Here are five Fastmarkets stories you might have missed on Friday January 22 that are worth another look.Import prices for flat-rolled steel in South America softened in the week ended January 22 with some Chinese mills accepting lower bids from clients.Base metals producer Vedanta Resources is seeking a sales...Read More
Base metals prices on the London Metal Exchange were mainly lower this morning, Tuesday January 26, but those on the Shanghai Futures Exchange were more mixed.Concerns that the US relief package may be delayed and a warning from a Chinese central bank official of asset bubbles have dampened the mood.Asian-Pacific equities were weaker this morning. And the yield on US 10-year treasuries declined, s...Read More
Fox (FOXA), a NASDAQ 100 stock moved above $32.18 and $32.51 resuming an intermediate uptrendMicrosoft (MSFT), a Dow Jones Industrial Average stock moved above $232.25 to an all-time high extending an intermediate uptrend. Dollar Tree (DLTR), a NASDAQ 100 stock moved below $105.31 completing a double top pattern.Yamana Gold (YRI), a TSX 60 stock moved below $6.38 extending an intermediate downtren...Read More
(Updates prices) LONDON, Jan 25 (Reuters) - Tin rose to its highest since2014 on Monday after a shortfall of the metal used in solder toconnect components in electronic devices pushed up prices for 12straight weeks.The premium on the London Metal Exchange (LME) for tin thatcan be quickly delivered has ballooned as stockpiles in theexchange's warehouse system near record lows. Benchmark LME tin was...Read More
Here are five Fastmarkets stories you might have missed on Friday January 22 that are worth another look.Import prices for flat-rolled steel in South America softened in the week ended January 22 with some Chinese mills accepting lower bids from clients.Base metals producer Vedanta Resources is seeking a sales...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer on Monday January 25, after having dipped on Friday – optimism over US President Joe Biden’s $1.9 trillion fiscal stimulus plan was outstripping the worrying news about the new Covid-19 cases in China.Asian-Pacific equities and major western pre-market equity index futures were str...Read More
JD.com (JD), a NASDAQ 100 stock moved above $96.20 to an all-time high extending an intermediate uptrend. Nike (NKE), a Dow Jones Industrial Average stock moved below $138.32 completing a double top pattern. Incyte (INCY), a NASDAQ 100 stock moved above $98.47 extending an intermediate uptrend.CSX (CSX), a NASDAQ 100 stock moved below support at $87.39.Electronic Arts (EA), a NASDAQ 100 stock move...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
A summary of the 2020 fourth-quarter (October-December) operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States.In brief In the fourth quarter, sales to the domestic market dropped to 2.58 million tonnes, down 7% from 2.77 million tonnes in the previous quarter amid lower steel product sales in Russia. Flat steel sal...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.Brazil-based miner Vale and Japanese trading company Mitsui have signed a heads-of agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC)...Read More
A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper. The goal is to incentivize trade on the exchange's electronic trading platform, LMESelect, and is proposed to be achieved by cutting fees to trade electronically while raising fees for the telephone market by around 5...Read More
The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More
Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor. The closure of the floor, now entering its 144th year, has been proposed in a discussion paper issued by the exchange earlier on Tuesday January 19.The open outcry floor may be old, but it didn't appear to have serious underlying health issues. It has successfully fought back against talk it was set to...Read More
The London Metal Exchange base-metals complex finished the week to Friday January 22 on a broadly positive note, with most metals prices up from their Monday levels, albeit trading sideways from Thursday.Tin's three-month price showed the biggest rise of the week from Monday's closing price. Friday's 5pm price was $21,960 per tonne, up by 2.4% from Monday's closing price of $21,235 per tonne, but...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago. What you need to know High swells in Chile causing disruptions to January shipments there. Smelters in China continue to buy at lower levels, especially for March. Traders continue sharp bets on small tonnages tendered...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Key data from Fastmarkets' pricing sessions in the week ended Friday January 22, in China, Europe and the United States.China Both domestic spot prices and export prices rose again, to their highest levels since March 2018. Bullish sentiment extended, with steel mills restocking ahead of the country's Spring Festival (February 11-17). Futures prices have softened in the past week, but the latest p...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 22.USAThe US manganese alloys markets continued their uptrend this week while thin available inventory and renewed demand strength continue to drive price strength.Lagging US imports and global production cutbacks have been credited with creating the present shortage of material on the groun...Read More
The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago. What you need to know High swells in Chile causing disruptions to January shipments there. Smelters in China continue to buy at lower levels, especially for March. Traders continue sharp bets on small tonnages tendered...Read More