Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by...Read More
Trading activity in the seaborne iron ore pellet market was subdued last week, with some participants expecting prices to come down.The MB 65% Fe Iron Ore Pellet Index, published by Fastmarkets MB, was at $160.54 per tonne cfr China on Friday October 12, down by $1.10 per tonne from a week earlier.The fall in the MB 65% Fe Iron Ore Pellet index (MBIOI-PT) was based on the visible market activity d...Read More
Seaborne coking coal spot prices moved in opposite directions on Monday October 15, with the cfr China segment picking up some strength while the fob Australia one softened.A November-laycan cargo of low-vol Australian premium hard coking coal was sold to an end user in northeastern China at $220 per tonne cfr China, sources confirmed during the day. The last cfr China transaction for such a produ...Read More
China's ferrous futures started the week mixed, with the steel contracts posting gains during morning trading on Monday October 15, while those for steelmaking raw materials trended downward to end the session lower.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,154 yuan ($600) per tonne, up 36 yuan per tonne January hot rolled coil: 3,952 yuan per tonne, up 20...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday October 15*Copper -$151.73 (-1053.74 yuan)Aluminium -$467.58 (-3247.27 yuan) Zinc -$54.19 (-376.37 yuan) Nickel $303.89 (2110.43 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More
First Cobalt Corp is in discussions with various feedstock suppliers and potential offtake parties who could finance an eventual restart of its cobalt refining facility in Ontario, Canada. The base case scenario would see the refinery resume operations at 24 tonnes per day, the company said, with production of cobalt sulfate for the lithium-ion battery market or cobalt metal for the US aerospace i...Read More
At the inaugural LME Focus Day, part of this year's LME Week in London, Fastmarkets' head of base metals and battery research, Will Adams, discussed the supply and demand outlook for the cobalt market over the next five to seven years. While there is unlikely to be any shortage of cobalt over the next two to three years, the market is expected to gradually shift toward being in a deficit again in...Read More
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Week in review With LME...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...Read More
Aluminium The three-month LME aluminium price...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 lat...Read More
Week in review Copper enjoyed a...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 a...Read More
LME Week wakes lead market...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&...Read More
Short-term soft patch in long-term bull story...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 i...Read More
Week in review While the...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...Read More
Largely overlooked at LME Week There...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 s...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
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade.Johnson & Johnson added $0.04 to $133.99 after reporting higher than consensus third quarter earnings. The company also raised guidance.Goldman Sachs added $2.66 to $217.88 after reporting higher than consensus third quarter earnings. Adobe (ADBE $238.01) is expected to open higher af...Read More
Gold prices recovered the incremental price decline on Friday and are now trading above Thursday's closing price. On Thursday of last week, gold prices rose from the opening price of $1,197 to $1,230 by the closing bell. On Friday, gold prices had a fractional decline with the most active December Comex contract closing at $1,222 per ounce. Even with Friday's small daily decline, gold futures had...Read More
WASHINGTON (Reuters) - The U.S. federal government closed the 2018 fiscal year $779 billion in the red as tax cuts hit revenues and the government paid more to service a growing national debt, according to Treasury Department data released on Monday.The deficit for the fiscal year - or the 12 months through September - was the largest since 2012.The data also showed a $119 billion budget surplus i...Read More