China's domestic rebar prices dipped on Tuesday October 13 due to a drop in demand amid a weakening of the futures market.DomesticEastern China (Shanghai): 3,710-3,740 yuan ($551-555) per tonne, down by 10 yuan per tonneBuyers cut their procurement rates during the day, having done some replenishment over last Friday and Monday.A trader said his customers were planning to wait out the spot market...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Tuesday October 13, while those on the Shanghai Futures Exchange were either unchanged or firmer, as were equities. Equities seem to be maneuvering for a United States democratic presidency and all the extra stimulus that might bring. But LME metals are not following equities this morning. Base metalsTh...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Stainless steel sheet prices in the United States have again risen in line with higher surcharges, while demand levels increased and lead times extended, Fastmarkets understands.Fastmarkets' price assessments for stainless steel 304 cold-rolled sheet, fob mill US and for stainless steel 304L cold-rolled sheet, fob mill US rose to $127 per hundredweight and $129 per cwt respectively on Monday...Read More
Customs officials in southern China have impounded just under 10,000 tonnes of copper 'concentrates' after it turned out to be smelting waste, which is prohibited from entering the country.Customs inspectors at Fangchenggang, in Guangxi province in southern China, said the cargo was reported by a Shanghai-based company as copper concentrates - a feedstock used by copper smelters for making refined...Read More
Exelon (EXC), an S&P 100 stock moved above $41.54 resuming an intermediate uptrend.Pre-opening Comments for Wednesday October 14thU.S. equity index futures were mixed this morning. S&P 500 futures unchanged in pre-opening trade.Index futures were virtually unchanged following release of the September U.S. Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain...Read More
Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More
The three-month prices for zinc and lead on the London Metal Exchange were the standout performers at the close of trading on Monday October 12, with the prices of both metals climbing by just over 1% at settlement.Meanwhile, selling pressure for LME copper saw its underlying price edge lower, while forward spreads swung back into contango.Zinc's outright price on the LME closed at $2,440 per tonn...Read More
The wait time for aluminium to be delivered from Istim's London Metal Exchange-registered warehouses in Port Klang, Malaysia was still over two months at the end of September, according to the latest LME queue report, and market participants believe it has grown even longer since the start of October. The queue was 61 days for aluminium on the last day of September, according to data released on M...Read More
Lingering weakness in market sentiment continued to put downward pressure on seaborne low- and high-grade manganese ore prices in China in the week to Friday October 9.Chinese participants began to return to the market on Friday after the Golden Week national holiday on October 1-8. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.10 per dry metric tonne unit (dmtu) on F...Read More
Finland is building up Europe's next stage of battery metal evolution with Terrafame's new battery chemical plant, and trading house Trafigura is squarely in the mix. With Terrafame, Finland's government has resurrected the assets of formerly defunct Talvivaara Mining, and is shaping up to bring about the world's largest nickel sulfate plant early next year. Having initially invested in Terrafame...Read More
The latest data for the global manganese ore market for the week ended October 12, 2020.Read More
Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More
Finland is building up Europe's next stage of battery metal evolution with Terrafame's new battery chemical plant, and trading house Trafigura is squarely in the mix. With Terrafame, Finland's government has resurrected the assets of formerly defunct Talvivaara Mining, and is shaping up to bring about the world's largest nickel sulfate plant early next year. Having initially invested in Terrafame...Read More
The ferrous scrap market in the United States is facing a downward correction in November, with unsold material from the October trade and supply exceeding demand expected to pressure prices lower in a short shipping month, sources said.Only an onslaught of export deals or an early onset of winter weather limiting flows would be able to mitigate the downside, according to sources.Scrap dealer...Read More
Turkish steelmakers went through the first working day of the week with no deep-bookings, after the downturn in the prices in last week's deals, sources said on Monday October 12.The steel producers in the country booked three deep-sea cargoes late last week after achieving lower prices.The most recent purchases pitched the price for HMS 1&2 (80:20) grade at $283 per tonne cfr for US material on O...Read More
Domestic ship scrap prices in Turkey have gone down over the past week in line with weakening imported scrap values, but local auto bundle scrap prices were mostly stable, sources said on Monday October 12.In response to the downturn in the costs of imported scrap, the steel producers in the Izmir region - namely ID??, Habas, ?-zkan and Ege ??elik - reduced their buy prices for ship scrap by $5 pe...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday October 12, but sentiment has turned more bullish, especially in aluminium, since China returned from its Golden Week holiday. Expectations for extra stimulus in the United States have kept equities buoyant. China's markets underpinned by steady recovery and by the fact it appears to have...Read More
Finland is building up Europe's next stage of battery metal evolution with Terrafame's new battery chemical plant, and trading house Trafigura is squarely in the mix. With Terrafame, Finland's government has resurrected the assets of formerly defunct Talvivaara Mining, and is shaping up to bring about the world's largest nickel sulfate plant early next year. Having initially invested in Terrafame...Read More