Seaborne coking coal prices were largely steady on Monday April 5 amid an absence of buyers in China due to the country observing a public holiday for the annual Tomb-Sweeping Day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.04 per tonne, up $0.36 per tonnePremium hard coking coal, cfr Jingtang: $214.21 per tonne,...Read More
Prices for seaborne iron ore pellets and concentrate rose in the week ended Thursday April 1 amid ongoing steelmaking restrictions to cut emissions in China's Tangshan region, sources said.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $197.90 per tonne, up $9.77 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $221.84 per tonne, up $1.00 per tonne Key driversThe steelmaking restr...Read More
Fastmarkets opened a consultation on January 29, 2020, inviting feedback on its iron ore index methodologies in line with our annual methodology review process.The consultation was extended for a further month from March 3.The consultation sought to ensure that the specifications and methodology for our iron ore pricing continue to reflect the physical market. This includes all elements of our pri...Read More
Fastmarkets is proposing amendments to the specifications of its index for iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne (MBIOI-PT).Following feedback received under its open consultation on iron ore index methodologies, Fastmarkets is proposing a widening of the maximum ranges for two impurity components in its index for iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne (MBI...Read More
Wheaton Precious Metals (WPM), a TSX 60 stock moved above $US40.37 completing a reverse Head & Shoulders pattern. Kinross Gold (KGC), a TSX 60 stock moved above $US7.14 completing a double bottom pattern.Medtronic (MDT), an S&P 100 stock moved above $119.92 to an all-time high extending an intermediate uptrend. Micron (MU), a NASDAQ 100 stock moved above $95.75 to an all-time high extendin...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
EAFE iShares (EFA) moved above $77.17 to an all-time high extending an intermediate uptrend. NextEnergy (NEE), an S&P 100 stock moved above $76.34 completing a double bottom pattern. Alphabet moved to an all-time high extending an intermediate uptrend. GOOG moved above $2,152.68 and GOOGL moved above $2145.14NXP Semiconductor (NXPI), a NASDAQ 100 stock moved above $76.34 to an all-time high ex...Read More
China's leading stainless steel producer, Tsingshan Group, has cut its ferro-chrome tender price for April delivery by 351 yuan ($53.43) per tonne from the previous month.The eastern China-based mill set its high-carbon ferro-chrome tender price at 8,545 yuan per tonne for April delivery on Thursday April 1. The latest tender price marks a decrease of 3.95% from the 8,896 yuan per tonne it offered...Read More
Zinc producer Trevali has begun trucking ore concentrate at its mothballed Caribou mine in the Canadian province of New Brunswick, the company said on Tuesday March 30.The activity follows the producer reopening the Caribou mine in mid-January. It had been on care and maintenance from March 2020.The Caribou mine's last full year of activity was 2019, when it recorded 34,017 tonnes of zinc producti...Read More
China is signaling a new stance on environmental inspections and production curbs with a new policy which will see inspectors trawling the steel sectors in eight provinces.Inspectors will visit Shanxi, Liaoning, Anhui, Jiangxi, Henan, Hunan, Guangxi and Yunan to ensure that China continues to meet environmental protection policies and reduce emissions as well as checking the performance and implem...Read More
China's leading stainless steel producer, Tsingshan Group, has cut its ferro-chrome tender price for April delivery by 351 yuan ($53.43) per tonne from the previous month.The eastern China-based mill set its high-carbon ferro-chrome tender price at 8,545 yuan per tonne for April delivery on Thursday April 1. The latest tender price marks a decrease of 3.95% from the 8,896 yuan per tonne it offered...Read More
Base metal stocks in Shanghai Futures Exchange-registered warehouses diverged during the week to Friday April 2, with lead gaining the most, the exchange's latest stocks report showed.Lead stocks increased to 46,261 tonnes, up by 3,589 tonnes from 42,672 tonnes last week - an increase of 8.4%.Zhejiang Tianchuan warehouses had the largest inflow - stocks...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.Fastmarkets...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...Read More
It is shaping up to be a year of significant deficit in the copper market as tighter-than-expected supply struggles to keep up with a radically improved demand outlook, the chief executive officer of diversified mining company Eurasian Resources Group (ERG) said.This demand is underpinned by unprecedented levels of so-called green stimulus as economies rebuild infrastructure to take account of dec...Read More
Low-carbon aluminium value-added products continue to trade at a small premium in Europe, though such premiums are not achievable for primary aluminium, participants told Fastmarkets.Fastmarkets assessed aluminium low-carbon differential value-added product, Europe at $10-15 per tonne on Thursday April 1 from $5-15 per tonne premium on March 5. Deals were reported to Fastmarkets for aluminium...Read More