The Wuxi Stainless Steel Exchange plans to launch electronic trading contracts for cobalt sulfate in September, to align with the development of the electric vehicle (EV) sector in China, a spokeswoman for the exchange told Fastmarkets on Wednesday August 12. Cobalt sulfate is a key chemical used in the production of nickel-cobalt-manganese (NCM) lithium-ion batteries that are used in EVs, and Chi...Read More
An overview of the minor metals markets and their latest price moves.Read More
The cobalt standard grade, in-whs Rotterdam 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 the price of cobalt standard grade, in-whs Rotterdam, at $15.05-15.30 per lb on Wednesday...Read More
The cobalt alloy grade, in-whs Rotterdam 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
Fastmarkets has corrected its antimony max 100 ppm Bi, in-whs Rotterdam price, which was published incorrectly on Wednesday August 12 due to an error. Fastmarkets' weekly price assessment for antimony max 100 ppm Bi, in-whs Rotterdam was originally published at $5,300-5,500 per tonne on August 12. This has now been corrected to $5,300-5,550 per tonne. Fastmarkets' pricing database, MInD, has...Read More
Key data from the Wednesday August 12 pricing session in Shanghai.Key drivers Cobalt metal prices in China dropped after local futures prices lost over 5% day on day on Tuesday amid generally sluggish summer demand, however, spot quotations have not fallen as quickly as futures prices...Read More
Increased choppiness in the base metals in recent days suggests the bullish and bearish camps are getting more balanced and a new fight for supremacy is unfolding. This morning, Wednesday August 12, the bears have the upper hand, with base metals prices down on the London Metal Exchange and Shanghai Futures Exchange - both complexes were down by an average of 1.4% as at 6.20am London timeWider mar...Read More
A summary of Swiss stainless steelmaker Schmolz + Bickenbach's financial results for the second quarter of 2020, April to June.In brief Second-quarter earnings were strongly affected by the Covid-19 crisis. Effects of pandemic felt first and primarily from the widespread shutdown of automotive manufacturers. A secondary negative trend materialized in the mechanical and plant engineering industry f...Read More
Copper smelter Dongying Fangyuan is planning to restart its phase 2 smelting production line in October, Fastmarkets has learned. The phase 2 operation line has capacity to process 300,000 tonnes per year of copper cathodes using copper concentrates. "The company will start to run phase 2 because the phase 1 production line has to undergo maintenance in October for one month after operating for tw...Read More
Markets across the board were in consolidation mode this morning, Thursday August 13, with metals and Asian-Pacific equities mixed, while pre-market major western equity index futures were weaker.Traders seem to be waiting to see if US Congress can agree on a pandemic recovery fund and how the United States-China trade talks go this weekend when they review the phase one trade deal.* High volumes...Read More
Cisco (CSCO), a Dow Jones Industrial Average stock moved below $43.30 completing a double top pattern. The company lowered fiscal first quarter guidance. Micron (MU), a NASDAQ 100 stock moved below $47.10 setting an intermediate downtrend.The stock was downgraded by Deutsche Bank from Buy to Hold. Target price was reduced from $48 to $40. Pre-opening Comments for Thursday August 13thU.S. equity in...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More
The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Tuesday August 11, climbing by 3% and breaking past nearby resistance, while a continued uptick in producer inflation from the US further supported buying momentum in the afternoon.Lead's outright price on the LME closed at $1,960.50 per tonne on Tuesday afternoon, recovering from an in...Read More
Zinc premiums in Singapore and Malaysia have dropped to their lowest annual level - and since Fastmarkets began assessing the market - while stocks begin to pile up in regional warehouses, trading sources said.Fastmarkets assessed the zinc SHG 99.995% ingot premium, fca Singapore at $85-95 per tonne on Tuesday August 11, down from $90-100 per tonne the week previously and $100-110 per tonne at the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More
The latest data for the global manganese ore market for the week ended August 7, 2020.Read More
Portside prices for both low- and high-grade manganese ore in China rose in the week to Friday August 7, snapping a run of six consecutive weekly declines, after traders raised their offer prices in response to strength in the seaborne market.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was at 35 yuan ($5.02) per dry metric tonne unit (dmtu) on August 7 - eq...Read More
Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o increased week on week because of continued improvement in demand.Many market participants reported average price increases of 200 pesos ($8.91) per tonne for most grades of scrap during the week ended Friday August 7, while other, less common price increases were reported in the range of 150-400 pesos ($6.68-17.82) pe...Read More
Domestic prices for ferrous scrap in Italy moved down slightly in the month to Tuesday August 11, with demand for the raw material reduced by scheduled maintenance outages during the month.Most Italian steel producers stopped production for summer maintenance work in August, but some have changed their schedules this year and planned shorter stoppages with demand recovering from the Covid-19-relat...Read More