Key data from the pricing session in London on Wednesday February 3Key driversSpot cobalt metal prices continued to rally during the Wednesday February 3 pricing session against a backdrop of a tightening in availability from producers and sellers offering aggressively amid...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi ...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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 assessed Cobalt alloy...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, in-whs Rotterdam, $/lb at 20.50-22.15 on Wednesday February 03, 2021.Pur...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 3. Key drivers European titanium scrap markets resumed price increases over the week on tightening supplies. Both low and high tin content turnings are particularly hard to source, with other feedstock to make ferro-titanium, such as vacuum-grade and sponge, also pushing higher as alternative feeds are sought.Scrap price g...Read More
A hazy outlook for China's ferrous sector after the upcoming Chinese New Year holiday is overwhelming the Asian steel industry, resulting in a market divided on prices and purchasing decisions, sources told Fastmarkets this week.Steel demand"The situation for the Chinese steel market is unclear now. It's not clear whether demand will rebound after the Chinese New Year. Many market participants in...Read More
Market activity in China's UG2 chrome ore and ferro-chrome markets slowed down ahead of the country's Lunar New Year holiday, but the confidence in the near-term outlook continued to support the markets in the week to Tuesday February 2. Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China settled at $169 per tonne on Tuesday, up by $4 per tonne (2.4%) from $165 p...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.Asian-Pacific equities and major western pre-market equity index futures were weaker this morning. Overall the base metals are looking heavy.Base metalsThree-month alumin...Read More
Copper cathode premiums in China rose on Tuesday February 2, with market participants expecting strong buying activity on expectations of restricted supply after the country's Lunar New Year holiday comes to an end in mid-February.China premiums up but buying muted ahead of holidaySupply issues in Japan, Chile restricting availabilityLondon Metal Exchange price drop encourages some spot buying.Sha...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 2.Please click...Read More
The frenzy of buying activity in silver, attributed to a group of retail investors using the Reddit forum r/WallStreetBets and other social media sites, is waning.The silver surge - which began on January 27 and saw the price of the industrial metal soar to an eight-year high of more than $30 per oz before slipping to just below $27 per oz by Tuesday January 2 - followed a phenomenal upswell in th...Read More
Chilean copper output plummeted in December amid lower activity at Codelco, Escondida and other major mines, data from the country's copper commission, Cochilco, showed on Tuesday February 2.Production hit 499,700 tonnes in December, down by 9.4% year on year from 551,500 tonnes. Additionally, full-year output reached 5.73 million tonnes in 2020, a 1% decrease from 5.79 million tonnes in 2019.Lowe...Read More
An overview of the chrome ore and alloy markets on Tuesday February 2 and their latest price moves.China Domestic ferro-chrome prices rose for the seventh consecutive week but at slower rate than recent sessions while bullishness continued with tight alloy availability and rising stainless steel prices. The charge chrome market ticked up with little spot liquidity while major suppliers reported ti...Read More
South African manganese miner Assmang has declared force majeure on some shipments after state transport provider Transnet issued the same notice last week. Assmang's notice refers to immediate vessels that will be slightly delayed due to rail closures caused by severe rain and flooding, Fastmarkets understands. Transnet declared force majeure on Friday January 29 after rains washed away parts of...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
A return of buying activity in the selenium market and larger traded volumes since the start of 2021 have renewed price optimism among some market participants. Fastmarkets assessed the price of selenium, 99.5% Se min, in-whs Rotterdam at $6-7 per lb on Friday January 29, stable from the midweek assessment but up by 8.3% from $5.50-6.50 per lb a month ago amid improved liquidity. The majority...Read More
Ferrous scrap prices in Mexico started to decline from all-time highs in the week ended on Friday January 29, with several mills reducing their buying price for the steelmaking raw material and announcing further price cuts.In both Baj?-o and Monterrey, price cuts of 100-300 pesos ($5-15) were reported last week. The movement is expected to be followed by weekly price reductions, which could...Read More
Turkish steelmakers continued to hold back from deep-sea scrap purchases amid falling prices, sources said on Tuesday February 2.The most recent deals were heard nearly a week ago, late on Wednesday January 27, when two US cargoes were booked.A steel mill in the Iskenderun region booked a cargo from the United States, comprising HMS 1&2 (80:20) at $416 per tonne, shredded at $421 per tonne and bon...Read More