metal bulletin june averages - valuation...

Stat

isti

cs

Monday 11 July 2011 | Metal Bulletin | 25

© Copyright Metal Bulletin Journals Ltd, 2011Metal Bulletin monthly average prices are calculated on thoseprice quotations formulated during the month. This may bedifferent from the MB issues published during the month.

Metal Bulletin June Averages Low HighAluminiumEuropean free market $/tonne inwarehouse min 99.7% ingot dutyunpaid premium 120.000 140.000LME duty paid premium indicatorH/G Cash $/tonne 190.000 210.000Alumina Index fob Australia 392.225AntimonyMB free marketRegulus 99.65%, max Se 50ppm,$/tonne in warehouse 14,711.111 15,405.556MMTA Standard grade II $/tonne 14,516.667 15,194.444BismuthMB free marketmin. 99.99%, $/lb, tonne lots inwarehouse 11.556 12.356CadmiumMB free marketmin 99.95%, cents/lb in warehouse 130.000 155.000min 99.99%, cents/lb in warehouse 135.000 160.000CobaltMB free marketHigh Grade, $/lb in warehouse 17.533 18.700Low Grade, $/lb in warehouse 16.106 17.044CopperUS High-grade cathode premium indicator,$/tonne 88.000 132.000Germanium DioxideMB free market min 99.99%, $/kg 1,300.000 1,400.000GoldLondon per troy oz Morning $1,528.37955 Afternoon $1,528.65909 Morning £942.86941 Afternoon £942.94705 Handy/Harman $1,528.66 IndiumMB free marketIngots min 99.97%, $/kg in warehouse 750.000 844.444MagnesiumMB free marketmin 99.8%, $/tonne 3,155.556 3,255.556China free market min 99.8% 3,122.222 3,200.000MercuryMB free marketmin 99.99%, $/flask in warehouse 1,250.000 1,400.000MolybdenumFree market in warehouseEurope drummed molybdicoxide $/lb Mo 16.006 16.306US canned molybdic oxide $/lb Mo 17.000 17.500NickelFree market in warehouse premiumEurope $/tonne uncut cathodes 150.000 200.000 4x4 cathodes 350.000 400.000 briquettes 350.000 400.000US Melting $/lb 0.300 0.500 Plating $/lb 0.650 0.900PalladiumMorning $/troy oz $771.22727 Afternoon $/troy oz $770.25000 Platinum: per troy ozEuropean free marketMorning $/troy oz $1,771.54545 Afternoon $/troy oz $1,768.50000 RhodiumEuropean free marketmin 99.9% in warehouse, $/troy oz 2,052.778 2,102.778

Exchange rates (Closing Rates)$/£ 1.5370 $/yen 80.4710 $/euro 1.4398 Low HighBarclays Bank Quotation (1400 hours)£/$ 1.6216 1.6218£/$ 3mth 1.6198 1.6201

Low HighSeleniumMB free marketmin 99.5% in warehouse $/lb 58.556 68.556SiliconMB free market €/tonne 2,200.00 2,400.00SilverLondonspot pence/troy oz 2,207.19091 spot cents/troy oz 3,579.50000 Handy/Harman cents/troy oz 3,584.09 TinEuropean free marketSpot Premium 99.9% $/tonne 500.000 550.000Spot Premium 99.85% $/tonne 430.000 480.000Kuala Lumpur (ex-smelter) $/tonne 25,638.64 TitaniumFerro-Titanium70% (max 4.5% Al), $/kg d/d Europe 8.967 9.478TungstenEuropean free market APT $/mtu 458.556 479.444US free market APT $/stu 305.000 309.000Foundry ingotsAluminium LM24 1,624.000 1,684.000 LM6/LM25 1,924.000 1,992.000Aluminium Europe €/tonne 1,792.500 1,877.500Phosphor BronzePB1 ex-works £/tonne 7,360.000 Zinc Alloy10 tonne lots ZL3 £/tonne 1,904.000 OresFerro-Molybdenumbasis 60% Mo, $/kg 38.000 40.000basis 65-70% Mo, $/kg 38.222 39.678Tungstenmin 65% WO3, cif $/MTU WO3 140.000 160.000Vanadiummin 98%, other sources, $/lb V2O5 6.200 7.100Ferro-Vanadiumbasis 70-80%, $/kg V 28.978 30.022US Free market 70-80% 14.900 15.500Ferro-Tungstenbasis 75% W min 50.056 52.000

London Metal ExchangeHigh, low and average June (22 days)LME averages are mean of buyers and sellers except forsettlement and 3 months sellers. January - June 2011 June Low High Average $ $ $Copper Grade A ($)Cash 8,536.25 10,147.75 9,045.123 months 8,547.75 10,123.50 9,056.30Settlement 8,536.50 10,148.00 9,045.433 months seller 8,548.00 10,124.00 9,057.00Copper Grade A (£)Settlement 5,246.13 6,343.29 5,567.573 months seller 5,259.66 6,334.63 5,580.98Tin ($)Cash 24,587.50 33,252.50 25,568.523 months 24,632.50 33,205.00 25,604.43Settlement 24,600.00 33,255.00 25,576.363 months seller 24,635.00 33,210.00 25,616.59Lead ($)Cash 2,271.50 2,938.75 2,511.643 months 2,253.00 2,852.50 2,521.30Settlement 2,272.00 2,939.00 2,512.203 months seller 2,255.00 2,853.00 2,522.07Lead (£)Settlement 1,396.26 1,797.44 1,545.183 months seller 1,377.88 1,746.24 1,552.84Zinc ($)Cash 2,098.75 2,545.25 2,230.083 months 2,119.75 2,573.00 2,251.03Settlement 2,099.00 2,545.50 2,230.483 months seller 2,120.00 2,574.00 2,251.75Aluminium ($)Cash 2,359.50 2,771.75 2,555.043 months 2,381.50 2,773.00 2,583.32Settlement 2,360.00 2,772.00 2,555.413 months seller 2,382.00 2,774.00 2,583.75Aluminium Alloy ($)Cash 2,211.50 2,475.00 2,339.213 months 2,207.50 2,470.00 2,349.21Settlement 2,212.00 2,480.00 2,346.593 months seller 2,210.00 2,471.00 2,356.82Nickel ($)Cash 21,407.50 29,027.50 22,349.213 months 21,427.50 29,062.50 22,381.94Settlement 21,410.00 29,030.00 22,354.093 months seller 21,430.00 29,075.00 22,389.32Nassa ($)Cash 2,320.00 2,626.50 2,485.163 months 2,337.50 2,650.00 2,513.80Settlement 2,320.50 2,627.00 2,486.323 months seller 2,340.00 2,655.00 2,518.27Cobalt ($)Cash 34,500.00 40,295.00 35,976.143 months 34,500.00 39,750.00 35,837.50Settlement 35,000.00 40,795.00 36,527.273 months seller 35,000.00 40,500.00 36,377.27Molybdenum ($)Cash 31,750.00 38,900.00 35,005.683 months 31,750.00 39,300.00 35,130.69Settlement 32,500.00 39,600.00 35,777.273 months seller 32,500.00 40,000.00 35,904.55Steel Billet ($)Cash 510.00 593.50 571.903 months 524.00 608.50 559.46Settlement 510.50 594.00 574.253 months seller 528.00 609.00 562.68

LME Settlement Conversion Rates$/£ 1.6217$/yen 80.441$/euro 1.4392

Pric

es

Daily metal and steelLondon forward

“LME settlement prices. All prices per tonne, unless otherwise stated, in LME warehouse, EU duty, if any paid, for buyers account.”

Year ago Jul 7 Jul 1 Jul 4 Jul 5 Jul 6 Jul 7Aluminium High Grade $1954.00-1954.50 LME Cash official 2485.50-2486.00 2460.00-2460.50 2485.00-2485.50 2516.00-2517.00 2528.50-2529.00 “unofficial” 2483.00-2485.00 2469.00-2474.00 2525.00-2527.00 2524.00-2526.00 2559.00-2560.001974.50-1975.00 LME 3 months official 2513.50-2514.00 2489.00-2490.00 2517.00-2517.50 2554.00-2554.50 2559.50-2560.00 “unofficial” 2512.00-2514.00 2500.00-2505.00 2556.00-2558.00 2555.00-2557.00 2589.00-2590.00 LME Tapo Notional Average Price(NAP) for Jul 2011 2486.00 2473.25 2477.33 2487.25-2487.25 2495.60-2495.60 LME stocks (tonnes) 4,475,425 4,465,125 4,458,800 4,449,175 4,440,225Aluminium Alloy (A380.1/DIN226/D12S) $1910.00-1915.00 LME Cash official 2320.00-2340.00 2270.00-2271.00 2280.00-2285.00 2310.00-2315.00 2300.00-2310.00 “unofficial” 2339.00-2349.00 2310.00-2320.00 2320.00-2330.00 2305.00-2315.00 2298.00-2308.001910.00-1920.00 LME 3 months official 2330.00-2350.00 2260.00-2280.00 2290.00-2300.00 2320.00-2330.00 2310.00-2320.00 “unofficial” 2350.00-2360.00 2325.00-2335.00 2335.00-2345.00 2320.00-2330.00 2310.00-2320.00 LME stocks (tonnes) 121,180 121,180 121,180 121,840 121,840N. American Special Aluminium Alloy1885.00-1890.00 LME Cash official 2475.00-2485.00 2411.00-2412.00 2420.00-2420.50 2466.00-2467.00 2467.00-2468.00 “unofficial” 2471.00-2481.00 2365.00-2375.00 2465.00-2475.00 2480.00-2490.00 2491.00-2501.001900.00-1910.00 LME 3 months official 2505.00-2510.00 2455.00-2456.00 2445.00-2455.00 2500.00-2515.00 2500.00-2520.00 “unofficial” 2500.00-2510.00 2395.00-2405.00 2495.00-2505.00 2510.00-2520.00 2520.00-2530.00 LME Stocks (tonnes) 147,720 147,420 147,420 147,460 147,140Copper Grade A$6544.50-6545.00 LME Cash official 9404.50-9405.00 9410.00-9411.00 9405.00-9415.00 9431.50-9432.00 9536.50-9537.00 “unofficial” 9415.00-9425.00 9448.50-9453.50 9463.00-9468.00 9481.00-9491.00 9698.00-9703.006570.00-6575.00 LME 3 months official 9415.00-9415.50 9434.00-9435.00 9410.00-9415.00 9455.00-9460.00 9550.00-9555.00 “unofficial” 9430.00-9440.00 9465.00-9470.00 9480.00-9485.00 9500.00-9510.00 9715.00-9720.00 LME Tapo Notional Average Price(NAP) for Jul 2011 9405.00 9408.00 9407.17 9413.38 9438.10 LME stocks (tonnes) 462,725 462,500 461,275 461,950 461,850Lead $1755.00-1756.00 LME Cash official 2636.00-2636.50 2654.00-2655.00 2660.00-2660.50 2660.00-2661.00 2693.00-2694.00 “unofficial” 2652.00-2657.00 2668.00-2670.00 2674.50-2679.50 2670.00-2675.00 2710.00-2715.001768.00-1770.00 LME 3 months official 2655.00-2660.00 2667.00-2668.00 2668.00-2669.00 2675.00-2676.00 2703.00-2704.00 “unofficial” 2665.00-2670.00 2680.00-2682.00 2685.00-2690.00 2680.00-2685.00 2720.00-2725.00 LME stocks (tonnes) 316,675 314,900 311,650 309,425 308,300Nickel$18980-18990 LME Cash official 23110-23115 23075-23100 23100-23105 23205-23210 23325-23375 “unofficial” 23220-23270 23140-23165 23285-23290 23270-23320 23820-2387019000-19025 LME 3 months official 23100-23150 23095-23100 23155-23160 23250-23255 23355-23360 “unofficial” 23250-23300 23175-23200 23300-23325 23300-23350 23850-23900 LME stocks (tonnes) 106,398 105,804 105,480 104,682 104,370Tin $17600.00-17650.00 LME Cash official 25800.00-25850.00 25635.00-25640.00 26075.00-26080.00 26450.00-26475.00 27125.00-27135.00 “unofficial” 25775.00-25825.00 25625.00-25725.00 26380.00-26430.00 26535.00-26635.00 27390.00-27440.0017600.00-17700.00 LME 3 months official 25975.00-26000.00 25605.00-25610.00 26100.00-26150.00 26525.00-26575.00 27195.00-27200.00 “unofficial” 25850.00-25900.00 25700.00-25800.00 26450.00-26500.00 26600.00-26700.00 27450.00-27500.00 LME stocks (tonnes) 22,305 22,180 22,005 22,050 21,890Zinc Special High Grade $1809.00-1810.00 LME Cash official 2339.00-2339.50 2342.00-2343.00 2362.00-2363.00 2354.00-2355.00 2356.00-2357.00 “unofficial” 2352.00-2357.00 2367.00-2372.00 2386.00-2388.00 2364.00-2366.00 2372.50-2376.501838.00-1839.00 LME 3 months official 2362.00-2362.50 2374.00-2375.00 2386.00-2388.00 2382.00-2383.00 2381.00-2382.00 “unofficial” 2375.00-2380.00 2390.00-2395.00 2410.00-2412.00 2390.00-2392.00 2398.00-2402.00 LME stocks (tonnes) 860,375 859,750 855,850 871,050 879,725Cobalt min 99.3%37875.00-38000.00 LME Cash official 34000.00-36000.00 34000.00-35300.00 34000.00-35300.00 34000.00-35300.00 34250.00-34750.00 LME 3 months official 34000.00-36000.00 34000.00-35300.00 34000.00-35300.00 34000.00-35300.00 34250.00-34750.00 LME stocks (tonnes) 249 264 264 263 263Molybdenum $30500.00-32500.00 LME Cash official 31000.00-32500.00 31500.00-32500.00 31500.00-32500.00 31000.00-32000.00 31000.00-32000.0031000.00-33000.00 LME 3 months official 31000.00-32500.00 31500.00-32500.00 31500.00-32500.00 31000.00-32000.00 31000.00-32000.00 LME stocks (tonnes) 270 270 270 270 270Steel Billet425.00-425.50 LME Cash Official 593.00-605.00 585.00-595.00 604.00-606.00 609.00-609.50 603.00-605.00 “unofficial” 593.00-605.00 585.00-595.00 604.00-606.00 609.00-609.50 603.00-605.00430.00-440.00 LME 3 months official 565.00-575.00 565.00-575.00 580.00-590.00 585.00-590.00 580.00-583.00 “unofficial” 565.00-575.00 565.00-575.00 580.00-590.00 585.00-590.00 580.00-583.00 LME stocks (tonnes) 38,610 38,610 38,610 38,610 38,610Gold $/troy oz1186.00 London morning 1492.75 1495.25 1498.75 1515.80 1526.251193.25 London afternoon 1483.00 1495.00 1510.00 1527.25 1527.501193.25 Handy/Harman 1483.00 closed 1510.00 1527.25 1527.50Silver per troy oz1166.56/1765.00 London Spot pence/cents 2112.98/3385.00 2118.01/3410.00 2157.67/3476.00 2209.87/3538.00 2244.76/3586.001787.50 Handy/Harman cents 3392.00 closed 3506.00 3609.50 3639.00Palladium $/troy oz433.00 London morning 752.00 758.00 759.00-759.00 776.00 770.00439.00 London afternoon 750.00 758.00 772.00 776.00 779.00Platinum $/troy oz1503.00 London morning 1703.00 1720.00 1720.00-1720.00 1738.00-1738.00 1724.001512.00 London afternoon 1708.00 1722.00 1731.00 1743.00 1734.00

DubaiDubai Gold & Commodities Exchange settlement prices. All prices per tonne fca on truck Jebel Ali free zone duty-unpaid customs-cleared Jul 4 Jul 5 Jul 6 Jul 7Rebar $ February delivery 635.00 635.00 635.00 635.00 March Delivery 635.00 635.00 635.00 635.00

Kuala Lumpur tin marketYear ago Jul 7 Jul 1 Jul 4 Jul 5 Jul 6 Jul 7Tin $/tonne17,500 25,650 25,550 25,650 26,500 26,500


Pric

es

28 | Metal Bulletin | Monday 11 July 2011

LME & SHFE stocks (tonnes effective 6 July) Note:deliveries in and out for the week Jun 30 - Jul 6

Aluminium Delivered in Delivered out Total Ingots T Bars Sows Ingots T Bars Sows Ingots T Bars SowsAntwerp nil nil nil 50 nil nil 35,050 25,050 250Hamburg nil nil nil nil nil nil 23,425 20,075 nilGenoa nil nil nil nil nil nil 13,125 nil nilLeghorn nil nil nil nil nil nil 975 nil 400Trieste nil nil nil nil nil nil 69,750 70,475 5,325Busan nil nil nil 2,625 4,425 nil 37,775 13,850 5,650Gwangyang nil nil nil 950 2,750 nil 52,825 42,725 nilIncheon nil nil nil nil 4,150 nil 31,025 5,875 950Johor nil nil 375 3,925 nil 250 167,725 37,550 90,325Port Klang nil nil nil nil nil nil 20,800 725 3,675Rotterdam nil nil nil 1,500 450 nil 213,700 225,400 49,475Vlissingen nil nil nil nil nil nil 130,050 173,775 nilSingapore nil nil 750 5,450 nil nil 330,625 112,425 123,600Bilbao nil nil nil nil nil nil 16,225 14,725 nilGothenburg nil nil nil nil nil nil nil nil 25Helsingborg nil nil nil nil nil nil nil 12,400 nilHull nil nil nil 1,650 1,025 nil 9,450 6,125 nilTyne & Wear nil nil nil 25 250 nil 13,675 51,000 3,575Liverpool nil nil nil 2,300 200 nil 11,675 8,200 50,300Baltimore nil nil nil nil 200 nil 13,675 220,425 178,300Chicago nil nil nil 50 725 150 600 53,675 26,400Detroit nil nil nil nil 4,925 1,050 29,725 652,525 449,725Long Beach nil nil nil nil 1,625 nil 7,900 5,800 6,775Los Angeles nil nil nil nil nil nil 75 5,975 2,675Mobile nil nil nil 3,400 nil 2,225 216,350 5,750 13,800New Orleans nil nil nil 2,725 2,550 nil 104,350 34,750 12,200St Louis nil nil nil nil nil nil nil 925 nilToledo nil nil nil nil nil nil 1,650 5,225 68,600Total nil nil 1,125 24,650 23,275 3,675 1,551,725 1,805,425 1,092,025

Al.Alloy (large sows) Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil nil nil nil 720 nilRotterdam nil nil nil nil nil nil 200 1,520 nilVlissingen nil nil nil nil nil nil nil 160 nilSingapore nil nil nil nil nil nil 400 nil nilTotal nil nil nil nil nil nil 600 2,400 nilAlum.alloy Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil nil nil nil 3,280 nilBremen nil nil nil nil nil nil nil nil nilHamburg nil nil nil nil nil nil 60 nil nilGenoa nil nil nil nil nil nil 11,720 nil nilTrieste nil nil nil nil nil nil 9,320 640 nilGwangwang nil nil nil nil nil nil nil 200 nilIncheon nil nil nil nil nil nil nil nil nilRotterdam nil nil nil nil nil nil 860 13,200 nilVlissingen nil nil nil nil nil nil 320 12,640 nilJohor nil nil nil nil nil nil nil 6,000 nilSingapore nil 660 nil nil nil nil 680 21,660 nilBilbao nil nil nil nil nil nil 2,120 nil nilLiverpool nil nil nil nil nil nil 320 nil nilTotal nil 660 nil nil nil nil 25,400 57,620 nilNickel Delivered in Delivered out Total Cats Pellets Briqs Cats Pellets Briqs Cats Pellets Briqs Singapore nil nil nil 54 nil nil 438 nil nilSt Louis nil nil nil nil nil nil nil nil nilTotal nil nil nil 54 nil nil 438 nil nil

Nickel full plate cats Delivered Delivered Total In OutHamburg nil nil 1,068Busan nil nil 4,410Gwangyang nil 468 2,670Rotterdam nil 1,938 75,900Singapore nil 12 7,962Gothenburg nil nil 1,284Helsingborg nil nil 3,780Hull nil nil 2,766Tyne & Wear nil nil 858Liverpool nil nil 3,552Total nil 2,418 104,244Copper Delivered Delivered Total In Out cats cats catsAntwerp nil nil 750Hamburg 125 600 7,950Leghorn nil nil 6,250Trieste nil nil 500Busan nil 300 64,825Gwangyang nil 1,850 44,500Incheon nil 200 13,225Johor nil nil 4,500Port Klang 1,300 nil 8,325Rotterdam 850 1,250 17,600Vlissingen nil nil nilSingapore 100 100 45,100Bilbao nil nil 1,525Hull nil 125 nilLiverpool nil nil 75Baltimore nil nil 675 Chicago nil 825 25,250Mobile nil 625 5,475New Orleans 900 1,400 117,200St Louis 1,000 300 98,225Total 4,275 7,575 461,950Cobalt Delivered Delivered Total In OutAntwerp nil nil nilRotterdam nil 8 184Singapore 20 nil 49Baltimore nil nil 30Total 20 8 263Roasted Molybdenum Concentrate RMC Powder Delivered Delivered Total In OutRotterdam nil 6 270Singapore nil nil nilBaltimore nil nil nilTotal nil 6 270

Lead Delivered Delivered Total In OutAntwerp nil nil 5,025Hamburg nil nil 2,500Genoa nil 25 9,075Leghorn nil nil 11,350Johor nil nil 25,475Port Klang nil 2,600 55,475Trieste nil nil 5,800Rotterdam nil 1,150 12,075Vlissingen nil nil 14,500Singapore 400 7,675 38,825Barcelona nil nil 16,600Bilbao nil nil 31,175Liverpool nil nil 475Baltimore nil nil 4,300Chicago nil nil 1,125Detroit nil nil 42,025Long Beach 425 175 29,025Los Angeles nil nil 2,875Mobile nil nil 875New Orleans nil 75 850Total 825 11,700 309,425Zinc Delivered Delivered Total In OutTrieste nil nil 6,550Johor nil 2,625 100,975Port Klang 1,575 8,150 79,250Rotterdam nil nil 23,600Vlissingen nil nil 25Singapore nil nil 2,150Dubai nil nil 2,000Bilbao nil nil 600Hull nil nil 3,925Liverpool nil nil 200Baltimore nil nil 6,475Chicago nil nil 27,400Detroit nil nil 88,725Long Beach nil 200 4,025Los Angeles nil nil 350New Orleans 17,225 250 523,800St Louis nil nil 25Toldeo nil nil 975Total 18,800 11,225 871,050Tin Delivered Delivered Total In OutAntwerp nil nil nilBusan nil nil 70Gwangyang nil nil 110Rotterdam nil nil 30Johor 40 65 15,080Singapore 355 430 6,310Baltimore nil nil 450Total 395 495 22,050

NASAAC ingots Delivered Delivered Total In OutBaltimore nil nil 9,300Chicago 280 1,260 6,020Detroit nil nil 12,660Long Beach nil 60 980Mobile nil nil 40New Orleans nil nil 1,760Owensboro nil nil nilSt Louis nil nil nilTotal 280 1,320 30,760NASAAC T-Bars Delivered Delivered Total In OutBaltimore nil nil 3,360Chicago nil nil nilDetroit nil nil 4,240Louisville nil nil nilOwensboro nil nil nilSt Louis nil nil nilTotal nil nil 7,600NASAA large sows Delivered Delivered TotalBaltimore nil nil 3,300Chicago nil nil 160Detroit nil nil nilLouisville nil nil nilOwensboro nil nil nilTotal nil nil 3,460NASAA small sows Delivered Delivered Total In OutBaltimore nil nil nilChicago 60 nil 69,280Detroit nil nil 23,160Louisville nil nil 1,380Mobile nil nil 960New Orleans nil nil 4,000St Louis nil nil 6,860Total 60 nil 105,640Shanghai Futures Exchange DeliverableAluminium 238,894Copper 89,498Zinc 401,865Steel Billet Delivered in Delivered out TotalKocaeli nil nil nilTekirdag nil nil 390Johor nil nil 9,100Rotterdam nil nil 27,690Incheon nil nil 130Chicago nil nil 1,300Total nil nil 38,610

Pric

esExchange Rates & New York Futures

Non-Ferrous Primary Metals

Jul 6 Jul 8AluminiumLME prices: see Daily MetalEuropean free market: $/tonne in warehousemin 99.7% ingot duty unpaid premium indicator 120-140* 120-140*LME duty-paid Premium Indicator/HG Cash 190-210* 190-210*HG duty-paid three months 190-210* 190-210*Cif Japan: 99.7% duty unpaid premium indicator quarterly 120-121* 120-121*CIS-origin: indicators in warehouse Europe: A7e premium 120-140* 120-140*LME warehouse premium Singapore: 85-90* 85-90*Extrusion billet premium 6063, EC duty paid,in warehouse Rotterdam ($/tonne) 420-450* 420-450*US free market: P1020 US midwestpremium indicator ($/lb) 0.085-0.090* 0.085-0.090*MB Chinese free market,Metallurgical grade, delivered duty paid RMB/tonne 2,650-3,000* 2,650-3,000*Alumina Index fob Australia 379.43Copper & BrassLME: see Daily MetalProducer premium(Codelco): contract2011 Grade A cathode (average) 98-98 98-98MB free market US: High-grade cathodepremium indicator, $/tonne 88.00-132.00* 110.00-121.00*MB European free market premium: $/tonneN. Europe Grade A 75.00-90.00* 75.00-90.00*LME warehouse premium Singapore: 40-60* 35-35*Chinese Grade 1: 55-60* 55-60*Cif Shanghai premium LME Grade A: 100.00-130.00* 70.00-100.00*Germany: (VDM) Electro, €/tonne wirebar (DEL): 6,625.00-6,686.20 6,625.00-6,686.20cathodes: 6,610.00-6,710.00 6,610.00-6,710.00South Africa: Phalaborwa W/B, Rand/tonne 79,310.15-79,310.15 79,310.15-79,310.15TinKuala Lumpur and LME prices: see Daily MetalMB European free marketSpot premium 99.9% $ per tonne 500-550* 500-550*Spot premium 99.85% $/tonne 430-480* 430-480*MB US free market: Grade A tin premium $/lb 0.27-0.32* 0.27-0.32*

Jul 6 Jul 8NickelLME prices: see Daily MetalEurope: $/tonne in warehouse Rotterdamuncut cathodes premium indicator 150.00-200.00* 150.00-200.00*4x4 cathodes premium indicator 350.00-400.00* 350.00-400.00*briquettes premium indicator 350.00-400.00* 350.00-400.00*US: melting premium indicator $/lb 0.30-0.50* 0.30-0.50*plating premium indicator $/lb 0.65-0.90* 0.65-0.90*LeadLME prices: see Daily MetalGermany: (VDM) virgin soft, €/tonne 2,000.00-2,040.00 2,000.00-2,040.00MB 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) 157.73-157.73* 157.73-157.73*Ca/Ca grid lead (average) 352.12-352.12* 352.12-352.12*Connector lead (average) 309.77-309.77* 309.77-309.77*European Industrial batterypremium free market (Eurobat)in warehouse Rotterdam €/tonne (average) 101.24-101.24* 101.24-101.24*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 1,770-1,800 1,770-1,800UK: ThyssenKrupp Metallurgie GMbHcontract price forJuly 2011Special high grade, £/tonne 1,553.00-1,553.00 1,553.00-1,553.00MB 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

Jul 6 Jul 8IridiumMB free market: min. 99.9%, $/troy oz in warehouse 1,000-1,050* 1,000-1,050*Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 1,050 1,050Engelhard base price: $/troy oz 1,050 1,050PalladiumWorld prices: see Daily MetalEuropean free market: min. 99.9%,$/troy ozin warehouse 775-780* 775-780*Engelhard base price: $/troy oz 775 782Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 780 787

Jul 6 Jul 8PlatinumWorld prices: see Daily MetalEuropean free market: min. 99.9%, $/troy ozin warehouse 1,743-1,748* 1,741-1,746*Engelhard base price: $/troy oz 1,740 1,736Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 1,748 1,746RhodiumEuropean free market: min. 99.9%, $/troy ozin warehouse 2,000-2,050* 2,000-2,050*Engelhard base price: $/troy oz 2,000 2,000Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 2,000 2,000RutheniumEuropean free market: min. 99.9%, $/troy ozin warehouse 140-180* 140-180*Engelhard base price: $/troy oz 180 180Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 180 180

Exchange Rates Jul 1 Jul 4 Jul 5 Jul 6 Jul 7LME Settlement Conversion Rates$/£ 1.6006 1.6071 1.6116 1.6002 1.5976$/Yen 80.71 80.77 81.11 81.09 81.07$/€ 1.4487 1.4499 1.4468 1.4325 1.4257Closing Rates, Midpoint$/£ 1.6046 1.6065 1.6100 1.5977 1.5981$/Yen 80.89 80.81 81.05 80.90 81.25$/€ 1.4483 1.4512 1.4464 1.4306 1.4367£/€ 1.1080 1.1070 1.1131 1.1168 1.1124

Standard Bank pricesStandard Bank’s rand fixing prices per tonne for London Metal Exchange trade Jul 1 Jul 4 Jul 5 Jul 6 Jul 7Copper R63,549.59 R63,307.800 R63,411.88 R63,854.644 R64,164.94Aluminium R16,797.90 R16,551.78 R16,757.24 R17,040.09 R17,015.11Lead R17,814.83 R17,860.19 R17,937.09 R18,014.97 R18,125.23Zinc R15,808.00 R15,761.36 R15,931.35 R15,943.35 R15,857.90Nickel R156,188.00 R155,393.70 R155,773.91 R157,131.70 R157,267.00Tin R174,668.45 R172,480.28 R175,831.36 R179,235.75 R182,564.28

New York futuresYear ago Jul 6 Jun 30 Jul 1 Jul 4 Jul 5 Jul 6(Comex) Copper high grade cents/lb300.55 Apr ̀ 03 427.20 429.20 closed 433.90 432.65128,297 Open Interest 131,951 134,802 closed 138,627 141,623101,282 Stocks (short tons) 80,105 80,204 closed 80,240 80,090(Comex) Gold $/troy oz1189.50 Apr ̀ 03 1502.30 1482.30 closed 1512.30 1528.70571,466 Open Interest 491,065 494,169 closed 489,782 495,32710,894,973 Stocks (troy oz) 11,392,916 11,488,837 closed 11,728,462 11,347,408(Nymex) Palladium $/troy oz439.90 Nymex Sett APR 759.40 756.45 closed 774.65 772.206,253 Stocks (troy oz) 5,033 5,027 closed 4,910 4,091(Nymex) Platinum $/troy oz1506.00 Nymex Sett APR 1724.80 1716.80 closed 1742.60 1733.402,652 Stocks (troy oz) 2,452 2,452 closed 2,458 2,454(Comex) Silver cents/troy oz1775.50 Apr ̀ 03 3481.20 3369.40 closed 3540.20 3591.10119,163 Open Interest 110,978 111,606 closed 111,251 111,140

Shanghai futuresYear ago Jul 7 Jul 1 Jul 4 Jul 5 Jul 6 Jul 7Aluminium yuan/tonne (November delivery)14,680 17,300 17,430 17,410 17,500 17,505Copper yuan/tonne (November delivery)52,950 70,080 70,780 70,480 70,780 70,980Zinc yuan/tonne (November delivery)15,040 17,555 17,760 17,780 17,870 17,860


Pric

es


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. Jul 6 Jul 8AntimonyMB free marketRegulus, min 99.65%, max Se 50 ppm, max 100 ppm Bi,$/tonne in warehouse Rotterdam 13,250-14,000* 13,750-14,250*MMTA Standard Grade II, $/tonne in warehouse Rotterdam 13,000-13,750 13,500-14,000MB Chinese free marketMMTA Standard Grade II, delivered duty paid RMB/tonne 82,000-85,000* 82,500-86,000*ArsenicMB free market$/lb 0.60-0.65* 0.60-0.65*BismuthMB free market$/lb 11.80-12.50* 11.90-12.60*MB China domestic, min 99.99%, RMB/tonne 166,000-167,500* 166,000-168,000*CadmiumMB free market min 99.95%, cents/Ib 130-155* 130-150*MB free market min. 99.99%, cents/lb 135-160* 135-155*ChromiumMB free marketalumino-thermic, min. 99%, $/tonne 13,000-14,000* 13,000-14,000*western un-degassed AT, min. 99.4%, $/kg d/d 10.25-10.65* 10.25-10.65*CobaltMB free market High Grade, $/Ib 16.10-17.00* 16.10-17.00*MB free market Low Grade, $/lb 15.60-16.20* 15.50-16.20*MB China domestic, min 99.8% RMB/tonne 272,000-285,000* 272,000-285,000*MB Chinese free marketConcentrate min 8% cif main Chinese ports $/lb 13.40-14.00* 13.40-14.00*GalliumMB free market $/kg 850-930* 850-930*MB China domestic, min 99.99%, RMB/kg 5,500-5,600* 5,500-5,600*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 10,200-10,400* 10,200-10,400*Germanium dioxide, China domestic min 99.999%, RMB/kg 8,500-8,800* 8,500-8,800*IndiumMB free market $/kg 690-790* 690-790*

Jul 6 Jul 8Indium cont.MB Chinese free marketCrude min 98% duty paid in w/house China RMB/kg 4,300-4,400* 4,250-4,400*MB China domestic, min 99.99% RMB/kg 4,700-4,850* 4,700-4,850*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 3,140-3,200* 3,140-3,200*MB Chinese free market min 99% Mg, ex-works RMB/tonne 17,500-18,500* 17,500-18,500*Manganese FlakeMB free market $/tonne 3,350-3,400* 3,350-3,400*MercuryMB free market $ per flask 1,250-1,400* 1,250-1,400*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 1,050.00-1,110.00* 1,040.00-1,100.00*Selenium dioxide, MB China domestic, min 98%, RMB/kg 790.00-810.00* 780.00-800.00*SiliconMB free market €/tonne 2,200-2,400* 2,200-2,400*US free market cents/lb 157-160* 157-160*Hong Kongmin. 98.5%, $/tonne fob main Chinese ports 2,550-2,580* 2,550-2,580*TelluriumMB free market $/kg 340-390* 330-380*MB China domestic, min 99.99%, RMB/kg 2,350-2,450* 2,350-2,450*TitaniumMB free market ferro-titanium70% (max 4.5% Al), $/kg Ti d/d Europe 8.80-9.40* 8.80-9.40*Titanium Ores $/tonne Rutile conc min. 95% TiO2 bagged, fob/Aus 850-900 850-900Rutile bulk conc min. 95% TiO2 fob/Aus 700-750 700-750Ilmenite bulk conc min. 54% TiO2 fob/Aus 120-140 120-140

Noble Alloys & Ores Jul 6 Jul 8Lithium 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 14.50-14.80* 14.50-14.80*USCanned molybdic oxide, $/lb Mo 17.50-18.00* 17.50-18.00*Ferro-Molybdenumbasis 65-70% Mo, $/kg Mo 36.40-38.00* 36.40-38.00*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 15.00-16.00* 15.00-16.00*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 2,020-2,040* 2,000-2,030*UraniumNuexco spot price indicator $/lb U3O8 51.75-51.75 51.75-51.75ZirconFoundry grade bulk, $/tonne fob Australia 1,600-1,700 1,600-1,700Premium bulk, $/tonne fob Australia 1,600-1,700 1,600-1,700

Jul 6 Jul 8TungstenEuropean free marketAPT, $/mtu 445-455* 445-455*US free marketAPT, $/stu 305-309* 305-309*Hong KongAPT Chinese No1, $/mtu fob main Chinese ports 450.00-460.00* 450.00-460.00*MB Chinese free marketConcentrate 65% W03, in warehouse China RMB/tonne 136,000-139,000* 135,000-137,000*Ferro Tungstenbasis 75% W min, $/kg W, in warehouse Rotterdam,duty unpaid 46.90-48.50* 4,690.00-48.00*Hong Kong, min. 75% W, $/kg W, fob main Chinese ports 54.00-55.00* 54.00-55.00*Tungsten OreMin. 65% WO3 $/mtu WO3 140-160* 140-160*VanadiumFerro vanadium basis 70-80%, $/kg V 28.40-29.50* 28.20-29.50*US free market ferro-vanadium, $/lb, in warehouse Pittsburgh 14.90-15.50* 14.90-15.50*Vanadium pentoxide cif Europe min 98% $ per Ib V2O5 6.20-7.10* 6.20-7.10*Vanadium pentoxide US free market min 98% $ per Ib V2O5 6.50-6.75* 6.50-6.75*

Bulk Alloys Jul 8Ferro-Chrome $/lb CrLumpy Cr charge, basis 52% Cr, (and high carbon) quarterly 1.35-1.35*6-8% C basis 60% Cr, max 1.5% Si 1.10-1.25*European low carbon 0.10% C average 60-70% Cr quarterly 2.35-2.45*0.10% C average 60-70% Cr 2.25-2.35*European low carbon, in warehouse, 0.06% C max - 65%Cr 2.25-2.45*Low phosphorous Cr min 65%, C max 7%, Si max 1%, P max 0.015%, Ti max 0.05% 1.30-1.40*US free market, in warehouse Pittsburgh,6-8% C basis 60-65% Cr, max 2% Si 1.260-1.320*US free market, low carbon, duty paid, fob Pittsburgh,0.05%C - 65% min Cr 2.55-2.60*0.10%C - 62% min Cr 2.30-2.35*0.15%C - 60% min Cr 2.09-2.11*Spot 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 7,800-8,000*Contract 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 7,900-8,100*Chrome Ore $/tonneChrome ore, cif main Chinese portsSA friable lumpy basis 35-40% 200-230*SA LG6 Met grade basis 42% 220-240*SA UG2 Met grade basis 40% 210-230*Turkish lumpy 40-42% cfr main Chinese ports 260-300*

Jul 8Ferro-Manganesebasis 78% Mn (Scale pro rata), standard 7.5% C, Euro/tonne 950-1,000*US free market, 78% Mn, standard 7.5% C, $/long ton in warehouse Pittsburgh 1,280-1,350*US free market, medium carbon, duty paid, fob Pittsburgh,80% min Mn, 1.5% max C, $/lb 1.10-1.15*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 7,350-7,600*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 1,220-1,320*US free market, $/lb in warehouse Pittsburgh:lumpy basis 75% Si imported 1.01-1.05*Hong Kong, min. 75%, fob main Chinese ports 1,510-1,550*MB Chinese free marketmin 75% in warehouse China RMB/tonne 6,900-7,150*Silico-ManganeseLumpy, 65-75% Mn basis, 14-25% Si (Scale pro rata) Euro/tonne 875-950*US free market, $/lb in warehouse Pittsburgh: 0.61-0.64*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 8,300-8,500*

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 Jul 08 (UK), Jul 07 (US). l Reminder: prices marked * are MB copyright. These markets were last assessed on Jul 08 (Europe and Asia) and Jul 07 (USA).l All Chinese domestic prices include VAT of 17%

Pric

esWorld SteelEU ImportsMetal Bulletin’s appraisal of cfr prices for imported, non-EU origin, commercial-quality carbon steel, € per tonne cfr main EU port (€/$=0.70).Rebar 540-560 29/06 JulWire rod (mesh quality) 560-570 29/06 JulPlate (10-50mm) 650-670 27/06 JulHot rolled coil 520-530 29/06 JulCold rolled coil 610-630 08/06 JulHot-dip galvanized coil 660-670 15/06 JulEU exportsMetal Bulletin’s appraisal of EU mills’ prices for export outside the EU of commercial-quality carbon steel, $ per tonne fob main EU portRebar 715-730 29/06 JulWire rod (mesh quality) 730-740 29/06 JulEU 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 (€/$=0.70)Rebar 540-560 29/06 JulWire rod (mesh quality) 560-570 29/06 JulSections (medium) 580-600 28/06 JulPlate (up to 10mm) 700-710 18/05 JunPlate(10-50mm) 670-690 06/07 JulHot rolled coil 545-555 29/06 JulCold rolled coil 660-680 29/06 JulHot-dip galvanized coil 630-650 29/06 Jul

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 650-660 04/07 JulSlab 605-630 06/07 JulRebar 700-710 04/07 JulWire rod (mesh) 730-735 04/07 JulHeavy plate (10-50mm) 755-760 05/07 JulHot rolled coil 685-710 30/06 JulCold rolled coil 780-830 27/06 JulCIS DomesticMetal Bulletin’s appraisal of prices within Russia and Ukraine for commercial-quaility carbon steel of CIS origin, $ per tonne ex-works.Rebar 740-750 01/07 JulHot rolled coil 725-740 01/07 JulCold rolled coil 825-840 01/07 Jul

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 690-700 07/07 JulRebar 730-740 07/07 JulWire rod (mesh quality) 740-750 07/07 JulMerchant bars 765-785 07/07 JulTurkish DomesticMetal Bulletin’s appraisal of prices within Turkey for commercial-quailty carbon steel of Turkish origin, $ per tonne ex-works.Billet 690-700 07/07 JulRebar 730-740 07/07 JulWire rod (mesh quality) 740-750 07/07 JulHot rolled coil 740-750 23/06 JulCold rolled coil 865-870 23/06 JulTurkish importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Turkish port.Billet 680-690 07/07 AugHot rolled coil 710-730 07/07 AugCold rolled coil 830-840 07/07 AugGCC country importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Gulf port.Billet 685-690 05/07 AugRebar 700-710 05/07 AugHot rolled coil 735-745 14/06 JulCold rolled coil 830-850 07/06 Jul

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/$=10,593.50).Rebar (12-25)mm) 8.55-8.65 07/07 JulEqual Angles 9.00-10.15 07/07 Jull-beams 9.25-12.80 07/07 JulPlate 9.10-9.20 07/07 JulHot rolled coil 8.60-8.90 07/07 JulCold rolled coil 10.80-11.10 07/07 JulHot-dip galvanized coil 12.40-12.70 07/07 JulHollow sections 9.70-9.90 07/07 JulIran ImportsMetal Bulletin’s appraisal of prices quoted by overseas suppliers for commercial-quality carbon steel to Irainian buyers, $ per tonne cfr Iranian northern portsBillet 670-680 07/07 AugRebar 700-710 07/07 AugEgyptian DomesticMetal Bulletin’s appraisal of prices within Egypt for commercial-quality carbon steel of Egyptian origin, E£ per tonne ex-worksRebar 4,650-4,650 01/07 Jul

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 680-700 29/06 JulSlab 680-710 12/05 MayRebar 710-730 29/06 JulMerchant bar (equal angles) 510-520 19/03 AprWire rod mesh quality 730-750 07/07 AugWire rod drawing quality 730-750 07/07 AugMedium plate: 3-10mm 840-850 03/02 MarHeavy plate: over 10mm 830-850 03/02 MarHot rolled coil (dry) 725-740 22/06 JulCold rolled coil 840-860 03/02 MarGalvanized coil 900-920 26/05 Jun

NaftaProduct Price Jul 7US ImportsMetal Bulletin’s appraisal of prices for imported, non-Nafta origin, commercial-quality carbon steel, $ per short ton cfr Gulf.Slab 735-760 Rebar 650-715 Merchant bars 700-710 Wire rod (low carbon) 700-750 Medium sections 640-650 Heavy sections (over 24in) 730-740 Medium plate 840-955 Heavy plate 880-1000 Hot rolled coil (commodity) 745-780 Cold rolled coil 820-855 Galvanized coil (base US) 920-955 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) 760-760 Wire rod (mesh quality; delivered) 925-925 Plate (fob mill) 1080-1080 Hot rolled coil (fob mill) 735-735 Cold rolled coil (fob mill) 850-850 Hot-dip galv coil (fob mill) 970-970

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 820-822 08/07 AugRebar 690-700 08/07 AugWire rod (mesh quality) 700-710 08/07 AugHeavy plate 680-690 08/07 AugHot rolled coil 680-690 08/07 AugCold rolled coil 730-740 08/07 AugGalvanized coil 1mm 800-830 08/07 AugChina 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 750-760 08/07 AugHot dip galvanized coil 770-800 08/07 Aug

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/$=6.46)Rebar 4,660-4,680 08/07 JulWire rod (mesh) 4,700-4,770 08/07 JulSections 4,660-4,840 08/07 JulPlate 4,800-4,830 08/07 JulHot rolled coil (min 2mm) 4,730-4,760 08/07 JulCold rolled coil (0.5 - 2mm) 5,270-5,320 08/07 JulHot-dip galvanized coil 5,770-5,790 08/07 JulSouthern China DomesticMetal Bulletin’s appraisal of prices in Southern China for commer-cial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.46)Rebar 4,930-5,200 08/07 JulWire rod (mesh) 4,840-4,900 08/07 JulSections 4,930-5,050 08/07 JulPlate 4,950-5,010 08/07 JulHot rolled coil (min 2mm) 4,860-4,870 08/07 JulCold rolled coil (0.5 - 2mm) 5,380-5,420 08/07 JulHot-dip galvanized coil 5,860-6,050 08/07 JulIndian 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) 760-770 08/07 JulHot rolled coil (commodity) 730-740 20/05 JunHot-dip galvanized coil 970-980 11/03 MarIndian 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) 745-750 01/07 AugHot rolled coil (commodity) 715-720 06/05 JunHot rolled coil (CR grade) 730-735 06/05 JulCold rolled 785-795 01/07 AugHot dip-galvanized coil 805-810 13/08 AugIndian domesticMetal Bulletin’s appraisal of prices within India for commercial-quality carbon steel, rupees per tonne ex-works.Billet 29300-29400 08/07 JulHeavy plate 37000-37500 08/07 JulHot rolled coil 34500-35500 08/07 JulCold rolled coil 42500-43000 08/07 JulHBI 21000-21100 08/07 JulHot-dip galvanized coil 44000-44500 08/07 Jul

SteelBenchmarkerTM PricesProduct Price Jun 27Prices in $/metric tonne, except (short ton) and {€ per tonne}Region: USA, East of the MississippiStandard plate 1,144(1,038)Hot rolled coil 834(756)Cold rolled coil 941(853)Region: Mainland ChinaRebar 633Standard plate 635Hot rolled coil 620Cold rolled coil 708Region: Western EuropeHot rolled coil 798{559}Cold rolled coil 924{647}Region: World Export MarketStandard plate 802Hot rolled coil 718Cold rolled coil 821

Stainless SteelProduct Price Date MonthStainless Steel - Asia import$/tonne cif East Asian portGrade 304 2mm CR coil, 2B 3,250-3,300 08/07 AugGrade 304 HR sheet 3,100-3,150 08/07 AugStainless Steel - China Domesticyuan/tonne, in warehouseGrade 304 2mm CR coil 22,900-23,000 08/07 JulGrade 430 2mm CR coil 11,000-11,500 08/07 JulStainless Steel - EU export$/tonne fob N. European port.Min 100 tonne lotGrade 304 2mm CR sheet 4,080-4,150 01/07 JulStainless Steel - EU domestic2mm 304 cold rolled stainless sheet €/tonnebase price 1,140-1,170 01/07 JulAlloy Surcharge 1,579-1,597 01/07 Jul304 Stainless steel bright bar €/tonneBase price 1,100-1,150 01/07 NovAlloy Surcharge 2,205-2,388 01/07 Jul

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


Pric

esPr

ices

Scrap, Secondary Metals, Scrap Substitutes & Iron OreFerrous 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 Jul 8Cut GradesOA plate and structural 240-2551&2 Old steel 220-24012A/C/D New Production heavy andshovellable steel 225-245Bales and Cuttings4A New steel bales 255-2654C New steel bales 245-2558A New loose light cuttings 230-2458B New loose light cuttings 220-240Turnings7B Heavy steel turnings 190-200Cast Iron9A/10 Heavy and light cast iron 220-2409B/C Cylinder block scrap 280-29511A Cast iron borings 220-240Prices relate to new UK scrap specifications.‡‡Please see MB.com for full explanation of price changesUK Intermerchant weekly price£/tonne Jul 85C Loose old light 170-180UK ferrous scrap export MB assessment, $/tonne fob main UK port Jun 30 Jul 7HMS 1&2 (80:20 mix) 425-430 425-430Shredded 445-450 445-450Indian Imports MB assessment, $/tonne cfr Nhava Sheva Jun 30 Jul 7HMS 1&2 (80:20 mix) 470-475 470-475Shredded 495-500 485-490Alloy steel scrapUK wholesale merchants’ stainless (£/tonne) Jul 818/8 turnings 930-96918/8 solids 1,220-1,27012-13% Cr solids 230-25016-17% Cr solids 300-310Cif Europe stainless ($/tonne)18/8 solids 2,097-2,18318/8 turnings 1,771-1,833UK home high speed (pence/kg)6-5-2 solids 200-2206-5-2 turnings 130-160Rotterdam exportMB assessment, $/tonne fob Rotterdam Jun 30 Jul 7HMS 1&2 (80:20 mix) 438-443 440-445HMS 1&2 (70:30 mix) 428-433 425-430Shredded 443-448 445-450Turkish importMB assessment, $/tonne cfr main Turkish ports Jun 30 Jul 7HMS 1&2 (80:20 mix) 455-460 465-470HMS 1&2 (70:30mix) 440-445 445-450Shredded 460-465 470-475US exportMB assessment, $/tonne fob East Coast Jun 30 Jul 7HMS 1&2 (80:20 mix) 445-450 435-440Shredded 450-455 440-445USAIron Age scrap price bulletin composite - $/long ton delivered Pittsburgh/Chicago.Week ending Jun 30 Jul 7No 1 heavy melting 415.83 418.50No 2 bundles 352.00 352.00MB assessment of Broker Buying Price, $/tonne delivered DetroitNo 1 busheling 410.00 410.00No 1 bundles 385.00 385.00China domesticyuan/tonne delivered mill Jul 8Heavy Scrap 3,800-3,860GermanyEuro/tonne, delivered at scrapyard. Source: BDSV May JunNo E2/8 (new steel scrap) 325.00 335.90No E1 (old steel scrap) 263.90 275.90No E3 (old thick steel scrap) 303.80 317.50No E40 (shredded steel scrap) 305.40 317.80No E5 (steel turnings) 230.00 240.90

Non-Ferrous scrap EuropeAluminiumEuropean free market (MB assessment. €/tonne eff Jul 8)Floated Frag 1,320-1,370Cast 1,220-1,280Mixed turnings 6% 1,080-1,130LME Cash primary (lowest midday bid) $2,545.00LME Cash alloy (lowest midday bid) $2,320.00Germany (per 1000kg eff Jul 6) €Pure Cuttings 1,360-1,450Commercial Cast 1,690-1,790H9 Extrusions 1,280-1,350Alloy Turnings 940-1,050Source:VDMFrance (per 1000kg eff Jul 5) €Pure Cuttings 1,520-1,540Old Rolled 900-950Commercial Cast 950-1,000Source: Lettre d’Information MetauxItaly (per 1000kg eff Jul 1) €Pure Cuttings 1,500-1,600Old Mixed Scrap 1,250-1,300Commercial Cast 1,250-1,300Source: AssometCopperGermany (per 1000kg eff Jul 6) €Copper Wire (Berry) 6,230-6,410Heavy Copper 5,760-6,000Heavy Brass 3,300-3,550Brass Turnings (MS 58) 3,750-3,970Brass Sheet (MS 63) 3,880-4,450Source:Verein Deutscher MetallhandlerFrance (per 1000kg eff Jul 5) €Electro Cuttings 6,100-6,150No 1 Bright Wire 5,550-5,600Mixed (96%) 5,450-5,500Brass Plate Cuttings 70/30 4,250-4,280Brass Turnings 3,400-3,450Mixed Brass 3,300-3,350Source: Lettre d’Information MetauxItaly (per 1000kg eff Jul 1) €Electrolytic dd EN 12861-S-Cu-2 6,309-6,361Enamelled wire EN 12861-S-Cu-3 6,149-6,201New from tubes, strips etc EN 12861-S-Cu-4 6,269-6,321Old from tubes, strips etc 12861-S-Cu-7 5,999-6,051EN 12861-S-Cu-Zn-1-A-Cu 63.5% 4,479-4,556Mixed from valves/taps EN 12861-S-Cu-Zn-6 3,928-4,006Several 95% m/m 12861-S-Cu-Zn-7 3,728-3,806Source: Assomet

SteelBenchmarkerTM scrap pricesPrices in $/metric tonne, except [gross ton]Region: USA, East of the Mississippi Jun 27†Shredded Scrap 433[440]No 1 Heavy melting scrap 399[405]No 1 Busheling scrap 482[490]†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 389-395 14/04 AprSouth American exports $/tonne, delivery terms as statedHot briquetted iron 380-400 29/06 JulPig Iron basic steelmaking;fob Vitorio/Rio 520-530 29/06 JulPig Iron basic steelmaking;fob Ponta da Madeira 525-530 29/06 JulUS Imports $/tonne cfr Gulf of MexicoPig Iron 545-550 02/06 JunCIS Exports $/tonne fob main Black/Baltic sea portPig Iron 540-550 02/06 JunChina Domestic yuan/tonne, delivered warehousePig Iron 3740-3760 08/07 Jul

China Iron orecfr main China port $ per dry metric tonneProduct Price Date MonthIron ore fines (63.5% fe) 175-176 01/07 JulIron ore pellets (65-66% fe) 183-192 08/07 Jul

MB Indices Jul 8 $/tonneIron ore index (62%) 169.84Ferrous Scrap CFR Turkey HMS 1&2 (80:20) 464.79Ferrous Scrap FOB Rotterdam HMS 1&2 (80:20) 440.30Ferrous Scrap CFR India Shredded 485.83

UK non-ferrous scrapThe following UK prices were assessed on Jul 6)Aluminium £/tonne Actual Price MB LME DiscountsGroup 1 Pure 99% min (baled) 1360-1420 133-193Group 1 Litho (baled) 1360-1420 133-193Commercial pure cuttings 1200-1280 273-353Clean HE9 extrusions 1350-1410 143-203Mixed alloy/Old Rolled cuttings 920-970 470-520Baled Old Rolled 950-1000 440-490Commercial cast 1000-1080 360-440Cast wheels 1350-1380 60-90Commercial turnings 750-830 610-690Group 7 turnings 630-660 780-810LME primary avge: 1553.15LME alloy avge 1440.71Titanium $/lb cifTurnings, unprocessed type 90/6/4 (0.5% Sn max) 2.70-2.85Turnings, unprocessed 90/6/4 (over 0.5%, max 2% Sn) 2.60-2.75

Non-ferrous foundry ingotsAluminium UK effective July 6) £/tonneMB free marketLM24 Pressure diecasting ingot 1,600-1,680LM6/LM25 Gravity diecasting ingot 1,900-1,960NB: prices expressed delivered consumer works, LM series as specified in BS1490Aluminium Europe effective July 8) $/tonneMB free marketDuty unpaid in warehouse alloy premium 70-80Duty paid delivered works pressure €/tonnediecasting ingot price (DIN226/A380) 1,800-1,870Aluminium US effective July 7 $/lb delivered MidwestA380.1 alloy 1.18-1.20AFFIMET prices effective July 1 €/tonneAS 12 3,120AS 12 UN 3,130AS 9 U3 2,460AS 5 U3 2,810Reflects generally larger traded lotsVDM effective July 6) €/1000 kg deliveredDIN 226 2,270DIN 231 2,350DIN 311 2,330Aluminium Bronze UK effective July 5) £/tonneAB1 ex-works 5,990AB2 ex-works 6,100Source: C.F. Booth LtdBrass UK effective July 5) £/tonneSCB3 ex-works 3,940High Tensile HTB1 ex-works 4,540Source: C.F. Booth LtdGunmetal UK effective July 5) £/tonneLG2 85/5/5/5 ex-works 5,310LG4 87/7/3/3 ex-works 5,860G1.11.5 Pb ex-works 6,960Source: C.F. Booth LtdPhosphor Bronze UK effective July 5) £/tonnePB1 ex-works 7,420Source: C.F. Booth LtdPhosphor Copper UK effective July 5) £/tonne10% P ex-works 7,40015% P ex-works 7,500Source: C.F. Booth LtdZinc Alloys UK £/tonneBrock Metal Co June Contract Alloy Price (delivered UK, min 25 tonne lots)Brock Metal ZL3 2,007Brock Metal ZL5 2,053


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

metal bulletin june averages - valuation...

Documents