China's domestic rebar prices dropped on Monday March 15 on destocking pressure despite a strengthening of the futures market.DomesticEastern China (Shanghai): 4,680-4,700 yuan ($720-723) per tonne, down by 20-30 yuan per tonne Tangshan has rolled back its emergency measures to combat heavy pollution.Blast furnaces in the city were producing at an average rate of 79% during the day, up by 3 percen...Read More
Aluminium's London Metal Exchange three-month price rose above $2,200 per tonne in early morning trading on Monday March 15, while the rest of the complex were consolidating from "early March weakness." Aluminium's price was up by 0.9% at $2,191 per tonne at 9am on Monday, having reached as high as $2,204 per tonne during early trading. LME aluminium warehouse data showed 44,725 tonnes of material...Read More
Markets are starting the week mixed with base metals prices and equities in different regions showing divergent performances this morning, Monday March 15. United States 10-year treasuries yields strong at 1.64%, showing risk-onChina's industrial production and retail sales climb more than expected......but unemployment also risesBase metals Three-month base metals prices on the London Metal Excha...Read More
Intense scrutiny of production curbs in China's Tangshan region - its steelmaking hub - kept prices for seaborne iron ore pellets supported in the week ended Friday March 12, though those for concentrate weakened amid falling futures.Fastmarkets iron ore indices65% Fe blast furnace pellet, cfr Qingdao: $227.43 per tonne, up $2.19 per tonne.66% Fe concentrate, cfr Qingdao: $194.84 per tonne, down $...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday March 12. United States Short supply supported the price rally that has now entered its eighth week. Spot demand remains good despite a slowdown in automaking related to a shortage of computer...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
Key data from Fastmarkets' pricing session on Friday March 12 in Shanghai.Key drivers China's export prices for manganese flake fell amid fewer overseas inquiries, with a majority of consumers remaining on the sidelines after completing...Read More
Key data from Fastmarkets' pricing session in China on Friday March 12.Key drivers Cobalt metal price in China falls amid weak market sentiment following a slump in local futures prices, while spot trading was thin due to buyers' reluctance to accept higher prices.Chinese cobalt tetroxide market was...Read More
The European spot ferro-silicon price resumed a longer-term trend higher during the week to Friday March 12 after a brief pause, with market worries about longer-term supplies prompting higher offers and deals, sources told Fastmarkets.Fastmarkets' price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe was ?,?1,360-1,450 ($1,625-1,732) per tonne ddp on Friday, up...Read More
Base metals prices were mixed this morning, with those on the London Metal Exchange mainly weaker, while prices on the Shanghai Futures Exchange were more mixed this morning, Tuesday March 16, but Asian-Pacific equities were upbeat.* United States 10-year treasuries yields have eased to 1.59%, from 1.64%* Wall Street equity indices set fresh record highs on MondayBase metalsThree-month base metals...Read More
Uranium ETF (URA) moved above $19.85 to a 6 year high extending an intermediate uptrend. Responding to recent strength in Cameco.Lockheed Martin (LMT), an S&P 100 stock moved above $347.63 completing a Reverse Head & Shoulders pattern.Starbucks (SBUX), a Dow Jones Industrial Average stock moved above $110.47 to an all-time high extending an intermediate uptrend.Pre-opening Comments for Tue...Read More
Here are five Fastmarkets stories you might have missed on Friday March 12 that are worth another look.Vale has started commissioning wet processing operations at its Timbopeba site, which is part of its Mariana iron ore complex in Brazil's southeastern Minas Gerais state, which will increase the mine's iron ore production capacity...Read More
Here are five Fastmarkets stories you might have missed on Friday March 12 that are worth another look.Vale has started commissioning wet processing operations at its Timbopeba site, which is part of its Mariana iron ore complex in Brazil's southeastern Minas Gerais state, which will increase the mine's iron ore production capacity...Read More
Here are five Fastmarkets stories you might have missed on Friday March 12 that are worth another look.Vale has started commissioning wet processing operations at its Timbopeba site, which is part of its Mariana iron ore complex in Brazil's southeastern Minas Gerais state, which will increase the mine's iron ore production capacity...Read More
Here are five Fastmarkets stories you might have missed on Friday March 12 that are worth another look.Vale has started commissioning wet processing operations at its Timbopeba site, which is part of its Mariana iron ore complex in Brazil's southeastern Minas Gerais state, which will increase the mine's iron ore production capacity...Read More
Here are five Fastmarkets stories you might have missed on Friday March 12 that are worth another look.Vale has started commissioning wet processing operations at its Timbopeba site, which is part of its Mariana iron ore complex in Brazil's southeastern Minas Gerais state, which will increase the mine's iron ore production capacity...Read More
Here are five Fastmarkets stories you might have missed on Friday March 12 that are worth another look.Vale has started commissioning wet processing operations at its Timbopeba site, which is part of its Mariana iron ore complex in Brazil's southeastern Minas Gerais state, which will increase the mine's iron ore production capacity...Read More
Markets are starting the week mixed with base metals prices and equities in different regions showing divergent performances this morning, Monday March 15.* United States 10-year treasuries yields strong at 1.64%, showing risk-on* China’s industrial production and retail sales climb more than expected...* ...but unemployment also risesBase metalsThree-month base metals prices on the London Me...Read More
Eli Lilly (LLY), an S&P 100 stock moved below $194.83 completing a double top pattern.MMM (MMM), an S&P 100 stock moved above $185.74 extending an intermediate uptrend.Rogers Communications (RCI) moved above US$48.93 and US$49.19 extending an intermediate uptrend. The stock is responding to news that RCI has offered to acquire Shaw Communications at Cdn$40.50 per share, a record high for a...Read More