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 assessed Cobalt standard grade, in-whs...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...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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
Markets were mixed this morning, Wednesday September 2, with base metals prices on the London Metal Exchange little changed, the dollar was firmer and Asian-Pacific equities, as well as pre-market major western equity index futures, were stronger too. The main supporting factor seems to be Tuesday's manufacturing purchasing managers' index (PMI) data that for the most part showed robust recoveries...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 2. Key drivers Tighter availability of scrap and market expectations of price increases by the end of the month have encouraged some scrap suppliers to withhold material from prompt sales to get higher prices later. A slump in aerospace production has resulted in lower scrap supplies, although that has yet to b...Read More
Markets were mixed this morning, Thursday September 3, with the base metals prices on the London Metal Exchange generally firmer, albeit in fairly light volumes.Markets are still underpinned by the prospect of more stimulus from the United States, once Congress can agree on a figure, but some of the metals are starting to look a bit tired* China’s Caixin services purchasing managers’ ind...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM. Consensus for second estimate of second quarter Non-farm Productivity was an increase to 7.5% from 7.3%. Actual was an increase to 10..1%. Consensus for the July U.S. Trade Deficit was $58.0 billion ver...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
Aluminium premiums in Europe and Asia rose on Tuesday September 1 due to improving fundamentals and a consistently wide contango on the London Metal Exchange, while the premium in the United States fell ahead of a national holiday next week. Stronger demand and a wide contango help to boost premiums in EuropeHigher fourth-quarter premiums and domestic demand support increases i...Read More
Three-month base metals prices on the London Metal Exchange were broadly trending upward during the afternoon session on Tuesday September 1, rallying on better data for the China purchasing managers' index (PMI) and a weak US dollar.The base-metals complex continued its recent macro-following trend on Tuesday, rising on hopes of greater Chinese demand with the region's manufacturing figures going...Read More
Zinc concentrate treatment charges (TCs) continued its upward trend in August with smelters reluctant to accept lower offers, while lead concentrate TCs fell sharply in response to supply tightness. Fastmarkets assessed the zinc spot concentrate TCs, cif China at $170-190 per tonne on Friday August 28, rising by $5 from the previous range of $165-185 per tonne at the end of July. Offers of zi...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
Ferrous scrap prices in Mexico were mostly unchanged in the week ended Friday August 28 amid steady demand, particularly in the country's central region.No major price changes were announced, with some market participants still adjusting to price increases in earlier weeks.Fastmarkets' assessment of steel scrap No1 busheling, consumer buying price, delivered mill Bajio was at 5,950 pesos per...Read More
Turkish steel mills extended their silence in the deep-sea scrap import market after booking a number of cargoes in the last week, sources said on Tuesday September 1.Six deep-sea cargoes totaling around 220,000 tonnes were booked by Turkish steelmakers from various sources at strengthening prices during the week to Friday August 28.The most recent deep-sea deal - booked on August 26 - put the pri...Read More
Markets were for the most part upbeat this morning, Tuesday September 1, with all the metals on the London Metal Exchange firmer, as were pre-market major western equity index prices. China's Caixin manufacturing purchasing managers' index (PMI) beat expectations with a reading of 53.1 for August, compared with 52.8 in July. This was enough to send three-month LME copper prices to levels not seen...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
Domestic prices for steel hot-rolled coil across Europe increased further over the week to Friday August 28, supported by high import prices, reduced production from domestic mills and seasonal demand recovery.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?450.45 ($537.09) per tonne on Friday August 28, up by ?,?16.70 per tonne week on week and...Read More
Domestic prices for hot-rolled coil in Northern Europe moved up day on day on Tuesday September 1, driven by a combination of reduced output from domestic mills, a lack of import alternatives and some demand pick-up, sources told FastmarketsFastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?453.48 ($541.18) per tonne on September 1, up by ?,?3.03 per...Read More
The price for steel rebar imported into the United Arab Emirates increased this week because of high production costs, market sources said on Tuesday September 1.Domestic rebarSince August 17, rebar producers in the UAE have been offering the material at 1,800-1,830 dirhams ($490-498) per tonne ex-works for orders to be produced in September, and deals were heard during the week at 1,730-1,800 dir...Read More
Prices for steel rebar in Russia's Central Federal District around Moscow narrowed upward over the latest assessment week because producers were insisting on higher levels for September, sources told Fastmarkets on Monday August 31.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 37,000-37,500 roubles ($499-506) per tonne on September 1, inc...Read More