Key data from Fastmarkets' pricing session in London on Friday March 26.Key drivers: Antimony edged down this week for the first time since July 2020. Some market participants reported significantly lower offers for prompt availability in Europe with some traders destocking material for profit-taking. This was in line with falling prices in China too. The picture is mixed, however, with offers and...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...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...Read More
Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year's absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29. The company announced the restart of its nickel production on networking website LinkedIn on Friday. "After a shutdown of approximately one year due to health and safety considerations rel...Read More
Key data from Fastmarkets' pricing session in China on Friday March 26.Key drivers Chinese silicon exporters lowered their offers in line with the softer prices in the domestic market after leading producers cut their offers; deals and...Read More
In Europe, ferro-silicon suppliers will be targeting ?,?1,600 per tonne in the next few weeks after the market hit ?,?1,550 ($1,828) per tonne on Friday March 26 for the first time since April 2018 in a recent resumption of a longer-term uptrend since last August when prices were as low as ?,?860 per tonne, sources said.Producers are almost all sold out for deliveries between April and June and ar...Read More
Click here to download Base Metals Weekly DataDISCLAIMER - IMPORTANT PLEASE READ CAREFULLY This Disclaimer is in addition to our Terms and Conditions as available on our website and shall not supersede or otherwise affect these Terms and Conditions. Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable....Read More
Apart from aluminium, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Tuesday March 30, with broader markets also firmer having partially shook off, for now, contagion worries from last week’s hedge fund troubles.* US Treasury 10-year yields jump higher again* Weakness in gold prices and stronger bond yields suggest market is no...Read More
Moderna (MRNA), a NASDAQ 100 stock moved below $121.12 setting an intermediate downtrend.Silver Miners ETF (SIL) moved below $38.75 extending an intermediate downtrend. First Majestic Silver (AG) moved below US$15.13 extending an intermediate downtrend. Junior Gold Miners ETF (GDXJ) moved below $44.00 extending an intermediate downtrend. Pre-opening Comments for Tuesday March 30thU.S. equity...Read More
Here are five Fastmarkets stories you might have missed on Friday March 26 that are worth another look.The rapid increase in Covid-19 infections in Brazil, a shortage of auto parts and the decision by authorities to bring holidays forward prompted at least four more Brazilian automakers to suspend their production...Read More
Here are five Fastmarkets stories you might have missed on Friday March 26 that are worth another look.The rapid increase in Covid-19 infections in Brazil, a shortage of auto parts and the decision by authorities to bring holidays forward prompted at least four more Brazilian automakers to suspend their production...Read More
Here are five Fastmarkets stories you might have missed on Friday March 26 that are worth another look.The rapid increase in Covid-19 infections in Brazil, a shortage of auto parts and the decision by authorities to bring holidays forward prompted at least four more Brazilian automakers to suspend their production...Read More
Here are five Fastmarkets stories you might have missed on Friday March 26 that are worth another look.The rapid increase in Covid-19 infections in Brazil, a shortage of auto parts and the decision by authorities to bring holidays forward prompted at least four more Brazilian automakers to suspend their production...Read More
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday’s LME performance.* Market focused on further potential fallout from troubled hedge fund after a mass liquidation on Friday* Ever Given ship re-floated in Suez Canal* United States President Joe...Read More
Dollar Tree (DLTR), a NASDAQ 100 stock moved above $115.45 extending an intermediate uptrend.Pre-opening Comments for Monday March 29thU.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade.Boeing gained $6.61 to $251.48 after Sourthwest Airlines placed new orders for 100 Boeing 737 Max 7 jets. Twitter advanced $1.31 to $62.57 after Truist r...Read More
The rapid increase in Covid-19 infections in Brazil, a shortage of auto parts and the decision by authorities to bring holidays forward prompted at least four more Brazilian automakers to suspend their production sites in the week to Friday March 26, Fastmarkets understands. Renault, Daimler under its Mercedes-Benz brand, Nissan and Toyota are the latest manufacturers to announce a suspension of a...Read More
The Hybrit joint venture in Scandinavia is to build the world's first production plant for fossil-free direct-reduced iron (DRI) in G??llivare, Sweden.Set up by Swedish steelmaker SSAB, and two state-owned entities - iron ore producer LKAB and energy group Vattenfall - Hybrit's demonstration plant will be ready to produce 1.3 million tonnes of fossil-free DRI in 2026, the companies said this...Read More
China exported 1.81 million tonnes of hot-rolled coil in the first two months of 2021, an increase of 150% from the same year-earlier period, according to the country's customs data.Vietnam was the biggest buyer of Chinese HRC in January and February with 709,228 tonnes, accounting for 39% of China's total exports. China's exports of hot-dipped galvanized flat steel also exceeded one million tonne...Read More
The Shanghai Futures Exchange's plans to list ferro-chrome futures, potentially this year, will bring welcomed hedging opportunities and may weaken the dominance of China's stainless steel mills in the ore and alloy markets, participants told Fastmarkets.While no definite date or specifications of the ferro-chrome futures have been announced, Fastmarkets asked participants what changes these contr...Read More
Usually after a London Metal Exchange discussion paper there is a decent idea of what the outcome is likely to be. But this time around, it seems much harder to tell which path the LME will take. The proposals under debate include the permanent closure of the exchange's open outcry trading floor, known as the ring, which dates back to 1877. They also include the incentivization of electronic trade...Read More