The ammonium paratungstate (APT) prices in China and Europe moved higher last week amid consumer restocking and continued tightness in concentrates in China while prompt availability for material in Europe has tightened. Tightness in concentrates in China persists APT prices move up on consumer restocking Ferro-tungsten prices firm on tight prompt availability In China, Fastmarkets MB a...Read More
Low-grade manganese ore prices lost some recent gains in the seaborne market last week after warnings of high prices repelling buyers. 37% manganese ore prices slip in seaborne market44% manganese ore prices inch upManganese ore prices rise in China's portsManganese alloy prices find strength in ChinaSilico-manganese prices hold in India, Europe and US Seaborne low-grade manganese ore prices surr...Read More
Malaysia and India have unique competitive advantages in manganese alloy production that other Asian alloy producers are unable to match, according to panelists at Fastmarkets' Asian Ferro-alloys conference in Hong Kong on Monday March 11. Manganese alloy production in the two countries has developed rapidly over the last 10 years, Aloys D'Harambure, executive director of the International Mangane...Read More
The global copper supply chain could be underestimating the market impact of Chinese scrap cuts amid the country's growing consumption, established industry expert Jonathan Barnes told Fastmarkets. "China has been absorbing around 50% of the world's copper scrap," Barnes said. "The effect of the tightening legislation is big. People have been underestimating the impact of Chinese copper scrap cons...Read More
The London Metal Exchange is at the heart of yet another warehousing conundrum, with pressure mounting for a ruling on why the linked load-in/load-out (LILO) rule was not activated at end of January despite a large queue of Glencore-owned aluminium appearing at Istim's warehouses in Malaysia.Glencore has lodged an official complaint to the LME to revert the situation and activate LILO as of Januar...Read More
Waiting...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.Su...Read More
LME aluminium price down 1.8% week-on-week...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 LME three-month aluminium price led 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...Read More
Copper’s rally tested by weak macro...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
Lead following the other metals...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 a...Read More
LME stock drawdown breaking multi-year records... Stock trends...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
Tin hit by a negative fundamental...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
Dip-buying limits downside for the moment 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 a...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
The three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.5% this morning, Tuesday March 12.Nickel once again led the way with a 1.4% gain to $13,090 per tonne, compared with Monday’s close at $12,915 per tonne, while copper was up by 0.6% at $6,459 per tonne, having closed on Monday at $6,421.50 per tonne. Copper and nickel are in the driving...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the February Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a drop of 0.1% in January. Actual was an increase of 0.2%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.2%...Read More
Steel billet prices in the major global markets showed diverging trends during the week ended Friday March 8, with muted demand meaning that prices were stable or fell in Turkey, China and the United Arab Emirates.But prices increased in Southeast Asia, Egypt and the Commonwealth of Independent States amid higher scrap costs and increased offers.In Egypt, reports of a new regulation that effective...Read More
Fastmarkets AMM attended the annual convention of the National Association of Steel Pipe Distributors (NASPD) on Thursday March 7 and Friday March 8 in New Orleans. Here are five themes gleaned in the sessions, on the sidelines and at the soirees.The US Gulf Coast is excited about China LNG import rumors. Reports that China may agree to buy an immense amount of liquefied natural gas (LNG) exp...Read More
Chinese finished steel exports decreased in February on both a yearly and a month-on-month basis amid uncompetitive prices and fewer working days as a result of the Chinese Lunar New Year holiday.The country shipped 4.51 million tonnes of finished steel out of the country last month, down 7% from the 4.85 million tonnes exported in February 2018, according to preliminary Chinese customs data...Read More