Prices for seaborne iron ore concentrate and pellets inched up in the week to Friday November 27 amid increased demand for concentrate and tightened supply of pellets, market sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $138.07 per tonne, up $0.68 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $158.77 per tonne, up $0.81 per tonne.Key driversMarket sou...Read More
The Standardization Administration of China approved on Sunday November 29 new domestic steel scrap classification standards that are expected to be rolled out by the end of this year, replacing the previous standards.The standard-making committee had released a draft of the new standards for ferrous and stainless scrap late last month.The new specifications are as follows:Heavy recycled steel mat...Read More
Key data from Fastmarkets' pricing session on Monday November 30.Key drivers Some sellers see briquettes trading at a premium to other metal products but consumers cannot accept such levels, given the additional processing costs...Read More
The tantalum concentrate market rebounded on Friday November 27, after hitting its lowest level so far in 2020 last week, due to a return of some consumer activity in the spot market. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $50-55 per lb on Friday, up from the previous week's assessment of $48-50 per lb. The market is now trading at its highest in two mo...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
Key data from Fastmarkets' pricing session in China on Friday November 27.Key drivers Chinese exporters continued to raise their offer prices for silicon grade 5-5-3 following a strengthening of the domestic market amid tight prompt supply. Some exporters temporarily withdrew from the market because they did not know how to price the material given the soaring domestic prices, while others said th...Read More
The majority of cobalt contract negotiations have yet to be finalized because the Covid-19 pandemic has rattled end-user markets and created a lack of visibility for demand in 2021, Fastmarkets has heard.After the pandemic ravaged global economies and markets, it is no surprise that contract negotiations look different this year - delayed, drawn out or yet to begin.The lockdowns enforced by nation...Read More
Base metals prices on the London Metal Exchange were once again mainly stronger this morning, Tuesday December 1, helped by strong Chinese Caixin manufacturing purchasing managers’ index (PMI) data, but Shanghai Futures Exchange prices were more polarized.* Chinese Caixin manufacturing PMI climbed to 54.9 in November, up from 53.6 in October* Japan’s manufacturing PMI climbed to 49 in No...Read More
ETF tracking the S&P 500 Index (SPY) moved above $364.38 to an all-time high extending an intermediate uptrend.NASDAQ Biotech ETF (IBB) moved above $146.46 to an all-time high extending an intermediate uptrend. TSX Technologies iShares (XIT.TO) moved above $43.34 to an all-time high extending an intermediate uptrend. Pfizer (PFE), a Dow Jones Industrial stock moved above $40.40 extending an in...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Base metals prices were mainly stronger this morning, Monday November 30, helped by strong Chinese manufacturing purchasing managers’ index (PMI) data and a weaker dollar, but some of the metals are starting to look tired.Chinese manufacturing PMI climbed to 52.1 in November, up from 51.4 in October. The non-manufacturing PMI climbed to 56.41 in November, up from 56.2 in October.Base met...Read More
Xilinx (XLNX), a NASDAQ 100 stock moved above $137.99 to an all-time high extending an intermediate uptrend. Germany iShares (EWG) moved above $30.75 to a 33 month high extending an intermediate uptrend. Pre-opening Comments for Monday November 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. The U.S. Dollar Index continued m...Read More
Copper's three-month price was the star performer on Friday November 27, rising by nearly 4.5% from Monday's closing price, with most other base metals managing to set fresh year-to-date highs. Copper's 5pm closing price was $7,499.50 per tonne on Friday, rising by 1.3% day on day and up 4.48% from Monday's closing price of $7,117.50 per tonne.Earlier in the day it&nb...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More