Scrap and Metal News

Metal News
Hind Zinc raises product prices 05-16-2008
Hindustan Zinc Ltd raised zinc prices while cutting lead. Zinc prices were raised by Rs 3,800, or 3.8 per cent, to Rs 104,000 ($2,457) a tonne from Thursday, the Udaipur, Rajasthan-based company said ...more

Global zinc market in surplus 05-16-2008
The world zinc market was in a 72,000 tonne surplus between January and March 2008, the International Lead and Zinc Study Group said on Wednesday. Global refined zinc production of 2.839 million ...more

Malaysia tin up $130/tonne 05-16-2008
The local tin market ended higher on Thursday, but the trading volume declined compared with Wednesday. Tin price on the Kuala Lumpur tin market increased $130 to close at $25,230 per tonne. However, ...more

China absence dampens sentiment in copper 05-16-2008
Copper was steady on Thursday with a weaker dollar supporting prices, but due to a lack of Chinese buying prices were seen drifting lower, analysts said. In other metals, zinc prices fell as ...more

Tin, lead strengthen on globaTin, lead strengthen on global cuesl cues 05-15-2008
The wholesale prices of tin and zinc on Wednesday rose up to Rs 100 per kg in the local market, tracking global markets. Tin ingot prices continued their upward journey and shot up by Rs 100 at Rs ...more

Malaysia tin up $300/tonne 05-15-2008
The local tin market ended higher on Wednesday, and the trading volume rose compared with Tuesday. Tin price on the Kuala Lumpur tin market increased $300 to close at $25,100 a tonne. Turnover also ...more

Zinc increases on China supply worries 05-15-2008
Zinc rose 1 per cent in London on Wednesday, with the market dominated by concerns about the impact on supply of a recent earthquake in China, while tin matched its record high on supply worries. ...more

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Rubber News
Spot rubber stays firm 05-16-2008
Physical rubber prices finished unchanged on Thursday. A marginal increase in the global indices failed to cheer the domestic buyers who switched over to a wait and watch policy before undertaking ...more

Asia rubber futures settle higher 05-16-2008
Asian rubber futures settled mostly higher Thursday, with sentiment lifted by gains in precious metals and bullish fundamentals, traders said. On TOCOM, rubber futures settled higher, with rain and ...more

Spot rubber hits Rs 120 a kg again 05-15-2008
Spot rubber bounced back on Wednesday. RSS 4 moved up to Rs 120 from Rs 118.50 a kg ridden by firm international markets. Certain major manufacturers were also buyers on sheet rubber at the quoted ...more

Tokyo rubber at 2-1/2 month high 05-15-2008
Tokyo rubber futures rose to a 2-1/2 month high on Wednesday after bullish technical signals and concerns over supply tightness in Thailand encouraged strong buying by investment funds. ''There are ...more

Spot rubber moves up on global cues 05-14-2008
Spot rubber rates moved up catalysed by another bright closing in global indices on Tuesday. RSS 4 improved to Rs 118.50 a kg from Rs 118 as covering groups and purchase agents were fairly active on ...more

Tokyo rubber gains 2% to over 2-month high 05-14-2008
Tokyo rubber futures climbed about 2 per cent to the highest in over two months on Tuesday as a softer yen spurred buying, while tightness in physical supplies and strong overseas rubber markets also ...more

Spot rubber stays firm 05-13-2008
Physical rubber market ruled firm on Monday. Traders were still optimistic on the commodity expecting revised quotes from the major consuming sector as the international prices ruled much above the ...more

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