metal bulletin september averagesvaluationgateway.fbr.gov.pk/doc/mbweekly/oct11/mbweekly...unpaid...
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Monday 10 October 2011 | Metal Bulletin | 21
© 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 September Averages Low HighAluminiumEuropean free market $/tonne inwarehouse min 99.7% ingot dutyunpaid premium 120.000 140.000LME duty paid premium indicatorH/G Cash $/tonne 190.000 210.000Alumina Index fob Australia 364.394AntimonyMB free marketRegulus 99.65%, max Se 50ppm,$/tonne in warehouse 15,355.556 15,811.111MMTA Standard grade II $/tonne 15,288.889 15,744.444BismuthMB free marketmin. 99.99%, $/lb, tonne lots inwarehouse 12.767 13.389CadmiumMB free marketmin 99.95%, cents/lb in warehouse 100.000 124.444min 99.99%, cents/lb in warehouse 105.000 129.444CobaltMB free marketHigh Grade, $/lb in warehouse 17.100 18.000Low Grade, $/lb in warehouse 15.950 16.844CopperUS High-grade cathode premium indicator,$/tonne 99.000 121.000Germanium DioxideMB free market min 99.99%, $/kg 1,300.000 1,400.000GoldLondon per troy oz Morning $1,780.64773 Afternoon $1,771.85227 Morning £1,127.04873 Afternoon £1,121.46736 Handy/Harman $1,685.72 IndiumMB free marketIngots min 99.97%, $/kg in warehouse 716.667 777.778MagnesiumMB free marketmin 99.8%, $/tonne 3,100.000 3,200.000China free market min 99.8% 3,222.222 3,283.333MercuryMB free marketmin 99.99%, $/flask in warehouse 2,000.000 2,200.000MolybdenumFree market in warehouseEurope drummed molybdicoxide $/lb Mo 14.289 14.661US canned molybdic oxide $/lb Mo 14.433 14.983NickelFree market in warehouse premiumEurope $/tonne uncut cathodes 100.000 144.444 4x4 cathodes 288.889 338.889 briquettes 288.889 338.889US Melting $/lb 0.267 0.467 Plating $/lb 0.650 0.900PalladiumMorning $/troy oz $712.72727 Afternoon $/troy oz $708.95455 Platinum: per troy ozEuropean free marketMorning $/troy oz $1,755.72727 Afternoon $/troy oz $1,748.11364 RhodiumEuropean free marketmin 99.9% in warehouse, $/troy oz 1,780.556 1,830.556
Exchange rates (Closing Rates)$/£ 1.5778 $/yen 76.8030 $/euro 1.3760 Low HighBarclays Bank Quotation£/$ 1.5803 1.5805£/$ 3mth 1.5080 1.5083
Low HighSeleniumMB free marketmin 99.5% in warehouse $/lb 53.111 63.111SiliconMB free market €/tonne 2,200.000 2,372.222SilverLondonspot pence/troy oz 2,412.09636 2,412.09636spot cents/troy oz 3,815.45455 3,815.45455Handy/Harman cents/troy oz 3,629.41 3,629.41TinEuropean free marketSpot Premium 99.9% $/tonne 494.444 544.444Spot Premium 99.85% $/tonne 426.667 476.667Kuala Lumpur (ex-smelter) $/tonne 21,620.45
Ferro-Titanium70% (max 4.5% Al), $/kg d/d Europe 8.706 8.994TungstenEuropean free market APT $/mtu 458.889 469.444US free market APT $/stu 333.889 339.222Foundry ingotsAluminium LM24 1,607.500 1,677.500 LM6/LM25 1,895.000 1,962.500Aluminium Europe €/tonne 1,802.000 1,888.000Phosphor BronzePB1 ex-works £/tonne 7,197.500 Zinc Alloy10 tonne lots ZL3 £/tonne 1,889.000 OresFerro-Molybdenumbasis 60% Mo, $/kg 38.000 40.000basis 65-70% Mo, $/kg 35.244 35.956Tungstenmin 65% WO3, cif $/MTU WO3 140.000 160.000Vanadiummin 98%, other sources, $/lb V2O5 6.056 6.911Ferro-Vanadiumbasis 70-80%, $/kg V 27.633 28.578US Free market 70-80% 14.750 15.228Ferro-Tungstenbasis 75% W min 50.000 51.667
London Metal ExchangeHigh, low and average September (22 days)LME averages are mean of buyers and sellers except forsettlement and 3 months sellers. January - September 2011 September Low High Average $ $ $Copper Grade A ($)Cash 6,975.25 10,147.75 8,314.33 3 months 6,995.50 10,123.50 8,334.81 Settlement 6,975.50 10,148.00 8,314.84 3 months seller 6,996.00 10,124.00 8,335.64 Copper Grade A (£)Settlement 4,459.18 6,343.29 5,258.29 3 months seller 4,476.01 6,334.63 5,275.98 Tin ($)Cash 19,097.50 33,252.50 22,645.12 3 months 19,002.50 33,205.00 22,660.35 Settlement 19,100.00 33,255.00 22,655.23 3 months seller 19,005.00 33,210.00 22,671.14 Lead ($)Cash 1,993.00 2,938.75 2,297.90 3 months 1,974.25 2,852.50 2,280.94 Settlement 1,994.00 2,939.00 2,298.80 3 months seller 1,974.50 2,853.00 2,281.68 Lead (£)Settlement 1,282.36 1,797.44 1,453.85 3 months seller 1,269.70 1,746.24 1,444.27 Zinc ($)Cash 1,859.00 2,545.25 2,076.40 3 months 1,892.50 2,573.00 2,099.61 Settlement 1,860.00 2,545.50 2,076.77 3 months seller 1,893.00 2,574.00 2,100.16 Aluminium ($)Cash 2,169.75 2,771.75 2,296.31 3 months 2,205.25 2,773.00 2,332.47 Settlement 2,170.00 2,772.00 2,296.68 3 months seller 2,205.50 2,774.00 2,332.86 Aluminium Alloy ($)Cash 2,197.50 2,475.00 2,280.22 3 months 2,190.00 2,470.00 2,273.66 Settlement 2,200.00 2,480.00 2,285.68 3 months seller 2,195.00 2,471.00 2,279.36 Nickel ($)Cash 17,922.50 29,027.50 20,388.30 3 months 18,025.00 29,062.50 20,421.71 Settlement 17,925.00 29,030.00 20,392.05 3 months seller 18,050.00 29,075.00 20,430.23 Nassa ($)Cash 2,201.50 2,626.50 2,329.79 3 months 2,230.00 2,650.00 2,362.78 Settlement 2,202.00 2,627.00 2,331.77 3 months seller 2,235.00 2,655.00 2,367.73Cobalt ($)Cash 32,500.00 40,295.00 34,348.873 months 32,500.00 39,750.00 34,384.10Settlement 33,000.00 40,795.00 34,775.003 months seller 33,000.00 40,500.00 34,804.55Molybdenum ($)Cash 30,250.00 38,900.00 31,613.643 months 30,250.00 39,300.00 31,613.64Settlement 31,000.00 39,600.00 32,159.093 months seller 31,000.00 40,000.00 32,159.09Steel Billet ($)Cash 510.00 695.00 588.483 months 524.00 608.50 573.13Settlement 510.50 700.00 595.073 months seller 528.00 610.00 578.07LME Settlement Conversion Rates$/£ 1.5803 $/yen 76.785 $/euro 1.3774
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“LME settlement prices. All prices per tonne, unless otherwise stated, in LME warehouse, EU duty, if any paid, for buyers account.”
Year ago Oct 6 Sep 30 Oct 3 Oct 4 Oct 5 Oct 6Aluminium High Grade $2334.00-2335.00 LME Cash official 2206.00-2207.00 2119.50-2120.50 2132.00-2133.00 2131.50-2132.00 2169.50-2170.00 “unofficial” 2132.50-2135.50 2145.50-2150.50 2166.00-2168.00 2120.00-2121.00 2184.00-2186.002369.50-2370.00 LME 3 months official 2242.00-2243.00 2158.00-2159.00 2170.00-2171.00 2164.00-2165.00 2202.00-2203.00 “unofficial” 2165.00-2168.00 2180.00-2185.00 2201.00-2203.00 2155.00-2156.00 2218.00-2220.00 LME Tapo Notional Average Price(NAP) for Oct 2011 2300.95 2120.50 2126.75 2128.50 2138.88 LME stocks (tonnes) 4,563,750 4,558,250 4,556,600 4,551,750 4,548,725Aluminium Alloy (A380.1/DIN226/D12S) $2250.00-2260.00 LME Cash official 2245.00-2255.00 2145.00-2155.00 2160.00-2161.00 2130.00-2140.00 2140.00-2150.00 “unofficial” 2165.00-2175.00 2140.00-2150.00 2155.00-2165.00 2120.00-2130.00 2175.00-2185.002210.00-2220.00 LME 3 months official 2240.00-2250.00 2140.00-2150.00 2150.00-2160.00 2125.00-2135.00 2140.00-2150.00 “unofficial” 2160.00-2170.00 2135.00-2145.00 2150.00-2160.00 2125.00-2135.00 2170.00-2180.00 LME stocks (tonnes) 135,920 135,920 135,920 135,920 135,920N. American Special Aluminium Alloy2229.00-2230.00 LME Cash official 2250.00-2260.00 2210.00-2211.00 2217.00-2218.00 2220.00-2221.00 2205.00-2210.00 “unofficial” 2250.00-2260.00 2230.00-2240.00 2220.00-2230.00 2185.00-2195.00 2215.00-2225.002250.00-2260.00 LME 3 months official 2290.00-2300.00 2235.00-2245.00 2240.00-2250.00 2250.00-2260.00 2240.00-2250.00 “unofficial” 2280.00-2290.00 2260.00-2270.00 2250.00-2260.00 2215.00-2225.00 2240.00-2250.00 LME Stocks (tonnes) 151,360 151,360 151,400 151,460 151,400Copper Grade A$8215.00-8215.50 LME Cash official 7131.00-7131.50 6794.50-6795.00 6784.00-6785.00 6860.00-6860.50 7095.00-7095.50 “unofficial” 6879.00-6889.00 6805.00-6810.00 6884.00-6889.00 6730.00-6740.00 7133.00-7143.008238.00-8239.00 LME 3 months official 7155.00-7160.00 6819.50-6820.00 6810.00-6812.00 6880.00-6881.00 7120.00-7121.00 “unofficial” 6900.00-6910.00 6835.00-6840.00 6905.00-6910.00 6750.00-6760.00 7150.00-7160.00 LME Tapo Notional Average Price(NAP) for Oct 2011 8371.19 6795.00 6790.00 6813.50 6884.00 LME stocks (tonnes) 474,950 475,025 474,925 471,725 467,100Lead $2293.00-2293.50 LME Cash official 2060.00-2060.50 1999.00-1999.50 1960.00-1961.00 1945.00-1947.00 1943.50-1944.50 “unofficial” 2011.00-2016.00 1964.00-1967.00 1947.00-1952.00 1900.00-1905.00 1955.00-1960.002321.00-2321.50 LME 3 months official 2036.00-2037.00 1960.50-1961.00 1920.00-1920.50 1908.00-1910.00 1924.50-1925.50 “unofficial” 1990.00-1995.00 1935.00-1938.00 1910.00-1915.00 1870.00-1875.00 1930.00-1935.00 LME stocks (tonnes) 374,125 374,550 379,700 380,875 380,400Nickel$24850-24875 LME Cash official 18300-18305 18100-18105 18380-18385 18420-18425 18725-18730 “unofficial” 17870-17920 18570-18620 19270-19320 18370-18420 18745-1879524875-24880 LME 3 months official 18290-18300 18145-18150 18400-18450 18410-18415 18775-18780 “unofficial” 17900-17950 18600-18650 19300-19350 18400-18450 18775-18825 LME stocks (tonnes) 97,074 96,462 95,382 94,884 94,266Tin $26395.00-26400.00 LME Cash official 20845.00-20850.00 20055.00-20060.00 20300.00-20350.00 21245.00-21250.00 22100.00-22150.00 “unofficial” 19905.00-20005.00 20355.00-20455.00 20700.00-20750.00 20895.00-20995.00 22050.00-22100.0026350.00-26400.00 LME 3 months official 20850.00-20900.00 20100.00-20150.00 20300.00-20350.00 21200.00-21250.00 22125.00-22150.00 “unofficial” 29900.00-20000.00 20350.00-20450.00 20700.00-20750.00 20900.00-21000.00 22050.00-22100.00 LME stocks (tonnes) 20,920 20,585 20,525 20,705 20,290Zinc Special High Grade $2297.00-2298.00 LME Cash official 1904.50-1905.00 1847.00-1847.50 1835.00-1835.50 1830.50-1831.00 1843.00-1843.50 “unofficial” 1848.50-1853.50 1852.50-1857.50 1852.00-1854.00 1807.00-1809.00 1840.00-1845.002326.00-2326.50 LME 3 months official 1924.50-1925.00 1870.50-1871.00 1857.50-1858.00 1852.00-1852.50 1865.00-1865.50 “unofficial” 1870.00-1875.00 1875.00-1880.00 1875.00-1877.00 1830.00-1832.00 1860.00-1865.00 LME stocks (tonnes) 818,825 815,700 814,525 810,725 807,925Cobalt min 99.3%38800.00-39300.00 LME Cash official 32000.00-33000.00 32000.00-33000.00 32000.00-33000.00 32000.00-33000.00 31000.00-32000.00 LME 3 months official 32000.00-33000.00 32000.00-33000.00 32000.00-33000.00 32000.00-33000.00 31000.00-32000.00 LME stocks (tonnes) 297 296 294 294 294Molybdenum $31500.00-33500.00 LME Cash official 29500.00-31000.00 29500.00-31000.00 29500.00-31000.00 29500.00-31000.00 29500.00-31000.0032000.00-34000.00 LME 3 months official 29500.00-31000.00 29500.00-31000.00 29500.00-31000.00 29500.00-31000.00 29500.00-31000.00 LME stocks (tonnes) 258 258 258 258 270Steel Billet447.00-447.50 LME Cash Official 555.00-575.00 580.00-590.00 565.00-590.00 565.00-565.50 590.00-591.00 “unofficial” 555.00-575.00 580.00-590.00 565.00-590.00 565.00-565.50 590.00-591.00450.00-460.00 LME 3 months official 555.00-565.00 550.00-560.00 540.00-560.00 555.00-565.00 550.00-555.00 “unofficial” 555.00-565.00 550.00-560.00 540.00-560.00 555.00-565.00 550.00-555.00 LME stocks (tonnes) 52,715 52,195 52,195 52,910 53,040Gold $/troy oz1347.00 London morning 1629.00 1660.00 1672.00 1600.00 1649.501346.50 London afternoon 1620.00 1655.50 1638.00 1617.00 1635.001346.50 Handy/Harman 1620.00 1655.50 1638.00 1617.00 1635.00Silver per troy oz1442.42/2292.00 London Spot pence/cents 1952.55/3045.00 2001.29/3105.00 1989.60/3060.00 1853.96/2869.00 2077.08/3180.002307.00 Handy/Harman cents 3025.00 3080.00 3010.00 3009.00 3168.00Palladium $/troy oz589.00 London morning 627.00 604.00 592.00 561.00 595.00583.00 London afternoon 614.00 595.00 588.00 549.00 588.00Platinum $/troy oz1701.00 London morning 1538.00 1520.00 1484.00 1442.00 1504.001694.00 London afternoon 1511.00 1501.00 1481.00 1444.00 1495.00
DubaiDubai Gold & Commodities Exchange settlement prices. All prices per tonne fca on truck Jebel Ali free zone duty-unpaid customs-cleared Oct 3 Oct 4 Oct 5 Oct 6Rebar $ October delivery 635.00 635.00 635.00 635.00 November delivery 635.00 635.00 635.00 635.00
Kuala Lumpur tin marketYear ago Oct 6 Sep 30 Oct 3 Oct 4 Oct 5 Oct 6Tin $/tonne26,070 20,870 20,600 20,390 20,600 21,000
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LME & SHFE stocks (tonnes effective 5 October) Note:deliveries in and out for the week Sep 29 - Oct 5
Aluminium Delivered in Delivered out Total Ingots T Bars Sows Ingots T Bars Sows Ingots T Bars SowsAntwerp nil nil nil nil nil nil 35,050 25,025 250Hamburg nil nil nil nil nil nil 23,425 20,075 nilGenoa nil nil nil nil nil nil 13,125 nil nilLeghorn nil nil nil nil nil nil 975 nil 400Trieste nil nil nil nil nil nil 69,725 70,475 5,325Busan nil nil nil nil nil nil 34,850 7,400 5,650Gwangyang nil nil nil nil nil nil 35,200 15,700 nilIncheon nil nil nil nil nil nil 17,700 2,250 100Johor nil nil nil 9,475 nil nil 108,325 26,250 85,675Port Klang nil nil nil nil nil 75 875 nil 3,475Rotterdam nil nil nil 325 nil nil 209,750 223,550 62,100Vlissingen nil nil nil nil nil nil 337,100 376,025 nilSingapore nil nil 1,950 1,825 nil 250 330,950 104,075 127,450Bilbao 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 3,025 875 nilLiverpool nil nil nil 25 nil nil 4,125 nil 50,300Tyne & Wear nil nil nil 100 575 nil 12,250 47,000 3,575Baltimore nil 2,125 nil nil 500 nil 13,200 218,850 178,625Chicago nil nil nil nil 350 nil 500 47,000 24,400Detroit nil nil nil 675 650 6,250 23,875 676,250 432,700Long Beach nil nil nil 150 nil nil 175 200 50Los Angeles nil nil nil nil nil nil 75 5,975 2,675Mobile nil nil nil nil nil nil 181,225 2,050 nilNew Orleans nil nil nil 175 nil nil 97,225 30,075 8,400St Louis nil nil nil nil nil nil nil nil nilToledo nil nil nil nil nil nil 1,550 5,225 58,625Total nil 2,125 1,950 12,750 2,075 6,575 1,570,500 1,931,450 1,049,800
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 940 nilRotterdam nil nil nil nil nil nil 200 1,600 nilVlissingen nil nil nil nil nil nil nil 160 nilSingapore nil nil nil nil nil nil 400 nil nilTotal nil nil nil nil nil nil 600 2,700 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 2,020 nilBremen nil nil nil nil nil nil nil nil nilHamburg nil nil nil nil nil nil 60 nil nilGenoa nil nil nil nil nil nil 11,720 nil nilTrieste nil nil nil nil nil nil 9,320 640 nilGwangwang nil nil nil nil nil nil nil 200 nilIncheon nil nil nil nil nil nil nil nil nilRotterdam nil nil nil nil nil nil 860 14,300 nilVlissingen nil nil nil nil nil nil 320 12,640 nilJohor nil nil nil nil nil nil nil 6,000 nilPort Klang nil nil nil nil nil nil nil 200 nilSingapore nil nil nil nil nil nil 680 23,900 nilBilbao nil nil nil nil nil nil 2,120 nil nilLiverpool nil nil nil nil nil nil 320 nil nilTotal nil nil nil nil nil nil 25,400 59,900 nilNickel Delivered in Delivered out Total Cats Pellets Briqs Cats Pellets Briqs Cats Pellets Briqs Busan nil nil nil nil nil nil 60 nil nilRotterdam nil nil nil nil nil nil nil nil 36Singapore nil nil nil 6 nil nil 6 nil nilTotal nil nil nil 6 nil nil 66 nil 36
Nickel full plate cats Delivered Delivered Total In OutHamburg nil nil 1,068Busan nil nil 2,784Gwangyang nil 366 744Rotterdam 834 2,748 73,224Singapore nil 30 4,830Gothenburg nil nil 1,260Helsingborg nil nil 3,732Hull nil nil 3,384Liverpool nil nil 3,516Tyne & Wear nil nil 240Total 834 3,144 94,782Copper Delivered Delivered Total In Out cats cats catsAntwerp nil nil 425Hamburg nil nil 7,800Leghorn nil nil 6,250Trieste nil nil 1,075Busan nil 1,675 61,175Gwangyang nil 500 35,775Incheon nil 2,925 8,250Johor nil nil 3,650Port Klang nil nil 6,300Rotterdam 5,500 650 30,725Vlissingen nil nil 5,225Singapore nil 250 41,300Bilbao nil nil 1,525Hull nil 275 100Liverpool nil nil 75Baltimore nil nil 675 Chicago 650 100 39,275Mobile nil nil 3,875New Orleans 2,100 1,250 119,000St Louis 675 275 99,250Total 8,925 7,900 471,725Cobalt Delivered Delivered Total In OutRotterdam nil nil 217Singapore nil nil 47Baltimore nil 3 30Total nil 3 294Roasted Molybdenum Concentrate RMC Powder Delivered Delivered Total In OutRotterdam nil nil 258Singapore nil nil nilBaltimore nil nil nilTotal nil nil 258
Lead Delivered Delivered Total In OutAntwerp 75 25 4,675Hamburg nil nil 2,125Genoa 375 375 7,500Leghorn nil nil 12,225Johor 5,400 nil 42,025Port Klang 2,050 nil 81,300Trieste nil 475 4,650Rotterdam nil 100 14,775Vlissingen nil nil 14,125Singapore 250 600 66,650Barcelona 275 nil 19,100Bilbao 250 nil 32,500Hull nil nil 325Liverpool nil nil 475Baltimore 1,375 350 4,325Chicago nil nil nilDetroit nil nil 42,025Long Beach 125 800 26,025Los Angeles nil nil 4,625Mobile nil nil 875New Orleans nil nil 550Total 10,175 2,725 380,875Zinc Delivered Delivered Total In OutTrieste nil nil 6,550Johor 2,450 3,075 57,575Port Klang 650 7,500 78,725 Rotterdam nil nil 23,100Vlissingen nil nil 25Singapore 250 nil 2,650Dubai nil nil 2,000Bilbao nil nil 600Hull nil nil 3,925Liverpool nil nil 200Balitmore nil nil 9,600Chicago nil nil 31,950Detroit nil nil 88,625Long Beach nil 350 150Los Angeles nil nil 275New Orleans 700 6,525 503,775St Louis nil nil 25Toldeo nil nil 975Total 4,050 17,450 810,725Tin Delivered Delivered Total In OutAntwerp nil nil nilBusan nil nil 70Gwangyang nil nil 110Rotterdam nil nil 5Johor 210 335 17,225Singapore 190 525 2,895Baltimore nil nil 400Total 400 860 20,705
NASAAC ingots Delivered Delivered Total In OutBaltimore nil 40 9,520Chicago 140 nil 6,960Detroit nil nil 15,120Long Beach nil nil 580Mobile nil nil 80New Orleans nil nil 3,540Owensboro nil nil nilSt Louis nil nil nilTotal 140 40 35,800NASAAC T-Bars Delivered Delivered Total In OutBaltimore nil nil 3,360Chicago nil nil nilDetroit nil nil 4,200Louisville nil nil nilSt Louis nil nil nilTotal nil nil 7,560NASAA large sows Delivered Delivered TotalBaltimore nil nil 3,300Chicago nil 20 140Detroit nil nil nilOwensboro nil nil nilTotal nil 20 3,440NASAA small sows Delivered Delivered Total In OutChicago nil 20 66,120Detroit nil nil 25,040Louisville nil nil 1,380Mobile nil nil 1,260New Orleans nil nil 4,000St Louis nil nil 6,860Total nil 20 104,660Shanghai Futures Exchange DeliverableAluminium 77,378Copper 97,911Zinc 401,273Steel Billet Delivered in Delivered out TotalKocaeli nil nil nilTekirdag nil nil 390Johor 65 4,355 11,180Rotterdam nil 130 4,095Incheon nil nil 130Chicago nil nil 9,490Detroit nil nil 5,915New Orleans 2,470 nil 21,710Total 2,535 4,485 52,910
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Non-Ferrous Primary Metals
Oct 5 Oct 7AluminiumLME prices: see Daily MetalEuropean free market: $/tonne in warehousemin 99.7% ingot duty unpaid premium indicator 120-140* 120-140*LME duty-paid Premium Indicator/HG Cash 190-210* 190-210*HG duty-paid three months 190-210* 190-210*Cif Japan: 99.7% duty unpaid premium indicator quarterly 118-120* 118-120*CIS-origin: indicators in warehouse Europe: A7e premium 120-140* 120-140*LME warehouse premium Singapore: 85-90* 85-90*Extrusion billet premium 6063, EC duty paid,in warehouse Rotterdam ($/tonne) 420-450* 420-450*US free market: P1020 US midwestpremium indicator ($/lb) 0.083-0.087* 0.083-0.087*MB Chinese free market,Metallurgical grade, delivered duty paid RMB/tonne 2,850-3,000* 2,850-3,000*Alumina Index fob Australia 355.31Copper & BrassLME: see Daily MetalProducer premium(Codelco): contract2011 Grade A cathode (average) 98-98 98-98MB free market US: High-grade cathodepremium indicator, $/tonne 99.00-121.00* 88.00-121.00*Chinese Grade 1: 120-140* 120-140*Germany: (VDM) Electro, €/tonne wirebar (DEL): 5,223.30-5,248.80 5,223.30-5,248.80cathodes: 5,200.00-5,260.00 5,200.00-5,260.00South Africa: Palabora copper rod 7.90mm, Rand/tonne 75,536.34 75,536.34TinKuala Lumpur and LME prices: see Daily MetalMB European free marketSpot premium 99.9% $ per tonne 450-500* 450-500*Spot premium 99.85% $/tonne 400-450* 400-450*MB US free market: Grade A tin premium $/lb 0.29-0.34* 0.29-0.34*
Oct 5 Oct 7NickelLME prices: see Daily MetalEurope: $/tonne in warehouse Rotterdamuncut cathodes premium indicator 100.00-125.00* 100.00-125.00*4x4 cathodes premium indicator 250.00-300.00* 250.00-300.00*briquettes premium indicator 250.00-300.00* 250.00-300.00*US: melting premium indicator $/lb 0.20-0.40* 0.20-0.40*plating premium indicator $/lb 0.65-0.90* 0.65-0.90*LeadLME prices: see Daily MetalGermany: (VDM) virgin soft, €/tonne 1,130.00-1,180.00 1,130.00-1,180.00MB US: High Grade ingot premium indicator, $/lb 0.0700-0.0800* 0.0700-0.0800*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) 159.23-159.23* 159.23-159.23*Ca/Ca grid lead (average) 354.91-354.91* 354.91-354.91*Connector lead (average) 305.62-305.62* 305.62-305.62*European Industrial batterypremium free market (Eurobat)in warehouse Rotterdam €/tonne (average) 106.03-106.03* 106.03-106.03*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 1,510-1,550 1,510-1,550UK: ThyssenKrupp Metallurgie GMbHcontract price forOctober 2011Special high grade, £/tonne 1,428.00-1,428.00 1,428.00-1,428.00MB US: Special high grade, $/lb 0.0600-0.0800* 0.0600-0.0800*MB EU: Special high grade, fot Rotterdam, $/tonne 135.00-145.00* 135.00-145.00*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
Oct 5 Oct 7IridiumMB free market: min. 99.9%, $/troy oz in warehouse 1,035-1,085* 1,035-1,085*Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 1,085 1,085Engelhard base price: $/troy oz 1,085 1,085PalladiumWorld prices: see Daily MetalEuropean free market: min. 99.9%,$/troy ozin warehouse 565-570* 605-610*Engelhard base price: $/troy oz 590 590Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 570 611
Oct 5 Oct 7PlatinumWorld prices: see Daily MetalEuropean free market: min. 99.9%, $/troy ozin warehouse 1,440-1,445* 1,520-1,525*Engelhard base price: $/troy oz 1,484 1,490Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 1,445 1,530RhodiumEuropean free market: min. 99.9%, $/troy ozin warehouse 1,650-1,700* 1,550-1,600*Engelhard base price: $/troy oz 1,650 1,600Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 1,650 1,600RutheniumEuropean free market: min. 99.9%, $/troy ozin warehouse 120-160* 120-160*Engelhard base price: $/troy oz 155 155Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 155 155
Exchange Rates Sep 30 Oct 3 Oct 4 Oct 5 Oct 6LME Settlement Conversion Rates$/£ 1.5580 1.5525 1.5387 1.5447 1.5302$/Yen 76.95 76.84 76.66 76.66 76.68$/€ 1.3496 1.3350 1.3177 1.3330 1.3287Closing Rates, Midpoint$/£ 1.5578 1.5477 1.5407 1.5425 1.5382$/Yen 77.08 76.65 76.71 76.95 76.70$/€ 1.3417 1.3274 1.3278 1.3310 1.3404£/€ 1.1611 1.1660 1.1604 1.1590 1.1476
Standard Bank pricesStandard Bank’s rand fixing prices per tonne for London Metal Exchange trade Sep 30 Oct 3 Oct 4 Oct 5 Oct 6Copper R57,629.65 R55,066.68 R56,451.20 R55,607.78 R57,076.20Aluminium R17,834.77 R17,184.53 R17,746.56 R17,280.93 R17,455.48Lead R16,650.90 R16,203.95 R16,315.52 R15,781.41 R15,641.56Zinc R15,394.31 R14,972.14 R15,271.36 R14,841.17 R14,829.11Nickel R147,922.71 R146,722.92 R152,963.20 R149,343.84 R150,664.12Tin R168,488.85 R162,566.24 R169,312.00 R172,241.88 R178,174.60
New York futuresYear ago Oct 5 Sep 29 Sep 30 Oct 3 Oct 4 Oct 5(Comex) Copper high grade cents/lb374.60 Oct ̀ 11 323.70 314.50 314.00 309.45 309.75154,453 Open Interest 118,407 119,832 124,785 121,499 123,35083,505 Stocks (short tons) 87,347 87,515 87,578 87,567 87,622(Comex) Gold $/troy oz1342.20 Oct ̀ 11 1615.50 1620.40 1656.00 1614.70 1640.30621,941 Open Interest 445,479 439,874 437,801 436,920 432,81610,959,625 Stocks (troy oz) 11,265,217 11,222,865 11,211,382 1,211,383 11,083,037(Nymex) Palladium $/troy oz585.00 Nymex Sett Oct 623.10 614.05 593.25 563.50 569.706,132 Stocks (troy oz) 5,485 5,479 5,445 5,445 5,479(Nymex) Platinum $/troy oz1699.00 Nymex Sett Oct 1528.30 1519.40 1512.30 1461.90 1478.002,520 Stocks (troy oz) 3,333 3,333 3,333 3,333 3,331(Comex) Silver cents/troy oz2305.00 Oct ̀ 11 3047.20 3004.10 3075.00 2979.50 3031.70155,330 Open Interest 101,396 101,170 101,021 101,102 100,552
Shanghai futuresYear ago Oct 6 Sep 30 Oct 3 Oct 4 Oct 5 Oct 6Aluminium yuan/tonne (October delivery)n/a 16,855 closed closed closed closedCopper yuan/tonne (October delivery)n/a 53,480 closed closed closed closedZinc yuan/tonne (October delivery)n/a 14,920 closed closed closed closed
24 | Metal Bulletin | Monday 10 October 2011
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All prices $/tonne unless otherwise stated, in warehouse price, duty unpaid, spot business, immediate delivery*MB copyright
Sep 30 Oct 3 Oct 4 Oct 5 Oct 6 Low - High Premium Low - High Premium Low - High Premium Low - High Premium Low - High PremiumCopper - Grade A copper cathode to meet LME specifications: BS EN 1978:1998 (Cu-CATH-1)MB Copper Premium Rotterdam 50-85* 60.50* 50-85* 60.50* 50-85* 60.50* 50-85* 60.50* 50-85* 60.50*MB Copper Premium Hamburg 50-70* 58.75* 50-70* 58.75* 50-70* 58.75* 50-70* 58.75* 50-70* 58.75*MB Copper Premium Leghorn 50-70* 58.75* 50-70* 58.75* 50-70* 58.75* 50-70* 58.75* 50-70* 58.75*MB Copper Premium New Orleans 10-10* 10.00* 10-10* 10.00* 10-10* 10.00* 10-10* 10.00* 10-10* 10.00*MB Copper Premium Baltimore 10-10* 10.00* 10-10* 10.00* 10-10* 10.00* 10-10* 10.00* 10-10* 10.00*MB Copper Premium Chicago 10-10* 10.00* 10-10* 10.00* 10-10* 10.00* 10-10* 10.00* 10-10* 10.00*MB Copper Premium Gwangyang 60-60* 60.00* 60-60* 60.00* 60-60* 60.00* 60-60* 60.00* 60-60* 60.00*MB Copper Premium Busan 60-60* 60.00* 60-60* 60.00* 60-60* 60.00* 60-60* 60.00* 60-60* 60.00*MB Copper Premium Singapore 80-100* 90.00* 80-100* 90.00* 80-100* 90.00* 80-100* 90.00* 80-100* 90.00*MB Copper Premium Shanghai 120-140* 130.00* 120-140* 130.00* 120-140* 130.00* 120-140* 130.00* 120-140* 130.00*
Monday 10 October 2011 | Metal Bulletin | 25
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Minor metalsThe specification for all minor metals will be as laid down by the Minor Metals Trade Assn and published on their website (www.mmta.co.uk), unless otherwise indicated.Prices will be basis in warehouse Rotterdam, unless otherwise stated, and will reflect a trading range of business done at the time of the assessment. Oct 5 Oct 7AntimonyMB free marketRegulus, min 99.65%, max Se 50 ppm, max 100 ppm Bi,$/tonne in warehouse Rotterdam 15,600-16,000* 15,400-15,800*MMTA Standard Grade II, $/tonne in warehouse Rotterdam 15,600-15,900 15,200-15,700MB Chinese free marketMMTA Standard Grade II, delivered duty paid RMB/tonne 96,000-100,000* 96,000-100,000*ArsenicMB free market$/lb 0.60-0.65* 0.60-0.65*BismuthMB free market$/lb 12.60-13.30* 12.60-13.30*MB China domestic, min 99.99%, RMB/tonne 174,000-178,000* 174,000-178,000*CadmiumMB free market min 99.95%, cents/Ib 100-125* 105-130*MB free market min. 99.99%, cents/lb 105-130* 110-135*ChromiumMB free marketalumino-thermic, min. 99%, $/tonne 12,500-13,100* 12,500-13,100*western un-degassed AT, min. 99.4%, $/kg d/d 10.25-10.65* 10.25-10.65*CobaltMB free market High Grade, $/Ib 16.20-17.00* 15.50-16.50*MB free market Low Grade, $/lb 15.10-15.90* 14.60-15.40*MB China domestic, min 99.8% RMB/tonne 270,000-280,000* 270,000-280,000*MB Chinese free marketConcentrate min 8% cif main Chinese ports $/lb 12.50-12.80* 12.50-12.80*GalliumMB free market $/kg 700-760* 700-760*MB China domestic, min 99.99%, RMB/kg 4,550-4,750* 4,550-4,750*GermaniumGermanium dioxide MB free market $/kg 1,300-1,400* 1,300-1,400*Germanium metal $/kg Rotterdam 1,550-1,650* 1,550-1,650*Germanium metal MB China domestic, min 99.999%, RMB/kg 9,600-10,200* 9,600-10,200*Germanium dioxide, China domestic min 99.999%, RMB/kg 8,300-8,400* 8,300-8,400*IndiumMB free market $/kg 670-740* 660-730*
Oct 5 Oct 7Indium cont.MB Chinese free marketCrude min 98% duty paid in w/house China RMB/kg 3,900-4,100* 3,900-4,100*MB China domestic, min 99.99% RMB/kg 4,400-4,600* 4,400-4,600*Indium Corp ingots min. 99.97%, $/kg fob 785-785 785-785MagnesiumEuropean free market $ per tonne 3,100-3,200* 3,100-3,200*China free marketmin 99.8% Mg, fob China main ports, $ per tonne 3,200-3,250* 3,200-3,250*MB Chinese free market min 99% Mg, ex-works RMB/tonne 17,200-18,200* 17,200-18,200*Manganese FlakeMB free market $/tonne 3,450-3,550* 3,350-3,450*MercuryMB free market $ per flask 2,000-2,200* 2,000-2,200*Rhenium in warehouse Rotterdam duty paidMetal Pellets, min 99.9% $/lb 2,100-2,300* 2,100-2,300*APR catalytic grade $/kg Re 4,400-4,800* 4,400-4,800*SeleniumMB free market $/lb 57.00-67.00* 57.00-67.00*MB China domestic, min 99.9%, RMB/kg 1,100.00-1,160.00* 1,100.00-1,160.00*Selenium dioxide, MB China domestic, min 98%, RMB/kg 765.00-780.00* 765.00-780.00*SiliconMB free market €/tonne 2,200-2,350* 2,200-2,350*US free market cents/lb 157-160* 157-160*Hong Kongmin. 98.5%, $/tonne fob main Chinese ports 2,550-2,600* 2,550-2,600*TelluriumMB free market $/kg 320-370* 320-370*MB China domestic, min 99.99%, RMB/kg 2,480-2,580* 2,480-2,580*TitaniumMB free market ferro-titanium70% (max 4.5% Al), $/kg Ti d/d Europe 8.25-8.70* 8.25-8.70*Titanium Ores $/tonne Rutile conc min. 95% TiO2 bagged, fob/Aus 1,300-1,348 1,300-1,400Rutile bulk conc min. 95% TiO2 fob/Aus 1,000-1,120 1,000-1,120Ilmenite bulk conc min. 54% TiO2 fob/Aus 130-150 140-250
Noble Alloys & Ores Oct 5 Oct 7Lithium 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 13.60-14.10* 13.50-13.90*USCanned molybdic oxide, $/lb Mo 14.20-14.40* 14.20-14.40*Ferro-Molybdenumbasis 65-70% Mo, $/kg Mo 33.60-34.70* 33.60-34.50*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 16.10-16.60* 16.10-16.60*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 1,990-2,020* 1,990-2,020*UraniumNuexco spot price indicator $/lb U3O8 52.00-52.00 52.00-52.00ZirconFoundry grade bulk, $/tonne fob Australia 2,200-2,400 2,200-2,400Premium bulk, $/tonne fob Australia 2,560-2,640 2,560-2,640
Oct 5 Oct 7TungstenEuropean free marketAPT, $/mtu 450-465* 450-465*US free marketAPT, $/stu 435-445* 435-445*Hong KongAPT Chinese No1, $/mtu fob main Chinese ports 445.00-450.00* 445.00-450.00*MB Chinese free marketConcentrate 65% W03, in warehouse China RMB/tonne 151,000-153,000* 151,000-153,000*Ferro Tungstenbasis 75% W min, $/kg W, in warehouse Rotterdam,duty unpaid 50.50-51.50* 50.50-51.50*Hong Kong, min. 75% W, $/kg W, fob main Chinese ports 53.00-54.00* 53.00-54.00*Tungsten OreMin. 65% WO3 $/mtu WO3 140-160* 140-160*VanadiumFerro vanadium basis 70-80%, $/kg V 27.25-28.30* 27.25-28.30*US free market ferro-vanadium, $/lb, in warehouse Pittsburgh 14.75-15.50* 14.75-15.50*Vanadium pentoxide cif Europe min 98% $ per Ib V2O5 5.90-6.60* 5.90-6.60*Vanadium pentoxide US free market min 98% $ per Ib V2O5 6.50-6.75* 6.50-6.75*
Bulk Alloys Oct 7Ferro-Chrome $/lb CrLumpy Cr charge, basis 52% Cr, (and high carbon) quarterly 1.20-1.20*6-8% C basis 60% Cr, max 1.5% Si 1.10-1.24*European low carbon 0.10% C average 60-70% Cr quarterly 2.25-2.35*0.10% C average 60-70% Cr 2.17-2.25*European low carbon, in warehouse, 0.06% C max - 65%Cr 2.20-2.30*Low phosphorous Cr min 65%, C max 7%, Si max 1%, P max 0.015%, Ti max 0.05% 1.20-1.35*US free market, in warehouse Pittsburgh,6-8% C basis 60-65% Cr, max 2% Si 1.130-1.170*US free market, low carbon, duty paid, fob Pittsburgh,0.05%C - 65% min Cr 2.46-2.55*0.10%C - 62% min Cr 2.23-2.26*0.15%C - 60% min Cr 2.18-2.20*Spot 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 8,100-8,300*Contract 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 8,200-8,300*Chrome Ore $/tonneChrome ore, cif main Chinese portsSA friable lumpy basis 35-40% 210-250*SA LG6 Met grade basis 42% 230-270*SA UG2 Met grade basis 40% 220-260*Turkish lumpy 40-42% cfr main Chinese ports 310-330*
Oct 7Ferro-Manganesebasis 78% Mn (Scale pro rata), standard 7.5% C, Euro/tonne 850-890*US free market, 78% Mn, standard 7.5% C, $/long ton in warehouse Pittsburgh 1,300-1,360*US free market, medium carbon, duty paid, fob Pittsburgh,80% min Mn, 1.5% max C, $/lb 1.05-1.11*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 8,200-8,400*Manganese Ore48/50% Mn Max 0.1%P, $/mtu metallurgical Mn, fob 5.30-5.50*Ferro-SiliconLumpy, basis 75% Si (Scale pro rata), Euro/tonne 1,150-1,230*US free market, $/lb in warehouse Pittsburgh:lumpy basis 75% Si imported 1.00-1.02*Hong Kong, min. 75%, fob main Chinese ports 1,500-1,530*MB Chinese free marketmin 75% in warehouse China RMB/tonne 6,600-6,800*Silico-ManganeseLumpy, 65-75% Mn basis, 14-25% Si (Scale pro rata) Euro/tonne 850-890*US free market, $/lb in warehouse Pittsburgh: 0.57-0.63*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 9,100-9,400*
l All prices $/tonne, duty paid, delivered consumers’ works, unless otherwise shown. Other currency prices are given where the local markets are dominant or active. Date indicates last price change. These markets last assessed on Oct 07 (UK), Oct 06 (US). l Reminder: prices marked * are MB copyright. These markets were last assessed on Oct 07 (Europe and Asia) and Oct 06 (USA).l All Chinese domestic prices include VAT of 17%
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World SteelEU ImportsMetal Bulletin’s appraisal of cfr prices for imported, non-EU origin, commercial-quality carbon steel, € per tonne cfr main EU port (€/$=0.74).Rebar 530-540 05/10 NovWire rod (mesh quality) 550-560 05/10 NovPlate (8-40mm) 560-600 05/10 NovHot rolled coil 520-530 05/10 NovCold rolled coil 585-610 05/10 NovHot-dip galvanized coil 580-630 05/10 NovEU exportsMetal Bulletin’s appraisal of EU mills’ prices for export outside the EU of commercial-quality carbon steel, $ per tonne fob main EU portRebar 690-700 05/10 OctWire rod (mesh quality) 710-720 05/10 OctEU 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 (€/$=0.74)Rebar 525-530 05/10 OctWire rod (mesh quality) 540-550 05/10 OctSections (medium) 580-600 28/09 OctPlate(8-40mm) 615-640 05/10 OctHot rolled coil 515-540 05/10 OctCold rolled coil 620-650 05/10 OctHot-dip galvanized coil 590-640 05/10 Oct
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 640-650 03/10 OctSlab 610-620 22/08 SepRebar 680-690 03/10 OctWire rod (mesh) 700-710 03/10 OctHeavy plate (10-50mm) 730-750 22/09 OctHot rolled coil 675-680 03/10 NovCold rolled coil 775-780 03/10 NovCIS DomesticMetal Bulletin’s appraisal of prices within Russia and Ukraine for commercial-quaility carbon steel of CIS origin, $ per tonne ex-works.Rebar 670-695 07/10 OctHot rolled coil 695-710 05/09 SepCold rolled coil 790-810 05/09 Sep
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 635-645 06/10 OctRebar 680-690 06/10 NovWire rod (mesh quality) 690-710 06/10 OctMerchant bars 750-760 06/10 OctTurkish DomesticMetal Bulletin’s appraisal of prices within Turkey for commercial-quailty carbon steel of Turkish origin, $ per tonne ex-works.Billet 635-645 06/10 OctRebar 680-690 06/10 OctWire rod (mesh quality) 690-710 06/10 OctHot rolled coil 700-740 06/10 OctCold rolled coil 820-870 06/10 OctTurkish importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Turkish port.Billet 660-670 06/10 OctHot rolled coil 700-730 06/10 OctCold rolled coil 830-860 06/10 OctGCC country importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Gulf port.Billet 670-680 04/10 NovRebar 695-700 04/10 NovHot rolled coil 720-730 04/10 NovCold rolled coil 790-800 04/10 Nov
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/$=10,651).Rebar (12-25)mm) 9.40-9.55 05/10 OctEqual Angles 9.80-11.00 05/10 Octl-beams 9.75-13.20 05/10 OctPlate 11.20-11.80 05/10 OctHot rolled coil 9.70-10.20 05/10 OctCold rolled coil 10.50-10.80 05/10 OctHot-dip galvanized coil 13.00-13.90 05/10 OctHollow sections 11.10-11.40 05/10 OctIran ImportsMetal Bulletin’s appraisal of prices quoted by overseas suppliers for commercial-quality carbon steel to Irainian buyers, $ per tonne cfr Iranian northern portsBillet 700-730 05/10 DecRebar 740-750 05/10 DecEgyptian DomesticMetal Bulletin’s appraisal of prices within Egypt for commercial-quality carbon steel of Egyptian origin, E£ per tonne ex-worksRebar 4,800 03/10 Oct
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 640-655 06/10 OctSlab 680-710 12/05 MayRebar 720-730 06/10 OctWire rod mesh quality 740-750 06/10 OctWire rod drawing quality 740-750 06/10 OctMedium plate: 3-10mm 860-890 06/10 OctHeavy plate: over 10mm 860-880 06/10 OctHot rolled coil (dry) 670-690 22/09 OctCold rolled coil 780-800 22/09 OctGalvanized coil 910-930 22/09 Oct
NaftaProduct Price Oct 6US ImportsMetal Bulletin’s appraisal of prices for imported, non-Nafta origin, commercial-quality carbon steel, $ per short ton cfr Gulf.Slab 735-760 Rebar 710-720 Merchant bars 700-710 Wire rod (low carbon) 735-775 Medium sections 640-650 Heavy sections (over 24in) 730-740 Medium plate 880-920 Heavy plate 900-1000 Hot rolled coil (commodity) 690-720 Cold rolled coil 780-800 Galvanized coil (base US) 900-930 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) 790Wire rod (mesh quality; delivered) 925Plate (fob mill) 990Hot rolled coil (fob mill) 690Cold rolled coil (fob mill) 800Hot-dip galv coil (fob mill) 900
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 796-800 30/09 NovRebar 690-700 30/09 NovWire rod (mesh quality) 710-715 30/09 NovHeavy plate 700-705 30/09 NovHot rolled coil 690-695 30/09 NovCold rolled coil 740-750 30/09 NovGalvanized coil 1mm 790-830 30/09 NovChina 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 810-830 30/09 OctHot dip galvanized coil 830-850 30/09 Oct
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/$=6.38)Rebar 4,490-4,750 30/09 SepWire rod (mesh) 4,720-4,740 30/09 SepSections 4,660-4,800 30/09 SepPlate 4,670-4,720 30/09 SepHot rolled coil (min 2mm) 4,480-4,550 30/09 SepCold rolled coil (0.5 - 2mm) 5,410-5,420 30/09 SepHot-dip galvanized coil 5,650-5,680 30/09 SepSouthern China DomesticMetal Bulletin’s appraisal of prices in Southern China for commer-cial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.38)Rebar 4,880-5,070 30/09 SepWire rod (mesh) 4,860-4,960 30/09 SepSections 4,900-4,950 30/09 SepPlate 4,780-4,840 30/09 SepHot rolled coil (min 2mm) 4,640-4,660 30/09 SepCold rolled coil (0.5 - 2mm) 5,470-5,500 30/09 SepHot-dip galvanized coil 5,830-5,950 30/09 SepIndian exportsMetal Bulletin’s appraisal of Indian mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main India port.Billet 660-670 10/06 JunPlate (12-40mm) 710-715 09/09 OctHot rolled coil (commodity) 710-715 09/09 OctHot-dip galvanized coil 950-960 02/09 SepIndian importsMetal Bulletin’s appraisal of prices for imported, non-EU origin, commercial-quality carbon steel, $ per tonne cfr main India port.Billet 655-665 10/06 JunPlate (20-60mm) 740-745 09/09 OctHot rolled coil (commodity) 725-730 09/09 OctHot rolled coil (CR grade) 725-730 05/08 OctCold rolled 775-780 23/09 NovHot dip-galvanized coil 840-850 15/07 AugIndian domesticMetal Bulletin’s appraisal of prices within India for commercial-quality carbon steel, rupees per tonne ex-works.Billet 30300-30400 30/09 OctHeavy plate 37000-37500 16/09 SepHot rolled coil 36250-37250 30/09 OctCold rolled coil 43500-44500 30/09 OctHBI 21900-22000 23/09 OctHot-dip galvanized coil 45000-45500 30/09 Oct
SteelBenchmarkerTM PricesProduct Price Sep 26Prices in $/metric tonne, except (short ton) and {€ per tonne}Region: USA, East of the MississippiStandard plate 1,097(995)Hot rolled coil 767(696)Cold rolled coil 876(794)Region: Mainland ChinaRebar 624Standard plate 632Hot rolled coil 617Cold rolled coil 729Region: Western EuropeHot rolled coil 721{530}Cold rolled coil 836{615}Region: World Export MarketStandard plate 783Hot rolled coil 707Cold rolled coil 807
Stainless SteelProduct Price Date MonthStainless Steel - Asia import$/tonne cif East Asian portGrade 304 2mm CR coil, 2B 3,065-3,150 30/09 OctGrade 304 HR sheet 2,960-3,000 30/09 OctStainless Steel - China Domesticyuan/tonne, in warehouseGrade 304 2mm CR coil 21,200-22,000 30/09 SepGrade 430 2mm CR coil 10,900-11,200 30/09 SepStainless Steel - EU export$/tonne fob N. European port.Min 100 tonne lotGrade 304 2mm CR sheet 3,405-3,472 07/10 OctStainless Steel - EU domestic2mm 304 cold rolled stainless sheet €/tonneBase price 1,050-1,100 07/10 OctAlloy Surcharge 1,489-1,510 23/09 Oct304 Stainless steel bright bar €/tonneBase price 1,020-1,070 07/10 OctAlloy Surcharge 2,061-2,070 23/09 Oct
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
Monday 10 October 2011 | Metal Bulletin | 27
Pric
esScrap, Secondary Metals, Scrap Substitutes & Iron Ore
Ferrous scrapUK 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 Sep 9 Cut GradesOA plate and structural 235-2501&2 Old steel 215-23512A/C/D New Production heavy andshovellable steel 220-240Bales and Cuttings4A New steel bales 250-2604C New steel bales 240-2508A New loose light cuttings 225-2408B New loose light cuttings 215-235Turnings7B Heavy steel turnings 195-205Cast Iron9A/10 Heavy and light cast iron 230-2509B/C Cylinder block scrap 290-30511A Cast iron borings 230-250Prices relate to new UK scrap specifications.‡‡Please see MB.com for full explanation of price changesUK Intermerchant weekly price£/tonne Oct 75C Loose old light 160-170UK ferrous scrap export MB assessment, $/tonne fob main UK port Sep 29 Oct 6HMS 1&2 (80:20 mix) 415-420 415-420Shredded 438-442 425-430Indian Imports MB assessment, $/tonne cfr Nhava Sheva Sep 29 Oct 6HMS 1&2 (80:20 mix) 450-470 460-470Shredded 480-485 475-485Alloy steel scrapUK wholesale merchants’ stainless (£/tonne) Oct 718/8 solids 1,100-1,15018/8 turnings 853-98812-13% Cr solids 230-25016-17% Cr solids 275-310Cif Europe stainless ($/tonne)18/8 solids 1,800-1,87018/8 turnings 1,530-1,590UK home high speed (pence/kg)6-5-2 solids 200-2206-5-2 turnings 130-160Rotterdam exportMB assessment, $/tonne fob Rotterdam Sep 29 Oct 6HMS 1&2 (80:20 mix) 430-433 417-422HMS 1&2 (70:30 mix) 402-411 397-402Shredded 435-438 422-427Turkish importMB assessment, $/tonne cfr main Turkish ports Sep 29 Oct 6HMS 1&2 (80:20 mix) 460-475 445-460HMS 1&2 (70:30mix) 425-430 415-420Shredded 475-480 465-475US exportMB assessment, $/tonne fob East Coast Sep 29 Oct 6HMS 1&2 (80:20 mix) 440-443 425-430Shredded 443-446 430-435USAIron Age scrap price bulletin composite - $/long ton delivered Pittsburgh/Chicago.Week ending Sep 29 Oct 6No 1 heavy melting 418.50 418.50No 2 bundles 352.00 352.00MB assessment of Broker Buying Price, $/tonne delivered DetroitNo 1 busheling 400.00 400.00No 1 bundles 375.00 375.00China domesticyuan/tonne delivered mill Oct 7Heavy Scrap 3,750-3,840GermanyEuro/tonne, delivered at scrapyard. Source: BDSV Aug SepNo E2/8 (new steel scrap) 321.20 318.70No E1 (old steel scrap) 265.80 261.40No E3 (old thick steel scrap) 308.20 306.60No E40 (shredded steel scrap) 304.70 301.80No E5 (steel turnings) 236.40 234.00
Non-Ferrous scrap EuropeAluminiumEuropean free market (MB assessment. €/tonne eff Oct 7)Floated Frag 1,280-1,350Cast 1,180-1,250Mixed turnings 6% 1,040-1,120LME Cash primary (lowest midday bid) $2,169.50LME Cash alloy (lowest midday bid) $2,140.00Germany (per 1000kg eff Oct 5) €Pure Cuttings 1,310-1,390Commercial Cast 1,150-1,240H9 Extrusions 1,540-1,640Alloy Turnings 800-920Source:VDMFrance (per 1000kg eff Oct 4) €Pure Cuttings 1,450-1,480Old Rolled 800-850Commercial Cast 900-930Source: Lettre d’Information MetauxItaly (per 1000kg eff Sep 30) €Pure Cuttings 1,250-1,350Old Mixed Scrap 1,100-1,150Commercial Cast 1,100-1,150Source: AssometCopperGermany (per 1000kg eff Oct 5) €Copper Wire (Berry) 4,900-5,040Heavy Copper 4,680-4,920Heavy Brass 2,940-3,200Brass Turnings (MS 58) 3,130-3,370Brass Sheet (MS 63) 3,250-3,600Source:Verein Deutscher MetallhandlerFrance (per 1000kg eff Oct 4) €Electro Cuttings 4,800-4,900No 1 Bright Wire 4,550-4,620Mixed (96%) 4,500-4,520Brass Plate Cuttings 70/30 3,450-3,500Brass Turnings 3,000-3,050Mixed Brass 2,900-3,000Source: Lettre d’Information MetauxItaly (per 1000kg eff Sep 30) €Electrolytic dd EN 12861-S-Cu-2 4,967-5,019Enamelled wire EN 12861-S-Cu-3 4,807-4,859New from tubes, strips etc EN 12861-S-Cu-4 4,927-4,979Old from tubes, strips etc 12861-S-Cu-7 4,657-4,709EN 12861-S-Cu-Zn-1-A-Cu 63.5% 3,546-3,623Mixed from valves/taps EN 12861-S-Cu-Zn-6 2,995-3,073Several 95% m/m 12861-S-Cu-Zn-7 2,795-2,873Source: Assomet
SteelBenchmarkerTM scrap pricesPrices in $/metric tonne, except [gross ton]Region: USA, East of the Mississippi Sep 26†Shredded Scrap 435 [442]No 1 Heavy melting scrap 396 [402]No 1 Busheling scrap 474 [482]†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 352-367 29/09 OctSouth American exports $/tonne, delivery terms as statedHot briquetted iron Venezuela 350-400 22/09 OctPig Iron basic steelmaking;fob Vitorio/Rio 475-490 06/10 OctPig Iron basic steelmaking;fob Ponta da Madeira 500-505 06/10 OctUS Imports $/tonne cfr Gulf of MexicoPig Iron 500-510 29/09 OctCIS Exports $/tonne fob main Black/Baltic sea portPig Iron 480-500 29/09 OctChina Domestic yuan/tonne, delivered warehousePig Iron 3880-3900 30/09 Sep
China Iron orecfr main China port $ per dry metric tonneProduct Price Date MonthIron ore fines (63.5% fe) 178-179 06/10 OctIron ore pellets (65-66% fe) 190-191 30/09 Sep
MB Indices Oct 7 $/tonneIron ore index (62%) 169.20Ferrous Scrap CFR Turkey HMS 1&2 (80:20) 444.07Ferrous Scrap FOB Rotterdam HMS 1&2 (80:20) 419.59Ferrous Scrap CFR India Shredded 479.17
UK non-ferrous scrapThe following UK prices were assessed on Oct 5)Aluminium £/tonne Actual Price MB LME DiscountsGroup 1 Pure 99% min (baled) 1230-1300 89-159Group 1 Litho (baled) 1230-1300 89-159Commercial pure cuttings 1070-1130 259-319Clean HE9 extrusions 1180-1250 139-209Mixed alloy/Old Rolled cuttings 850-900 506-556Baled Old Rolled 900-950 456-506Commercial cast 950-1020 386-456Cast wheels 1250-1300 106-156Commercial turnings 700-800 606-706Group 7 turnings 580-630 776-826LME primary avge: 1389.26LME alloy avge 1406.33Titanium $/lb cifTurnings, unprocessed type 90/6/4 (0.5% Sn max) 2.70-2.80Turnings, unprocessed 90/6/4 (over 0.5%, max 2% Sn) 2.60-2.70
Non-ferrous foundry ingotsAluminium UK effective October 5) £/tonneMB free marketLM24 Pressure diecasting ingot 1,580-1,670LM6/LM25 Gravity diecasting ingot 1,880-1,960NB: prices expressed delivered consumer works, LM series as specified in BS1490Aluminium Europe effective October 7) $/tonneMB free marketDuty unpaid in warehouse alloy premium 70-80Duty paid delivered works pressure €/tonnediecasting ingot price (DIN226/A380) 1,760-1,850Aluminium US effective October 6 $/lb delivered MidwestA380.1 alloy 1.13-1.14AFFIMET prices effective October 1 €/tonneAS 12 3,080AS 12 UN 3,120AS 9 U3 2,435AS 5 U3 2,785Reflects generally larger traded lotsVDM effective October 5) €/1000 kg deliveredDIN 226 2,320-2,420DIN 231 2,410-2,510DIN 311 2,300-2,400Aluminium Bronze UK effective October 4) £/tonneAB1 ex-works 4,790AB2 ex-works 5,140Source: C.F. Booth LtdBrass UK effective October 4) £/tonneSCB3 ex-works 3,590High Tensile HTB1 ex-works 4,160Source: C.F. Booth LtdGunmetal UK effective October 4) £/tonneLG2 85/5/5/5 ex-works 4,750LG4 87/7/3/3 ex-works 5,260G1.11.5 Pb ex-works 5,980Source: C.F. Booth LtdPhosphor Bronze UK effective October 4) £/tonnePB1 ex-works 6,360Source: C.F. Booth LtdPhosphor Copper UK effective October 4) £/tonne10% P ex-works 7,00015% P ex-works 7,100Source: C.F. Booth LtdZinc Alloys UK £/tonneBrock Metal Co October Contract Alloy Price (delivered UK, min 25 tonne lots)Brock Metal ZL3 1,732Brock Metal ZL5 1,767
28 | Metal Bulletin | Monday 10 October 2011
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