ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Alphabet (GOOGL) dropped $27.17 to $1114.25 despite reporting higher than consensus fourth quarter sales and earnings. Profit margins on advertising revenues were less than consensus. Several investment firms slightly lowered their target price on the stock.Gilead (GILD $70.05) is expected...Read More
Billet prices increased last week in the Commonwealth of Independent States (CIS), Turkey, Southeast Asia and most other regions due to rising scrap costs.Fastmarkets' daily ferrous scrap index of North Europe-origin HMS 1&2 (80:20) was $297.39 per tonne cfr Turkey on Friday February 1 compared with $288.01 per tonne cfr on January 25.The increase was mostly due to tight supply in Turkey.Iron ore...Read More
Billet prices increased last week in the Commonwealth of Independent States (CIS), Turkey, Southeast Asia and most other regions due to rising scrap costs.Fastmarkets' daily ferrous scrap index of North Europe-origin HMS 1&2 (80:20) was $297.39 per tonne cfr Turkey on Friday February 1 compared with $288.01 per tonne cfr on January 25.The increase was mostly due to tight supply in Turkey.Iron ore...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 1 that are worth another look.Courts in Brazil have ruled that up to 12.6 billion Reais ($3.44 billion) of Vale's assets and resources will be frozen after the rupture of a tailings dam at Vale's C??rrego do Feij??o iron ore mine, the miner stated on Friday February 1. Market participants will take a cautious stance...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 1 that are worth another look.Courts in Brazil have ruled that up to 12.6 billion Reais ($3.44 billion) of Vale's assets and resources will be frozen after the rupture of a tailings dam at Vale's C??rrego do Feij??o iron ore mine, the miner stated on Friday February 1. Market participants will take a cautious stance...Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Monday February 4, with copper down by 0.4% at $6,116 per tonne and zinc leading on the upside with a 0.6% gain. Aluminium, nickel and lead were all up by 0.2% and tin was little changed. With the Lunar New Year holidays (February 4-10) underway in China and across most of Asia, volume acr...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Chipotle (CMG $527.20) is expected to open higher after Wedbush raised its target price to $440 from $400.Keycorp (KEY $16.63) is expected to open lower after Wedbush downgraded the stock to Neutral from Outperform. Dell Technologies (DELL $15.63) is expected to open higher after JP Morgan r...Read More
Courts in Brazil have ruled that up to 12.6 billion Reais ($3.44 billion) of Vale's assets and resources will be frozen after the rupture of a tailings dam at Vale's C??rrego do Feij??o iron ore mine, the miner stated on Friday February 1.The federal prosecutors' office, state prosecutors and the state government of Minas Gerais, where Feij??o is located made most of the complaints. Additionally,...Read More
China's crude stainless steel output rose 3.6% to a new high in 2018, according to data released by the China Stainless Steel Council.The country produced 26.71 million tonnes of crude stainless steel last year, up 940,000 tonnes from 25.77 million tonnes a year earlier, according to the statistics released late on Thursday January 31. Of the total, 48% or 12.82 million tonnes consisted of 300-ser...Read More
Eastern China's Shagang has increased the prices for its long steel products for orders booked in the first 20 days of February.The mill is selling its HRB400 16-25mm rebar at 3,900 yuan ($582) per tonne over the February 1-20 period, up 20 yuan per tonne from its last set of prices, it said on Friday February 1.Shagang is also...Read More
The United States pig iron market continued to be plagued by uncertainty during the week ended Friday February 1 due to unclear price trends for scrap and hot-rolled coil. Fastmarkets' import price assessment for pig iron in the US was $340-345 per tonne cfr on Friday, narrowing downward from $340-350 per tonne cfr a week before.The market level was estimated by sources at $340-345 per tonne cfr i...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Friday February 1, with most futures prices ending the week higher amid continued weakness in the US dollar index and LME stock drawdowns. Despite consolidating 0.5% lower over the afternoon, copper's three-month price remains well supported above $6,100 per tonne. While on-warrant material is now above 100,000 t...Read More
The London Metal Exchange has outlined the terms in which it will conduct its electronic price discovery trial of nickel, introducing a trade-at-settlement (TAS) functionality and setting out a scheduled start date of March 18, the exchange said in a notice to members on Friday February 1. The electronic trial will last for three months and will end on June 18, 2019. Closing prices for nickel will...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Courts in Brazil have ruled that up to 12.6 billion Reais ($3.44 billion) of Vale's assets and resources will be frozen after the rupture of a tailings dam at Vale's C??rrego do Feij??o iron ore mine, the miner stated on Friday February 1.The federal prosecutors' office, state prosecutors and the state government of Minas Gerais, where Feij??o is located made most of the complaints. Additionally,...Read More
First Quantum Minerals has resumed copper production at its Las Cruces mill in Spain after a land slippage last week, by processing lower-grade stockpiled ore.The stockpiled ore was expected to provide feed for the next several months while the company, which is based in Toronto, Canada, obtains the necessary regulatory approval to begin mining at Phase 6, an area that was not affected by the land...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More