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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
22 | Metal Bulletin | Monday 10 October 2011
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LME & SHFE stocks (tonnes effective 5 October) Note:deliveries in and out for the week Sep 29 - Oct 5
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) $/troy oz (09.00 hrs) 155 155
Minor metalsThe specification for all minor metals will be as laid down by the Minor Metals Trade Assn and published on their website (www.mmta.co.uk), unless otherwise indicated.Prices will be basis in warehouse Rotterdam, unless otherwise stated, and will reflect a trading range of business done at the time of the assessment. Oct 5 Oct 7AntimonyMB free marketRegulus, min 99.65%, max Se 50 ppm, max 100 ppm Bi,$/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
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