Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Monday September 7, with low turnover across the Asian trading session prompting sideways trading, while an ongoing drawdown in LME copper stocks kept the red metal's underlying price elevated. Copper's three-month price on the LME was recently trading at $6,743.50 per tonne on Monday morning, climbing...Read More
Producers of seaborne manganese ore, both 38% and 44% grades, successfully raised their offer prices on a cif Tianjin basis over the week ended Friday September 4, with support from the rise in value of the Chinese yuan, and from rising port and alloy prices, and despite underlying concerns about ore oversupply.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, was $4.22 per dry metric tonne u...Read More
The latest data for the global manganese ore market for the week ended September 7, 2020.Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
Prices for rebar imports into Singapore were unchanged in the week to Monday September 7 amid limited spot negotiations, market sources told Fastmarkets.Major end users in Singapore did not purchase any materials amid weak demand from downstream construction contractors and high inventory levels. This is unlike the Hong Kong import market, which sources said had bought 52,000 tonnes of Turkish reb...Read More
London Metal Exchange base metals prices were mixed this morning, Monday September 7, as were pre-market major western equity index futures, while metals on the Shanghai Futures Exchange were mainly firmer and Asian-Pacific equities were mixed too. A better-than-expected US employment report on Friday led to a strong close for the base metals at the end of last week, but a weaker tone in equity ma...Read More
US-based electric vehicle maker Tesla has joined cobalt producers Huayou and Glencore as a member of a recently founded organization whose aim is to improve the artisanal mining sector in the Democratic Republic of the Congo (DRC).The Fair Cobalt Alliance (FCA) will help to boost the appeal of cobalt produced in the DRC by developing the working standards in artisanal mining, a part of the industr...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...Read More
The cobalt alloy 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...Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
European steelmakers have pushed official offers for domestic hot-rolled coil upward on a positive trend that has settled in the market, sources told Fastmarkets on Monday September 7.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?467.39 ($553.28) per tonne on Monday, up by ?,?3 per tonne from ?,?464.39 per tonne on September 4.The index was als...Read More
The domestic price of steel rebar in Russia's Central Federal District around Moscow was fairly stable in the week to Monday September 7, supported by good buying, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, remained at 37,000-37,500 roubles ($491-497) per tonne on September 7, including 20% VAT.Key domestic suppliers...Read More
China's domestic rebar prices moved up on Monday September 7 on a gradual strengthening of end-user demand. DomesticEastern China (Shanghai): 3,690-3,720 yuan ($539-544) per tonne, up by 20 yuan per tonneTemperatures have fallen to milder ranges in most parts of China, which lengthen working hours for the construction sector. A trader in eastern China said his customers raised their procurement ra...Read More
Prices for rebar imports into Singapore were unchanged in the week to Monday September 7 amid limited spot negotiations, market sources told Fastmarkets.Major end users in Singapore did not purchase any materials amid weak demand from downstream construction contractors and high inventory levels. This is unlike the Hong Kong import market, which sources said had bought 52,000 tonnes of Turkish reb...Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
Indian authorities have decided to slash export rebates, in a move which market participants expect will raise prices for steel shipped out of the South Asian nation, Fastmarkets understands.An Indian steel trader told Fastmarkets that a final decision on the matter was still under discussion, but he expected that the rebate he received on steel exports would be cut from a current 2.5-3% per trans...Read More
Member mills of the China Iron & Steel Association (Cisa) largely kept their crude steel production rates unchanged in late August from the preceding 10 days, but their finished steel inventories continued to drop, according to data released on Thursday September 3.August 21-31 outputCrude steel: 2.16 million tonnes per day, down by 0.04%Finished steel: 2.19 million tpd, up...Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
Three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday September 7, with trading volumes across the day thin because of the Labor Day national holiday in the United States, while LME nickel futures topped losses over the afternoon.Nickel's outright price on the LME closed at $15,186 per tonne on Monday afternoon, dipping from an intraday h...Read More