Key data from the pricing session in the Shanghai on Friday September 18.Key drivers China's bismuth market weakens amid low buying interest; more participants have withdrawn from the market and are choosing to wait and see how prices will perform, while only demand from downstream industries remains stable. Producers continue to hold...Read More
Seaborne prices for both low- and high-grade manganese ore in China edged down in the week to Friday September 18 due to weakening sentiment caused by falling portside ore and futures alloy prices. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.29 per dry metric tonne unit (dmtu) on September 18, down by 3 cents, or 0.7%, from $4.32 per dmtu a week ago. The corresponding ma...Read More
Portside prices for both low and high grades of manganese ore in China ticked downward in the week ended Friday September 18 after some ore traders lowered their offer prices to attract sales when the number of inquiries from domestic alloy smelters failed to meet expectations, market sources have told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China...Read More
Fastmarkets proposes to discontinue the publication of its trade logs for two Chinese fob vanadium price assessments. The proposal has been put forward based on the fact that the spot liquidity in China's vanadium export market has reduced after exporters have turned away from the overseas market due to higher domestic prices. The publication of the following two trade logs will cease from October...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in China.Note: European vanadium assessments are now published in a separate trade log. To view the latest price assessments, follow the links below: - Ferro-vanadium 78% V min, fob China, $/kg V - Vanadium pentoxide 98% V2O5 min, fob China, $/lb V2O5 Thursday September 17 Ferro-vanadium -...Read More
Base metals prices on the London Metal Exchange have rebounded this morning, Tuesday September 22, after weakness in equities on Monday dragged them lower.At the time of our Morning View report on Monday, the LME metals were up by an average of 0.2%, but they ended the day down by an average of 1.6% after concerns escalated about second waves of Covid-19 spreading across Europe.But an across-the-b...Read More
CDW Corp (CDW), a NASDAQ 100 stock moved below $108.27 setting an intermediate downtrend.Pre-opening Comments for Tuesday September 22ndU.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Amazon added $59.53 to $3,020.00 after Bernstein upgraded the stock from Market Perform to Outperform. Target was raised to $3,400.00AutoZone advanced $5...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the most part little changed to firmer this morning, Monday September 21, with only December nickel in Shanghai showing a loss.But with Asian-Pacific equities and pre-market major western equity index futures weaker, the metals may face headwinds today.Dollar, US treasuries and gold all consolidating, waiti...Read More
American International Group (AIG), an S&P 100 stock moved below $27.67 setting an intermediate downtrend. Exelon (EXC), an S&P 100 stock moved below $34.15 setting an intermediate downtrend.Europe iShares (IEV) moved below $42.30 completing a double top pattern.Italy iShares (EWI) moved below $24.56 completing a double top patternAustralia iShares (EWA) moved below $19.69 completing a sho...Read More
The London Metal Exchange three-month copper price hit a new 2020 high on Friday September 18, providing a welcome boost for the base metals complex.All LME three-month base metals prices, with the exception of nickel, saw gains on Friday, with copper reaching a new high of $6,875 per tonne before eventually closing at $6,861 per tonne after trading a little more than 15,720 lots.Th...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Fastmarkets' copper concentrate treatment and refining charge (TC/RC) index rose to its highest level in one and a half months on Friday September 18 after miners sold additional tonnes at slightly higher levels this week. The spot market was active with Chinese smelter purchases still mostly settled at a narrow range of the high $40s / 4 cents to the low $50s / 5 cents. An increasing amount of De...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 ended Friday September 18.China Domestic prices stayed firm amid positive sentiment, with market stability consolidated by continuing tightness in materials and a recent increase in raw material costs. The supply of silica ore in Qinghai province was affected when ore producers suspended their...Read More
The European charge and high-carbon ferro-chrome benchmark for the fourth quarter 2020 is $1.14 per lb, unchanged for the third consecutive quarter.The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa.The benchmark is a forward-looking price for the coming quarter. It is settled via negotiations between...Read More