The benchmark standard-grade cobalt price slumped to two-year lows in February amid a surplus of metal, leaving the market to shrug off longer-term bull signs on the supply and demand side. Price moves Cobalt metal prices continued to tumble in February, with concerns of further declines deterring consumers from making large spot purchases. Where possible, buyers have opted to procure cobalt hydro...Read More
Key data from the pricing sessions in London and Shanghai on Friday March 1.China Key drivers Most Chinese traders insisted offering at higher prices due to increased material costs and the quick appreciation of the yuan, but no spot deals were concluded. The final prices for some Japanese tenders were heard to have closed in range of $1,480-1,520 per tonne fob. Yet market participants downplayed...Read More
The Chinese antimony price trended down in the latest assessment period ended on Wednesday February 27 amid persistently thin buying interest and suppliers' cutting prices to encourage sales.Fastmarkets' price assessment for MMTA standard-grade II antimony, delivered duty-paid in China stood at 47,500-48,500 yuan ($7,100-7,250) per tonne on February 27, down 2% from 48,500-49,500 yuan per tonne a...Read More
Key data from the Thursday February 28 pricing session in Europe. Key drivers Cobalt hydroxide payables rose steadily over January and February while metal prices plummeted; lower metal prices are understood to have pushed some artisanal supply out of the market, generating greater interest in traceable units. In real terms, paid prices for cobalt hydroxide continued to slide in February due...Read More
Fastmarkets launched two reference prices for the cobalt hydroxide market on Thursday February 28: a cobalt hydroxide payable indicator, and a cobalt hydroxide index, both min 30% Co, cif China. Fastmarkets launched two reference prices for the cobalt hydroxide market on Thursday February 28: a cobalt hydroxide payable indicator and a cobalt hydroxide index, both min 30% Co, cif China. After a con...Read More
Hunan Chuangda, one of China's largest ferro-tungsten exporters, has halted its tungsten operations and is switching focus to vanadium, a source at the company told Fastmarkets."It is our normal strategy to change priority of production from tungsten to vanadium [and] we have no further plans to produce ferro-tungsten after the Chinese New Year holiday lull. We only have around 200 tonnes of ferro...Read More
Rallies...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
Trading below $1,900 per tonne level...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 s...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
After a 10% rally in prices...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
Cancelled warrants surge to 32,600...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 soo...Read More
Plenty to be bullish about... Since the January...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
In this week’s analysis, we review...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
Prices retest resistance at $2,800 per...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...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
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.8% this morning, Tuesday March 5. Volume was well above average with 12,645 lots having changed hands on Select as at 06.30am London time, compared with 6,685 lots at a similar time on Monday. Nickel led on the upside once again with a 2.2% gain to $13,575 per tonne, having closed on Monday at $...Read More
U.S. equity index futures were slightly higher this morning. S&P 500 futures were up 3 point in pre-opening trade.The Shanghai Composite added 0.88% to 3,054.25 after the Chinese government lowered its VAT tax on manufactured goods to 13% from 16%. The government predicted economic growth in 2019 at a 6.0-6.5% rate.Salesforce.com dropped $2.49 to $156.01 after issuing negative guidance.Kohl's...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 1 that are worth another look.Copper-starved London Metal Exchange warehouses could receive a long-awaited influx of metal from an unexpected source, Fastmarkets has learned. The LME has released its pricing procedures and methodologies for the scheduled release of its cash-settled futures contracts on March 11, h...Read More
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 Fastmarkets' price assessment for alloy-grade cobalt, in-warehouse, $ per lb In light...Read More