Prices for seaborne iron ore pellets and concentrate strengthened again in the week ended Friday November 13 amid of a recovery in demand ahead of an approaching winter in China and fewer cargoes of the former being supplied to the East Asian country, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $132.50 per tonne, up $4.84 per tonne.65% Fe blast furnace pel...Read More
China's hot-rolled coil prices edged up on Monday November 16 amid optimistic sentiment generated by upbeat economic data and the establishment of a new free-trade agreement between 15 countries in Asia-Pacific.DomesticEastern China (Shanghai): 4,050-4,080 yuan ($613-617) per tonne, widening upward by 10 yuan per tonneSources told Fastmarkets that spot prices in Shanghai had strengthened in respon...Read More
China's domestic rebar prices increased on Monday November 16 after the country's National Bureau of Statistics (NBS) released positive downstream data.DomesticEastern China (Shanghai): 4,080-4,110 yuan ($617-622) per tonne, up by 20 yuan per tonneNew construction starts by floor area in January-October fell by 2.6% on the year to 1.8 billion square meters, according to the NBS. The rate of decrea...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....Read More
The cobalt alloy 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....Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday November 13.China The Chinese silicon grade 5-5-3 export price continued to gain strength, with deals concluded at the high end of the assessed range. Exporters kept raising offers after robust domestic prices. The rise in electricity prices in southern China, a tight supply of silica and the higher...Read More
Prices and payables for cobalt hydroxide continued their upward trend last week amid buoyant trade, with Chinese buyers busily securing units arriving ahead of the Chinese New Year holiday (February 11-17, 2021). Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China rose to 80-81% of the standard-grade cobalt price (low end) on Friday November 13, up 0.3% from 79.5-81% midwee...Read More
The domestic magnesium price in China continued to climb over the past week, due to rising demand from exporters keen to load cargoes for previously signed orders amid soaring freight costs, Fastmarkets understands. Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 12,600-12,800 yuan ($1,907-1,937) per tonne on Friday November 13, an increase of 150 yuan per tonne (1.2%)...Read More
Vanadium prices in Europe jumped in the week ended Friday November 13, with spot market interest increasing and the alloy market trading close to a two-month high.Fastmarkets' latest assessment of the price for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe, was $24.00-24.90 per kg on Friday, narrowing upward from the mid-week assessment of $23.50-24.90 per kg but still down from i...Read More
Markets were generally buoyant this morning, Tuesday November 17, following news that a second coronavirus vaccine is showing good results, which is underpinning many equity indices at or near record highs, although the base metals on the London Metal Exchange were consolidating.* Asian Pacific equities were mainly higher, following gains on major western equity indices on Monday...* ...but major...Read More
Royal Bank (RY), a TSX 60 stock moved above $101.71 resuming an intermediate uptrend. Pre-opening Comments for Tuesday November 17thU.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures were virtually unchanged following release of October Retail Sales at 8:30 AM EST. Consensus was an increase of 0.5% versus a gain of 1....Read More
Here are five Fastmarkets stories you might have missed on Friday November 13 that are worth another look.Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on November 13.Chilean copper producer Codelco has decided to extend...Read More
Here are five Fastmarkets stories you might have missed on Friday November 13 that are worth another look.Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on November 13.Chilean copper producer Codelco has decided to extend...Read More
Here are five Fastmarkets stories you might have missed on Friday November 13 that are worth another look.Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on November 13.Chilean copper producer Codelco has decided to extend...Read More
Here are five Fastmarkets stories you might have missed on Friday November 13 that are worth another look.Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on November 13.Chilean copper producer Codelco has decided to extend...Read More
Here are five Fastmarkets stories you might have missed on Friday November 13 that are worth another look.Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on November 13.Chilean copper producer Codelco has decided to extend...Read More
Here are five Fastmarkets stories you might have missed on Friday November 13 that are worth another look.Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on November 13.Chilean copper producer Codelco has decided to extend...Read More
Copper moved above $3.218 per lb. to a 29 month high extending an intermediate uptrend. Walmart (WMT), a Dow Jones Industrial Average stock moved above $151.33 to an all-time high extending an intermediate uptrend.Aerospace & Defense ETF (PPA) moved above $64.03 resuming an intermediate uptrend. Pre-opening Comments for Monday November 16thU.S. equity index futures were higher this mornin...Read More
Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on Friday November 13.Tata Steel has also initiated the process of splitting its main European operations - Tata Steel Netherlands and Tata Steel UK - with the aim of pursuing separate strategic paths for the two businesses. "Tata Steel...Read More
Continued growth in China's automotive sales and output during October has underpinned prices for some key upstream raw materials.China produced a total of 2.55 million vehicles last month, an increase of 11% from a year earlier, according to data released by the China Association of Automobile Manufacturers (CAAM) on Wednesday November 11. This marked the seventh consecutive month that both outpu...Read More