The latest forecasts from Fastmarkets' team of analysts are ready to view. buoyant flat steel market and rising raw material prices resulted in large price rises for welded pipe products across all regions in January 2021.Increases in the price assessments for helical submerged arc-welded (HSAW) pipes were of the magnitude of $140-190 per tonne, with the exception of Europe, where prices were...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.We spoke in our previous tracker of stainless steel prices ending 2020 on a high. That trend has continued during early 2021 and, in fact, the upward rally in prices has increased its momentum.Compared with the monthly price increase of some 5% seen at the end of 2020, prices for grade-304 stainless steel in al...Read More
Base metals prices on the London Metal Exchange were mainly weaker this morning, Monday February 8, while those on the Shanghai Futures Exchange were mostly firmer, but this comes after a strong performance on the LME on Friday, when prices closed up by an average of 1.7%.* Poor US employment report may help rescue package pass through Congress* US Treasury secretary Janet Yellen predicts the Unit...Read More
Dow Jones Industrial Average moved above 31,272.22 to an all-time high extending an intermediate uptrend. Also, its related ETF, DIA moved above $312.71 to an all-time high.Disney (DIS), a Dow Jones Industrial Average stock moved above $183.40 to an all-time high extending an intermediate uptrend.ExxonMobil (XOM), a Dow Jones Industrial Average stock moved above $51.08 extending an intermediate up...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Base metals prices on the London Metal Exchange ended the first week of February on markedly positive figures, with nickel showing a day-on-day increase of 2% on Friday February 5 and zinc rising by nearly 4% since the start of the week, on a slowdown of the US Dollar Index.Nickel's three-month price showed the biggest reaction to the Dollar Index during the day on Friday, rising by 2.1% to $18,02...Read More
Customers should be given the choice to source aluminium on a spectrum of carbon levels and defining low-carbon aluminium by a numerical threshold could have unintended consequences, London Metal Exchange chief executive officer Matthew Chamberlain told Fastmarkets. Chamberlain noted the way of defining low-carbon aluminium by a number could be disruptive and counter-productive, during Fastmarkets...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped marginally during the week to Friday February 5, with smelters continuing to stock up ahead of the Lunar New Year holidays.It is the second consecutive week that the Fastmarkets copper concentrates TC index, cif Asia Pacific has dipped below $40 per tonne / 4 cents per lb. It was calculated at $37 / 3.70 cents on Friday, compared...Read More
Brazil reported a 17.2% year-on-year decrease in alumina exports during January 2021, with the biggest reduction being in shipments from the port of Bel?(C)m, used by Norsk Hydro's Alunorte refinery, data from the ministry of economy showed on Thursday February 4.Alumina exports totaled 763,086 tonnes in January this year, down from 921,718 tonnes a year before.Export revenues reached $213.2 milli...Read More
Diversified miner South32 has declared force majeure on some shipments of South African manganese ore because of disruptions resulting from severe weather, Fastmarkets has heard.The Australia-based miner's announcement followed a similar announcement by South African state transportation provider Transnet.Transnet's force majeure notice...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
The price of shredded steel scrap imported into India and Pakistan moved down in the week to Friday February 5 as a result of poor trading conditions, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $408.73 per tonne on Friday, down from $415.83 per tonne one week earlier.A deal was heard at the start of the week at $41...Read More
Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.At least two major steelmakers were heard making inquiries for scrap with Japanese trading houses and suppliers on Friday February 5. The hive of activity comes just ahead of China's Lunar New Year holiday next week, with som...Read More
With the exception of tin, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Friday February 5, suggesting there is little appetite for follow-through selling after recent bouts of weakness. Asian-Pacific equities were stronger this morning......as was the US Dollar IndexBase metalsThree-month tin prices were down by 0.4% at $22,880 pe...Read More
Junior miner Bacanora Lithium has signed a new joint venture agreement with offtake partner Ganfeng Lithium after the latter exercised the option to increase its stake in the Sonora lithium project to 50%, it said on February 1.Chinese lithium producer Ganfeng Lithium previously owned a 22.5% stake in Bacanora's Sonora lithium project in the Sonora state of Mexico. The completion of Ganfeng L...Read More
Lithium carbonate prices in Europe and the United States as well as the seaborne Asia market rose in the week to Thursday February 4, supported by the continued uptrend in China's domestic market.China's battery-grade lithium carbonate price increased further, driven by tight spot supply despite thin trade ahead of Lunar New Year. The Asian battery-grade lithium carbonate spot price climbed 3.3% d...Read More
Chinese battery raw material supplier Beijing Easpring Material Technology Co has inked a deal with Indonesia's Halmahera Persada Lygend (HPAL) for an eight-year supply of nickel and cobalt beginning in 2021."Nickel and cobalt [resources] have becoming more and more important amid robust demand following strong sales of new energy vehicles (NEVs) globally... and the deal will help us secure a suff...Read More