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 assessed cobalt...Read More
Bearish sentiment strengthened in China's silicon export market after plants in southern China gradually restarted operations amid a weak overseas demand, sources said.Fastmarkets' weekly price assessment for silicon export 98.5% Si min, fob China was $1,370-1,430 per tonne on Friday June 5, down by $20 per tonne (1.4%) from $1,390-1,450 per tonne a week earlier. China's silicon export price stre...Read More
Spot cobalt hydroxide payables came off their recent highs during the second half of last week with consumers having completed the bulk of their recent restocking drive. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China stood at 65-66.5% of the standard-grade metal price (low-end) on Friday June 5, narrowing downward from 65-67% on June 3."Everyone is taking a pause to take th...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. (Due to a technical error, the new price for...Read More
Despite a mixed picture this morning, Tuesday June 9, generally strong uptrends are underway in most of the base metals. The exception is the infrastructure heavy-weight zinc, although the galvanizing metal is also widely used in the auto industry, which may be why it is lagging behind. Asian-Pacific equities are for the most part stronger this morning, led by a 2.53% gain in the Australian ASX 20...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade. Macy's added $0.97 to $10.52 after reporting a less than consensus first quarter loss. Signet Jewelers dropped $0.87 to $16.00 after reporting lower than consensus first quarter revenues. The company also suspended its dividend. EquityClock's Daily Market CommentFollowing is a link...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Base metals prices were mixed this morning, Monday June 8, after a positive performance on Friday following the surprisingly strong employment report in the United States.Asian-Pacific equities, although stronger this morning, were not up by the same extent as western equity indices were on Friday. * China's exports rose by just 1.4% year on year in May after rising by 8.2% in April. Imports fell...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. The Canadian Dollar added 0.10 to US74.64 cents following release of May Canadian Housing Starts at 8:15 AM EDT. Consensus was a drop to 153,000 units from 166,500 units in April. Actual was an increase to 193,500 units.International Flavours and Fragrances slipped $0.48 to $137.38 after...Read More
Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.Mexico, Brazil and Argentina are the region's top auto producing countries, Fastmarkets understands.MexicoMexican light vehicle output...Read More
European distributors of flat steel products reported a 50.8% year-on-year drop in shipment volumes in April, Eurometal said on Thursday June 4.In first four months of 2020, shipments of flat steel products by European steel service centers decreased by 18.5% year on year. Eurometal does not disclose product volumes.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe ...Read More
Global aluminium billet premiums were unchanged but for a drop in Thailand, with spot demand battered due to the Covid-19 pandemic.Europe begins third quarter negotiationsUS premium static in lifeless spot marketBrazil premium flat amid weak spot interestWeak demand sinks premium in ThailandQ3 negotiations in Europe start with offers around $280-300/t Market participants throughout Europe have beg...Read More
The Covid-19 pandemic has highlighted the importance of regional supply chain security for critical materials like cobalt, the president and chief executive officer of First Cobalt said. According to Trent Mell, the increasing trend toward electric vehicles (EVs) has added to the impetus to ensure that a reliable and ethical supply of refined cobalt is available for use in batteries. "If the Covid...Read More