premium indicator $/lb 0.35-0.50* 0.35-0.50*plating premium indicator $/lb 0.65-1.00* 0.65-1.00*LeadLME prices: see Daily MetalGermany: (VDM) virgin soft, €/tonne 2,010.00-2,050.00 2,010.00-2,050.00MB US: High Grade ingot premium indicator, $/lb 0.0500-0.0650* 0.0500-0.0650*MB European free market:in warehouse Rotterdam €/tonne 15-25* 15-25*European Automotive battery premium free market (Eurobat)in warehouse Rotterdam €/tonneSoft lead (average) 164.82* 167.97*Ca/Ca grid lead (average) 221.58* 227.95*Connector lead (average) 198.55* 203.82*European Industrial batterypremium free market (Eurobat)in warehouse Rotterdam €/tonne (average) 93.01* 98.22*LME warehouse premium Singapore: 30-40* 30-40*Cif Shanghai premium LME: 100-100* 100-100*Lead concentrates: 70/80% Pb $/tonne T/C, cif. 200-250* 200-250*ZincLME prices: see Daily MetalGermany: (VDM) virgin, €/tonne 1,900-1,940 1,900-1,940UK: ThyssenKrupp Metallurgie GMbHcontract price forFebruary 2011Special high grade, £/tonne 1,615.00 1,615.00MB US: Special high grade, $/lb 0.0450-0.0550* 0.0450-0.0550*MB EU: Special high grade, fot Rotterdam, $/tonne 110.00-130.00* 110.00-130.00*LME warehouse premium Singapore: 60-100* 60-100*Cif Shanghai premium LME: 80-80* 80-80*Zinc Concentrates:cif main port $/tonne 250-270* 250-270*

Precious Metals

Base Metals

Feb 2 Feb 4IridiumMB free market: min. 99.9%, $/troy oz in warehouse 840-890* 845-895*Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 865 875Engelhard base price: $/troy oz 865 875PalladiumWorld prices: see Daily MetalEuropean free market: min. 99.9%,$/troy ozin warehouse 820-825* 814-819*Engelhard base price: $/troy oz 826 811Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 825 819

Feb 2 Feb 4PlatinumWorld prices: see Daily MetalEuropean free market: min. 99.9%, $/troy ozin warehouse 1,830-1,835* 1,841-1,846*Engelhard base price: $/troy oz 1,817 1,831Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 1,835 1,846RhodiumEuropean free market: min. 99.9%, $/troy ozin warehouse 2,450-2,500* 2,450-2,500*Engelhard base price: $/troy oz 2,500 2,500Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 2,500 2,500RutheniumEuropean free market: min. 99.9%, $/troy ozin warehouse 160-200* 160-200*Engelhard base price: $/troy oz 180 180Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 180 180

Exchange Rates Jan 28 Jan 31 Feb 1 Feb 2 Feb 3LME Settlement Conversion Rates$/£ 1.5920 1.5920 1.6110 1.6193 1.6206$/Yen 82.27 82.18 81.55 81.48 81.76$/€ 1.3714 1.3702 1.3758 1.3802 1.3757Closing Rates, Midpoint$/£ 1.5844 1.6018 1.6154 1.6190 1.6146$/Yen 82.29 81.93 81.50 81.62 81.82$/€ 1.3625 1.3710 1.3792 1.3809 1.3631£/€ 1.1629 1.1684 1.1713 1.1724 1.1845

Standard Bank pricesStandard Bank’s rand fixing prices per tonne for London Metal Exchange trade Jan 28 Jan 31 Feb 1 Feb 2 Feb 3Copper R68,117.77 R69,867.36 R70,379.26 R71,106.75 R71,633.65Aluminium R17,437.87 R17,844.21 R18,101.71 R18,035.88 R18,112.68Lead R18,077.14 R18,516.29 R18,738.24 R18,682.95 R19,019.76Zinc R16,336.90 R16,776.79 R17,189.83 R17,467.45 R17,695.14Nickel R190,537.98 R194,615.10 R197,788.56 R198,162.25 R199,988.22Tin R212,379.70 R216,358.80 R214,452.72 R218,396.75 R221,009.30

New York futuresYear ago Feb 2 Jan 27 Jan 28 Jan 31 Feb 1 Feb 2(Comex) Copper high grade cents/lb296.80 Feb ̀ 11 433.20 436.55 445.10 454.00 453.40132,170 Open Interest 155,041 155,885 155,653 160,259 161,290104,648 Stocks (short tons) 69,894 70,269 70,670 72,069 73,220(Comex) Gold $/troy oz1112.00 Feb ̀ 11 1342.00 1316.90 1325.70 1337.40 1335.90480,332 Open Interest 488,939 478,913 463,700 462,907 463,0489,922,989 Stocks (troy oz) 11,590,700 11,590,700 11,496,277 11,404,748 11,401,850(Nymex) Palladium $/troy oz442.40 Nymex Sett Mar 813.00 810.00 805.85 823.85 821.456,305 Stocks (troy oz) 5,952 5,952 5,946 5,946 5,937(Nymex) Platinum $/troy oz1573.80 Nymex Sett Mar 1808.70 1777.40 1784.40 1797.00 1834.402,715 Stocks (troy oz) 2,151 2,151 2,151 2,151 1,967(Comex) Silver cents/troy oz1651.00 Feb ̀ 11 2747.00 2693.50 2779.50 2830.50 2853.50123,292 Open Interest 123,551 124,343 123,380 125,287 126,251

Shanghai futuresYear ago Feb 3 Jan 28 Jan 31 Feb 1 Feb 2 Feb 3Aluminium yuan/tonne (February delivery)16,140 16,585 16,625 16,755 closed closedCopper yuan/tonne (February delivery)55,160 70,840 72,230 73,540 closed closedZinc yuan/tonne (February delivery)17,245 18,050 18,350 18,900 closed closed


Pric

es


Minor metalsThe specification for all minor metals will be as laid down by the Minor Metals Trade Assn and published on their website (www.mmta.co.uk), unless otherwise indicated.Prices will be basis in warehouse Rotterdam, unless otherwise stated, and will reflect a trading range of business done at the time of the assessment. Feb 2 Feb 4AntimonyMB free marketRegulus, min 99.65%, max Se 50 ppm, max 100 ppm Bi,$/tonne in warehouse Rotterdam 13,300-13,800* 13,300-13,800*MMTA Standard Grade II, $/tonne in warehouse Rotterdam 13,300-13,800 13,300-13,800MB Chinese free marketMMTA Standard Grade II, delivered duty paid RMB/tonne 89,000-90,000* 89,000-90,000*ArsenicMB free market$/lb 0.60-0.65* 0.60-0.65*BismuthMB free market$/lb 9.20-10.20* 9.40-10.20*CadmiumMB free marketmin. 99.95%, cents/lb 140-160* 140-160*min. 99.99%, cents/lb 145-165* 145-165*ChromiumMB free marketalumino-thermic, min. 99%, $/tonne 13,000-14,000* 13,000-14,000*western un-degassed AT, min. 99.4%, $/kg d/d 10.25-10.65* 10.25-10.65*CobaltMB free marketHigh Grade, $/lb 19.50-21.00* 19.00-20.50*Low Grade, $/lb 18.10-19.10* 18.10-19.10*MB Chinese free marketConcentrate min 8% cif main Chinese ports $/lb 14.00-14.60* 14.00-14.60*GalliumMB free market $/kg 620-650* 620-650*Germanium dioxideMB free market $/kg 810-950* 920-990*IndiumMB free market $/kg 530-600* 530-600*MB Chinese free marketCrude min 98% duty unpaid in w/house China RMB/kg 2,950-3,050* 2,950-3,050*Indium Corp ingots min. 99.97%, $/kg fob 640-640 640-640

Feb 2 Feb 4MagnesiumEuropean free market $ per tonne 2,800-3,000* 2,800-3,000*China free marketmin 99.8% Mg, fob China main ports, $ per tonne 2,930-3,000* 2,930-3,000*MB Chinese free market min 99% Mg, ex-works RMB/tonne 16,700-17,500* 16,700-17,500*Manganese FlakeMB free market $/tonne 3,300-3,450* 3,400-3,475*MercuryMB free market $ per flask 1,250-1,400* 1,250-1,400*Rhenium in warehouse Rotterdam duty paidMetal Pellets, min 99.9% $/lb 2,000-2,250* 2,000-2,250*APR catalytic grade $/kg Re 4,000-5,000* 4,000-5,000*SeleniumMB free market $/lb 50.00-56.00* 50.00-56.00*SiliconMB free market €/tonne 2,500-2,700* 2,500-2,700*US free market cents/lb 160-170* 160-170*Hong Kongmin. 98.5%, $/tonne fob main Chinese ports 2,550-2,600* 2,550-2,600*TelluriumMB free market $/kg 235-300* 235-300*TitaniumMB free market ferro-titanium70% (max 4.5% Al), $/kg Ti d/d Europe 8.00-8.40* 7.90-8.20*Titanium Ores $/tonne Rutile conc min. 95% TiO2 bagged, fob/Aus 760-805 760-805Rutile bulk conc min. 95% TiO2 fob/Aus 625-700 625-700Ilmenite bulk conc min. 54% TiO2 fob/Aus 65-85 65-85

Noble Alloys & Ores Feb 2 Feb 4Lithium OresPetalite, 4.2% Li2O bagged fob Durban, $/tonne 165-260 165-260Spodumene > 7.25% Li2O cif Europe, $/tonne 720-770 720-770MolybdenumMolybdic oxideEuropeDrummed molybdic oxide, $/lb Mo 17.50-17.70* 17.60-17.75*USCanned molybdic oxide, $/lb Mo 17.10-17.30* 17.10-17.30*Ferro-Molybdenumbasis 65-70% Mo, $/kg Mo 44.00-45.25* 44.20-45.80*basis 60% Mo, $/kg Mo, duty unpaid in warehouse Rotterdam 38.00-40.00* 38.00-40.00*US free market, 65-70% Mo, $/lb in warehouse Pittsburgh 19.50-20.00* 19.50-20.00*Hong Kong, min. 60% Mo, $/kg Mo, fob main Chinese ports 40.00-40.00* 40.00-40.00*MB Chinese free marketConcentrate 45% Mo, in warehouse China RMB/mtu 2,120-2,150* 2,120-2,150*UraniumNuexco spot price indicator $/lb U3O8 65.00 65.00ZirconFoundry grade bulk, $/tonne fob Australia 900-1,000 900-1,000Premium bulk, $/tonne fob Australia 1,100-1,300 1,100-1,300

Feb 2 Feb 4TungstenEuropean free marketAPT, $/mtu 340-345* 340-345*US free marketAPT, $/stu 305-309* 305-309*Hong KongAPT Chinese No1, $/mtu fob main Chinese ports 330.00-340.00* 330.00-340.00*MB Chinese free marketConcentrate 65% W03, in warehouse China RMB/tonne 114,000-115,000* 114,000-115,000*Ferro Tungstenbasis 75% W min, $/kg W, in warehouse Rotterdam,duty unpaid 43.00-44.50* 44.00-44.50*Hong Kong, min. 75% W, $/kg W, fob main Chinese ports 42.00-46.00* 42.00-46.00*Tungsten OreMin. 65% WO3 $/mtu WO3 140-160* 140-160*VanadiumFerro vanadium basis 70-80%, $/kg V 30.50-31.75* 30.50-31.75*US free market ferro-vanadium, $/lb, in warehouse Pittsburgh 13.00-14.00* 13.00-14.00*Vanadium pentoxide cif Europe min 98% $ per Ib V2O5 6.80-7.40* 6.80-7.40*Vanadium pentoxide US free market min 98% $ per Ib V2O5 6.50-6.75* 6.50-6.75*

Bulk Alloys Feb 4Ferro-Chrome $/lb CrLumpy Cr charge, basis 52% Cr, (and high carbon) quarterly 1.25-1.25*6-8% C basis 60% Cr, max 1.5% Si 1.20-1.30*European low carbon 0.10% C average 60-70% Cr quarterly 2.10-2.20*0.10% C average 60-70% Cr 2.10-2.20*European low carbon, in warehouse, 0.06% C max - 65%Cr 2.15-2.25*Low phosphorous Cr min 65%, C max 7%, Si max 1%, P max 0.015%, Ti max 0.05% 1.45-1.55*US free market, in warehouse Pittsburgh,6-8% C basis 60-65% Cr, max 2% Si 1.300-1.400*US free market, low carbon, duty paid, fob Pittsburgh,0.05%C - 65% min Cr 2.40-2.50*0.10%C - 62% min Cr 2.20-2.35*0.15%C - 60% min Cr 2.09-2.11*Spot 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 9,200-9,300*Contract 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 8,900-8,900*Chrome Ore $/tonneChrome ore, cif main Chinese portsSA friable lumpy basis 35-40% 285-310*SA LG6 Met grade basis 42% 290-315*SA UG2 Met grade basis 40% 260-285*Turkish lumpy 40-42% cfr main Chinese ports 370-390*

Feb 4Ferro-Manganesebasis 78% Mn (Scale pro rata), standard 7.5% C, Euro/tonne 1,100-1,150*US free market, 78% Mn, standard 7.5% C, $/long ton in warehouse Pittsburgh 1,310-1,330*US free market, medium carbon, duty paid, fob Pittsburgh,80% min Mn, 1.5% max C, $/lb 1.17-1.20*Hong Kong, min. 75% Mn, 7.5% C, fob main Chinese ports 1,480-1,530*MB Chinese free marketmin 65% Mn, max 7.0% C, in warehouse China RMB/tonne 7,700-7,800*Manganese Ore48/50% Mn Max 0.1%P, $/mtu metallurgical Mn, fob 6.50-7.50Ferro-SiliconLumpy, basis 75% Si (Scale pro rata), Euro/tonne 1,450-1,510*US free market, $/lb in warehouse Pittsburgh:lumpy basis 75% Si imported 1.04-1.07*Hong Kong, min. 75%, fob main Chinese ports 1,490-1,520*MB Chinese free marketmin 75% in warehouse China RMB/tonne 7,000-7,200*Silico-ManganeseLumpy, 65-75% Mn basis, 14-25% Si (Scale pro rata) Euro/tonne 1,020-1,100*US free market, $/lb in warehouse Pittsburgh: 0.57-0.60*Hong Kong, min. 65% Mn, max 17% Si,fob main Chinese ports 1,500-1,520*MB Chinese free marketmin 65% Mn max 17% Si,in warehouse China RMB/tonne 7,900-8,200*

l All prices $/tonne, duty paid, delivered consumers’ works, unless otherwise shown. Other currency prices are given where the local markets are dominant or active. Date indicates last price change. These markets last assessed on Feb 04 (UK), Feb 03 (US). l Reminder: prices marked * are MB copyright. These markets were last assessed on Feb 04 (Europe and Asia) and Feb 03 (USA).l All Chinese domestic prices include VAT of 17%

Pric

esWorld SteelEU ImportsMetal Bulletin’s appraisal of cfr prices for imported, non-EU orign, commercial-quality carbon steel, € per tonne cfr main EU port (€/$=0.73).Rebar 550-560 26/01 FebWire rod (mesh quality) 560-570 26/01 FebPlate (up to 10mm) 530-550 31/01 FebPlate (10-50mm) 550-560 31/01 FebHot rolled coil 570-580 20/01 FebCold rolled coil 670-680 20/01 FebHot-dip galvanized coil 650-660 20/01 JanEU exportsMetal Bulletin’s appraisal of EU mills’ prices for export outside the EU of commercial-quality carbon steel, $ per tonne fob main EU portRebar 710-730 26/01 FebWire rod (mesh quality) 730-740 26/01 FebEU domesticMetal Bulletin’s appraisal of prices within the EU (excluding the UK) for commercial-quality carbon steel of EU origin, € per tonne delivered basis point (€/$=0.73)Rebar 560-570 26/01 FebWire rod (mesh quality) 570-580 26/01 FebSections (medium) 670-680 31/01 MarPlate (up to 10mm) 660-670 31/01 FebPlate(10-50mm) 690-710 31/01 FebHot rolled coil 590-620 26/01 MarCold rolled coil 670-700 26/01 MarHot-dip galvanized coil 670-680 26/01 Mar

CISProduct Price Date MonthCIS Exports (Black Sea)Metal Bulletin’s appraisal of CIS mills’ prices for export outside the CIS of commericial-quality carbon steel, $ per tonne fob stowed main Black Sea port.Billet 630-640 31/01 FebSlab 650-680 02/02 MarRebar 690-700 31/01 FebWire rod (mesh) 700-710 31/01 FebHeavy plate (10-50mm) 710-715 21/01 FebHot rolled coil 700-730 19/01 FebCold rolled coil 810-840 10/01 FebCIS DomesticMetal Bulletin’s appraisal of prices within Russia and Ukraine for commercial-quaility carbon steel of CIS origin, $ per tonne ex-works.Rebar 710-720 03/02 FebHot rolled coil 705-715 03/02 FebCold rolled coil 800-810 03/02 Feb

Middle EastProduct Price Date MonthTurkish ExportsMetal Bulletin’s appraisal of Turkish mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main Turkish port.Billet 665-670 27/01 FebRebar 700-710 27/01 FebWire rod (mesh quality) 710-720 27/01 FebMerchant bars 740-745 27/01 FebTurkish DomesticMetal Bulletin’s appraisal of prices within Turkey for commercial-quailty carbon steel of Turkish origin, $ per tonne ex-works.Billet 665-670 27/01 FebRebar 710-720 27/01 FebWire rod (mesh quality) 720-730 27/01 FebHot rolled coil 820-850 03/02 MarCold rolled coil 940-990 03/02 MarTurkish importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Turkish port.Billet 680-690 27/01 FebHot rolled coil 760-770 03/02 MarCold rolled coil 840-870 03/02 MarGCC country importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Gulf port.Billet 670-680 01/02 MarRebar 700-710 01/02 MarHot rolled coil 800-820 01/02 FebCold rolled coil 900-910 01/02 Feb

Product Price Date MonthIran DomesticMetal Bulletin’s appraisal of prices within Iran for commercial-quality carbon steel of Iranian origin, million rials per tonne delivered warehouse Tehran (m rials/$=10,900).Rebar (12-25)mm) 8.10-8.30 02/02 FebEqual Angles 8.00-8.90 02/02 Febl-beams 7.85-7.95 02/02 FebPlate 8.10-8.30 02/02 FebHot rolled coil 7.40-7.80 02/02 FebCold rolled coil 9.70-10.00 02/02 FebHot-dip galvanized coil 10.90-11.40 02/02 FebHollow sections 8.00-8.15 02/02 FebIran ImportsMetal Bulletin’s appraisal of prices quoted by overseas suppliers for commercial-quality carbon steel to Irainian buyers, $ per tonne cfr Iranian northern portsBillet 660-680 02/02 AprRebar 710-720 02/02 AprEgyptian DomesticMetal Bulletin’s appraisal of prices within Egypt for commercial-quality carbon steel of Egyptian origin, E£ per tonne ex-worksRebar 4,350 01/01 Jan

South AmericaProduct Price Date MonthSouth American exportsMetal Bulletin’s appraisal of South American mills’ prices for export outside South America of commercial-quality carbon steel, $ per tonne fob stowed main South American port.Billet 635-640 03/02 FebSlab 680-700 03/02 FebRebar 685-690 03/02 FebMerchant bar (equal angles) 510-520 19/03 AprWire rod mesh quality 690-700 03/02 FebWire rod drawing quality 690-700 03/02 FebMedium plate: 3-10mm 840-850 03/02 MarHeavy plate: over 10mm 830-850 03/02 MarHot rolled coil (dry) 760-780 03/02 MarCold rolled coil 840-860 03/02 MarGalvanized coil 750-780 16/12 Jan

NaftaProduct Price Feb 3US ImportsMetal Bulletin’s appraisal of prices for imported, non-Nafta origin, commercial-quality carbon steel, $ per short ton cfr Gulf.Slab 544-590 Rebar 660-670 Merchant bars 710-720 Wire rod (low carbon) 660-680 Medium sections 640-650 Heavy sections (over 24in) 730-740 Medium plate 635-660 Heavy plate 690-700 Hot rolled coil (commodity) 550-560 Cold rolled coil 650-680 Galvanized coil (base US) 870-880 US domesticAMM’s appraisal of prices within the USA for commercial-quality carbon steel of US or Canadian origin, $ per short ton, delivery terms as indicated.Rebar (fob mill) 785-785 Wire rod (mesh quality; delivered) 870-870 Plate (fob mill) 900-900 Hot rolled coil (fob mill) 840-840 Cold rolled coil (fob mill) 940-940 Hot-dip galv coil (fob mill) 1045-1045

AsiaProduct Price Date MonthChina ExportsMetal Bulletin’s appraisal of Chinese mills’’ prices for export of commercial-quality carbon steel, $ per tonne fob main China port.Billet 817-820 28/01 MarRebar 710-720 28/01 MarWire rod (mesh quality) 740-750 28/01 MarHeavy plate 720-730 28/01 MarHot rolled coil 700-710 28/01 MarCold rolled coil 800-810 28/01 MarGalvanized coil 1mm 820-830 28/01 MarChina ImportsMetal Bulletin’s appraisal of prices for imported, non-EU origin, commercial-quality carbon steel, $ per tonne cfr main China port.Cold rolled coil, 1mm & below 560-580 16/10 DecHot dip galvanized coil 570-600 16/10 Dec

Product Price Date MonthEastern China DomesticMetal Bulletin’s appraisal of prices in Eastern China for commercial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.58)Rebar 4,730-4,900 28/01 JanWire rod (mesh) 4,680-4,760 28/01 JanSections 4,800-4,860 28/01 JanPlate 4,950-5,020 28/01 JanHot rolled coil (min 2mm) 4,750-4,770 28/01 JanCold rolled coil (0.5 - 2mm) 5,520-5,590 28/01 JanHot-dip galvanized coil 5,620-5,720 28/01 JanSouthern China DomesticMetal Bulletin’s appraisal of prices in Southern China for commer-cial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.58)Rebar 4,980-5,300 28/01 JanWire rod (mesh) 4,830-4,950 28/01 JanSections 4,950-5,050 28/01 JanPlate 5,010-5,020 28/01 JanHot rolled coil (min 2mm) 4,780-4,790 28/01 JanCold rolled coil (0.5 - 2mm) 5,550-5,600 28/01 JanHot-dip galvanized coil 5,750-5,850 28/01 JanIndian exportsMetal Bulletin’s appraisal of Indian mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main India port.Billet 550-555 03/12 DecPlate (12-40mm) 640-650 24/09 OctHot rolled coil (commodity) 610-620 03/12 JanHot-dip galvanized coil 830-840 24/09 SepIndian importsMetal Bulletin’s appraisal of prices for imported, non-EU origin, commercial-quality carbon steel, $ per tonne cfr main India port.Billet 600-610 31/12 JanPlate (20-60mm) 680-690 21/01 FebHot rolled coil (commodity) 720-730 04/02 MarHot rolled coil (CR grade) 735-740 28/01 MarCold rolled 775-780 28/01 MarHot dip-galvanized coil 805-810 13/08 AugIndian domesticMetal Bulletin’s appraisal of prices within India for commercial-quality carbon steel, rupees per tonne ex-works.Billet 28500-29000 04/02 FebHeavy plate 38500-39000 04/02 FebHot rolled coil 37250-38250 04/02 FebCold rolled coil 40500-41000 21/01 JanHBI 19100-19200 07/01 JanHot-dip galvanized coil 41000-42000 07/01 Jan

SteelBenchmarkerTM PricesProduct Price Jan 24Prices in $/metric tonne, except (short ton) and {€ per tonne}Region: USA, East of the MississippiRebar 784(712)Standard plate 982(890)Hot rolled coil 851(772)Cold rolled coil 977(886)Region: Mainland ChinaRebar 606Standard plate 626Hot rolled coil 614Cold rolled coil 717Region: Western EuropeHot rolled coil 753{553}Cold rolled coil 891{655}Region: World Export MarketStandard plate 761Hot rolled coil 705Cold rolled coil 806

Stainless SteelProduct Price Date MonthStainless Steel - Asia import$/tonne cif East Asian portGrade 304 2mm CR coil, 2B 3,400-3,550 28/01 MarGrade 304 HR sheet 3,200-3,350 28/01 MarStainless Steel - China Domesticyuan/tonne, in warehouseGrade 304 2mm CR coil 26,400-26,700 28/01 JanGrade 430 2mm CR coil 11,600-11,800 28/01 JanStainless Steel - EU export$/tonne fob N. European port.Min 100 tonne lotGrade 304 2mm CR sheet 3,750-3,820 07/01 JanStainless Steel - EU domestic2mm 304 cold rolled stainless sheet €/tonnebase price 1,130-1,180 07/01 JanAlloy Surcharge 1,759-1,767 01/01 Jan304 Stainless steel bright bar €/tonneBase price 1,100-1,120 07/01 JanAlloy Surcharge 2,266-2,569 01/01 Jan

Key:Date: Date of last reported transactionsMonth: Month of production in the case of export or domestic tables; month of delivery in the case of import tablesPrices in italics are offer prices not transaction l All prices are MB copyright except SteelBenchmarker


Pric

esPr

ices

Scrap, Secondary Metals, Scrap Substitutes & Iron OreFerrous scrapMB UK ferrous scrap indexThe following indices of UK ferrous scrap prices were compiled by Metal Bulletin from information supplied by UK steelmakers and iron-founders (Sept-Nov 1976 average = 100).Week ended Jan 26 Feb 2“A” Basic Scrap 696.91 696.91“B” Low Residual Scrap 608.90 608.90“C” Cast Iron Scrap 664.66 664.66“D” Low Grade Scrap 770.04 770.04Master Index 681.55 681.55UK ferrous scrapThe following is Metal Bulletin’’s evaluation of UK prices for processed scrap delivered to consumers. Prices may vary according to region and destination, and should therefore be read in conjunction with editorial comment on the Scrap & Secondary Metals pages.£/tonne Feb 4 Cut GradesOA plate and structural 250-2601 Old steel 230-2352 Old steel 235-24012A/C/D New Production heavy andshovellable steel 235-245Frag3B Fragmentised 235-245Bales and Cuttings4A New steel bales 265-2754C New steel bales 255-2658A New loose light cuttings 240-2508B New loose light cuttings 230-240Turnings7B Heavy steel turnings 195-205Cast Iron Jan 149A/10 Heavy and light cast iron Suspended9B/C Cylinder block scrap 310-33511A Cast iron borings 260-275Prices relate to new UK scrap specifications.‡‡Please see MB.com for full explanation of price changesUK Intermerchant weekly price£/tonne Feb 45C Loose old light 160-170UK ferrous scrap export MB assessment, $/tonne fob main UK port Jan 27 Feb 3HMS 1&2 (80:20 mix) 470-475 470-475Shredded 475-480 475-480Indian Imports MB assessment, $/tonne cfr Nhava Sheva Jan 27 Feb 3HMS 1&2 (80:20 mix) 430-460 440-450Shredded 480-485 470-480Alloy steel scrapUK wholesale merchants’ stainless (£/tonne) Feb 418/8 turnings 1,232-1,27118/8 solids 1,590-1,64012-13% Cr solids 210-25016-17% Cr solids 260-310Cif Europe stainless ($/tonne)18/8 solids 2,650-2,70018/8 turnings 2,252-2,295UK home high speed (pence/kg)6-5-2 solids 200-2206-5-2 turnings 130-160Rotterdam exportMB assessment, $/tonne fob Rotterdam Jan 27 Feb 3HMS 1&2 (80:20 mix) 470-475 470-475HMS 1&2 (70:30 mix) 460-465 460-465Shredded 475-480 475-480Turkish importMB assessment, $/tonne cfr main Turkish ports Jan 27 Feb 3HMS 1&2 (80:20 mix) 490-500 490-495HMS 1&2 (70:30mix) 480-485 480-485Shredded 495-505 495-505US exportMB assessment, $/tonne fob East Coast Jan 27 Feb 3HMS 1&2 (80:20 mix) 470-475 470-475Shredded 475-480 475-480USAIron Age scrap price bulletin composite - $/long ton delivered Pittsburgh/Chicago.Week ending Jan 27 Feb 3No 1 heavy melting 438.83 438.83No 2 bundles 372.00 372.00MB assessment of Broker Buying Price, $/tonne delivered DetroitNo 1 busheling 405.00 405.00No 1 bundles 385.00 385.00China domesticyuan/tonne delivered mill Jan 28Heavy Scrap 3,600-3,700GermanyEuro/tonne, delivered at scrapyard. Source: BDSV Dec JanNo E2/8 (new steel scrap) 313.90 354.60No E1 (old steel scrap) 264.20 316.60No E3 (old thick steel scrap) 296.10 338.50No E40 (shredded steel scrap) 293.40 355.70No E5 (steel turnings) 229.50 273.60

Non-Ferrous scrap EuropeAluminiumEuropean free market (MB assessment. €/tonne eff Feb 4)Floated Frag 1,450-1,500Cast 1,280-1,330Mixed turnings 6% 1,280-1,330LME Cash primary (lowest midday bid) $2,515.00LME 3 Months alloy (lowest midday bid) $2,290.00Germany (per 1000kg eff Feb 2) €Pure Cuttings 1,390-1,430Commercial Cast 1,300-1,350H9 Extrusions 1,730-1,830Alloy Turnings 1,020-1,180Source:VDMFrance (per 1000kg eff Feb 1) €Pure Cuttings 1,620-1,640Old Rolled 1,000-1,020Commercial Cast 1,100-1,120Source: Lettre d’Information MetauxItaly (per 1000kg eff Jan 28) €Pure Cuttings 1,485-1,535Old Mixed Scrap 1,305-1,355Commercial Cast 1,345-1,395Source: AssometCopperGermany (per 1000kg eff Feb 2) €Copper Wire (Berry) 6,840-7,020Heavy Copper 6,300-6,540Heavy Brass 3,490-3,770Brass Turnings (MS 58) 4,050-4,270Brass Sheet (MS 63) 4,150-4,700Source:Verein Deutscher MetallhandlerFrance (per 1000kg eff Feb 1) €Electro Cuttings 6,600-6,650No 1 Bright Wire 6,200-6,250Mixed (96%) 6,000-6,100Brass Plate Cuttings 70/30 4,700-4,800Brass Turnings 3,500-3,550Mixed Brass 3,400-3,450Source: Lettre d’Information MetauxItaly (per 1000kg eff Jan 28) €Electrolytic dd EN 12861-S-Cu-2 6,860-6,912Enamelled wire EN 12861-S-Cu-3 6,700-6,752New from tubes, strips etc EN 12861-S-Cu-4 6,820-6,872Old from tubes, strips etc 12861-S-Cu-7 6,550-6,602EN 12861-S-Cu-Zn-1-A-Cu 63.5% 4,869-4,946Mixed from valves/taps EN 12861-S-Cu-Zn-6 4,318-4,396Several 95% m/m 12861-S-Cu-Zn-7 4,118-4,196Source: Assomet

SteelBenchmarkerTM scrap pricesPrices in $/metric tonne, except [gross ton]Region: USA, East of the Mississippi Jan 24†Shredded Scrap 447 [455]No 1 Heavy melting scrap 418 [425]No 1 Busheling scrap 470 [477]†For shredded scrap the region is for all but the West CoastRegister as a price provider at www.steelbenchmarker.com

Scrap SubstitutesProduct Price Date MonthEU Imports €/tonne cfr Western EuropePig Iron 401-408 03/02 FebSouth American exports $/tonne, delivery terms as statedHot briquetted iron 330-350 03/02 MarPig Iron basic steelmaking;fob Vitorio/Rio 495-505 03/02 MarPig Iron basic steelmaking;fob Ponta da Madeira 520-530 03/02 MarUS Imports $/tonne cfr Gulf of MexicoPig Iron 535-540 20/01 FebCIS Exports $/tonne fob main Black/Baltic sea portPig Iron 520-530 03/02 FebChina Domestic yuan/tonne, delivered warehousePig Iron 3850-3900 28/01 Jan

China Iron orecfr main China port $ per dry metric tonneProduct Price Date MonthIron ore fines (63.5% fe) 181-183 04/02 FebIron ore pellets (65-66% fe) 210-211 28/01 Feb

MB Indices Feb 4 $/tonneIron ore index (62%) 183.41Ferrous Scrap CFR Turkey HMS 1&2 (80:20) 476.32Ferrous Scrap FOB Rotterdam HMS 1&2 (80:20) 450.29Ferrous Scrap CFR India Shredded 470.98

UK non-ferrous scrapThe following UK prices were assessed on Feb 2)Aluminium £/tonne Actual Price MB LME DiscountsGroup 1 Pure 99% min (baled) 1350-1400 145-195Group 1 Litho (baled) 1350-1400 145-195Commercial pure cuttings 1150-1200 345-395Clean HE9 extrusions 1275-1325 220-270Mixed alloy/Old Rolled cuttings 940-990 455-505Baled Old Rolled 1000-1050 395-445Commercial cast 1050-1100 345-395Cast wheels 1340-1380 65-105Commercial turnings 800-850 595-645Group 7 turnings 660-680 765-785LME primary avge: 1545.70LME alloy avge 1445.78Novelis Recycling UBC price 800-850Titanium $/lb cifTurnings, unprocessed type 90/6/4 (0.5% Sn max) 2.30-2.60Turnings, unprocessed 90/6/4 (over 0.5%, max 2% Sn) 2.20-2.40

Non-ferrous foundry ingotsAluminium UK effective February 2) £/tonneMB free marketLM24 Pressure diecasting ingot 1,670-1,710LM6/LM25 Gravity diecasting ingot 1,980-2,030NB: prices expressed delivered consumer works, LM series as specified in BS1490Aluminium Europe effective February 4) $/tonneMB free marketDuty unpaid in warehouse alloy premium 70-80Duty paid delivered works pressure €/tonnediecasting ingot price (DIN226/A380) 2,000-2,080Aluminium US effective February 3 $/lb delivered MidwestA380.1 alloy 1.18-1.19AFFIMET prices effective February 1 €/tonneAS 12 3,160AS 12 UN 3,250AS 9 U3 2,660AS 5 U3 3,010Reflects generally larger traded lotsVDM effective February 2) €/1000 kg deliveredDIN 226 2,330-2,480DIN 231 2,410-2,560DIN 311 2,390-2,540Aluminium Bronze UK effective February 1) £/tonneAB1 ex-works 6,050AB2 ex-works 6,350Source: C.F. Booth LtdBrass UK effective February 1) £/tonneSCB3 ex-works 4,010High Tensile HTB1 ex-works 4,520Source: C.F. Booth LtdGunmetal UK effective February 1) £/tonneLG2 85/5/5/5 ex-works 5,360LG4 87/7/3/3 ex-works 5,720G1.11.5 Pb ex-works 6,920Source: C.F. Booth LtdPhosphor Bronze UK effective February 1) £/tonnePB1 ex-works 7,850Source: C.F. Booth LtdPhosphor Copper UK effective February 1) £/tonne10% P ex-works 7,80015% P ex-works 7,900Source: C.F. Booth LtdZinc Alloys UK £/tonneBrock Metal Co January Contract Alloy Price (delivered UK, min 25 tonne lots)Brock Metal ZL3 2,095Brock Metal ZL5 2,142


l Prices and other information contained in this publication have been obtained by Metal Bulletin from various sources believed to be reliable. This information has not been independently verified by Metal Bulletin. Those prices and price indices which are evaluated or calculated by Metal Bulletin represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to Metal Bulletin. Such prices are collated through regular contact with producers, traders and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists.Efforts are made to ensure that pricing information is representative, but because of the possibility of human or mechanical error by our sources, Metal Bulletin, or others, Metal Bulletin does not guarantee the accuracy or completeness of any published information. Metal Bulletin is not responsible for errors or omissions, or for the results obtained by the use of such information, and disclaims any liability to any person for any loss or damage caused by such errors or omissions, including those arising from the negligence of Metal Bulletin, its employees, or representatives.Key:

Month: Month of production in the case of export or domestic tables; month of delivery in the case of import tablesl All prices are MB copyright; except SteelBenchmarker

metal bulletin january averages - valuation...

Documents