The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesMay 7, 2021, 180 tonnes (15 tonnes each month for January to December 2022, all at $20.70 per lb)May 6, 2021, 60 tonnes (5 tonnes each month for January to December 2022, all at $20.60 per lb)April 30, 2...Read More
Prices of base metals on the London Metal Exchange were up during morning trading on Monday May 17, with lead gaining the most in percentage terms, after a week which saw all prices reach new highs, before ending lower on Friday.Three-month lead was trading at $2,179.50 per tonne at 9am on Monday, up 1.1% from Friday's closing price of $2,155 per tonne. The contract ended last week 2.6% lower on F...Read More
China's hot-rolled coil prices fell further on Monday May 17 amid thin trading resulting from concerns over how a fresh wave of Covid-19 infections sweeping across the world would affect the manufacturing sector.DomesticEastern China (Shanghai): 6,000-6,050 yuan ($932-940) per tonne, down 160-400 yuan per tonneSeveral countries, including India, Japan and Brazil, have reported sharp increases in t...Read More
Healthy demand from the consumer electronics sector and shipping delays kept the tantalum concentrate price at its highest level on Fastmarkets records on Friday May 14. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $75-78 per lb on Friday, level week on week at its highest since Fastmarkets started assessments in May 2020 - when it stood at $65-66 per lb. The...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 assessed Cobalt alloy grade, in-whs...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,...Read More
GEM chairman Kaihua Xu has worked on building a path for recycling in China since the mid-1990s - he recalls the key steps and discusses the growth and outlook for one of China's leading recycling businesses.Founded in December 2001, GEM Co., Ltd has become one of the leading battery recyclers and battery materials producers in China. The company contributes to 10% of recycling of electronics wast...Read More
Key data from Fastmarkets' pricing session in China on Friday May 14.Key drivers Sentiment in Chinese silicon market turns bullish amid rising prices for upstream raw materials and downstream ADC 12 aluminium...Read More
Prices for imported rebar in Singapore surged during the week to Monday May 17 due to bullish sentiment caused by the soaring prices in China, market sources said.Offers increased to $800 per tonne cfr Singapore on a theoretical weight basis for back-to-back cargoes from Turkey, and $790 per tonne cfr Singapore for position cargoes from India, notably from a major blast furnace-based Indian steel...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday May 18, and once again recent dips have been short-lived and not that deep, suggesting sentiment remains robust.* Inflation concerns remain elevated, US treasury yields and gold firmer* United States Federal Reserve officials stick to their view that inflationary pressures w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. Equity index futures were virtually unchanged following release of April U.S. Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.710 million units from 1.759 million units in March. Actual was 1.569 million units.Home Depot advanced $7.62 to $327.63 after reporting higher than conse...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade.Index futures were virtually unchanged following release of the May Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was a slip to 24.00 from 26.30 in April. Actual was a slip to 24.3AT&T gained $1.34 to $33.60 and Discovery advanced $60.4 to $41.69 following confirmation...Read More
Eastern China's Shagang will participate in a mixed ownership reform of central China's Anyang Iron & Steel, and the former is likely to emerge as the controlling shareholder in the latter, according to a notice released by Anyang Steel late on Thursday May 13.The change in shareholding will neither influence the steel production of the two mills - based in the provinces of Jiangsu and Henan...Read More