Scrap and Metal News

Metal News
Nickel improves on global cues 07-03-2009
The rising trend in nickel continued on the non-ferrous metal market on Thursday on heavy stockists buying driven by firming trend in overseas market. Tin also continued to rule firm owing to good ...more

LME copper slips on US, Europe data 07-03-2009
Copper extended its day's losses on Thursday, as grim US and European data underlined economic recovery could be a long way off, and as the dollar firmed. Copper for three month delivery on the ...more

Malaysia tin up $300/tonne 07-03-2009
The local tin market closed higher on Thursday, but the trading volume dropped compared with Wednesday. Tin price on the Kuala Lumpur tin market increased $300 to close at $14,700 a tonne. However, ...more

China data lift copper 07-02-2009
Copper prices rose on Wednesday as stronger Chinese manufacturing data helped lift sentiment, but gains are expected to be capped by a seasonal lull in demand. Benchmark copper on the London Metal ...more

Copper rises 07-01-2009
Copper rose as much as 1.7 per cent on Tuesday, rounding off a stellar first half on a surge in oil, dollar weakness and an improved economic outlook. Copper for three-month delivery on the London ...more

Copper gains on LME 06-30-2009
Copper prices rallied on Monday, echoing gains in equities as confidence seeped in that the global economy was improving, but gains were capped as market players bet recovery would be slow and ...more

Nalco sells aluminium at premium 06-27-2009
National Aluminium Co Ltd (Nalco) sold 5,000 tonnes of aluminium ingots a a premium of $76 a tonne to LME cash price on a c.i.f basis, a senior official in the company said on Friday. The buyer was ...more

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Rubber News
Spot rubber prices rule steady 07-03-2009
Spot rubber closed unchanged on Thursday. According to sources, the market activities were in an extremely low key as there were no quantity buyers or sellers in the main marketing centres. Sheet ...more

Spot rubber prices drop on resistance 07-02-2009
Physical rubber prices were weak on Wednesday. The market declined on buyer resistance lacking quantity buyers from the tyre sector. According to market circles, major manufacturers were ...more

Spot rubber improves on covering buys 07-01-2009
Spot rubber turned better on Tuesday. The market improved on covering purchases amidst sustained rains all over the plantation areas during the past 24 hours. There were no fresh enquiries from the ...more

Spot rubber turns weak on buyer resistance 06-30-2009
The physical rubber prices turned weak on Monday. The market declined on buyer resistance as the reports from the futures markets were not so promising. According to observers, major manufacturers ...more

Spot rubber rules steady 06-27-2009
Spot rubber closed unchanged on Friday. According to observers, the market ended on a steady note following an almost similar trend in domestic futures on NMCE and sustained rains all over the ...more

Spot rubber improves on global cues 06-26-2009
The physical rubber prices improved on Thursday. A positive closing in the domestic and international rubber futures catalysed the domestic sentiments as sellers stayed back letting the prices to ...more

Mixed trend in spot rubber 06-24-2009
Physical rubber prices showed a mixed trend on Tuesday. The under current appeared weak as there were no quantity buyers in the main marketing centres. Sheet rubber closed unchanged at Rs 99 a kg ...more

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