Nickel gained the most in percentage terms during morning trading on the London Metal Exchange on Wednesday June 9, while other base metals were mostly unchanged from Tuesday at high levels.The LME three-month nickel price reached $18,130 per tonne on Wednesday morning, up from its previous close at $17,942 per tonne. The contract rose to a three-month high of $18,475 per tonne on June 3 - its hig...Read More
China's domestic rebar prices picked up on Wednesday June 9 as a result of futures gains leading to stronger demand, market sources said.DomesticEastern China (Shanghai): 4,960-5,000 yuan ($776-782) per tonne, up by 40-50 yuan per tonneRebar futures staged a slight rebound on Tuesday and Wednesday, following a large drop on Monday, which market participants said was a "reasonable price change".The...Read More
LME base metals have looked tired, having lost their upward momentum in the past few days, but underlying support looks plentiful, with all the base metals on the SHFE being in positive territory this morning, Wednesday June 9. US 10-year treasury yields have fallen, not on haven buying, but because the market seems more sanguine that central banks will not rock the boat anytime soon......but will...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More
An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi and Cristina Belda...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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 19.80-20.60 on Wednesday...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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...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.Read More
Silicon market participants have downplayed the effect on prices of a fire and subsequent explosion a Hoshine Silicon's 997 siloxane packaging facility in Xinjiang Uygur autonomous region on Tuesday June 8. The incident at the facility in Shihezi economic and technological development zone was brought under control within an hour. Hoshine's main products include industrial silicon (553 grade) and...Read More
A summary of the financial results for Austrian steelmaking group Voestalpine over its business year 2020/21, covering the period from April 1, 2020, to March 31, 2021.In brief The business year 2020/21 was marked for Voestalpine by an economic downturn of historic proportions. In the April-June quarter, there was a massive drop in demand in almost all customer sectors. But demand for Voestalpine...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday June 9. Key drivers Prices for both ferro-titanium and scrap have held in the past week despite quiet trading activity against expected renewed steelmaker demand and tight supplies respectively.Steelmakers are expected to fulfil their quotas of feedstock to meet their smelting schedules for the next quarter, with renewed demand for...Read More
Copper cathode premiums fell even further for shipments into China, while US rates remained high in the latest assessments on Tuesday June 8. A firmly closed arbitrage window sent Fastmarkets premiums down further in China. US premiums are stable at high levels, supported by high costs and good demand. China's low premium dents spot activity; SEA market flat There was minimal spot interest...Read More
Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More
Strong demand and tight supply supported aluminium premiums at recent multi-year highs across the globe on Tuesday June 8, although levels for those in South Korea were unchanged for two months.End-user interest and insufficient supply offset London Metal Exchange backwardation in Rotterdam Japanese premium holds at two-year high on fresh deals South Korea stable for eight weeks amid little market...Read More
Tin was the best performer on the London Metal Exchange on June 8 due to its constrained global supply situation being set to worsen amid disruption from MSC, while the rest of the complex finished positively on afternoon US trade despite a broader consolidation.LME tin's three-month price closed at $31,223 per tonne on Tuesday, jumping up by 2.3% from Monday's closing price of $30,525 per tonne,...Read More
Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More
Key data from the pricing sessions in Asia, Europe and the United States in the week to Tuesday June 8.ChinaRecent power cuts in Inner Mongolia and Guangxi provinces limited the availability of domestic ferro-chrome and supported the spot market.The spot market strength domestically and in other parts of Asia spurred positivity in the imported charge chrome market, although liquidity issues remain...Read More
Several provinces in China have been hit by power cuts in the past two months due to electricity shortages and energy controls, resulting in reduced production and price fluctuations for metals and ferro-alloys, including aluminum, zinc, silicon metal, ferro-chrome and silico-manganese. Supply of thermal power, the major method of power generation in the country, has been affected after coal price...Read More
Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More