Scrap and Metal News

Metal News
Malaysia tin plunges $1800/tonne 10-10-2008
The local tin market ended lower on Thursday, but the trading volume increased compared with Wednesday. Tin price on the Kuala Lumpur tin market went down $1,800 to close at $14,300 a tonne. However, ...more

Equity market rebound supports copper prices 10-10-2008
Copper was steady on Thursday as concerns about softer demand were partly offset by a slightly weaker dollar and a rebound in equities markets. ''Relative to recent weeks, there is an air of greater ...more

Malaysia tin down $700/tonne 10-08-2008
The local tin market ended lower on Tuesday, but the trading volume increased compared with Monday. Tin price on the Kuala Lumpur tin market went down $700 to close at $16,300 a tonne. However, ...more

Nickel declines on global cues 10-08-2008
Prices of tin, nickel, copper and brass sheets cutting declined sharply on the non-ferrous metal market on Tuesday on stockists offering in view of lower advices from London Metal Exchange (LME) ...more

Copper trims gains as inventories jump 10-08-2008
Copper trimmed gains on Tuesday as inventories showed a hefty increase, while wider economic fears dogged investors after banking shares took another battering. Prior to the data, three-month copper ...more

Sept iron ore exports fall 44% 10-07-2008
Iron ore exports in September dropped 44 per cent to 3.1 million tonnes (mt) due to stockpiles at Chinese ports and slower demand, Mr R.K. Sharma, Secretary-General of Federation of Indian Mineral ...more

Malaysia tin down $750/tonne 10-07-2008
The local tin market ended lower on Monday, and the trading volume decreased compared with last Tuesday. Tin price on the Kuala Lumpur tin market went down by $750 to settle at $17,000 per tonne. ...more

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Rubber News
'Current rubber price trend harmful to small growers' Record production likely this year 10-10-2008
The rubber market, subjected to severe technical corrections, continues its downtrend unabated, even going below Rs 100 a kg amidst reports that there would be record production this year, with ...more

Tokyo rubber recovers on short-covering 10-10-2008
Tokyo rubber futures rose modestly on Thursday on short-covering after prices fell near to a psychological level of ¥200, but weaker oil prices limited the rises. The benchmark Tokyo Commodity ...more

Rubber traders face crisis as prices crash 10-08-2008
Chennai, Oct 7 Between September 8 and 11, the prices of RSS- 4 ( ribbed smoked sheet) ruled at a record Rs 141 a kg. On Tuesday, the rates had dropped to Rs 95 a ...more

Rubber prices slip below Rs 100/ kg 10-08-2008
The domestic rubber prices nosedived breaking the magical Rs 100 mark on Tuesday. RSS 4 moved down to Rs 95 from Rs 100 a kg on Monday. According to sources, the absence ...more

Tokyo rubber plunges on demand concern 10-07-2008
Tokyo rubber futures fell by nearly 7 per cent and the key Shanghai futures contract dropped by the daily 6 per cent limit on Monday as falls in oil prices and concerns over global credit market ...more

Spot rubber drops to Rs 100/kg 10-07-2008
Rubber prices made heavy losses on Monday. The domestic mood was visibly bearish as the rubber futures came under unabated selling on Tokyo Commodity Exchange with its most active contracts from ...more

Sheet rubber drops to Rs 106/kg 10-04-2008
Spot rubber prices fell deep in to the minus territory on Friday. The market lost heavily as it followed the global sentiments when resumed trading after the holiday on Thursday owing to Gandhi ...more

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