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.Fastmarkets...Read More
Key data from the Friday September 25 pricing session in London.Key driversCobalt hydroxide market steady; distributors anticipating some restocking ahead of or shortly after China's upcoming Golden Week holiday (October 1-8), and are therefore declining to...Read More
China's imports of cobalt metal hit a historical high in August after importers in the country looked to take advantage of noticeable arbitrage opportunities.A total of 1,130 tonnes of cobalt was delivered to China in August, an increase of 245% from the prior month and 421% higher than the same month of last year, according to Chinese customs data. August's volume is the highest ever in a month.T...Read More
Portside prices for both low- and high-grade manganese ore in China continued to fall in the week to Friday September 25, after ore traders cut their offer prices further in response to disappointing pre-holiday restocking activity among alloy smelters, market sources told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 34.20 yuan ($5.01) per d...Read More
China's domestic ferrous scrap prices dropped at more rapid pace over the past week than the preceding week on a weakening finished steel market, though demand for the steelmaking raw material was stable.Fastmarkets' weekly price assessment for steel scrap heavy scrap domestic, delivered mill China was at 2,590-2,740 yuan ($379-401) per tonne last Friday September 25, down by 80-100 yuan per tonne...Read More
Base metals prices on the London Metal Exchange were mixed but little changed this morning, Tuesday September 29, while prices on the Shanghai Futures Exchange were firmer as they caught up with Monday’s performance on the LME.* Last week’s pullbacks have run into dip-buying – hopes for further stimulus are buoying markets.* US Congress making progress in talks regarding support mea...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade. McCormick slipped $4.18 to $191.00 despiter reporting higher than consensus fiscal third quarter revenues and earnings. The company also announced a 2 for 1 stock split.Walmart added $0.28 to $137.53 after announcing plans to invest up to $25 billion in the India based Tata Group. E...Read More
* Premium for cash over 3-month copper reverses to adiscount * Eyes on surveys of China's manufacturing sector (Updates prices, adds dollar impact) By Pratima Desai LONDON, Sept 28 (Reuters) - Copper prices firmed on Mondayas expectations of robust demand from top consumer Chinasupported sentiment, but doubts about longer-term prospects anda jump in London Metal Exchange stocks capped gains. Bench...Read More
Here are five Fastmarkets stories you might have missed on Friday September 25 that are worth another look.Prices for flat-rolled steel imported into South America took a downturn in the week to September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.Brazilian trade chamber Camex confirmed this...Read More
Here are five Fastmarkets stories you might have missed on Friday September 25 that are worth another look.Prices for flat-rolled steel imported into South America took a downturn in the week to September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.Brazilian trade chamber Camex confirmed this...Read More
Here are five Fastmarkets stories you might have missed on Friday September 25 that are worth another look.Prices for flat-rolled steel imported into South America took a downturn in the week to September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.Brazilian trade chamber Camex confirmed this...Read More
Here are five Fastmarkets stories you might have missed on Friday September 25 that are worth another look.Prices for flat-rolled steel imported into South America took a downturn in the week to September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.Brazilian trade chamber Camex confirmed this...Read More
Solar ETF (TAN) moved above $57.95 to an all-time high.TCOM (TCOM), a NASDAQ 100 stock moved above $31.01 extending an intermediate uptrend.Seattle Genetics (SGEN), a NASDAQ 100 stock moved above $187.99 to an all-time high extending an intermediate uptrend.Base metal stocks are under technical pressure. Lundin Mining (LUN) moved below Cdn$7.40 completing a double top pattern. Pre-opening Com...Read More
London Metal Exchange three-month prices for all base metals remained under pressure on Friday September 25, with aluminium the only exception to the general downward trend.The LME three-month aluminium price rose 0.66%, and closed at $1,759.50 per tonne after seeing a turnover of 12,776 lots on Friday.Total LME aluminium stocks stand at 1,477,175 tonnes after registering an outflow of 5,050 tonne...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Serbia's RTB Bor copper smelter, owned by Chinese miner Zijin, has been suspended for a reconstruction project due to excessive sulfur dioxide emissions, according to local media reports. The suspension came after the Bor city government filed a criminal charge against the Chinese state-owned miner after registering SO2 levels that exceeded limits on three days in a row last week, Serbian Monitor...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday September 25.China Tight spot availability continued to consolidate the domestic market with prices remaining firm amid positive sentimentSome mills raised their October tender prices for 72% ferro-silicon, while the market was waiting for tender prices from major steel mills ...Read More
Fastmarkets copper concentrate treatment charges/refining charges (TC/RC) index is largely unchanged from a week ago when it rebounded to a month-and-a-half high.Market sources still believe smelter purchases are in the high $40s per tonne/4 cents per lb to the low $50s per tonne/5 cents per lb, with less tendered tonnages available this week.The spot market is less vibrant with Japanese holidays....Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday September 25.China The seaborne price for low-grade manganese ore declined amid deteriorating market sentiment and falling alloy futures and portside ore prices. Deals concluded at the start of the week stopped the high-grade market falling despite weakening sentiment weighing on buying appetite. Po...Read More