India: Lead up on increased industrial buying

Barring a rise in lead prices due to increased buying interest from consuming industries, other base metal ruled flat on the non-ferrous metal market here on Monday in view of sporadic demand.

Marketmen said increased industrial offtake on the back of higher London Metal Exchange (LME) advices mainly pushed up lead prices. At LME, lead prices gained $140 at $3,710 a tonne on Friday. Lead ingot and imported gained further on renewed buying su pport and finished higher at Rs.138 and Rs.162-172 compared to last levels of Rs.135 and Rs.160-170 a kilo.

Following were today's quotations per kilo: Tin ingot 810, zinc slab 175.00 zinc dross 135, nickel plate (4x4) 1465-1615, (9x9) 1490-1610, (4x24) 1490-1620, cadmium plate 420, Rod 410, antimony (china) 310, gun metal scrap 260, bell metal scrap 260, cop per wire scrap 355, copper super d rod 375, copper wire bar 374, copper mixed scrap 335, C C rod 340, Utensil scrap 315, Mixed scrap 310, Chadripital 255, brass sheet cutting 240, bullet scrap 255, bharat scrap 235, accessories scrap 230, brass boring 23 0-250, brass radiator scrap 220 and huny scrap 250. Lead ingot 135, Lead imported 160-170, Aluminium ingots 135, sheet cutting 130, aluminium wire scrap 125 and Aluminium utensils scrap 122.

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Silicon metal market summary

Generally speaking, silicon metal market remains stable during this week, with LYU8GXT0SC6VG8YBW4CU3X6Z1GU8N00NDAN3U46QNPJXNL05IZ63K72UT4WUHGMAJO953D1FX08G88XQJA9S59SS0S70GI8EI61Q1259C720517K2W2CC62XE3T9S5FE2TPX411FI8VOUU72ISUU21ZSN5A68D93MZJP5X11W7W08W2378W0J7G3I68NY3HXDPUY7WV0 prices stabilizing at RMB10,600-10,800/t (USD1，421-1,448/t) and RMB11,500-11,800/t (USD1,542-1,582/t) for 5-5-3 and 4-4-1 respectively.FYSB9PL155FSY9CILE80LAOV65UT8GMW1U2O73W91D8RAC882D33W795E5YF66U1X4UD85J1S0OFO3U30Z078D567924ZI3JV0P06618L5P689AYDABQO4O561B614JW0A9L3UKK5Y1E02896L7E291I1G504K0WZMZQ2F4A4K604IONZ4G6H8T33P9YC37Q7T08MFPZ

Despite that silicon metal smelters continue insist on high 60IHF1VSD23OC9HM1955273M0UN5993Q8441MX012B724GKQ7W79V8P6T3M569C2A3WT3XNS5YI2NKVJP33G03H06B7CCV2RN9SIAKL41B4V4P898QM6GKNU01T259095OFD7PC737GENC5OU0L463Q1F9OII47M4IRKXVSUMED5013NQT4854V436N556R43PI4P3O8 prices, with an exP19EF6044Q772L63S58DFY8MI7P2TUM1OSN179W18W4235INCZKEY9Q3FDU61972L6C87278H9F00GE0O9D9H2S2E5FHDV2WM102MA0PXFJFM9L3HOIRL9GM52ENB83J9MNWE38TBW1A9VJ6O1EQ6NM144851D1XCYV7BQP5X187QD2AQA9CH0SQIKPP5A07172IK9KF cuse that hydro-electricity supply is tight and the government is carrying out the strict policy -the Notice of Preferential Policy on Electricity by Development and Reform Commission, buyers are reluctant to purchase as most consumers are fully covered for the time being.0T579V1T79089IJ95C07Q0J3409J55B2SC27S86M8WUH106Y4C65INPY78A3U05XWI684LS5I114KXMWXC85CU5BPD8FCV86R6TJIX6HPC4491291H90F059I2QBV22RK29M75688Y8SY1G54Y3I8O6WEKRFFJW33NN4U4BQ3X63SC6U0I0OK5IA3UGX46BUQQ6M8CAU

The M819G4523626CH5129T1MUC9Y27D7GX9K8NI4LVR9V6XQE17ZVZEHRGC3QOTV3W09H6M87XC109MI95XKKD039HLM238G37YJ5W666ZW3PHRNVBZWX4DXA4FS3HR2698XV2E1JJ26SYS4BYFN5B62YDR207M04597KFF412KLS18G94U7637QCKDIW859Y95249091ZQ price difference between 5-5-3 and 4-4-1 expands because the supply of 4-4-1 is tighter than 5-5-3, as the 7Z631R6Z7VA3939ON418J6ULV7MT1FE00GMCEXG2RHAFOZNT47DT6U593OEO194J51Q6X52P7XKMZ54Q675P8KVUD5IWB82L5V335T8J394L421M4R66078CPE2ZC0VP2P94482T7P32D47NZWS2QEU19NFDOT40U75BTBVBC1K33240P5Y57U9FI8LP6GIDN44O7QSM price of 4-4-1 is around RMB1,000/t (USD134/t) higher than 5-5-3 while the usual 57L0F9JOAH8M9T12Q33556P96G6JY4SL655214AR3A9W7X28Q639DPFK8WG6I32DOA44LJ6ZKZ06VBF1MV3KCCW197X6F37S4JN7F03754IHM4LNKZOD74UN2HW4776LNX94SO5F05080JDETKH4G7GRYQJI2S2ND808H34QA7L6P05H6J7MXL593B7O05P2LJ0ECMDH price difference is RMB400-500/t (USD54-67/t).G801Y1G4FDV57KSK8PNL5XA8K5SZA4I335G54I00O31Q1V9099TDSQ9877QE171E51O0LEC09ARLB4LP1JGD5F1K2MV2YI3DWX20F0NTR4Q2V634SBFRJV8821PJ75CMSC6SA06497HHR5A882992U3IV7F866SL29820L529JW8VKR0YGSJO2XDKV89DYL38Q1A657P

However, high-grade silicon metal market becomes a little active late this week, because smelters receive more enquiries, and some deals are concluded at around RMB12,100/t (USD1,622/t) and RMB12,500/t (USD1,676/t) for 3-3-0-3 and 2-2-0-2 respectively, increased by RMB100/t (USD13/t) compared with that of ten days ago.BQW89JZ0KPRQ8800ZN7DSW83GA9PUT8SZWH74V8M1012H76B19ZIELOG2AS3H0994B3VZ0M451268A1D940XWXD8CRJZB884SM4K8GB1V94088Q57J11A4U2W2EU329HA36TITW8F7YV54456851838WW930L6N96930Q7E89XXD0E7HA0O2RYL8K0D9NF6L85T6A414

Mainstream export TWZ41F42L4QFUVORX8V24NHL5U4AJ40OIA40X942BMIE6SPW0O55565287VM60U4EWKP4D0MB8NS4QDY61T9QNK5QC8QA82F660300226U40KXNBZT878EDJD18760OFV666BBN7C4447784E7YBP9Y1P089T0B60EJ6P2Y2R160SI55P2K20E10ICI6R8986JO69980 prices of 5-5-3 and 4-4-1 are USD1,500-1,520/t FOM CMP and USD1,580-1,600/t FOB CMP, unchanged compared with that of the previous week. Traders told Asian Metal that foreign buyers have no intention of buying as they purchased enough materials in August when silicon metal OR7D2L1V68L3U2V30709R409L26QDR599IN2942RS2HVVQH9H5ST04ES4096W3O21723993WRZ1921W4NFO78E494H44E37M4F2TSJ8Q82JX4D709ATE5UCV7G4DH7LBDY6737U2JLD9QRH1Y2OGFP4R6EB149WC4FX4DN59Q6739C6URDGFD86SI365BFFYP2D2HV38 price was increasing sharply. "Although we receive some inquiries from overseas buyers, they just test the market because they heard that silicon metal 34PVG6WK832LVPDA1726848437VG9Y12NRNKXYA13924Z50AM5YY4H81930V0TI9C600OV722BUD1T5ZI3351W4IG40EHV3U3U313630982TOIB1AI6P1K0GKJZ5Y53W4F7T650SQLU54Q67S7EKU282RHF22ZQ57GLH6UC5O27SFVS07Y11G5FK3NYN4MM0OD786R7S price in China is increasing," said most traders.37K2Y60S87LJQ83NFBEVP7N8DORG261VQ324D3H0Y5LPF501581955812YI16TN2CXIA98892A7R5P0X1U44JH6DT0K9X33X979CTJ969HR8UG702DKR12117B10G680ID29Q2VKHRJLG8FV1D27F54HOI8R9ZJBQI699675P31PF4U5XA1CVQ09407ZE5CAA5HD8W92

Silicon metal market in South Korea keeps strong at around USD1,610-1,630/t CIF Pusan for 4-4-1 and USD1,680-1,700/t for 3-3-0-3, same as that of the previous week.152XY87201H4R2Q1JZKM7T3300889971262Q18BMP342347F783103NO8G4HV1HAA817OR2IVC4831U408F26ZS5519TA881T314364B0U57WMZCHK318WC53ES5X3T96430990XOQ0Z176M8Q89VF9V54AV69D4ZJ2S49HD591X428UZ8A0XI5QKGB9O8I19K8SF73A

And sources reported to Asian Metal that silicon metal market keeps stable in India during this week, with QPDF2Y90ILBD6R4442S37J5922OW38KKE05E6KLRC4OUX3J0YK058KDA9G66J49GS4ZH5PD79Y21UI57OQTC6H9RY8A1DI7G40W7GSF50DK54UD65CX1313D229888E67A3Z9A9GS3F02ZM0ECV0145RJ779S2MSU67CZT61FRZEIDUHQ8SY32U53555C8867D2KM14N price of 5-5-3 at USD1,625/t CIF Mumbai, but the local buyers are not ready to increase stockpiles, waiting for the further trend.JR739DVYN201M3ZP6N8F669795654XA2XCGKWHM037TOI2122SMT44W481Z01U826QC95K5UMZ8XA7TE2E6V1KG82597W33R96P1HSJN117M79CP8EOR96L4H0787757YF922L04654581KU394P1K6H2W5M12ZQ97NN788UE3LJ5OX0X76VBA1SK2691E761K32020W

European market of silicon metal keeps soaring to around EUR1,800-1,850/t d.d.p for 5-5-3 and EUR1,840-1,880/t d.d.p for 4-4-1 respectively in the week, up by EUR30/t compared with that of the previous week. Participants predict that LK99216RNXX26B7CO19ZY3J40T7M11ZT7K536YF172N4030DDK373F745O7T5U6B6K8A04N1NBXJP8FGK7NXYY0079OYGV2O36AE99UY2RG35Z3S5J8Q08JOY35IM5040H4BH7G792860X8SYQKF7B0138W042G1D62X59FTDFAM5XVO7SP9NXI2ITW5M1DTS089809I price of silicon metal may reach EUR1,900/t d.d.p by next year if tight supply continues.

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Magnesia price holds firm in overseas market

With the approach of the first round of tender in 2008, Chinese magnesia suppliers put forward their last batch of export license at a high RHFR2QU3KZDY5TA49KXB40M8Q81C8OK09XOK7I1I52HOP8L65BR4072615F1Y8TX81UA4LKN4846X9869NLXYXB75M3VM2GPVIDVQHUDMV7M72M65ZL6NXD410W3U00LARWB6AQMT54H50O84SYXAY7ZG49005467J2YRY176F8336JP99F9Q3EP99804V7517L793N2 price RMB900-1,000/t (USD120-133/t) against the basic 94TCGX8Z8C96KVJWFY3T3YEHN4W7G462O351L8O8H7QXNQ8SZYV0485MDLVY2531NZ7FLF791SXRN573E784L3P028K8I7R0066N5J6651W2R6O1BT6E66M3BX866492ILMH9NOAV3882431W0POJD44XW4Q4V3US7NU9XRK2RD74948WX8770TS90KBCDD03702VUGC price RMB330/t (USD44/t) at first.34M60IX9925EO9Y5T2KO3ML6OEG4RIDN31HR229Q331JW0D7E4S8TWAS4F9R11JW2ODTW6CQ78916E4UP6D26Y723SUQH2UG2BF11XNGIY98DTB9FZX1JY9L6X05F8S85770IG463W6659353S3Q0D7Q410TF239O0D768119807F93VFCQ0BTLAAN03OOZXKDMMIBY9
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetalEG23A56NE7326I21XDQGN4214QL0L6SXZL3W27T1011909V7J4XAER6D0MZ8J5DRE495KNM0K9O34713KTX0YP7QF8I3KUJN06JMU1B6NMV6193BGH8OAOWXHB6A8P66X0W0QZ7D6W21L8S21G9V67EEM2FXY11LX1RN1DT7Y400474C39NADL9707I39W2A30BC6XJ7
Running fully on its production capacity of 20,00tpm of magnesia, a Haicheng-based smelter just concluded a deal of 1,000t of high-calcium fused magnesia 97%min at USD450/t FOB with a foreign 8M49G40TE538537U8MSJHCRH7KXM0HVT25NFSV38X5JY4X7P3C4G5XQE521Z75ZC9GZ286A08SU40JD0D36C6FBJTI80JUR3ZUZ400GSHHVQS015MR5E8HE0O9IY13EPSJ7AI230MNUTQ1126EITK32413UV256F3I61DRO16R8AC923WDJ056Q9YUN0055JFWWEQLC4 customer at the closing of last week, up from USD430/t FOB in late September. The shipment will be completed by the end of December.K3879VR2P8194K5P160Y4IY63EE785Z96X26YFEQU6MIZ7F8VJ0Q6U9A0K567GS9VIX64HW5A80KD3BBQ03P4A3ZW23KGHUAHWWERH91P804C4KO7BC1E31T18QIS9M4F8M3Y4RRR76T1GMO555409WQDQ7OLN95XM9J4B3K58I5OB53F818HD58A79KP16550P6N3D6
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal2EQL00KU8H9C4U822PH66I7116336V53F2I89S91434916X9AI28B5PL56RUW54772SLZ1F9Q9R6YWU5LE1KSS336481JUIHDLA5354OTIW2166PUIAPV9EFV027JR33N1O32EY1Y7J2A18F3C266OIE1T9SEM7A2N5E0IWAN4J87V5PHSZTK81NAYGJZ4WSMX128GOK
"The market 7F5TH15P0O77L1R5JWOLO9983W03A72O165343JIY5PN65N71Y0G8QF9SSX1L819L9O9901JSU58JBMX0X6279QMB0YPL2FJW178E62A7670798E0AP632477ALC31V06SOIG284DJ54D3T865FSZ79Z9APV2V12B7BON12A2E10R7MCX7RSWRI4YF7A44KEH65W1QRX price of export license rose by about RMB200/t (USD27/t) in the past three weeks," revealed the source.LHE893442KTVGWES5173N146C1D9CT84WRH5RF3REVUH04H9MFL4469IO6H52H0Z4BRQ98542V1QP4S3R4N9F18SJT8FFHUUI752F6I0V60B0B7C3C219SMBS8E0202CV9EP5686APUWTNQN7K8HATAPV1K3Q76E28VA3H4R1W529D68E65OO46P0984PUGGSX7SS6HF
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetalH09N0O20LW59H2M3R0997E2DYQ35W03V4Z3T6711VOT9FKA0SFQ694OTD8JTK68UJ9M35T9899T84Z48NO3T47911XL9I7IBE2658XX4Z1X9DHA13KEP6I4N39T49TCY11GQW41EHP4K640E5944P3MD8355J74659J785AHCK65DW7CGMLMR1G30ED3ZC4367HI05S0
A trader from Dalian will use up its export license bought from other suppliers at RMB750/t (USD100/t) in early September. The source made a contract of 500t of high-calcium fused magnesia 98%min at USD530/t FOB with a Southeast Asian consumer last week, with RMB1,000/t (USD133/t) for export license included. "The main reason is the high 50J43JI1G06XM59FMUUC797IGJG9UA7YTZ5NL8175GO1V4GW3X2L3K8JG0AG6GW74V365Y5UJ8DC15FL8AKAARQXWEM3PUURST928X7L8EPY8DCF0IN009K2JDZ5Y86899Q3O919KJFY931L3CVWPKK5Z17ZZU96K8P304VQ1S139453955QZJW1Y4AZ87632NDML5C6 price of export license," remarked the source. 5F5YZ8GSX9JQC3VUY5J65086VF0239RXD42NJ2PR5ACGE2J0D07F3P9QDVZ57IK0A74OON335U2W0P36787H92448GLZE2TOJ522S97XBN0S0716YE41717JFV77U19S4ZWWEXBR348A3VV49G1C95EP570E8CGTOIR6EM597WW0H173EK0HU8V4AE7L64X9W7V8XA48
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal30IP0C9314FT1S14B453U0SD66280GG277HS37J1FUA83DCDJ00L8KO0RCBSY6E897GHC377EXW091CDOZN0G84WR497H7IVF13P3G33FA9ND9K79LIQ47TV8YHF4VVO72YXMQJ1645OG7217U7G5FQDP8GIPBA2XJF477D56KX3598PG292XOJC03BKA7DBVRK42X86
"We are waiting for the next round of tender which will be held in mid-December," said the source.D8120I7839081C3D2K809ANRODLL8NUQ3BI8KGD58N9NMB7FO0G62214G31800968P0A6F1DU94G7RURK038O5M2465NLHWDB659A587K5VJF16TYT2B0JSGNBW60NSJC50983Q69LFCD7P75I3K1816693530VQGKTFGA61QYYRT7XW3BUEAGXV0P3JK0317O9B572M
亚洲金属网WN0http://www.asianmetal.cnUFhttp://www.asianmetal.com323QAsianmetal3Y67A5UOTAVOZETO49G789EDLRFCH40TZ526CS515ZI84WEHA9J263N3G3T6L75X5LA2QZM54WZHJGTLPJ7LB9A6D955GUHQ2YA69PSE4W9D1P7HNNM621BC4X89Z951K3611W5EAHQRW030969050U12J9DVJR7270B59G7231D80YCF939EY49AQZ40JU79O5OLF0H
According to the source, the supplier refused to offer dead burned magnesia recently due to the small profits margin before this deal.

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Antimony market summary

Antimony market continues to keep stable in the week. Although some sources reported more inquires came forth from overseas late in the week, still not many deals were seen in the market as demand has not recovered yet. Participants think the antimony market will not change much in the near future.

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China cuts Antimony, Tin export quota for 2008

China has cut the 2008 export quotas for tin, tungsten and antimony, Bloomberg News reports, as the world's fastest growing major economy seeks to reduce its trade surplus and meet local demand for raw materials.

The country will allow exports of 33,300 tonnes of tin next year, the Ministry of Commerce said in a statement on its website today, down from 37,000 tonnes in 2007. The quotas reinforce a series of tax changes which have made exports less attractive recently.

China's actual tin exports in the first nine months of 2007 have amounted to 20,570 tonnes, more than the total shipped in the whole of 2006. However in recent months export volumes have fallen and imports have surged in response to stronger local demand. In September China exported 1,525 tonnes but imported 3,911 tonnes of refined metal, mainly from LME warehouses.

Sam Xu
MSN: xubiao_1996@hotmail.com

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Tin prices rise

Barring a price rise in tin, prices of other metals ruled flat in the non-ferrous metal market on Tuesday. Marketmen said increased industrial demand and report of rise in its prices at the London Metal Exchange (LME) mainly pushed up tin pri ces. In London Metal Exchange, tin gained 350 dollar at 16,800 a metric ton. Tin ingot remained in demand on the back of rising trend at London Metal Exchange and rose by Rs 5 at Rs 805 a kilo.

Following were today's quotations per kilo: Tin ingot 805, zinc slab 175.00 zinc dross 135, nickel plate (4x4) 1450-1600, (9x9) 1475-1595, (4x24) 1475-1605, cadmium plate 420, Rod 410, antimony (china) 310, gun metal scrap 260, bell metal scrap 260, cop per wire scrap 360, copper super d rod 380, copper wire bar 380, copper mixed scrap 340, C.C rod 345, Utensil scrap 315, Mixed scrap 310, Chadripital 255, brass sheet cutting 240, bullet scrap 255, bharat scrap 235, accessories scrap 230, brass boring 23 0-250, brass radiator scrap 220 and huny scrap 250. Lead ingot 125, Lead imported 155-165, Aluminium ingots 135, sheet cutting 130, aluminium wire scrap 125 and Aluminium utensils scrap 122. – Press Trust of India

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Chinese Markets for Phenol

This report about the Chinese phenol markets examines China' s macroeconomic trends, investment environment, phenol industry structure and capacities, production and demand, end-user market consumption trends, distribution channels and industry participants. Long-term forecasts for major phenol production and demand are included. The report contains over 40 tables and charts. Key producers of phenol are profiled. More than 30 Chinese phenol producers are listed in the producer directory section.

Most primary and secondary research was done in China in order to access up-to-date government regulations, market information and industry data. Data are collected from the Chinese government publications, Chinese chemical industry associations, local governments' chemical industry bureaus, and the Internet. Interviews are conducted with Chinese industry experts, and phenol producers in China.

Historical data includes the data for the year of 1996, 2001 and 2006. Long-term development trends are projected to the years 2011 and 2016. Economic models and quantitative methods are applied in this report to project market demand and industry trends. Metric system is used and values are presented in either Yuan (RMB, current price) and/or US dollars. Exchange rate for 2006 is based on the annual average rate. The word "demand" is used interchangeably with "consumption". Totals may not add due to rounding.

Executive Summary

China has experienced over two decades of high economic growth, which has been stimulated by the consecutive increases of industrial output, consumer consumption and capital investment. China' s GDP has been growing at 11% per annum. National industry output has been advancing at 10.3% annually and will continue to sustain a strong growth into the next decade. The fast-growing middle class is creating an enormous consumer society. As the fastest-growing economy in the world, the emerging market has attracted the attention of investors and corporations around the world for the last two decades.

To deepen the reform of state-owned enterprises is a long-term task and needs great efforts. The reform of state-owned economy has witnessed rapid changes in both economic and social aspects. The introduction of foreign advanced technology and capitals will continue to be favored by the Chinese government and business community. New ways will be adopted to utilize foreign investment, including mergers, acquisition, and investment funds and securities investment. China will continue to improve its investment environment in the areas of legal system, intellectual property protection, foreign trade and investment regulation, infrastructure and financial system. China is the second largest foreign investment recipient after the United States in the world today. Given its vast market, the country provides tremendous opportunities for investment and trade both for the present and future.

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