China's domestic rebar prices fell sharply on Monday June 21 amid weaker demand and declining iron ore futures.DomesticEastern China (Shanghai): 4,880-4,920 yuan ($754-761) per tonne, down 80-90 yuan per tonne Some construction projects in several major Chinese cities, including Beijing and Shanghai, have stopped work ahead of July 1 celebrations marking the 100th anniversary of the founding of th...Read More
Aluminium scrap prices in Europe and the United Kingdom remain at multi-year highs due to the availability of scrap material continuing to be squeezed across the continent, sources told Fastmarkets.The market is now experiencing the long-term impact of Covid-related global manufacturing shutdowns and production suspensions due to the semiconductor chip shortage, according to sources.Market partici...Read More
Prices for seaborne iron ore pellets and concentrate increased again in the week ended Friday June 18 amid an uptrend in the high-grade fines segment.Fastmarkets iron ore indicesIron ore pellet premium over 65% Fe fines, cfr China: $62.40 per tonne, down $0.40 per tonne. 65% Fe blast furnace pellet, cfr Qingdao: $304.92 per tonne, up $7.23 per tonne.66% Fe concentrate, cfr Qingdao: $242.63 per ton...Read More
Key data from Fastmarkets' pricing session in China on Friday June 18.Key drivers Spot silicon supply remained quite tight even though furnaces in Yunnan province have started to operate. Production is...Read More
Singapore's DBS has commenced trading as a Category 4 member on the London Metal Exchange, the bank said on Monday June 21.It is the first bank in Asia to have a remote membership with the LME outside of London, it said."With the new membership, DBS' corporate clients in Singapore, China, India, Indonesia, Korea and Hong Kong will have access to a comprehensive suite of hedging and financial solut...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Kroger added $0.06 to $38.81 after Deutsche Bank raised its target price from $36 to $41.ConocoPhillips gained $0.29 to $57.82 after Mizuho raised its target price from $73 to $82.Amazon advanced $7.02 to $3,493.92 in anticipation of a successful two day Prime Day marketing program launch...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Key data from Fastmarkets' pricing sessions in China, the United States, India and Europe.India The Indian silico-manganese export price extended its current rally for a sixth week in a row, hitting its highest level since Fastmarkets started assessing the market at the start of June 2014.The market has rallied on renewed demand from Japan over the past few weeks, which happened earlier...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Copper concentrate treatment and refining charges (TC/RCs) rose during the week to Friday June 18, with smelters buying cargoes at higher levels and traders also assessing material from miners at TCs in the $30s.Chinese smelters bought several cargoes in the high $30s per tonne/3 cents per lb this week, picking up units for the third quarter....Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe.China The impact of Inner Mongolia's move to raise electricity rates has continued to provide support for the current high prices, with suppliers offers broadly unchanged. Relatively tight availability due to a lack of stocks along with production cuts resulting from Ningxia's mission to conserve energy, reduce...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
All base metals prices on the London Metal Exchange were lower on Friday June 18 than at the start of the week, by an average of 5.6%, brought down by a mixture of macroeconomic factors that have stifled the complex's recent bullish run.The decline across the complex to Friday was led by copper's fall on the LME, down by 8.3% on Friday to $9,135 per tonne from Monday's closing price of $9,971.50 p...Read More