Here are five Fastmarkets stories you might have missed on Friday July 31 that are worth another look.Pig iron export prices from Brazil continued to climb in the week to July 31 on new sales to China and the United States.Chilean copper producer Codelco will restart...Read More
Here are five Fastmarkets stories you might have missed on Friday July 31 that are worth another look.Pig iron export prices from Brazil continued to climb in the week to July 31 on new sales to China and the United States.Chilean copper producer Codelco will restart...Read More
Here are five Fastmarkets stories you might have missed on Friday July 31 that are worth another look.Pig iron export prices from Brazil continued to climb in the week to July 31 on new sales to China and the United States.Chilean copper producer Codelco will restart...Read More
The metals and equity indices were mixed this morning, Monday August 3, with numerous crosscurrents affecting the markets.Data this morning showed China’s Caixin manufacturing purchasing managers’ index (PMI) climbed to 52.8 in July from 51.2 a month earlier, while Japan’s manufacturing PMI rebounded to 45.2 from 42.6 over the same comparison.But the continuing spread of the Covid-1...Read More
Target (TGT) an S&P 100 stock moved above $125.97 extending an intermediate uptrend. NVIDIA (NVDA), a NASDAQ 100 stock moved above $431.69 to an all-time high extending an intermediate uptrend.Natural Gas ETN (UNG) moved above $11.27 completing a double bottom pattern.Pre-opening Comments for Monday August 3rdU.S. equity index futures were higher this morning. S&P 500 futures were up 20 po...Read More
Aluminium billet premiums inched up in the United States, Europe and Brazil on Friday July 31 due to stronger demand, while weak demand in Asia kept the Thailand billet premium unchanged.US premium up near nine-month highItaly, Germany premiums inch upBrazil premium up on gradual demand recoveryThailand premium holds in quiet conditionsUS premium climbsFastmarkets assessed the aluminium 6063 extru...Read More
The three-month zinc price on the London Metal Exchange was the standout performer at the close of trading on Friday July 31, breaching nearby resistance in a continued incline over the day, while sideways trading in LME copper futures kept the metal's outright price firmly near the $6,400 per tonne threshold. Zinc's outright price on the LME closed at $2,318.50 per tonne on Friday afternoon, with...Read More
Fastmarkets' copper concentrates treatment and refining charge (TC/RC) index retreated on Friday July 31 due to continued supply concerns related to Covid-19 shutdowns after more copper producers cut their 2020 production guidance this week. Traders are offering clean copper concentrates into the Chinese market in the high $40s per tonne / 4cents per lb and deals have been heard at that level. A...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday July 31.China - Seaborne manganese ore prices tick higher after 11 weeks of declines. Some miners held their offer prices steady for September shipments amid good buying appetite. Buyers place orders for fear of missing out on material now that prices are considered lower risk. - Portside ore prices...Read More
A summary of Peru-based miner Buenaventura's production figures and financial results for the second quarter of 2020, as stated in its earnings report published on Thursday July 30.In brief Mine production fell sharply during the second quarter from a year before, because units had to be closed to comply with the state of emergency declared by the Peruvian government in light of the Covid-19 pande...Read More
Fastmarkets' copper concentrates treatment and refining charge (TC/RC) index retreated on Friday July 31 due to continued supply concerns related to Covid-19 shutdowns after more copper producers cut their 2020 production guidance this week. Traders are offering clean copper concentrates into the Chinese market in the high $40s per tonne / 4cents per lb and deals have been heard at that level. A...Read More
Spot cobalt hydroxide prices rose above $10 per lb in July due to resumed appetites for prompt cargoes amid a limited availability of seaborne units and buyers' attempts to reduce exposure to price uncertainty.Fastmarkets' cobalt hydroxide index, Co min 30%, cif China was calculated at $10.41 per lb on Friday July 31, up 5.8% from $9.84 per lb at the end of June.Spot deals were concluded in the lo...Read More
Ferrous scrap prices in all the key global markets continued to surge upward in the week ended Friday July 31, with Turkey again achieving higher prices through the week and pushing up those in other regions.Turkey books more cargoes at higher pricesUS market upbeat on recent tradesVietnam scrap prices continue to riseTaiwan prices up with sellers holding back materialIndia reports surge in prices...Read More
The Turkish steel scrap import market was quiet on Friday July 31 because of the Eid al-Adha religious holiday across the region, with no bookings heard and prices flat as a result.Earlier in the week and late last week, however, a number of cargoes were booked.Late on July 24, a steel mill in northern Turkey booked a United States-origin cargo comprising 15,000 tonnes of shredded at $275 per tonn...Read More
The inter-merchant spot market for light iron scrap in the UK was unchanged in the week to Friday July 31, with prices remaining firm and expectations of increases to come, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at ?85-95 ($111-124) per tonne on Friday.Material availability kept the p...Read More
Some hesitation in the base metals prices on Thursday was short-lived, with all the prices up this morning on Friday July 31 by an average of 0.5%, with stronger economic data out in Asia, earlier in the day, which boosted sentiment. China's manufacturing purchasing managers index (PMI) for July climbed to 51.1 from 50.9 in June. Japan's preliminary industrial production climbed 2.7% in June, afte...Read More
Spot cobalt hydroxide prices rose above $10 per lb in July due to resumed appetites for prompt cargoes amid a limited availability of seaborne units and buyers' attempts to reduce exposure to price uncertainty.Fastmarkets' cobalt hydroxide index, Co min 30%, cif China was calculated at $10.41 per lb on Friday July 31, up 5.8% from $9.84 per lb at the end of June.Spot deals were concluded in the lo...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 cobalt standard grade, in-whs Rotterdam at $13.75-14.20/lb on Friday July 31, 2020. Bid at $13.80...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
Flat-rolled steel import prices were up in South America this past week, with mills continuing to offer at higher levels and clients still getting ready to negotiate October-shipment cargoes.There were more price increases during the week, particularly from China, but most offers were either not directly presented to customers or not yet countered by them, market participants said."[The comin...Read More