Chinese lead demand forecasts lowered...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Soaring nickel stocks – more than meets the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lates...Read More
Price grinds higher on...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’...Read More
Rising availability caps attempts to rebound ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Broader markets, mainly equity indices, have been fairly complacent about the potential negative economic impacts of the coronavirus (2019-nCov). But this morning, Tuesday February 18, that may be changing with Asian equities down across the board as more companies and countries get jittery.Apple warns it will miss its sales target, South Korea warns it is in an emergency situation and calls for &...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade despite a 2.3% combined gain by the Shanghai Composite Index on Monday and Tuesday. The Chinese central bank announced a cut to its one year lending rate in order to support the economy during the coronavirus crisis. Index futures were virtually unchanged following release of the Februar...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 14 that are worth another look.China's domestic hot-rolled coil prices continued to fall on February 14 on low demand, though participants in the export market are holding out for a rebound once the novel coronavirus (2019-nCoV) outbreak comes under control.The LME Week Asia 2020 seminar has been postponed and the LME As...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 14 that are worth another look.China's domestic hot-rolled coil prices continued to fall on February 14 on low demand, though participants in the export market are holding out for a rebound once the novel coronavirus (2019-nCoV) outbreak comes under control.The LME Week Asia 2020 seminar has been postponed and the LME As...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 14 that are worth another look.China's domestic hot-rolled coil prices continued to fall on February 14 on low demand, though participants in the export market are holding out for a rebound once the novel coronavirus (2019-nCoV) outbreak comes under control.The LME Week Asia 2020 seminar has been postponed and the LME As...Read More
China’s race to contain the coronavirus (2019-nCov), combined with its financial stimulus, are providing the markets with more than enough hope, with risk-on being seen across most of the metals and many equity indices, especially in western markets, this morning, Monday February 17. But this apparent confidence is likely to be fragile as there is still much uncertainty surrounding the virus...Read More
China's auto output fell by a third in January in comparison with a year earlier while sales declined by a quarter, according to estimates by the China Association of Automobile Manufacturers. The association, which expects these numbers to worsen in February, said on Thursday February 13 that it had not received data from all the companies it monitors because many of them have yet to return to wo...Read More
The China Iron & Steel Association (Cisa) is seeking the Chinese transport ministry's help to solve logistical problems experienced by steelmakers in recent weeks, especially those affecting the delivery of raw materials, market sources told Fastmarkets.Various transportation restrictions have been put in place throughout China since late January as a result of the outbreak of the novel coronaviru...Read More
Brazil-based miner Vale has lowered its iron ore fines production guidance for the first quarter of 2020 after its operations were adversely affected by heavy rain, the company said on Tuesday February 11.Vale said it was expecting to produce 63-68 million tonnes of iron ore fines in the January-March period, down by 5 million tonnes from an earlier estimate of 68-73 million tonnes.The miner suffe...Read More
Trade disputes and geopolitical uncertainties had already made the prospects for global economic growth uncertain. A coronavirus has now added to the challenges facing financial markets.The epicenter of the virus is Wuhan, an important commercial hub in China that is home to 11.9 million people, including the country's largest student population. It is also a manufacturing hub, with around 500 fac...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebarRebarEast China, domestic, grade III 16-25mm...Read More
The London Metal Exchange will on February 1 introduce a reporting process that will increase transparency into levels of off-warrant stocks. The exchange announced the plans in November 2019 and aims to attract more metal back in LME sheds. It is controversial, but its passage into the LME rulebook on February 1 follows a consultation last year. Some market participants are now saying the LME sho...Read More
Strong demand and bullish negotiations for second-quarter business pushed aluminium billet premiums in Europe higher on Friday February 14, while other global premiums were unchanged. Germany premium at highest since December 2019Weak demand in Thailand Premium remains at all-time low in USBuying interest thin in BrazilQ2 negotiations bullish in EuropeFastmarkets assessed the aluminium 6063 e...Read More
The US primary foundry alloy premium has hit an all-time low, with oversupply in the region the main reason for the downtrend.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium dlvd dup over P1020A Midwest US at 6-9 cents per lb on Friday February 14, down a penny from the previous all-time low of 7-10 cents per lb set on December 13 and maintained in January's assessment...Read More