U.S. equity index futures moved lower this morning. S&P 500 futures were down 12 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for June Personal Spending was an increase of 0.3% versus a gain of 0.4% in May. Actual was an increase of 0.3%. Consensus for June Personal Income was an increase of 0.4% versus a revise...Read More
Global billet prices softened in most markets around the world during the week to Friday July 26 amid sluggish demand for finished steel products.Asian markets were an exception, however, with billet prices going up slightly in Southeast Asia and China as well as in Iran, which mainly supplies material to the Asian region.Southeast Asia, Iran, ChinaAlthough billet prices in Southeast Asia were pre...Read More
Global billet prices softened in most markets around the world during the week to Friday July 26 amid sluggish demand for finished steel products.Asian markets were an exception, however, with billet prices going up slightly in Southeast Asia and China as well as in Iran, which mainly supplies material to the Asian region.Southeast Asia, Iran, ChinaAlthough billet prices in Southeast Asia were pre...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 26 that are worth another look.A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both companies for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo, according to court documents filed in...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 26 that are worth another look.A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both companies for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo, according to court documents filed in...Read More
With economic growth still deteriorating - the United States’ second quarter gross domestic product (GDP) came in at 2.1%, compared with 3.1% in the first quarter - the markets have little to cheer about this morning, Monday July 29.Economic headwinds, geopolitical tension in the Middle East and in Hong Kong, combined with some record equity levels make for an unstable market platform. A like...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point in pre-opening trade. Mylan jumped $3.37to $21.80 after the company announced a deal to merge with Pfizer's Upjohn division.Cooper Tire (CTB $30.47) is expected to open lower after lower than consensus second quarter revenues and earnings. The company also lowered guidance. Goldman Sachs is expected to open high...Read More
Aluminium's three-month price on the London Metal Exchange was lower at the close of trading on Friday July 26, falling by around 1.3% against a flurry of fresh inflows into LME-registered Asian warehouses. Despite just under 70,000 tonnes of material delivered into LME-registered warehouses in Port Klang this week, aluminium's futures price held above the $1,800-per-tonne support level at the clo...Read More
Spot copper concentrate treatment and refining charges (TC/RCs) continued to fall this week with tenders for nearby cargoes reaching new lows amid concerns over delivery delays from Peru's southern copper belt. At $51.2 per tonne / 5.12 cents per lb on Friday July 26, Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific is slightly down against last Friday's $51.6 / 5.16 cents. The...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Spot copper concentrate treatment and refining charges (TC/RCs) continued to fall this week with tenders for nearby cargoes reaching new lows amid concerns over delivery delays from Peru's southern copper belt. At $51.2 per tonne / 5.12 cents per lb on Friday July 26, Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific is slightly down against last Friday's $51.6 / 5.16 cents. The...Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday July 26. China Chrome ore prices continued to rise amid bullish sentiment and strong demand from downstream consumers even though some smelters are running at a loss. Chinese major stainless steel mill Tsingshan released its August tender price at 6,296 yuan...Read More
A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both units for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo (DRC), according to court documents filed in the United States.Plaintiff Alain Vignon, who was employed at Gerald from April 2011 until June 2016 a...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More
Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories. Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments....Read More
The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per t...Read More
Ajist S Mauskar of Bank Muscat led the base metals leaderboard in the Apex second-quarter 2019 contest, with an accuracy rating of 98.2%, while INTL FCStone's Edward Meir was top of the precious metals table with 98.9% accuracy.For steel raw materials, Daniel Hynes and Soni Kumari of ANZ were at the top of the leaderboard with 96.36% accuracy.Click on the image below to download the full report.Se...Read More
With little changed in the big picture, markets continue to oscillate while they consolidate - US and European equity indices were lower on Thursday July 25 and most Asian equities were weaker this morning.London Metal Exchange lead price remains directional, other base metals are working sideways.US second-quarter GDP data out on Friday likely to set the tone.Base metalsVolume on the LME remains...Read More