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, $/lb at 23.50-24.40...Read More
Domestic prices for cobalt metal in China have strengthened since mid-August despite weak downstream demand due to tightening supply and high production costsFastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was at 360,000-383,000 yuan ($55,775-59,338) per tonne last Friday September 3, up by 3,000-5,000 yuan per tonne from 355,000-380,000 yuan per tonne on September 1. Prices...Read More
Ongoing steel production cuts in China could be extended beyond December to March 2022 to combat pollution during the winter heating season and in the lead-up to the Beijing Winter Olympics 2022, according to a notice sent to major market participants on Monday September 6.The notice, which is seeking feedback on a set of draft measures, said that mills in the key steelmaking belt of Beijing-Tianj...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday September 7, while all but aluminium on the Shanghai Futures Exchange were down.* China’s imports and exports growth accelerated in August, compared with July’s increases...* ...this despite Covid-19 disruptions and container shortagesBase metalsThree-month base metals prices on the LME were main...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Enbridge added $0.08 to US$40.11 after announcing purchase of Moda Midstream for $3 billion.State Street improved $0.24 to $93.13 after announcing purchase of Brown Brother Harriman's investor services business for $3.5 billion cash.Spotify advanced $9.07 to $258.11 after KeyBanc upgraded...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Base metals prices on the London Metal Exchange were on divergent paths on the morning of Monday September 6, after a weaker-than-expected US jobs report on Friday sent out mixed signals.But base metals prices on the Shanghai Futures Exchange were generally stronger this morning while they tracked the gains seen on the LME on Friday, which came despite the disappointing data from the United States...Read More
Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
Chilean copper production in July was close to stability when compared with the corresponding month of 2020, amid increased output from Codelco and a drop reported by Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday September 2.Chile produced 465,000 tonnes of copper in July, a slight decrease of 0.02% from 465,100 tonnes a year before but down by 2.58% from 47...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 3.China The Chinese ferro-silicon market turned bullish following the news that Inner Mongolia may conduct a round of production cuts due to its electricity limits, with many producers holding offers firm. Ningxia's production cuts, intended to meet the energy consumption dual control targets, al...Read More
Chilean copper production in July was close to stability when compared with the corresponding month of 2020, amid increased output from Codelco and a drop reported by Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday September 2.Chile produced 465,000 tonnes of copper in July, a slight decrease of 0.02% from 465,100 tonnes a year before but down by 2.58% from 47...Read More
Fastmarkets copper concentrate processing charges continued to rise in the week to Friday September 3.Copper smelters were buying a few spot parcels of concentrates, Fastmarkets heard, with transactions for October cargoes heard at $60s per tonne for standard clean concentrates.Miners have put more tonnages onto the spot market for sale. Some Escondida and Toromocho parcels were...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More