China's domestic rebar prices increased on Monday July 5 amid higher trading activity and stronger futures prices.DomesticEastern China (Shanghai): 4,870-4,900 yuan ($754-759) per tonne, up by 40 yuan per tonneMarket participants expect steel production to drop in the second half of this year to meet a target set late last year by the Chinese Ministry of Industry & Information Technology (MIIT).Th...Read More
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 23.60-24.25 on...Read More
Here are five Fastmarkets stories you might have missed on Friday July 2 that are worth another look.Prices for flat-rolled steel products imported into South America were down in the week ended July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Read More
Here are five Fastmarkets stories you might have missed on Friday July 2 that are worth another look.Prices for flat-rolled steel products imported into South America were down in the week ended July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Read More
Base metals, iron ore, rebar and precious metal prices on the Shanghai Futures Exchange were up across the board this morning, Monday July 5, with all the base metals, apart from lead, also higher on the London Metal Exchange.Markets taking comfort from Friday’s US employment report. But markets likely to be quiet today with the United States celebrating Sunday’s Independence Day.Base me...Read More
Here are five Fastmarkets stories you might have missed on Friday July 2 that are worth another look.Prices for flat-rolled steel products imported into South America were down in the week ended July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Read More
Here are five Fastmarkets stories you might have missed on Friday July 2 that are worth another look.Prices for flat-rolled steel products imported into South America were down in the week ended July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Read More
July 3rd 2021The following notes were developed prior to my interview on Michael Campbell's Money Talks radio show on CKNW on Saturday. Trader's outlook for North American equity marketsSeasonal influences for North American equity markets are positive in the month of July (particularly in a Post-U.S. Presidential Election year). Strength is Post-U.S. Presidential Election years is related to...Read More
Here are five Fastmarkets stories you might have missed on Friday July 2 that are worth another look.Prices for flat-rolled steel products imported into South America were down in the week ended July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Read More
Indian domestic hot-rolled coil prices have corrected by about 1,500 rupees ($20) per tonne after incentives were offered by steel mills to distributors in the face of poor demand for HRC.Fastmarkets' price assessment for steel HRC, domestic ex-warehouse India was 67,000-69,000 rupees ($899-926)per tonne on July 2, down from last week's 68,500-70,500 rupees per tonne. "Price support has been offer...Read More
An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More
European Metal Recycling (EMR) is to transform its dock operations in Scotland with a multi-million-pound development that will make it more competitive and reduce carbon emissions, the company announced on Monday June 28.The 11.5-acre site at Berth 10 of the West Quay at Glasgow's King George V dock will be EMR's most innovative deep-sea dock in the UK, allowing the company to transfer material i...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
Most base metal inventories in Shanghai Futures Exchange-registered warehouses dropped in the week to Friday July 2, with zinc registering the largest fall in percentage terms at 8% week on week.Zinc inventories fell by 2,824 tonnes on Friday to 32,490 tonnes, with the largest outflow from the Quansheng Logistics warehouse in Shanghai, where stocks were down by 2,852 tonnes to 12,604 tonnes, accor...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.China The China ferro-silicon price edged up due to the tighter availability following the news that producers in Shanxi and Ningxia might face another round of production cuts so the provinces can meet their dual energy consumption targets, with supplier offers broadly unchanged.In addition, the ne...Read More
Turkey secured up a fourth deep-sea steel scrap purchase at a discount, compared with its previous three previous cargo buys, in the week to Friday July 2, while activity in other global markets was comparatively subdued.Turkey secured four deep-sea cargoes, from Europe and the United StatesUS exporters kept export prices above $500 per tonne; international mills were forced to compete with the vi...Read More
Expensive logistics, uncertainty about the recently announced Russian export tax and generally strong fundamentals pushed global aluminium billet premiums to fresh all-time highs in the week ended Friday July 2.Europe premiums hit all-time highs, with expectations of further increasesThailand billet premium rises on tight regional supplyExpensive US freight drives premiums upwardPremiums in Brazil...Read More
The United States' pig iron import market was muted during the week to Friday July 2 because buyers preferred to wait to see the effects on the market of the announcement of an export duty by Russia.Russia is the largest global pig iron supplier. It intends to impose a temporary export duty on pig iron at the level of 15% but no less than $115 per tonne, to be effective from August 1 until Decembe...Read More
The price of technical-grade lithium carbonate in China rose for the second time since mid-June this week, amid active trader restocking, thereby improving sentiment in the battery-grade chemicals market, sources told Fastmarkets.Fastmarkets' lithium carbonate 99% Li2CO3 min, technical and industrial grade, spot price range exw domestic China edged up to 79,000-80,000 yuan ($12,189-12,344) per ton...Read More
With automakers switching to producing vehicles with batteries reliant on metals such as cobalt and lithium, the expectation for lead has been that prices will follow the downward fortunes of the internal combustion engine.But recently that has not been the case; lead's cash price on the London Metal Exchange reached a three-year high of $2,368 per tonne on Wednesday June 30, crowning nine straigh...Read More