Seaborne iron ore prices were up on Monday February 17 amid the gradual return of workers after the extended Lunar New Year holiday in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.48 per tonne, up $1.81 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.81 per tonne, up $1.81 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.84 per tonne, up $2.05 per tonn...Read More
Anglo-Australian iron ore miner Rio Tinto has lowered its iron ore shipment guidance following infrastructure damage across its Pilbara operations in Western Australia. The miner now expects shipments of 324-334 million tonnes in 2020, down from a previous guidance of 330-343 million tonnes, it said on Monday February 17. "Rio Tinto's iron ore operations in Pilbara, Western Australia, are pro...Read More
Seaborne coking coal prices were steady on Monday February 17 amid a muted market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.43 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $161.28 per tonne, unchangedHard coking coal, fob DBCT: $127.01 per...Read More
Seaborne iron ore concentrate and pellet demand were dragged down by the reduced appetite for steel products amid the ongoing novel coronavirus (2019-nCoV) outbreak.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $102.70 per tonne on Friday February 14, up by $3.63 per tonne from oa week earlier.Fastmarkets' daily index for iron ore 65% Fe Br...Read More
Demand for rebar in China's domestic market remained weak on Monday due to a lack of manpower in downstream sectors, which continued to put pressure on prices for the long steel product.Eastern China (Shanghai): 3,370-3,400 yuan ($482-487) per tonne, unchanged Northern China (Beijing): 3,370-3,400 yuan per tonne, down 50 yuan per tonneSellers in eastern China kept their offers flat amid weak deman...Read More
China's hot-rolled coil prices were unchanged on Monday February 17 amid thin trading, with tight cash flow making it hard for traders to place orders with mills.DomesticEastern China (Shanghai): 3,460-3,480 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,230 yuan per tonne, unchangedA Shanghai-based trader said he had to stop buying from mills recently due to cash flow issues.Thi...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday February 14. ChinaKey driversFastmarkets' price assessment of antimony, MMTA standard grade II, ddp China, increased in the latest assessment period after some suppliers raised offer prices amid growing buying interest and limited cargoes. Most producers in central China's Lengshuijiang city, a major production hub, were h...Read More
Key data from the pricing session in Asia and Europe for the week ended Friday February 14. Europe Key drivers The prices for both grades jumped due to difficulties obtaining material from China because of transportation restrictions caused by policies to contain the coronavirus (2019-nCov). Some suppliers reported receiving inquiries from customers who normally buy from China, such as...Read More
Fragile...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.Su...Read More
Tighter restrictions have been implemented by...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 i...Read More
Aluminium The upside momentum in LME aluminium has...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 th...Read More
Copper prices supported by fresh buying 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
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