The Singapore Exchange's (SGX) 65% Fe iron ore derivatives contract - which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao - set a new record for traded volumes at 6.19 million tonnes so far in January, SGX data - published on Monday January 25 - shows.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $169.16 per tonne, down $0.81 per tonne62...Read More
Prices for seaborne iron ore concentrate increased again in the week ended Friday January 22, supported by tight supply and strong demand for high-grade products amid steelmaking restrictions to cut emissions.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $194.69 per tonne, up $1.35 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $229.26 per tonne, down $0.02 per tonne.Key driver...Read More
China's hot-rolled coil prices weakened on Monday January 25, with trading activity slowing down ahead of the Chinese New Year.DomesticEastern China (Shanghai): 4,430-4,470 yuan ($684-690) per tonne, down 10-30 yuan per tonneA Shanghai-based trader said most sellers in the city were offering cargoes at around 4,430 yuan per tonne in the morning, before raising these offers to as high as 4,470 yuan...Read More
Tin and lead's forward prices on the London Metal Exchange had the biggest gains of Monday January 25, with the prospect of a Covid-19 economic stimulus being passed in the United States overshadowing concerns over the extension of lockdowns elsewhere in the world. Tin's three-month price rose by 1.8% on Monday at 9am to $22,360 per tonne, from Friday's closing price of $21,960 per tonne. The pric...Read More
Traxys will market the share of cobalt metal that Wheaton Precious Metals receives from its streaming agreement with Brazil-based miner Vale, Fastmarkets understands.The Traxys deal became effective this month. Canada-based Wheaton is entitled to receive finished cobalt equivalent to 42.4% of future production from Vale's Voisey's Bay mine in the eastern Canadian province of Labrador, under a stre...Read More
Delays to material shipments from China and tightening availability in Europe continued to push manganese flake prices to new highs in the week to Friday January 22.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam climbed 1.6% to $2,800-2,940 per tonne on Friday January 22, up from $2,750-2,900 per tonne mid-week when prices had moved up to that lev...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 Cobalt standard grade,...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 applies.Fastmarkets...Read More
Severe logistical hurdles continue to affect the main seaborne shipping routes out of China, with prohibitively high container freight costs persisting and recent land transport issues adding to the congestion and delays at ports.The continuing shortage of container and vessel space at Chinese main ports has not eased off so far in January, with market participants active in minerals and metals tr...Read More
Key data from Fastmarkets' pricing session in London on Friday January 22.Key drivers Antimony prices in Europe continued to rally on support from price increases in China - which controls the vast majority of the global supply - and added to shipping delays and the antimony ore shortage. Since 2021 started, the metal has already risen by 18.7% for max...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 22.United StatesThe 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 o...Read More
European traders of manganese alloys have been busy in the past couple of weeks, boosting prices of silico-manganese by almost 20% and of high-carbon ferro-manganese by 10% ahead of expected renewed consumer demand in February, according to trade sources and available industry data. Traders have been gearing up for increased consumer demand since December when European steelmakers saw a surprising...Read More
Key data from the Friday January 22 pricing session in London. Key drivers Prices for ferro-molybdenum and molybdic oxide make small gains after bottoming out midweek. Oxide prices briefly dipped below $10 per lb earlier in the week, triggering renewed buyer interest....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 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