Base metals will lack ability to rise today. Value added at China’s large industrials is expected to grow in April as declines in profit at China’s SOEs narrowed further in April, but increase will slow compared with March. The figure due for release today s...

Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)

US new home sales in April and Germany’s annualized Q1 growth will be released today. As short momentum prevailed in the market, base metals should remain weak but diverge today.

[Ferro-Alloys.com] Tungsten production exceeded consumption, and competition for raw materials was becoming more and more , but rate of margin was declining. At present tungsten manufacturers was decreasing for purchase quantity, which FeW and tungsten concent...

SHFE 1609 nickel started at RMB 68,190/mt overnight and once fell to RMB 67,770/mt. The contract later ranged RMB 68,300-68,500/mt before closing at RMB 68,350/mt.

[www.ferro-alloys.com]SHFE 1609 nickel started at RMB 68,080/mt for night session last Friday and ranged RMB 68,000-68,600/mt.

[Ferro-Alloys.com] Black tungsten concentrate rose to RMB78,000/mt from RMB67,000/mt previously, and up close to16%, while APT was up to RMB123,500/mt from RMB103,500/mt, and up 19%;Tungsten powder rose to RMB190/kg from RMB165/kg, and up15%, while FeW sold at...

[Ferro-Alloys.com]Prices for chrome ores and ferrochrome continue to rise as the stainless steel prices surge. High-carbon ferrochrome prices rose recently with prices at RMB5,600-5,700/T Cr 50% basis, while some quotations exceeded RMB6,000/T Cr 50% basis.