Radoslaw Zalozinski has left his position as an executive director with Polish copper producer KGHM after 19 years with the group, Fastmarkets learnt on Monday October 1.Most recently, he was executive director of finance and risk management for the company, as well as president of the market & credit and risk committees.Zalozinski was also chairman of the finance committee...Read More
Antimony prices were stable in the week ended Friday September 28 in China and Europe with little spot activity taking place and the markets lacking direction. Fastmarkets MB assessed Chinese MMTA standard grade II antimony prices, delivered, duty-paid, at 52,500-53,000 yuan ($7,645-7,718) per tonne on Wednesday September 26, unchanged from the previous week with very little spot business being do...Read More
Key data from the pricing sessions in London and Shanghai on Friday September 28. China The Chinese grade 553 silicon export price edged higher on rising domestic ex-works quotations, which added to strength in the export market. The domestic Chinese ex-works quotation for grade 553 silicon metal rose by about 200 yuan per tonne in the past week, resulting in rising procurement costs fo...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in September 2018.The case list below includes only updates. For other continuing cases...Read More
Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday September 29. Raw materials Prices for light iron scrap in the United Kingdom have been steady over the past week, tracking the stability in export prices to key destinations such as Turkey and the Indian subcontinent, which have consolidated the rises seen through September.Prices for shredde...Read More
I am pleased to announce that today we are officially becoming one definitive source for commodities data and insights under the name of Fastmarkets.A unified brand strategy has shown to be very important to the market. We have heard many questions about our family of brands and how we correlate with one another. We did not take this lightly and determined it imperative to communicate that we are...Read More
Metal Bulletin Group, the price reporting agency (PRA) within Euromoney Institutional Investor PLC, today announced the rebrand of the business to Fastmarkets. This includes PRA brands formerly known as Metal Bulletin (now Fastmarkets MB), American Metal Market (now Fastmarkets AMM), Industrial Minerals (now Fastmarkets IM) and Scrap Price Bulletin (now Fastmarkets SPB). Early in 2019, forest prod...Read More
Calm before the storm It may be a volatile week with China on holiday, but the metals may get directional again next as the industry meets for LME Week. Aluminium: Upside potential Falling stocks and aluminium’s technical configuration are creating a backdrop that could support higher prices in the short to medium term. Shorts may be getting more nervous. But in the current climate of uncerta...Read More
More warrant cancelations providing price support The weekly average LME aluminium cash price was $2,030 per tonne last week, up 1.2% from previous week’s $2,006 per tonne. After falling to a six-month low last Friday morning, three-month aluminium rallied by 3.3% to an intraday high of $2,085 per tonne. More than 16,500 lots changed hands but this is below the yearly high of 42,936 lots on A...Read More
Aluminium Fresh buying has emerged this week, supporting the LME aluminium price to trade above the 20 and 50 DMAs. In addition, its daily RSI and stochastic lines continue to edge higher and are likely to support the current upside momentum. The next set of overhead resistance comes from the declining 100 DMA and only a clean break above the 200 DMA will give the light metal full control to...Read More
In this week’s analysis, we aim at identifying the major positive and negative forces at play in the copper market to better assess our outlook for Q4 2018 and beyond. The positives The global refined copper market recorded a deficit in June, for the third consecutive month, amounting to 45,500 tonnes, according to the ICSG. In January-June, the cumulative deficit totaled 51,500 tonnes, mine...Read More
Stocks getting low in SHFE warehouses... Lead prices are bumbling along in low ground, albeit the two recent sell-offs have held above the previous lows, so some support is evident. But, conversely, each rebound high has been lower than the previous one. While prices are stuck sideways overall, lead’s fundamentals appear to be tightening as both LME and SHFE stocks continue to work lower. LME...Read More
Prices under pressure With Chinese market participants away for the Golden Week holiday, trading volumes across the base metals remain light. While the other metals are generally consolidating recent rebound gains and are somewhat well-bid, LME nickel has come under selling pressure – seemingly more sensitive to the softer economic data out of China. The official and Caixin manufacturing PMIs...Read More
In this week’s analysis, we review the major positive and negative forces of the tin market to better predict the future tin price direction over Q4 2018 and next year. The positives The WBMS estimates that the global refined tin market was in a deficit of 3,563 tonnes in the first seven months of 2018, following a deficit of 17,120 tonnes in 2017. In January-July 2018, global mine production...Read More
Zinc outshines Having been the laggard for much of Q3, zinc finished September firmer. Signs of increasing tightness, coupled with technical-related buying triggered a strong rally on Friday, September 28, with the three-month price up as much as 5.3% at one point, before closing the week at $2,598.50 per tonne, up 3.3%. Chinese premiums surge on falling availability SHFE zinc stocks fell for a se...Read More
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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
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade.The Canadian Dollar moved slightly higher after Royal Dutch Shell confirmed its intensions to build an LNG facility costing $40 billion in Kitimat B.CPepsico (PEP $110.71) is expected to open higher after reporting higher than consensus third quarter sales and earnings. American Express (...Read More
U.S. equity markets had one of their strongest showings today since September 20. The Dow Jones Industrial Average closed near all-time highs today after gaining 192.90 points and closing at 26,651.21. This, coupled with respectable gains in the Standard & Poor's 500, has confirmed that the strong risk-on market sentiment which has been in place since April of this year continues. Today U.S. equ...Read More
Correction: An error was made in the company's ideal timeline for the Relief Canyon project. Blasutti said that he sees mine construction starting by the second half of 2019. The article has been corrected corrected. (Kitco News) - With gold and silver prices near the bottom, now is the time to be looking for opportunities that could add value to your company, according to one mining executive....Read More