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 assessed Cobalt...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
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and pauses are attracting further buying, with tin and nickel leading on the upside.US equity futures and many Asian-Pacific equity indices are setting record or multi-decade highs.Base metalsThree-month base metals prices on the LME were up by an a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for December U.S. Housing Starts was an increase to 1.560 million units from 1.547 million units in November. Actual was 1.669 million units . Consensus for Weekly Jobless Claims was a drop...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 19.Please click...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
A summary of base metals premiums from across the globe for the week to Tuesday January 19.Please click...Read More
An overview of the chrome ore and alloy markets on Tuesday January 19 and their latest price moves.China The upward momentum in Chinese domestic spot ferro-chrome prices continued after many smelters in Inner Mongolia downsized their operations, pushing the market to a two-and-half-year high.In response to supply tightness, the imported charge chrome market also soared, with buyers scrambling...Read More
Chilean copper producer Codelco's board of directors has approved a $1.24 billion investment in the expansion of its El Teniente facility just south of the capital, Santiago, the state-owned copper producer said on Tuesday January 19.Those capital expenditures represent the total budget estimated for the Diamante and Andesita projects, and will be spent together with another $1.93 billion, already...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect. The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policie...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
Mexican steel scrap prices skyrocketed in the week ended Friday January 15, with steelmakers struggling with low inventories and increasing their buying prices to secure supply.In both regions where prices are assessed by Fastmarkets, major scrap consumers applied price increases early last week, and some applied a second increase between January 15 and 18.In the region near the northern city of M...Read More
Turkish deep-sea scrap import prices have gone down once again in the latest trade heard for a US-origin cargo, sources said on Tuesday January 19.A steel mill in the Marmara region booked a US cargo, comprising 6,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 22,000 tonnes of shredded and 1,500 tonnes of bonus at $460 per tonne cfr. The deal was agreed on January 16, with the cargo scheduled to...Read More
The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect. The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policie...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process. The rebound in the dollar in recent weeks seems to be acting as a headwindBase metals Three-month base metals prices on the LME were mixed this morning, with aluminium, nickel and lead weaker and down by an...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
Hot-rolled coil prices in the United States held steady while buyers continued to struggle in their quest for spot tonnage at the domestic mills. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.86 per hundredweight ($1,137.20 per short ton) on Tuesday January 19, little-changed from $56.92 per cwt on the prior business day - Friday January 15 - and an increas...Read More
The domestic price for hot-rolled coil in Northern Europe inched down day on day on Tuesday January 19 due to slow market activity, sources told Fastmarkets. Both buyers and steelmakers have been holding back from making new deals, according to market participants. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?719.00 ($868.00) per tonne on Tuesda...Read More