Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (...Read More
European ferro-silicon prices, which have been rallying since late October, will climb further near term and potentially challenge the annual peak of ?,?1,275 per tonne on tight supply both in Europe and non-EU countries and a gradual recovery in consumption, industry sources said.Fastmarkets last assessed the price for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at ?,?1,12...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally firmer this morning, Wednesday December 16, with prices holding up in high ground, backed by optimism that vaccines will lead to stronger recoveries next year, while the weaker dollar and concerns about inflation were also supportive.* Japan’s flash manufacturing purchasing managers index (PMI) c...Read More
Soybean ETN (SOYB) moved above $18.09 extending an intermediate uptrend. NetApp (NTAP), a NASDAQ 100 stock moved above $63.20 extending an intermediate uptrend. Oracle (ORCL), an S&P 100 stock moved above $62.35 to an all-time high extending an intermediate uptrend.Synopsys (SNPS), a NASDAQ 100 stock moved above $246.69 to an all-time high extending an intermediate uptrend. Pre-opening Co...Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More
Nickel's three-month price was the star performer on Monday December 14 on the London Metal Exchange, rising by 1.7% at the 5pm close compared with Friday, on a day when the majority of the base-metals complex showed price rises of more than 1%.Nickel rose by 1.7% on Monday, the highest among the complex, to $17,590 per tonne from Friday's closing price of $17,278 per tonne.The metal also once mor...Read More
US copper miner Freeport-McMoRan and Chinese smelters including China Copper, Jiangxi Copper and Tongling Nonferrous have agreed annual copper concentrate supply contracts with terms set at their lowest levels in a decade. Treatment and refining charges (TC/RCs), discounts on exchange prices that compensate smelters processing concentrates into commodity-grade metal, were set at $59.50 per tonne /...Read More
Strength in the manganese alloy market supported portside and seaborne ore prices for January in China in the week to December 11, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose by 10 cents or 2.7% week on week to $3.87 per dry metric tonne unit (dmtu) on Friday from $3.77 per dmtu the week previous.Fastmarkets' corresponding manganese ore index 37% Mn, fob Port Elizabeth i...Read More
US copper miner Freeport-McMoRan and Chinese smelters including China Copper, Jiangxi Copper and Tongling Nonferrous have agreed annual copper concentrate supply contracts with terms set at their lowest levels in a decade. Treatment and refining charges (TC/RCs), discounts on exchange prices that compensate smelters processing concentrates into commodity-grade metal, were set at $59.50 per tonne /...Read More
The latest data for the global manganese ore market for the week ended December 14, 2020.Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More
Several minor metals prices have increased sharply in the week ended Friday December 11 following rising offers from China and higher transportation costs while uncertainty about logistics and demand in the near term are preventing some traders from taking long positions, Fastmarkets learned. "Price increases are massive... Almost all materials are currently strongly moving higher," a minor metals...Read More
Turkish deep-sea scrap import prices have continued to increase, reaching their highest point since August 2012 with a fresh Baltic Sea cargo traded over the weekend, sources said on Monday December 14.A steel mill in the Marmara region booked the Baltic Sea cargo, consisting of HMS 1&2 (80:20) at $419 per tonne and shredded at $429 per tonne cfr. The cargo composition was not clear at the time of...Read More
Base metals prices on the London Metal Exchange were mainly firmer this morning, Monday December 14, following the pullback from highs at the end of last week, but the base metals on the Shanghai Futures Exchange were mainly weaker while they followed Friday's weakness on the LME. Germany to enter a hard lockdown on Wednesday, South Korea considers raising Covid-19 restrictions to highest level.Un...Read More
Cobalt hydroxide prices and payables stretched to new highs in the week ended Friday December 11 when buyers came back to the market looking for prompt January cargoes and evaluating the availability of January-shipment material, after a lull in activity since the second half of November.Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grad...Read More
Chinese automotive production rose by 9.6% year on year in November, supporting prices of upstream materials such as steel and aluminium. Carmakers in the country produced 2.85 million units in November, up by 9.6% from a year ago and up by 11.5% from the month prior, China Association of Automobile Manufacturers said (CAAM) on Friday December 11. Auto sales totaled 2.77 million units, up by 12.6%...Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More
Prices for carbon steel plate in the United States jumped after buyers realized that they will need to wait until later in the first quarter of 2021 for spot material. Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US climbed to $36.50 per hundredweight ($730 per short ton) on Friday December 11 from $35 per cwt on December 4. The assessment has now gaine...Read More
Transaction prices for domestic steel hot-rolled coil continued to rise across Europe in the week to Friday December 11, due to tight supply from both domestic and overseas suppliers and solid demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?606.25 ($734.19) per tonne on Friday, up by ?,?31.25 per tonne week on week and by ?,?81.75 per tonne...Read More
The domestic price for rebar in Brazil increased for the sixth month in a row in December, with limited supply and persistently increasing demand continuing to support this year's price uptrend.Fastmarkets' price assessment of steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, was 3,800-3,945 Reais ($750-778) per tonne on Friday December 11, a 7.6% increase from 3,515-3,680 Reais...Read More