Sentiment in the Northern European hot-rolled coil market has remained positive despite slow trading activity, sources told Fastmarkets on Monday August 10.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?414.17 ($488.03) per tonne on Monday, up by ?,?0.71 per tonne from ?,?413.46 per tonne on August 7.Monday's...Read More
Brazilian ferrous scrap exports totaled 76,460 tonnes in July 2020, increasing by 1.8% from 75,080 tonnes in the corresponding month of 2019, with suppliers still resorting to the external market amid domestic demand weakness, data from the country's economy ministry showed last week.Exports grew on an annual basis of comparison in July, but fell month on month by 0.4% from 76,741 tonnes in June....Read More
Fastmarkets is proud to launch its first monthly Ferrous Analytics report, which will help subscribers keep track of hot metal costs and steel production spreads in China, as well as key pricing components of the steelmaking raw materials supply chain in Asia.Readers will find raw material-finished steel spreads, iron ore differentials and scrap differentials all calculated and condensed...Read More
Domestic prices for steel hot-rolled coil in China decreased slightly on Monday August 10 on weaker futures, but market sentiment remained optimistic on supportive economic data.DomesticFastmarkets assessed the price for steel HRC, domestic, ex-whs Eastern China (Shanghai), at 4,050-4,060 yuan ($581-583) per tonne on August 10, narrowing downward by 10 yuan per tonne from last Friday.The lower HRC...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed the price...Read More
The price of tantalum concentrate softened again last week with Chinese buying appetite continuing to slow down.Fastmarkets assessed the price for tantalite, basis 25% min Ta2O5, cif China, at $61-63 per lb on Friday August 7, down by 3.9% from the previous week's assessment at $64-65 per lb."Consumers are not placing any new orders and have stopped buying material for now, but the supply is there...Read More
The cobalt standard grade, in-whs Rotterdam, trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed the price of cobalt standard grade, in-whs Rotterdam, at $14.65-15.20 per lb on Friday August 7, 20...Read More
Key data from the pricing session in Shanghai on Friday August 7. Key drivers Deals continue to be concluded at higher levels week on week but trading volume per deal reduced because sellers were holding back from selling large quantities amid...Read More
Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More
The dip in base metals prices at the end of last week was a one-day wonder for copper and aluminium after prices for both metals rebounded yesterday, while consolidation has set in again this morning, Tuesday August 11, and the other metals continue to consolidate too.* Asian-Pacific equities and pre-market western equity index futures were upbeat this morning.* But gold prices are down by 0.9% at...Read More
U.S. Telecom iShares (IYZ) moved above $29.58 extending an intermediate uptrend.Auto ETF (CARZ) moved above $36.03 extending an intermediate uptrend.Emerson (EMR) an S&P 100 stock moved above $69.40 extending an intermediate uptrend.Union Pacific (UNP), an S&P 100 stock moved above $187.83 to an all-time high extending an intermediate uptrend.Manulife Financial (MFC), a TSX 60 stock moved...Read More
Here are five Fastmarkets stories you might have missed on Friday August 7 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday August 7 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday August 7 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday August 7 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday August 7 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday August 7 that are worth another look....Read More
Markets are looking mixed this morning on Monday August 10, while traders weigh up the cross winds blowing through the markets, Fastmarkets learned.United States President Donald Trump’s intervention to step in to extend unemployment benefit after Congress failed to come up with a rescue package has provided some support, but his executive orders focused on Chinese tech companies only go furt...Read More
Morning Technical Notes for August 10thDow Jones Industrial Average (DJIA) moved above 27,580.21 extending an intermediate uptrend.Dow Jones Industrial Average ETF (DIA) moved above $275.37 extending an intermediate uptrend. Nike (NKE), a Dow Jones Industrial Average stock moved above $104.69 and 105.07 to an all-time high extending an intermediate uptrend. Midcap 400 SPDRs (MDY) moved above $354....Read More