The London Metal Exchange copper three-month price continued to break records on Monday November 16, with more than 30,000 lots of the metal exchanged by 5pm, a volume last reached in March 2020.Copper's three-month price opened at $7,142.50 per tonne on Monday, its highest since June 2018. The red metal's three-month price at the end of the day was $7,108.50 per tonne, a 1.8% increase from Friday...Read More

The seaborne premium hard coking coal fob price fell on Monday November 16 amid a weak market, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $100.38 per tonne, down $4.02 per tonne Premium hard coking coal, cfr Jingtang: $154.32 per tonne, up $0.74 per tonneHard coking coal, fob DBCT: $95.80 per tonne, up $0.77 per tonneHard coking coal, cfr Jingtang: $141.68 per...Read More

Seaborne iron ore prices made gains on Monday November 16 amid support from positive data for steel reinforcing bar (rebar), which had increased sales in the spot market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.07 per tonne, up $1.70 per tonne62% Fe low-alumina fines, cfr Qingdao: $124.35 per tonne, up $1.25 per tonne58% Fe fines high-grade premium, cf...Read More

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More

What does technical analysis of gold & silver reveal as a possible trend over the next several weeks? by Steve St Angelo of SRSrocco ReportIn my newest Gold & Silver market update, I discuss the short-term technicals on the precious metals and what they reveal as a possible trend over the next several weeks. Both gold and silver are setting up into some interesting triangle technical formations...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? Flat steel product prices in the United States moved largely in line with our expectations in October, although the increases slightly outpaced our projections. US hot-rolled coil prices averaged $655 per ton in October, exceeding our forecast price of $640 per...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Flat product prices in the US moved largely in line with our expectations in October, posting impressive gains across the product range, and slightly exceeding our forecasts for coil products.Domestic hot-rolled coil prices averaged $722 per tonne in October, exceeding our forecast of $705 per tonne forecast price.Although w...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Approaching the end of the calendar year, steelmakers and consumers enter a busy period of contract negotiations for supply for 2021 or at least the first quarter or half year.With the sharp increases in spot market steel prices during recent months, steelmakers are understandably looking to take advantage and secure higher c...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US ERW OCTG edges higher, seamless could followRising substrate costs helped support US ERW OCTG prices this month, especially at the upper end of the range of offers. Seamless OCTG and linepipe prices, meanwhile, held firm compared with September prices. The fundamentals remain weak, with rig counts going up...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloys forecast highlights:Prices across most ore and alloy markets trended higher in September, buoyed by improving demand from steelmakers with the end of the summer holiday season in Europe and the United States, as well as maintained demand from Chinese steel mills. Tightening of alloy inventories...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese blast furnace (BF) utilization rates have stagnated and iron ore port stock volumes are rising, reaching their highest levels since March, which suggests that iron ore supply is becoming excessive while demand is not growing. Unsurprisingly, prices dropped last week and we expect the trend to continue. The market has...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.We do not consider the average iron ore fines price for September so far above $125 per tonne cfr Qingdao to be sustainable. The bullishness is not likely to last in the long term as we expect Chinese demand growth to slow down. A key factor boosting Chinese steel demand so far has been the stimulus policies from the authori...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More

Domestic prices for steel hot-rolled coil increased in Northern Europe in the week to Friday November 13, due to good order books at European mills amid long lead times and limited offers of imported coil.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?525.10 ($621.33) per tonne on November 13, up by ?,?12.57 per tonne week on week and by ?,?31.35...Read More

The London Metal Exchange copper three-month price continued to break records on Monday November 16, with more than 30,000 lots of the metal exchanged by 5pm, a volume last reached in March 2020.Copper's three-month price opened at $7,142.50 per tonne on Monday, its highest since June 2018. The red metal's three-month price at the end of the day was $7,108.50 per tonne, a 1.8% increase from Friday...Read More

RAPAPORT... Belgium's polished-diamond exports fell 6% year on year to $629 million in October as lower shipments to Hong Kong and France outweighed a rise in orders from the US. However, unusually high-value exports to France in October 2019 skewed the year-on-year comparison, a spokesperson for the Antwerp World Diamond Centre (AWDC) noted Monday.Rough trading increased amid stronger s...Read More