Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More
Hot-rolled coil prices in China's domestic market cruised higher on Monday May 31, with the futures market extending its rally.DomesticEastern China (Shanghai): 5,500-5,600 yuan ($864-880) per tonne, up by 100 yuan per tonne.The most-traded HRC October contract on the Shanghai Futures Exchange hit a high of 5,535 yuan per tonne on Monday morning, extending its rally from late last week.While spot...Read More
Seaborne iron ore prices rose on Monday May 31 amid support from increasing billet prices in China over the weekend and a potential easing of restrictions on steelmaking in Tangshan. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $198.83 per tonne, up $8.32 per tonne62% Fe low-alumina fines, cfr Qingdao: $201.26 per tonne, up $8.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $17...Read More
Seaborne iron ore concentrate and pellet prices plunged further in the week ended Friday May 28 amid downward pressure from the bigger fines segment of the market.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $61.00 per tonne, down $0.10 per tonne66% Fe concentrate, cfr Qingdao: $213.91 per tonne, down $30.21 per tonne65% Fe blast furnace pellet, cfr Qingdao: $279.82 per...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Recent weeks have brought two key developments with regard to trade policy on stainless steel products that will be to the detriment of consumers.In China, the country's stainless steelmakers no longer enjoy a 13% export rebate as of May 1, reducing greatly their incentive to export and instead leading them to focus on supply...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Market conditions are clearly extraordinary when we find ourselves adjusting the axis on our pricing charts to display the new record-high prices each month.After reporting record price highs in Europe and the United States with regards to coated steel products, we find ourselves repeating the same line this month. In Europe,...Read More
China's nickel pig iron (NPI) prices widened downward last week amid a sliding stainless steel market, while the cif China discount for ferro-nickel decreased in the past month.Fastmarkets assessed the nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,125-1,150 yuan ($177-181) per nickel unit on Friday May 28, widening downward by 10 yuan (0.4%) per nickel unit from 1,135-1,150...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US83.13 cents following release of Canada's March GDP report at 8:30 AM EDT. Consensus was a month-to-month increase of 1.0% versus a gain of 0.4% in March. Actual was an increase of 1.1%Crude oil gained $2.28 to a three year high at $68.60...Read More
The TSX Composite Index is expected to open slightly higher in quiet trading this morning.The Index is expected to respond to closed equity markets in the U.S. and U.K where annual holidays are celebrated. The TSX Composite Index at 19,852.18 at the close on Friday is expected to test the 20,000 level in early trade.Canadian energy equities are expected to open higher thanks to higher energy price...Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look....Read More
The markets for the lithium complex in Asia were mostly steady over the week ended Thursday May 27, except for the domestic Chinese market for lithium carbonate, which was under pressure due to rising supply and weaker demand.Lithium carbonate prices in China soften on increasing supply and weakening demandSeaborne Asian lithium complex steady amid persistent tight supplyEurope, US spot lithium co...Read More
Key data from Fastmarkets' pricing sessions in Europe, the United States and China on Friday May 28.China The China ferro-silicon price narrowed downward slightly following a correction of the previous price rally, but the general sentiment remained positive amid Ningxia's production cuts related to the dual control of energy consumption, with suppliers' offers broadly holding firm. The China ferr...Read More