The seaborne prices of both low- and high-grade manganese ore rose sharply in the week ended Friday January 8 after miners successfully raised their offer prices for February shipments with strong buying appetite from the alloy sector. Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by 41 cents (10%) week on week to $4.53 per dry metric tonne unit (dmtu) on Friday from $4.12 per d...Read More
After further weakness in the base metals on Monday January 11, that saw the complex close down by an average of 1.5%, prices were up across the board on the London Metal Exchange this morning. But those on the Shanghai Futures Exchange were down while they followed yesterday’s performance on the LME.* Asian-Pacific equities were mixed this morning* Gold prices were rebounding this morning, a...Read More
AbbVie (ABBV), an S&P 100 stock moved above $67.00 to an all-time high extending a long term uptrend.Xcel Energy (XEL), a NASDAQ 100 stock moved below $63.91 extending an intermediate downtrend. General Motors (GM), an S&P 100 stock moved above $46.71 extending an intermediate uptrend. O'Reilly Automotive (ORLY), a NASDAQ 100 stock moved above $487.95 to an all-time high extending an inter...Read More
Here are five Fastmarkets stories you might have missed on Friday January 8 that are worth another look.ArcelorMittal has increased its official spot offer prices for coil products across Europe by ?,?30-50 ($37-61) per tonne effective immediately, sources told Fastmarkets on January 8.Freight Investor...Read More
Here are five Fastmarkets stories you might have missed on Friday January 8 that are worth another look.ArcelorMittal has increased its official spot offer prices for coil products across Europe by ?,?30-50 ($37-61) per tonne effective immediately, sources told Fastmarkets on January 8.Freight Investor...Read More
Here are five Fastmarkets stories you might have missed on Friday January 8 that are worth another look.ArcelorMittal has increased its official spot offer prices for coil products across Europe by ?,?30-50 ($37-61) per tonne effective immediately, sources told Fastmarkets on January 8.Freight Investor...Read More
Here are five Fastmarkets stories you might have missed on Friday January 8 that are worth another look.ArcelorMittal has increased its official spot offer prices for coil products across Europe by ?,?30-50 ($37-61) per tonne effective immediately, sources told Fastmarkets on January 8.Freight Investor...Read More
Here are five Fastmarkets stories you might have missed on Friday January 8 that are worth another look.ArcelorMittal has increased its official spot offer prices for coil products across Europe by ?,?30-50 ($37-61) per tonne effective immediately, sources told Fastmarkets on January 8.Freight Investor...Read More
Here are five Fastmarkets stories you might have missed on Friday January 8 that are worth another look.ArcelorMittal has increased its official spot offer prices for coil products across Europe by ?,?30-50 ($37-61) per tonne effective immediately, sources told Fastmarkets on January 8.Freight Investor...Read More
Base metals prices were for the most part weaker during morning trading on Monday January 11, while the dollar was firmer in line with strong US treasury yields.Asian-Pacific equities were mixed, while pre-market major western equity index futures were weakerBase metalsThree-month base metals prices on the London Metal Exchange were for the most part weaker this morning, the exceptions were lead (...Read More
Biogen (BIIB), a NASDAQ 100 stock moved above $254.00 and $254.41 completing a base building pattern.Lockheed Martin (LMT), an S&P 100 stock moved below $334.78 setting an intermediate downtrend. Pre-opening Comments for Monday January 11thU.S. equity index futures were lower this morning. S&P 500 futures were down 27 points in pre-opening trade. The U.S. Dollar moved higher in overn...Read More
Aluminium primary foundry alloy (PFA) premiums in the United States and Germany climbed on Friday January 8 as demand outpaced limited supply in those countries. United StatesFastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 8.5-10 cents per lb on Friday, up by 19.4% from 7-8.5 cents per lb last month.The premium is at its hi...Read More
An overview of the new energy raw materials markets and their latest price moves in the past week.Read More
Three-month zinc and nickel both fell by more than 2% on Friday January 8, with the LME base metals ending the week with pullbacks from the highs reached in the first days of 2021 after a US Dollar Index rebound.Zinc's three-month price was down 2.6% at the 5pm close on Friday at $2,813.50 per tonne, compared with Thursday's closing price of $2,888 per tonne. Nevertheless, the...Read More
An overview of the new energy raw materials markets and their latest price moves in the past week.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 8. China Seaborne prices for both low- and high-grade ore soared after miners successfully raised their February offer prices following recent increases in the portside ore market. Bullishness in the alloy sector and yuan appreciation spurred buyers' purchasing appetite. Portside...Read More
Alumina exports from Brazil continued to grow in December, contributing to higher volumes in full-year 2020, while Alunorte, the world's largest refinery, recovered its capacity usage throughout the year, data from the country's economy ministry showed on Thursday January 7.Brazilian alumina exports totaled 864,533 tonnes in December, up by 58.6% from 545,095 tonnes in the corresponding period of...Read More
Spot trading of copper concentrates was quiet in the last week of December 2020, with fewer purchases by both smelters and traders.Fastmarkets' copper concentrate treatment and refining charges (TC/RCs) dropped slightly, with offers for copper concentrates to smelters remaining in the mid to high $40s per tonne, while smelters bid $50 per tonne for clean qualities. A combo deal of Bisha and clean...Read More
An overview of the new energy raw materials markets and their latest price moves in the past week.Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey in London, Ruby...Read More