With the US-China trade truce emerging...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...Read More
Relief rally, but price still...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...Read More
Stainless perspective: 2018 a tale of two halves...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 lates...Read More
In this week’s analysis, we review...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 a...Read More
Price rebound underway... Risk sentiment has...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 is...Read More
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
Price gains inspired by the trade developments at the Group of Twenty (G20) summit over the weekend were sold into during afternoon trading on Monday December 3. But likewise the dips have been bought into again this morning. Three-month base metals prices on the London Metal Exchange were up by an average of 0.5% on Tuesday morning, with all of the metals – bar nickel which was unchanged ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Bank of Montreal (BMO $99.00) is expected to open higher after reporting higher than consensus fiscal fourth quarter earnings. The Bank also raised its quarterly dividend.Autozone gained $15.54 to $840.00 after reporting higher than consensus fiscal first quarter earnings.Dollar General...Read More
Steel billet prices continued to fall in most global regions during the working week from Monday November 26 to Friday November 30, due to a return of Chinese producers to the export market and a downturn in the Asian markets.Sentiment in the export billet market in the Commonwealth of Independent States (CIS) became more depressed, while import prices in the Middle East and Turkey weakened in lin...Read More
Steel billet prices continued to fall in most global regions during the working week from Monday November 26 to Friday November 30, due to a return of Chinese producers to the export market and a downturn in the Asian markets.Sentiment in the export billet market in the Commonwealth of Independent States (CIS) became more depressed, while import prices in the Middle East and Turkey weakened in lin...Read More
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%. The LME zinc price gained 1%, while copper was up 1.9% and recently quoted at $6,314 per tonne. Volume across the complex has, not surprisingly, been strong with 14,686 lots traded as at 6:53am London time. The precious met...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade. Strength is related to an agreement between China and the U.S. to postpone trade tariff escalation for the next 90 day. The Shanghai Composite Index jumped 67 points to 2,655.Caterpillar gained $5.93 to $141.60 after Bank of America/Merrill upgraded the stock to Buy from Neutral.Costco s...Read More
Global ferrous scrap prices continued to trend downward during the working week from Monday November 26 to Friday November 30, due to poor demand and lackluster sales of finished steel.Turkish scrap import prices and US export scrap prices fell due to weak market sentiment in Asia, while persistently poor demand continued to weigh on Asian scrap import prices. Indian import prices also slipped on...Read More
Sentiment in the European austenitic alloy scrap market has been negative and mills have continued to drag prices downward, sources told Fastmarkets on Friday November 30."Demand [for alloy steel scrap] is slow and sentiment in both the raw material and stainless steel markets is negative. The mills are trying to get...Read More
Turkish steel mills ended the week with no deep-sea scrap bookings amid poor demand for finished products in the domestic and export markets as well as concerns over Asian steel markets, sources said on Friday November 30.After booking three deep-sea cargoes from the United States and the United Kingdom at the end of last week, steel mills in Turkey stepped out of the deep-sea scrap markets.Those...Read More
Comex copper prices experienced further weakness ahead of world leaders converging in Argentina for the Group of Twenty (G20) meeting this weekend.The copper price for March settlement on the Comex division of the New York Mercantile Exchange fell 1.80 cents to $2.7735 per lb.Price movement is expected to be muted today with investors focusing on the weekend's G20 summit, where finance ministers.....Read More
Fastmarkets MB will change the names of its benchmark in-warehouse Rotterdam price assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under the names 'low-grade' and 'high grade' will be Friday December 28. Prices will be published under thei...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Domestic prices for coated-steel coil products in Turkey have increased slightly in the week ended Friday November 30 after producers ceased offering discounts, with local Turkish demand remaining limited.The local Turkish market has been slow for a long time. The initial reason was the weakening of the Turkish lira, which fell to a low of 10TRY to $1.44 on August 13, before staging a steady recov...Read More