Once again rises across a broad set of markets suggest traders were less worried about the fallout from the Wuhan coronavirus (2019-nCoV) this morning, Tuesday February 11.LME base metals prices up by an average of 1.2%; SHFE base metals up by 0.7% on average. China's CSI 300 Index up by 1.2%.Gold prices are consolidating and were recently quoted at $1,568 per oz.Base metalsThree-month base metals...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneFastmarkets has discontinued the calculation and publication...Read More
While equity markets remain buoyant on optimism that the spread of the novel coronavirus (2019-nCoV) may be slowing, the base metals seemed more circumspect on Wednesday February 12 as they wait to see what the fallout from the virus will be in terms of how much disruption the manufacturing sector is suffering.LME base metals prices were up by an average of 0.2% and Asian equities were up acr...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening comments.Bed Bath and Beyond dropped $3.91 to $10.94 after reporting lower than consensus fourth quarter revenues and earnings. The company also lowered guidance. Visa added $1.86 to $205.80 after Oppenheimer raised its target price from $210 to $220.MolsonCoors gained $3.25 to $61.30 after rep...Read More
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Speculative short position in aluminium expanded 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...Read More
Aluminium The rebound momentum since the 2020 low...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...Read More
Copper prices supported by short-covering 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 latest i...Read More
New 7-month price low LME...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
Exchange prices and stocks still reflecting virus developments...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 down...Read More
Stabilization The LME tin...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
Stock inflows compound bearish sentiment Zinc...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
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
Once again rises across a broad set of markets suggest traders were less worried about the fallout from the Wuhan coronavirus (2019-nCoV) this morning, Tuesday February 11.LME base metals prices are up by an average of 1.2% and SHFE base metals are up by 0.7% on average. China’s CSI 300 Index was up by 1.2% and gold prices are consolidating. Base metalsThree-month base metals prices on t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Sprint jumped $3.30 to $8.120 in anticipation of approval by the courts of a merger with T-Mobil.NVIDIA advanced $4.19 to $267.16 after Oppenheimer and Deutsche Bank raised their target price on the stock.Under Armour dropped $2.73 to $17.73 after reporting less than consensus fourth qua...Read More
The London Metal Exchange three-month lead price closed at its lowest level since May 2019 on Monday February 10, dipping below the key $1,800-per-tonne support level, while nickel futures struggled to breach resistance against thin trading volumes. Lead's underlying price on the LME closed at $1,796 per tonne, with its price action slipping from an intraday high of $1,825 per tonne while turnover...Read More
Chinese multi-metal company Jingchuan Group produced the first batch of nickel chloride from its newly-commissioned high-end nickel salt project on Sunday February 9.The size of the first nickel-chloride yield was not stipulated but the resultant material constitutes part of the group's efforts to ramp up battery-grade nickel production for the much-lauded electric vehicle (EV) boom, according to...Read More
Nickel producers in Indonesia continue to operate at full capacity amid China's ongoing Wuhan coronavirus pandemic, but concerns that logistical delays will exacerbate the already poor projections for material demand in 2020 loom large, participants say.Indonesia-based nickel producers including Chinese stainless steel giant Tsingshan and domestic producer PT Antam have confirmed to Fastmarkets th...Read More
Seaborne prices of both low- and high-grade manganese ore in China recorded strong gains in the week ended Friday February 7 alongside rising portside ore and alloy prices. Domestic market sentiment was buoyed by Hebei Steel's silico-manganese purchase price for February which rose by 600 yuan ($85.70) month on month to 7,200 yuan per tonne. Hebei Steel is China's second largest steel mill an...Read More