Robust buying activity kept seaborne coking coal prices largely supported on Wednesday August 14.A cargo of premium low-vol hard coking coal was traded at $170 per tonne cfr China while a shipment of mid-vol product in the same segment changed hands at $156.50 per tonne fob Australia.Another cargo of premium mid-vol materials was sold at $150 per tonne fob Australia. A shipment of premium low-vol...Read More
The following Fastmarkets minor metals prices changed on Wednesday August 14:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,950-6,150 per tonne from $5,950-6,200Antimony MMTA standard grade II, ddp China, yuan/tonne: 36,500-38,000 yuan per tonne from 37,000-38,500...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 14:Aluminium scrapClean HE9 extrusions, delivered consumer UK, ?/tonne: ?1,285-1,325 per...Read More
Equity index futures moved higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Index futures responded overnight to Wal-Mart's second quarter report.Index futures moved higher following release of economic data at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims was an increase to 214,000 from 209,000 last week. Actual was 220,000. Consensus for July Retail Sale...Read More
Aluminium premiums were flat across most regions in the week ended Tuesday August 13, except in Brazil, where the P1020A premium for S??o Paulo delivery ticked higher after three months with no changes. S??o Paulo premium ticks up on dissipating discounts Rotterdam premiums flat, trades thin US Midwest premium unchanged on seasonality MJP steady amid Japanese holidays.Delivered premium up in Brazi...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 13. Please click...Read More
Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Tuesday August 13, appreciating by around 2.6% and settling above the $2,300 per tonne level in a continuing recovery, while strong buying in nickel saw its outright price closed in on the $16,000 per tonne resistance level. Volumes traded in zinc were low over the day's trading, with 7,700 lots exchanged b...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 13. Please click...Read More
Seaborne manganese ore prices continued to fall this past week amid rising risk aversion among Chinese buyers, partly due to the depreciation of yuan against the US dollar, while a weak alloys market also dampened consumers' appetite for seaborne cargoes. Seaborne low-grade, high-grade manganese ore prices continue to soften. Silico-manganese prices dip further in China. Indian silico-manganese pr...Read More
The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.In Europe, however, the ferro-silicon market was steady after recording a small bounce in the prior week after suppliers held their offer prices ahead of expected uptick in demand. Chinese market prepares for further losses Europe awaits r...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday August 9. US Key drivers Excess supply endures, with contracted material, silicon-rich scrap alternatives and grade 5-5-3 increasingly coming to the United States from numerous overseas suppliers. Business remains subdued for automakers, lowering their demand for secondary aluminium...Read More
Key data from the pricing sessions in Asia and Europe in the week ended Friday August 9. China Key drivers The price of antimony MMTA standard-grade II, ddp China ended a month of stability last week, dropping after some domestic suppliers lowered their offer prices to secure sales. Concerns over the possible outflow of antimony stocks held in Fanya Metal Exchange warehouses in the nea...Read More
The price of ferrous scrap in Mexico's northern Monterrey region increased in the week ended Tuesday August 13, while prices in the southern Baj?-o region remained stable, Fastmarkets has learned.Fastmarkets' assessment for steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, was 4,850 pesos ($248) per tonne on August 13, up from 4,700 pesos per tonne a week before, while th...Read More
The Turkish deep-sea scrap markets were unchanged today while trading paused in the country due to the Eid al-Adha religious holiday, sources told Fastmarkets on Tuesday August 13.The Turkish market and those in other Middle Eastern territories will be closed until August 15 for Eid al-Adha; no new cargoes are expected...Read More
The UK ferrous scrap market for deliveries to domestic consumers in August has settled with prices unchanged for the third month in a row, balanced between relatively tight supply and low key demand, Fastmarkets heard on Tuesday August 13.The uncertainty about underlying consumption in the UK and Europe, because of weaker manufacturing, helped to confirm the downward trend. And the weakness of ste...Read More
The economic and geopolitical clouds are getting more widespread and darker with unrest in Hong Kong and debt default concerns in Argentina adding to market concerns that are already stressed by the continuing US-China trade dispute, poor global economic data, stalemate over Iran and the potential for a hard Brexit. Gold has pushed up to another fresh multi-year high on Tuesday August 13, but some...Read More
Under the cloud of the continuing US/China trade dispute, which has no end in sight and is weighing on global economic activity, market sentiment is subdued. But numerous events are buffeting prices - with nickel supported by short-covering and fresh buying against concerns about present and future supplies, while copper mine supplies may be affected by strikes at ports in Peru. Zinc and tin, rema...Read More
Revenue at lithium producer Livent increased in the second quarter of 2019 on higher volumes of lithium compounds sold, which offset the lower prices achieved.North American lithium producer Livent's revenue increased by 5.7% in the second quarter of 2019 to $114 million, from $107.9 million in the corresponding quarter of last year.Higher volumes of material sold partially offset the lower prices...Read More
Albemarle has put its lithium production expansion plans on hold due to current market oversupply and lower prices, Luke Kissam, the company chief executive officer said. Changes to China's new energy vehicles (NEVs) subsidies, shifts in cathode chemistry and the oversupply of lithium carbonate have raised concerns among the energy storage value chain, Kissam said during the company's second-quart...Read More
The export market for Commonwealth of Independent (CIS)-origin hot-rolled coil and cold-rolled coil were slow on pessimistic buyers' mood, sources told Fastmarkets on Monday August 12.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS was $470-485 per tonne on Monday, unchanged week on week."Local markets in the key outlets are weak, in such conditions import price should go d...Read More