Fastmarkets is proposing to launch a new daily China ferrous scrap import price assessment to enhance its growing editorial coverage of the Asian market for the steelmaking raw material.The new assessment will be for heavy scrap classified under the Chinese standard HRS101. HRS101 is a grade of cut structural and plate scrap which - outside of China - fits under the category of plate and structura...Read More
China's domestic rebar prices softened on Wednesday January 6 amid lower trading activity due to forecast adverse weather.DomesticEastern China (Shanghai): 4,490-4,520 yuan ($696-700) per tonne, down by 10-20 yuan per tonneA cold wave has been forecast for central and eastern China between late on Wednesday and Friday, which resulted in a drop in construction activity and demand for rebar. A cold...Read More
Markets seem to be anticipating a Democratic win in the Georgia Senate run-off this morning, Wednesday January 6, and that could be bullish for commodities because a Democratic-controlled US Congress could push through larger fiscal stimulus packages.A Democratic-controlled Congress could, however, cause some headwind for some sectors of the equity markets, although those involved in the rollout o...Read More
Cobalt metal prices in-whs Rotterdam rose in the first half of the week, with news of stockpiling activity in China spurring a flurry of activity and sellers holding offers firm in anticipation of further price increases. An alloy grade premium to the standard grade international benchmark emerged at the beginning of the week with higher price indications for alloy grade underpinned by tighter ava...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina...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, in-whs Rotterdam, $/lb at 16.00-16.50 on Wednesday January 06, 2021.Sale...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 assessed Cobalt alloy grade, in-whs Rotterdam,...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More
Cobalt metal and salts prices in China rose in the first half of the week with some suppliers holding back from sales amid tightened supply and in anticipation of a further price rally. Metal suppliers in China succeeded in filtering through higher offers so far this week on the back of optimism for another round of stockpiling from China's State Reserve Bureau (SRB) and the resultant spot su...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 6. Key drivers The European ferro-titanium market was quiet in the first week of domestic business of the year with only around 30-40 tonnes of alloy traded in Europe within the current price assessment range.There were reports of increased buying interest from Asia and North America. European suppliers report a tender for...Read More
Despite violence in the United States’ capital city, the markets remained upbeat with nickel this morning, Thursday January 7, joining copper and tin to set fresh new multi-month highs, but gold prices have turned lower.* Asian-Pacific equities generally upbeat, along with pre-market western equity index futures as the US Democrats win the Senate* US 10-year treasury yields continue to rise B...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 5 that are worth another look.Russia's government has done as was expected and has approved an increase in the export duty to be applied to ferrous scrap for the next six months.London Metal Exchange...Read More
Three-month LME copper and tin prices continued to rise on Tuesday January 5, with the red metal coming close to its 2020 high, on a day when the rest of the base metals all saw increases, supported by a low US Dollar Index.Copper's three-month price settled at $8,002 per tonne on Tuesday at the 5pm close, just a few dollars short of the metal's 2020 high of $8,028 per tonne reached on Decemb...Read More
London Metal Exchange spreads are usually a key driver for duty-unpaid aluminium premiums in Europe but this was not the case toward the end of 2020, leaving market participants wondering what will be main driver in 2021. Since late November, the Rotterdam duty-unpaid premium has been steadily rising despite spreads trading at levels that would usually bring it down. Fastmarkets assessed the ...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 5 that are worth another look.Russia's government has done as was expected and has approved an increase in the export duty to be applied to ferrous scrap for the next six months.London Metal Exchange...Read More
Peru reported a year-on-year increase in both zinc and tin production during November 2020, while output of copper and lead fell on the same basis of comparison, the country's ministry of energy and mines, Minem, said on Tuesday January 5.Copper output was down from a year before but remained close to the highest levels seen through 2020, the data showed. Production hit 206,387 tonnes in November,...Read More
Chile's output of copper decreased by 3% year on year in November 2020 amid a drop in volumes from large mines such as Escondida and Collahuasi, national copper commission Cochilco said on Tuesday January 5.Production in Chile totaled 485,100 tonnes during November, down from 500,100 tonnes a year earlier, data from Cochilco showed.Government restrictions to fight the Covid-19 pandemic in Chile re...Read More
An overview of the chrome ore and alloy markets on Tuesday January 5 and their latest price moves. China Tsingshan and Baosteel increased their ferro-chrome tender prices by $31 per tonne for January. Market sentiment was propelled higher after ferro-chrome producers adjusted up their offer prices. The imported ferro-chrome price surged...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 5 that are worth another look.Russia's government has done as was expected and has approved an increase in the export duty to be applied to ferrous scrap for the next six months.London Metal Exchange...Read More