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. Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. 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...Read More
Broader markets were consolidating this morning, Wednesday June 24, underpinned by better economic data, but conversely held back by concerns about how the spread of the Covid-19 is accelerating in some regions; the spread in some mining countries is now a potential threat to supply.* Tuesday’s flash June purchasing managers’ index (PMI) data shows the global economy is recovering at a b...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade.Shopify added $1.54 to $912.88 after KeyBanc Capital raised its target price from US$805 to U$1,000.Aurora Cannabis added $0.03 to $13.67 after Stifel Nicolaus raised its target price from Cdn$6.20 to Cdn$17.50. Constellation Brands added $0.54 to $181.00 after Deutsche Bank raised its t...Read More
Here are five Fastmarkets stories you might have missed on Monday June 22 that are worth another look.The dramatic consequences of the Covid-19-related lockdowns across Europe, and the corresponding shutdowns of industrial activities, have resulted in an enormous disruption to the supply chains across all sectors of the steel industry.Chilean state-run copper producer Codelco has decided to halt a...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Monday June 22, topping the complex with a 1.8% uptick despite thin trading volumes, while zinc's forward curve loosened over the afternoon.Copper's outright price on the LME closed at $5,880.50 per tonne on Monday afternoon, climbing from an intraday low of $5,807 per tonne, but failed to breach nea...Read More
Production at Hydro's Paragomias bauxite mine, in the state of Par?? in northern Brazil, has been temporarily halted due to a power outage, the producer said on Monday June 22.Three power transmission towers overturned on June 20, cutting the power supply to the mine, the company said.The Paragominas mine delivers bauxite to the Alunorte alumina refinery in Barcarena via a 244-kilometer pipel...Read More
Chilean state-run copper producer Codelco has decided to halt all of its construction projects in the north of the country, including the underground phase of Chuquicamata, while the Covid-19 pandemic spreads across the region, the company said on Saturday June 20.The current operations of the open pit at Chuquicamata will be maintained, however, with workers from the city of Calama, 20km to the s...Read More
Production at Hydro's Paragomias bauxite mine, in the state of Par?? in northern Brazil, has been temporarily halted due to a power outage, the producer said on Monday June 22.Three power transmission towers overturned on June 20, cutting the power supply to the mine, the company said.The Paragominas mine delivers bauxite to the Alunorte alumina refinery in Barcarena via a 244-kilometer pipel...Read More
Here are five Fastmarkets stories you might have missed on Monday June 22 that are worth another look.The dramatic consequences of the Covid-19-related lockdowns across Europe, and the corresponding shutdowns of industrial activities, have resulted in an enormous disruption to the supply chains across all sectors of the steel industry.Chilean state-run copper producer Codelco has decided to halt a...Read More
China's electrolytic manganese flake export price maintained its one-year low on Friday June 19 on lower offers from traders amid sluggish overseas demand, sources said.Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, fob China was $1,430-1,500 per tonne on Friday June 19, unchanged from a week earlier. This is a new annual low since June 21, 2019, when the pr...Read More
Turkish domestic scrap prices have remained fairly stable over the past week, with most market participants believing that prices have reached a peak, sources said on Monday June 22.The steel mills adjusted their buy prices for domestic scrap in line with their stock levels and finished long steel sales over the past week.Three steel producers increased their buy prices for auto bundle scrap by 20...Read More
Despite fears of second waves of the Covid-19 virus, base metals prices on the London Metal Exchange were generally holding up well this morning, Monday June 22. But while prices are holding up well, they do seem to have lost upward momentum.Asian-Pacific equity and pre-market major western equity index futures were mainly weaker this morning.Gold prices gapped higher this morning, suggesting inve...Read More
Domestic prices for hot-rolled coil fell further in Northern Europe in the week to Friday June 19 due to low market demand.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?390.00 ($435.86) per tonne on Friday, down by ?,?6.25 per tonne week on week and down by ?,?19.84 per tonne month on month.The region's integrated mills have been offering HRC at ?,?400-410 p...Read More
The export market for flat steel products from the Commonwealth of Independent States was firm during the week ended Monday June 22 because of demand in Turkey and despite high prices for raw materials.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $405-415 per tonne on Monday, widening upward from $405-410 per tonne the week before.A sale of Russia...Read More
Here are five Fastmarkets stories you might have missed on Monday June 22 that are worth another look.The dramatic consequences of the Covid-19-related lockdowns across Europe, and the corresponding shutdowns of industrial activities, have resulted in an enormous disruption to the supply chains across all sectors of the steel industry.Chilean state-run copper producer Codelco has decided to halt a...Read More
The dramatic consequences of the Covid-19-related lockdowns across Europe, and the corresponding shutdowns of industrial activities, have resulted in an enormous disruption to the supply chains across all sectors of the steel industry.While the largest of these sectors, the construction industry, has by no means escaped the effects of the pandemic, sources believed that it could see a return of de...Read More
Trading activity in the majority of CIS markets was thin over the past week due to low demand, but CIS exporters of rebar and wire rod preferred to keep offers stable following the example of Turkish producers. Turkish steel mills last week kept their rebar export offers at $425-430 per tonne fob on an actual weight basis, while bids for the material were no higher than $410 per tonne, Fastma...Read More
Turkish domestic scrap prices have remained fairly stable over the past week, with most market participants believing that prices have reached a peak, sources said on Monday June 22.The steel mills adjusted their buy prices for domestic scrap in line with their stock levels and finished long steel sales over the past week.Three steel producers increased their buy prices for auto bundle scrap by 20...Read More
Seaborne iron ore prices fell on Monday June 22 after an increase in cargo arrivals at Chinese ports last week, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $101.75 per tonne, down $0.67 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $104.19 per tonne, down $1.20 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $90.77 per tonne, down $...Read More