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.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.Read More
China's magnesium prices increased by about 9% in both the domestic and export markets in the week to Friday April 23, with producers raising their offers amid low inventories, market sources told Fastmakets.In the domestic market, Fastmarkets' weekly price assessment for magnesium 99.9%,exw China was 17,000-17,100 yuan ($2,617-2,632) per tonne on Friday April 23, an increase of 1,400 yuan per ton...Read More
Key data from Fastmarkets' pricing session in China on Friday April 23.Key drivers China's cobalt metal price slumps amid weakness in local futures; buyers sent more inquiries, but were still cautious in buying on expectations that prices could fall further. Chinese cobalt tetroxide price narrowed downward on subdued demand; buyers were unwilling to accept higher...Read More
Metal companies transporting material in containers are facing fresh disruption to shipping following the blockage of the Suez Canal last month, sources told Fastmarkets. The main immediate legacy of March's Suez Canal obstruction has been worsening congestion at several global ports following major disruptions to vessel scheduling. These delays to shipping times have also exacerbated shortag...Read More
Copper is once again pushing ahead with its advance toward $10,000 per tonne this morning, Tuesday April 27, and such is the upward momentum now across most of the complex that it has woken nickel up from its two-month slumber in low ground.* Market focused on economies that are recovering...* ...less so on the areas where Covid-19 is ragingBase metalsMost of the LME three-month base metals prices...Read More
Splunk (SPLK), a NASDAQ 100 stock moved below $130.55 extending an intermediate downtrend.Pre-opening Comments for Tuesday April 27thU.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Tesla (TSLA) dropped $16.00 to $722.20 despite reporting higher than consensus first quarter revenues and earnings. NXP Semiconductors (NXPI) added $3.10 to...Read More
Here are five Fastmarkets stories you might have missed on Friday April 23 that are worth another look.Global aluminium manufacturer and recycler Novelis has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification at seven of its European sites, ASI reported on Thursday April 22.Brazil's...Read More
Here are five Fastmarkets stories you might have missed on Friday April 23 that are worth another look.Global aluminium manufacturer and recycler Novelis has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification at seven of its European sites, ASI reported on Thursday April 22.Brazil's...Read More
Here are five Fastmarkets stories you might have missed on Friday April 23 that are worth another look.Global aluminium manufacturer and recycler Novelis has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification at seven of its European sites, ASI reported on Thursday April 22.Brazil's...Read More
Here are five Fastmarkets stories you might have missed on Friday April 23 that are worth another look.Global aluminium manufacturer and recycler Novelis has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification at seven of its European sites, ASI reported on Thursday April 22.Brazil's...Read More
Copper led the London Metal Exchange base metals higher this morning, Monday April 26, and most of the base metals on the Shanghai Futures Exchange were up too, while the market continued to benefit from the strong purchasing managers’ index (PMI) data that was out on Friday.US markets managed to shake-off concerns about US President Joe Biden’s tax plans.Base metalsLME three-month base...Read More
MasterCard (MA), an S&P 100 stock moved above $389.04 to an all-time high extending an intermediate uptrend.Palladium ETN (PALL) moved above $273.16 to an all-time high extending a long term uptrend.Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $195.82 to an all-time high extending an intermediate uptrend.Emerson Electric (EMR), an S&P 100 stock moved above $93.38 to an all-tim...Read More
China's exports of major steel products rose significantly in March on a year-on-year basis due to the attractive prices for Chinese materials in January and February, when most March shipments were booked.For instance, exports of hot-rolled coil totaled 1.78 million tonnes last month, an increase of 92% year on year, according to Chinese customs data. Fastmarkets' price assessment for steel hot-r...Read More
Nickel's three-month price showed the biggest rise among base metals on the London Metal Exchange at the close of trading on Friday April 23, with most prices finishing the week on a positive note due to a low US Dollar Index and fund buying acitivty in the complex.The price of nickel was up by 2% to $16,395 per tonne from Thursday's 5pm price of $16,063 per tonne, after trading sideways for most...Read More
The London Metal Exchange is suspending the trading of all prompt dates from December 2021 onwards on its cash-settled alumina futures contract with immediate effect, it said on Friday April 23. The LME alumina contract was launched on March 11, 2019 and settled against Fastmarkets MB's benchmark daily fob Australia alumina index in a basket alongside CRU's alumina index. Equal weighting was...Read More
Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses all declined in the week to Friday April 23, due to consumers trucking their cargoes out before the Labour Day holiday in China, sources said.SHFE nickel stocks totaled 8,560 tonnes this week, down by 994 tonnes or 10.4% from 9,554 tonnes last Friday, data shows.The largest outflow of nickel this week left Zhongch...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Key data from Fastmarkets' Friday April 23 pricing sessions in China, Europe, India and the United States.China The seaborne low-grade manganese ore market reversed some of its five-week downtrend with buyers showing renewed interest in material offered in line with or below port prices. Buyers confirmed fresh deals at the higher end of last week's offer spread after the cheapest offers dried up....Read More
Fastmarkets' copper concentrates treatment and refining charge (TC/RCs) index rebounded for the second consecutive week on April 23, while smelters' buying activity slowed down, sources said.Few buyers were active in the spot market this week with deals for concentrate shipped in June and July settling in the low $30s, Fastmarkets heard. Read More