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
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
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
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
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 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
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, 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
An overview of the aerospace materials markets and the latest price moves.Cristina Belda in London; Jessica...Read More
Global scrap prices in the key markets diverged in the week to Friday June 18, with those in Asia moving upward, while Turkish scrap prices fell amid slow buying driven by uncertainty over finished steel sales.Turkish buyers had to pay a premium for US-origin shredded scrapUS export market reported new sales to TurkeySolid demand in Vietnam resulted in higher pricesChina reported stability in impo...Read More
Prices for shredded steel scrap imported into India and Pakistan have risen on active purchasing that tailed off toward the end of the week, sources told Fastmarkets on Friday June 18.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $533.93 per tonne on June 18, up from $516.47 per tonne on June 11.Offers heard this week were in the range of $520-540 per tonne cfr, whi...Read More
A shortage of shredded scrap is squeezing major supplier markets and pushing up the prices of key grades in the world's export markets, sources told Fastmarkets this week.Lower inflows to scrapyards and stronger demand for key grades in the major supplier nations have made it much harder for overseas consumers to secure shredded scrap over the past month.The lack of available shredded scrap, combi...Read More
Rebounds were under way in the base metals complex in London this morning, Friday June 18, while in Shanghai the base metals mostly reflected the weakness seen on the London Metal Exchange on Thursday.The more hawkish stance from the United States Federal Reserve on Wednesday lifted the dollar but has weighed on sentiment......as has China's decision to release state reserves of copper, aluminium...Read More