Trading activity for seaborne iron ore concentrate and pellets was limited last week due to Chinese holidays on Thursday and Friday.Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao stood at $109.83 per tonne last Friday June 26, down by $2.67 per tonne from $112.50 per tonne a week earlier. Sources said demand for seaborne concentrate was subdued during the week due to the availabil...Read More
Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc's blockchain-based platform. The platform, which was launched in October 2019, aims to improve efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.MineHub said the trade marks the fi...Read More
China's domestic rebar prices dropped on Monday June 29 to track falling futures amid a pessimistic outlook of demand during the rainy season.Domestic Eastern China (Shanghai): 3,530-3,560 yuan ($504-508) per tonne, down by 30 yuan per tonneMost parts of eastern and southern China are experiencing heavy rain that is forecast to persist over the next three days. Such weather shortens the working ho...Read More
Asian-Pacific equities and pre-market European equity index futures were weaker this morning, Monday June 29, but base metals prices were for the most part firmer. Nikkei led on the downside this morning with losses of 2.21%.Covid-19 surges in some southern US states, with 2.5 million confirmed cases reported in the country.Profits in China's industrial sector showed growth of 6% year on year in M...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...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...Read More
The latest data for the global manganese ore market for the week ended June 29, 2020.Read More
Covid-19 has exposed the overdependence and vulnerability in the electric vehicle (EV) supply chain, which supports the development of other regional battery production hubs in the coming years, panellists said in a Fastmarkets webinar last week."There is growing nationalism and regionalism [and] coronavirus has been a wake-up call for how dependent industries are on China," Emily Hersh, managing...Read More
European spot prices for high-carbon ferro-manganese and silico-manganese have fallen by more than 7% in the past week, in line with soft demand and persistently lower ore prices, sources told Fastmarkets on Monday June 29.New spot deals and offers have dragged alloy prices down to levels last seen about six months ago, and further weakness was expected when steelmakers shut down furnaces in July...Read More
European prices for vanadium pentoxide (V2O5) and ferro-vanadium continued to fall in the week ended Friday June 26 under pressure from weak end-user demand, with V2O5 prices dropping by 7%.Fastmarkets assessed the price of vanadium pentoxide, 98% V2O5 min, in-whs Rotterdam, at $5.10-5.50 per lb on Friday, down from $5.15-6.25 per lb in the previous week. The market was now at its lowest for three...Read More
Asian-Pacific equities and pre-market major western equity index futures were stronger this morning, Tuesday June 30, while base metals prices were for the most part firmer too - this despite Federal Reserve chairman Jerome Powell saying the US economy faces “extraordinary uncertainty”. * China’s manufacturing purchasing managers’ index (PMI) climbed to 50.9 in June, from 50.3...Read More
U.S. equity index futures were mixed this morning. S&P futures were unchanged in pre-opening trade.The Canadian Dollar was virtually unchanged at US73.07 cents following release of Canada's April GDP report at 8:30 AM EDT. Consensus was an annualized drop of 12.2% versus a drop of 7.2% in March. Actual was s drop of 11.60%Lululemon gained $12.04 to $304.55 after announcing purchase of Mirror,...Read More
(Updates prices) By Peter Hobson LONDON, June 29 (Reuters) - Supply disruption in topproducer Chile, solid demand in top consumer China and dwindlingstockpiles kept copper prices near five-month highs on Monday. Benchmark copper on the London Metal Exchange (LME)was up 0.1% at $5,963 a tonne at 1615 GMT, close to Friday'speak of $6,006.The metal used in power and construction has risen by about35%...Read More
Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More
Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More
Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More
Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More
Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More
Asian-Pacific equities and pre-market European equity index futures were weaker this morning, Monday June 29, but base metals prices were for the most part firmer. * Nikkei led on the downside this morning with losses of 2.21%.* Covid-19 surges in some southern US states, with 2.5 million confirmed cases reported in the country.* Profits in China’s industrial sector showed growth of 6% year o...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade.Boeing added $12.30 to $182.31 after the FAA indicated that test flights on the 737 Max aircraft are set to start today.Gap Stores gained $0.63 to $12.70 after Deutsche Bank raised its target price from $13 to $15.Square added $1.45 to $105.75 after KeyBanc Capital increased its target pr...Read More