China's domestic stainless steel prices remained unchanged for a third week amid soft demand and low supply ahead of the Chinese New Year.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,100-2,188) per tonne including value-added tax for the week ended Wednesday January 16, unchanged from a week earlier.A few stee...Read More
Former trader at Kyen Resources, Nishchay Chadha, has joined Viant Commodities as their head of trading in the Viant office in Singapore, Fastmarkets has learned. Chadha will oversee the refined metal and scrap trading business at Viant Commodities, a source close to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade.The Canadian Dollar added 0.15 to 75.54 following release of the December Consumer Price Index. Consensus was a year-over-year increase of 1.8% versus 1.7% in November. Actual was 2.0%.Netflix dropped $11.21 to $341.98 after reporting less than consensus fourth quarter revenues. Target on...Read More
Tin premiums in both Europe and China held firm in the week ended Tuesday January 15 despite mounting concerns over continued delays to Indonesian exports, while premiums in the United States moved higher for the first time since June 2018, with low stocks and a widening backwardation adding upward pressure to premiums. European market considers alternative supply solutions US market beginn...Read More
Global zinc and lead premiums were stable over the past week with Asian markets beginning to hold back from conducting business ahead of the Lunar New Year holiday in early February. China's import appetite was low with only some deals for bonded-warehouse cargoes European zinc premiums flat although backwardation largely easing off US market quiet once again Southeast Asian lea...Read More
Comex copper prices increased on Wednesday morning in the United States amid positive tailwinds from the Chinese stimulus news.Comex copper prices increased Wednesday morning in the US amid positive tailwinds from the Chinese stimulus news.The copper price for March settlement on the Comex division of the New York Mercantile Exchange climbed 3.10 to $2.6655 per lb.On Tuesday, China signaled its in...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.European Union member states on Wednesday January 16 voted to support proposed definitive measures in the region's safeguard case into imported steel, the European Commission said.Hebei Steel, China's largest steel mill, cut its monthly purchase price for silico-manganese for a...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Chinese ferro-vanadium export prices saw an uptick in the pricing week ended Thursday January 10 amid a comparatively active market as many overseas buyers returned to the market after their year-end holiday break.Fastmarkets' assessment for ferro-vanadium, fob China, was at $69-72 per kg on January 10, up 1.8% from $68.50-70.00 per kg the week before.China's ferro-vanadium export market saw...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
The deep-sea scrap suppliers to Turkish steel mills were trying to increase their offer prices because collection costs were rising with the worsening winter conditions, sources said on Wednesday January 16.But Turkish steel producers were still struggling with weak demand for their finished steel products in the country's export and domestic markets."The scrap suppliers in the United States have...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Comex copper prices increased on Wednesday morning in the United States amid positive tailwinds from the Chinese stimulus news.Comex copper prices increased Wednesday morning in the US amid positive tailwinds from the Chinese stimulus news.The copper price for March settlement on the Comex division of the New York Mercantile Exchange climbed 3.10 to $2.6655 per lb.On Tuesday, China signaled its in...Read More
Three-month base metals prices on the London Metal Exchange were firmer across the board this morning, Wednesday January 16, with prices up by an average of 0.8%. This after further temporary stimulus measures from China gave sentiment a boost.Zinc led the advance with a 1.7% increase to $2,497 per tonne, followed by copper that was up by 1.1% at $5,973 per tonne. Tin was the laggard with a 0.1% g...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
China's hot-rolled coil prices were largely stable on Wednesday January 16 with sentiment being supported by some restocking being done materials to be delivered after the Chinese New Year.DomesticEastern China (Shanghai): 3,620-3,630 yuan ($535-537) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, unchangedPrices held steady with some end use...Read More
China's ferrous futures had a mixed morning on Wednesday January 16, with the steel contracts posting increases while the steelmaking raw materials ones ended the session slightly lower than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,537 yuan ($523) per tonne, up 16 yuan per tonne May hot rolled coil: 3,434 yuan per tonne, up 19 yuan per to...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.European Union member states on Wednesday January 16 voted to support proposed definitive measures in the region's safeguard case into imported steel, the European Commission said.Hebei Steel, China's largest steel mill, cut its monthly purchase price for silico-manganese for a...Read More