Ferro-vanadium prices have been under pressure since August 18, Fastmarkets has heard, with traders taking profit and cutting their offers to encourage sales, which has led some producers to step out of the market.Now, in mid-September, some market participants expect prices to stabilize with more demand from steel mills in Europe, while others remained pessimistic due to current market headwinds...Read More
Base metals prices have generally been under pressure in recent days while broad-based risk-off has weighed on the market, but the metals were looking more mixed on the morning of Tuesday September 21, suggesting consolidation after Monday’s average loss of 1.6% across the London Metal Exchange base metals.The risk-off sentiment seems to be tied in with concerns about whether Chinese property...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. Index futures were virtually unchanged following release of the August Housing Starts report at 8:30 AM EDT. Consensus was an increase to 1.555 million units from 1.534 million units in July. Actual was an increase to 1.62 million unitsThe Canadian Dollar added 0.35 to US78.35 cents foll...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 79 points in pre-opening trade.Canadian National Railway was unchanged at U.S. $118.31 despite a target increase by Cowen from US $110 to $US119.Thermo-Fisher dropped $6.80 to $590.00 despite target increases by JP Morgan, Stifel Nicolaus and KeyBancNike dropped $2.50 to $153.92 after Deutsche Bank lowered its target...Read More
Base metals price movements on the London Metal Exchange were mixed on Friday September 17 following a week marked by volatility, with copper, nickel and lead down, the last-named having been under selling pressure for most of the past five days.Nickel's three-month price reached $20,245 per tonne on Friday, while its volumes were at their highest since the start of the week, with more than 11,400...Read More
Senior executives from 17 companies and industry association European Aluminium have called on the European Commission (EC) to move forward with anti-dumping duties on aluminium flat-rolled products (FRP) imports from China. In a letter sent on Wednesday September 15, the signatories said that planned definitive anti-dumping duties on Chinese FRP are balanced, fair and critical to the survival of...Read More
China's nickel pig iron (NPI) prices held steady in the week to Friday September 17 amid nationwide production cuts while those for nickel ore surged amid increased freight and tight supply.Fastmarkets price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,430-1,450 yuan ($222-225) per nickel unit on Friday, unchanged from a week earlier.Prices have been unchang...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 17.China Both the domestic and export markets in China rose to record highs on Wednesday. The domestic price was first assessed by Fastmarkets in 2006 and the export market in 1997.Continuing supply shortages fueled a two-month domestic price rally, amid bullish futures and lingering supply conce...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
China's nickel pig iron (NPI) prices held steady in the week to Friday September 17 amid nationwide production cuts while those for nickel ore surged amid increased freight and tight supply.Fastmarkets price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,430-1,450 yuan ($222-225) per nickel unit on Friday, unchanged from a week earlier.Prices have been unchang...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
The price range for light iron scrap in the UK widened upward during the week to Friday September 17, with major processors seeking to attract enough feedstock into their yards to keep their scrap-processing machines working cost-effectively, trade sources have said.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?170-190 ($235...Read More
Global scrap prices diverged in the week to Friday September 17, with the Asian and US scrap markets reporting gains, while Turkey tried to recover the previous weeks' losses in its most recent purchases.Turkish mills book handful of cargoesRecent cargoes see higher export prices on US marketVietnam prices jump on higher export ordersChinese scrap prices dip on winter pollution controlsTaiwan scra...Read More
Prices for shredded steel scrap imports into Pakistan erased gains made in the previous week on Friday September 17, while Indian scrap remained rangebound, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $526.91 per tonne on Friday September 17, down from$530.42 per tonne on September 10, erasing the gains m...Read More
Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.Broader markets were quiet but firmer heading into the weekend and China's Mid-Autumn Festival holiday takes place on Monday and TuesdayBase metalsThree-month b...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
South Korean battery manufacturer LG Energy Solution (LGES) has agreed to buy a 4.8% stake in China's Greatpower Nickel & Cobalt Materials Co for 35 billion Won ($29.72 million), the Chinese battery materials producer said on Friday September 17. In addition, two parties have signed a supply contract for six years, which entails Greatpower supplying a total of 20,000 tonnes of nickel sulfate to th...Read More
Lithium carbonate prices in China were at parity with those for hydroxide in the week ended Thursday September 16 amid lingering spot tightness for both battery-grade and technical-grade carbonate.Lithium prices in China's domestic market continue to make strong gains on tight spot availability, rising spot spodumene price.Spot supply constraints allow seaborne Asian lithium market to track the up...Read More