The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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 assessed Cobalt...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 applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam,...Read More
Serious congestion at ports across the world is unlikely to ease in the immediate future, shipping line Maersk said in a market update."Ports in Asia Pacific continue to be severely congested. With continued high yard density and weather disruptions since July, operational challenges remain in port operations," the company said.Vessels calling at major ports in Busan, Shanghai, Ningbo, Yantian and...Read More
Fastmarkets proposes to liberalize the criteria for deals to be included in the calculations for the steel scrap month-to-date deal weighted average price, cfr Turkey.Currently, Fastmarkets' steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey only includes deals that are classified as confirmed, which means that at least the buyer or the sell...Read More
Base metals prices were mixed on the morning of Wednesday September 29 while they consolidated against a backdrop of numerous headwinds.Uncertainty has picked up regarding how high US treasury yields and the dollar will go and what will the fallout be if China’s Evergrande starts defaulting on foreign-owned debt.China’s power rationing set to hit metal production and manufacturing, and i...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade.Dollar Tree added $0.64 to $86.92 after announcing an additional $1.05 billion share buyback program.NetApp advanced $3.19 to $95.00 after JP Morgan raised its target price from $95 to $108.HP Inc slipped $0.23 to $28.35 after JP Morgan downgraded the stock from Overweight to Neutral. Tar...Read More
(Updates number of rescued workers) Sept 28 (Reuters) - Vale SA said on Tuesday that35 of its employees who were trapped in a Canadian mine hadreturned to the surface and four more were on their way out.On Monday, the Brazilian miner said 39 mine workers had beentrapped underground since Sunday at its Totten mine in Sudbury,Canada. Vale said earlier on Tuesday it expected all employees tosurface b...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
For aluminium market participants globally, the global energy shortage is one of the many shortages producers of the light metal are facing.Market participants say the energy crunch, caused by a lack of incentive to produce additional supply when energy prices hit lows in 2020, will particularly be felt by producers who have large exposures to the spot energy markets, although many say that most s...Read More
Tin's futures contract fell by 3.9% on Monday September 27, and most other London Metal Exchange prices were also lower on the day, with somewhat bearish sentiment still holding in the complex.Tin's three-month price was at $35,100 per tonne on Monday at 5pm in London, decreasing from $36,539 per tonne at the same time on Friday.Amid concerns surrounding the supply of the metal given ongoing...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Fastmarkets proposes changes to the name and specifications of its UG2 chrome ore price index.Fastmarkets proposes to change the specification for its chrome ore South Africa UG2 concentrates index basis 42%, cif China to include MG material and to amend some qualities, including to clarify a base chrome iron ratio and to implement a normalization process to meet this base level. Fastmarkets...Read More
Fastmarkets proposes to amend the publication timing of its ferro-chrome benchmark indicator and its ferro-chrome cif China price.For its ferro-chrome lumpy Cr benchmark indicator, charge basis 52% (and high carbon), Europe and ferro-chrome 50% Cr import, cif main Chinese ports price assessment, Fastmarkets proposes changing the publication time.The proposed specifications would be (proposed...Read More
The latest data for the global manganese ore market for the week ended September 27, 2021.Read More
Swiss trading firm SiderAlloys has hired Matteo Chareun this month as manager of its commercial division, Chareun told Fastmarkets.Prior to this role, Chareun spent seven years as commercial division manager at Swiss trading house Euromet SA, a position in which he...Read More
For aluminium market participants globally, the global energy shortage is one of the many shortages producers of the light metal are facing.Market participants say the energy crunch, caused by a lack of incentive to produce additional supply when energy prices hit lows in 2020, will particularly be felt by producers who have large exposures to the spot energy markets, although many say that most s...Read More
Silicon prices hit their highest-ever prices worldwide in the week to Friday September 24 on reduced supply, especially out of China - the biggest global supplier - where a power shortage is limiting production of all metals.Chinese silicon prices shot up by 65.2% in the week to Friday, following a 47% increase the week before. In the United States, silicon metal gained 12.3% in the week to Thursd...Read More
Base metals prices were mainly lower on the London Metal Exchange and mixed on the Shanghai Futures Exchange on Monday September 27, while the broader markets looked more positive.Higher oil prices are adding to inflationary concerns......US 10-year treasuries yields rise to levels not seen since JulyBase metalsThree-month base metals prices on the LME were mainly weaker this morning, with the exc...Read More
Australian miner AVZ Minerals Limited has signed a transaction implementation agreement with China's Suzhou CATH Energy Technologies to jointly develop the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC), the Australian miner said on Monday September 27.CATH is a private investment entity jointly owned by Contemporary Amperex Technology (CATL) and Shenzhen-listed Suzhou TA...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More