Global scrap prices fell last week due to weak downstream demand and market jitters following the outbreak of the Wuhan coronavirus in China. Turkish import prices slide on weak downstream demandUnited States' ferrous scrap export prices tumble in latest dealsTaiwan import prices dip on virus jittersIndian import prices dip in line with international pricesTurkeyTurkish imported ferrous scrap pric...Read More
China's hot-rolled coil sellers lowered their offers significantly on Monday February 3, the first day after the country's Chinese New Year break, amid bearish sentiment triggered by a virus outbreak.DomesticEastern China (Shanghai): 3,630-3,650 yuan ($523-526) per tonne, down 230 yuan per tonneNorthern China (Tangshan): 3,300 yuan per tonne, down 290 yuan per tonneA Shanghai-based trader told Fas...Read More
Rebar offers in eastern China dropped sharply on Monday February 3, the first day of work after the Chinese New Year for some market participants, amid sustained fears over the novel coronavirus in the country.Eastern China (Shanghai): 3,400-3,450 yuan ($490-497) per tonne, down 220-240 yuan per tonneNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedA handful of sellers in the eastern...Read More
The impact of the coronavirus outbreak from Wuhan city, China, is positively affecting antimony prices in Europe, with low stocks in Rotterdam and the market heavily dependent on supply from China.The East Asian country accounts for 78% of global antimony output, according to the United States Geologic Survey (USGS). Fastmarkets assessed the price for antimony max 100 ppm Bi, in-whs Rotterdam at $...Read More
Cobalt prices held on to their recent gains on Monday February 3, finding support because of the limited supplies of readily available material.Fastmarkets' inaugural daily price assessments on February 3 for cobalt standard grade, in-whs Rotterdam, and cobalt alloy grade, in-whs Rotterdam, were unchanged at $16.50-16.90 per lb and $17.40-17.80 per lb respectively. The previous assessments were on...Read More
Fastmarkets MB today launched daily publication for its benchmark price assessments for standard and alloy-grade cobalt, in-whs Rotterdam. Folllowing a consultation period in 2019, Fastmarkets has launched daily price assessments for cobalt standard grade, in-whs Rotterdam, $/lb and cobalt alloy grade, in whs Rotterdam $/lb. The increase in frequency is intended to provide greater transparenc...Read More
Q1...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.Subscri...Read More
Markets still adjusting to coronavirus shock 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
Aluminium The long lower wick on the daily...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
Trading regime: Macro pressures overshadowing fundamentals 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 t...Read More
A staggered return to work...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
Here we share some view on the stainless...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...Read More
Sell-off continues The 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
LME zinc price hits 3½ year...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...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
A rebound is underway across a broad set of markets, with China’s CSI 300 index up by 2.5% this morning, after China’s central bank pumped money into the financial system and appears to be working to stabilize markets and calm fears.Most Asian equity indices are rebounding. Gold prices are retreating as they pull back from Friday's highs. US 10-year government bond yields are firmer...Read More
U.S. equity index futures continued to recover this morning. S&P 500 futures were up 42 points in pre-opening trade. Index futures were bolstered by a recovery in the Shanghai Composite Index, up 36.68 points to 2783.29 in overnight trade.Tesla jumped another $118.75 to $898.75 after Argus Research raised its target price from $556 to $808.McKesson added $3.21 to $147.11 after reporting higher...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 31 that are worth another look. Imports of hot-rolled stainless steel sheet and coil from China, Taiwan and Indonesia now need to be registered on entering the European Union and could be subject to retroactive duties later in the year.The supply-demand dynamics in the global copper market were likely to turn into a defic...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 31 that are worth another look. Imports of hot-rolled stainless steel sheet and coil from China, Taiwan and Indonesia now need to be registered on entering the European Union and could be subject to retroactive duties later in the year.The supply-demand dynamics in the global copper market were likely to turn into a defic...Read More