Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmark...Read More
Chinese magnesium suppliers have been making increasingly aggressive offers amid persistent selling pressure as a result of lackluster buying appetite from a magnesium casting sector being hit hard by US tariffs and weakness in the domestic automotive industry. Fastmarkets MB 's assessed Chinese domestic magnesium min 99% Mg, ex-works price fell to 15,500-15,600 ($2,252-2,266) yuan per tonne...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price assessment...Read More
Import prices for stainless steel in East Asia rose over the past week following a surge in the price of nickel.Producers will attempt to sustain the upward trend in stainless steel prices going forward under the pretext of higher nickel costs, a trader in Taiwan said.But a trader in northern China said the jump in the price of nickel had been too abrupt and buyers are likely to be unwil...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Index futures were virtually unchanged following release of the June Employment Report released at 8:30 AM EDT. Consensus for June Non-farm Payrolls was 160,000 versus downwardly revised 72,000 in May. Actual was 224,000. Consensus for the June Unemployment Rate was unchanged from May at...Read More
ZINC INTRADAY TIPSZinc Intraday Tips – Zinc Sell Call 1c60 given at 197.40 Achieved 1st 196.40 & 2nd Target 195.70. Made 195.70 TOTAL profit of 1.7 Points / Rs 8500 ProfitTIPS ID 1c60 : Zinc Intraday - SELL Zinc at CMP 197.40 for Target 196.40 - 195.70 with SL Above 198.55 Read More
Zinc Intraday – SELL Zinc at CMP 197.40 for Target 196.40 – 195.70 with SL Above 198.55 Read More
Tin's three-month price on the London Metal Exchange climbed by more than 3% at the close of trading on Wednesday July 3, settling above the nearby $18,000-per-tonne resistance level after sliding by more than 6% at Tuesday's close. More than 600 lots of tin were traded by the close, around half of Tuesday's total volumes traded but higher than the June average of around 300 lots. Recovering...Read More
Chinese nickel premiums dipped in the week to Tuesday July 2 while the closed import arbitrage window and sufficient supply of material in the region dampened physical appetite for the metal and European and United States' premiums continued to trade flat on holiday season illiquidity. Arbitrage loss in China sends both nickel premiums down European premiums trade flat amid summer season illiquidi...Read More
Open Mineral Exchange beat hopefuls to be named one of 56 Technology Pioneers of 2019 by the World Economic Forum (WEF) in Zug, Switzerland, on July 1 for its trading platform.The Swiss trading platform wants to bring transparency to the metal concentrate markets, which enables buyers and sellers to swap assays, payment terms and trade via its online business-to-business platform.The platform is.....Read More
China's Hebei Steel raised its purchase price for silico-manganese alloys to 7,900 yuan ($1,150) per tonne for July delivery, up 3.9% from 7,600 yuan per tonne for June, market sources told Fastmarkets.China's second largest steel mill's monthly purchase price hike was mostly in accordance with market expectations amid the strong momentum in spot silico-manganese prices in June, while some alloys...Read More
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Pe??asquito returned to the market after a month-long layoff.Fastmarkets assessed TCs for low-silver lead concentrates at $20-30 per tonne on Friday June 28, up from a 19-month low of $5-15 per tonne on May 31.A closed import arbitrage into China was exace...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The steel mills in Turkey have continued to book deep-sea scrap cargoes for August shipments to replenish their stocks, sources said on Wednesday July 3.A steel mill in the Marmara region booked a US cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $299 per tonne, 5,000 tonnes of shredded at $304 per tonne and 5,000 tonnes of bonus at $309 per tonne cfr.This compared with the...Read More
Prices for rebar produced and delivered in Southern Europe widened downwards this week as domestic mills aimed to maintain current price levels, sources told Fastmarkets on Wednesday July 3.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?485-500 ($548-565) per tonne delivered on Wednesday, down ?,?5 per tonne week on week on the lower end from ?,?490-500 per...Read More
Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More
A spike in Chinese lithium carbonate imports in the first two months of the second quarter reflects a drop in prices that made the material more attractive to buyers.China imported 4,539 tonnes of lithium carbonate in April-May 2019, according to the most recent available figures from Chinese customs, up by 37% from 3,315 tonnes in the whole of the first quarter.The monthly average value of the im...Read More
Domestic prices for hot-rolled coil (HRC) in Europe have been largely stable over the past seven days due to weak market activity, market sources told Fastmarkets on Wednesday July 3.Buying activity has been steady due to limited demand from end-users, sufficient stocks held by buyers, and an unclear price trend."The market is slow, because buyers mainly have enough material in stock and there is...Read More
Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More
Exporters of Chinese hot-rolled coil pushed ahead with higher prices on Wednesday July 3 on expectations of a turnaround of the domestic market, notwithstanding the day's losses.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($566-568) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, down 30 yuan per tonneSpot prices fell further after mills lowered their...Read More