Tin's three-month price reached a new all-time peak on the London Metal Exchange on Friday July 16, with supply concerns from Southeast Asia - due to the spread of the delta variant of Covid-19 - also supporting most prices.Tin's benchmark futures price has jumped by 63% since the start of the year, when the metal was priced $20,735 per tonne. It closed at $33,600 per tonne on Friday, a 1.4% gain...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Key data from Fastmarkets' pricing sessions in the United States, China and Europe for the week ended Friday July 16.China The export ferro-silicon market edged lower over the week, with few inquiries or deals made. Spot availability was still quite tight even though Wuzhong city in Ningxia started a round of production cuts to meet dual energy consumption targets. The ferro-silicon price in Japan...Read More
An overview of the aerospace materials markets and the latest price moves.Carrie Shi, Jessica Long and Ruby...Read More
The timing could not be better given China's Ganfeng Lithium announced acquisition of Argentina-focused Millennial Lithium for up to C$353 million for its Pastos Grandes project in Salta.Read More
Treatment and refining charges (TC/RCs) paid for copper concentrates became noticeably firmer over the past week, with smelters pressing home their negotiating advantage for the few cargoes that traded.Fastmarkets' copper concentrates TC index, cif Asia Pacific, was calculated at $47.40 per tonne/4.74 cents per lb for the week to Friday July 16, up from $42.40...Read More
Adam HamiltonArchivesJul 16, 2021 The gold miners' stocks are still grinding sideways after last month's Fed-rate-hike scare. This technical basing is laying the foundation for this interrupted gold-stock upleg to rebound. Today's low gold-stock prices relative to the metal they mine will amplify that coming upside. The leading gold-stock index was just slammed back down to the support of its secu...Read More
Looming steel production curbs are a major swing factor facing China's steel sector in the second half (H2) of the year.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Declan...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
The Turkish steel mills continued to limit their deep-sea scrap bookings due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.Turkish mills restrict deep-sea purchases to put downward pressure on pricesSummer slowdown hits US export marketCovid-19 pandemic shuts down local long steel and scrap markets in VietnamDomestic supply ti...Read More
The price of austenitic stainless steel scrap remained steady in the week to Friday July 16 ahead of the summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,352- 2,491) per tonne on July 16, unchanged week on week.In the UK and in Europe, there is a summer slowdown in July and Aug...Read More
The inter-merchant light iron scrap market in the United Kingdom was up ?5 ($6.92) per tonne in the week to Friday July 16 amid firm fundamentals, with some sources suggesting the market may consolidate higher in the near term while others say a correction may be likely due to the steel summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old li...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Lithium prices in Asia were broadly firm in the week ended Thursday July 15, with technical-grade lithium carbonate outperforming other grades amid good restocking appetite among traders.Lithium prices in the domestic Chinese market were broadly steady, with technical-grade lithium carbonate prices continuing to rise.Battery-grade lithium prices in the seaborne Asian market were also stable amid t...Read More
Flat-rolled steel import prices increased in South America during the week ended Friday July 16 amid higher freight rates from China and the first deals for September-shipment cargoes of Brazilian and Japanese origin, market participants told Fastmarkets."Freight from China... was heard to be still rising. This is creating big headaches for traders," a mill source said.A vessel shortage and less b...Read More
Prices in the Turkish flat steel market reduced over the week to Friday July 16 due to lower demand prior to the long holiday period, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $1,050-1,070 per tonne on July 16, down from $1,060-1,100 per tonne the previous week.HRC offers were mostly heard at $1,050 per tonne ex...Read More
I can tell my girlfriend anything - anything except: "We don't have time to stop at Starbucks (NASDAQ: SBUX) right now."Lucky for me, she lives in an area where there are five Starbucks within a square mile, so I never have to say that, even if time is ticking and we're on the go. My girlfriend fires up her Starbucks app, places our order, and we're in and out in no time. Getting our "fix" is almo...Read More
Hot-rolled coil in the India's domestic market continues to sell at discount of 3,000-3,500 ($40-47) rupees per tonne compared with mill pricing.Domestic HRC producers' prices, however, were stable this past week despite the price undercutting.Fastmarkets assessed steel HRC, domestic ex-warehouse India at 67,000-68,500 rupees per tonne on Friday July 16, unchanged from the previous week....Read More
The steel wire rod market in Poland was flat in the week to Friday July 16 with local producers sold out for July and holding back from August rolling offers, source told Fastmarkets.Several sources suggested that Polish producers may attempt to push for ?,?20-50 ($24-59) per tonne price increases for August rolling offers due to increased scrap costs, but the summer slowdown and high current pric...Read More