China's domestic silico-manganese spot price retreated in the latest assessment to Friday August 21 in response to falling futures prices and shrinking buying interest, market sources told Fastmarkets. Fastmarkets assessed the silico-manganese, 65% Mn min, max 17% Si, in-whs China price at 5,900-6,000 yuan ($852-866) per tonne on Friday, down by 2.1% from 6,000-6,150 yuan per tonne on August...Read More
After registering gains for two consecutive weeks, portside prices for both low and high-grade manganese ore in China ticked down in the week to Friday August 21, as a result of domestic ore traders lowering their offer prices amid thin buying interest from alloy smelters, sources said.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 35.50 yuan ($5.13) per d...Read More
Honeywell (HON) moved above $164.79 extending an intermediate uptrend. The stock was added to the Dow Jones Industrial Average. Brookfield Infrastructure Properties (BIP/UN), a TSX 60 stock moved above $60.63 extending an intermediate uptrend. Pre-opening Comments for Tuesday August 25thU.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening tr...Read More
Here are five Fastmarkets stories you might have missed on Friday August 21 that are worth another look.Liberty Steel Group has resumed operations at one of its blast furnaces at its Ostrava steelworks after nearly four months of downtime, the company said on August 21.China's plans to stockpile some 40,000 tonnes...Read More
Here are five Fastmarkets stories you might have missed on Friday August 21 that are worth another look.Liberty Steel Group has resumed operations at one of its blast furnaces at its Ostrava steelworks after nearly four months of downtime, the company said on August 21.China's plans to stockpile some 40,000 tonnes...Read More
Here are five Fastmarkets stories you might have missed on Friday August 21 that are worth another look.Liberty Steel Group has resumed operations at one of its blast furnaces at its Ostrava steelworks after nearly four months of downtime, the company said on August 21.China's plans to stockpile some 40,000 tonnes...Read More
Here are five Fastmarkets stories you might have missed on Friday August 21 that are worth another look.Liberty Steel Group has resumed operations at one of its blast furnaces at its Ostrava steelworks after nearly four months of downtime, the company said on August 21.China's plans to stockpile some 40,000 tonnes...Read More
Here are five Fastmarkets stories you might have missed on Friday August 21 that are worth another look.Liberty Steel Group has resumed operations at one of its blast furnaces at its Ostrava steelworks after nearly four months of downtime, the company said on August 21.China's plans to stockpile some 40,000 tonnes...Read More
Here are five Fastmarkets stories you might have missed on Friday August 21 that are worth another look.Liberty Steel Group has resumed operations at one of its blast furnaces at its Ostrava steelworks after nearly four months of downtime, the company said on August 21.China's plans to stockpile some 40,000 tonnes...Read More
Amazon (AMZN), a NASDAQ 100 stock moved above $3,344.29 to an all-time high extending an intermediate uptrend. Autodesk (ADSK), a NASDAQ 100 stock moved above $251.39 to an all-time high extending an intermediate uptrend. Twitter (TWTR), a NASDAQ 100 stock moved above $40.26 extending an intermediate uptrend. Abbott Labs (ABT), an S&P 100 stock moved above $102.89 to an all-time high extending...Read More
Steel buyers in Thailand are reselling distressed hot-dipped galvanized coil from China after the southeast Asian country started preliminary anti-dumping duties of 35.67% on imported Chinese cold-rolled galvanized steel on August 3. A Tianjin-based trader told Fastmarkets that at least 100,000 tonnes of Chinese HDG were stuck at Thailand ports recently due to the costly tax, forcing buyers there...Read More
The Baowu Steel Group, China's largest steelmaker, is now the controlling shareholder of the Taiyuan Iron & Steel Group (Tisco), the country's second-largest producer of stainless steel, the latter has announced.Shanxi province's State-owned Assets Supervision & Administration Commission, which owned all of Tisco's shares, transferred 51%...Read More
Taiyuan Iron & Steel (Tisco), China's second-largest stainless steel producer, suspended the trading of its stock on the Shenzhen Stock Exchange on Friday August 21 following an announcement on Thursday evening that there will be a change in its controlling shareholder.Market participants expect the Baowu Steel Group, the country's largest producer of carbon steel, to replace Shanxi province's Sta...Read More
The three-month copper price on the London Metal Exchange continued to lose momentum on Friday August 21, slipping below$6,500 per tonne.Copper's three-month price on the LME closed at $6,482.50 per tonne on Friday afternoon, falling from an intraday high of $6,650 per tonne, on a day that saw 17,690 copper lots traded by the 5pm close.Copper's benchmark cash/three-month spread was recently tradin...Read More
Fastmarkets copper concentrate treatment and refining charge (TC/RC) index continues to set new lows and has done for three weeks in a row. Major Chinese smelters are well-stocked for the third quarter, with Collahuasi, Cerro Verde and some clean brands reported being bought in the high $40s, Fastmarkets heard. Traders' buying levels are heard to be in a range of high $30s to low $40s,...Read More
Three-month base metals prices on the London Metal Exchange were mostly down during morning trading on Friday August 21 after the release of key purchasing managers' index (PMI) data out of Europe disappointed, while copper futures took the brunt of the decline over the morning in a 1.2% drop. Copper's outright price on the LME was recently seen at $6,535 per tonne, slipping below nearby resistanc...Read More
An overview of the battery raw materials markets and the latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 21.China Seaborne manganese ore prices slipped after sentiment was undermined by weakening domestic portside ore and spot alloy markets. Portside ore prices fell after traders lowered their offer prices to attract buying interest. Many alloy smelters, however, retreated from the market over th...Read More
Key data from the pricing sessions in Europe, China and the United States in the week ended Friday August 21.China Domestic ferro-silicon prices held steady with firm offer pricesSome ferro-silicon smelters and silica ore plants in Ningxia province are currently under government inspection, which might impact their production and thus lead to a price upswing in the market once alloy availability t...Read More
Fastmarkets copper concentrate treatment and refining charge (TC/RC) index continues to set new lows and has done for three weeks in a row. Major Chinese smelters are well-stocked for the third quarter, with Collahuasi, Cerro Verde and some clean brands reported being bought in the high $40s, Fastmarkets heard. Traders' buying levels are heard to be in a range of high $30s to low $40s,...Read More