Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Rising stocks of concentrate, high treatment charges and difficulties in selling less desirable qualities of concentrate was expected to result in mine production losses over the next few years. But coronavirus has changed this dynami...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 11.China Domestic spot prices hit a two-year peak amid looming concerns over supply tightness after Zhongwei city ordered ferro-alloys refineries to shut down to tackle pollution during winter period.The futures market responded sharply to the news of winter production cuts, with the most-t...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game. What challenges do...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.Wood Mackenzie senior...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.What does tight oil have in common with Facebook, Apple, Amazon, Netflix and Alphabet's Google stocks (known as FAANG stocks)? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It's the hot investment...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Disruptions to the metals markets, as well as the sentiment change due to the coronavirus (COVID-19), have dominated metals markets and price movements so far in 2020. The metals markets are moving faster than ever driven by announcem...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.As electric vehicles have grown in popularity, increasing attention has been placed on raw materials such as lithium, cobalt and nickel for batteries, but the story extends further.Fully electric vehicles will require four times...Read More
Zinc showed the biggest fall in its three-month price on the London Metals Exchange at the 5pm close on Friday December 11, with other base metals ending the week around established highs after days of rallying to new year-to-date peaks.The LME base-metals complex was boosted during the week by positive sentiment, driven by an expectation that the Food & Drug Administration (FDA) in the United Sta...Read More
Key data from Fastmarkets' pricing session in Europe on Friday December 11. Key drivers: European sellers reported strong export demand to Asia as the key tailwind for higher offers for 226 ingots, with some indicating that Asian buyers are increasing offers by ?,?100 ($121) per day. Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed due to a s...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
Spot copper concentrate treatment and refining charges were largely unchanged over the week to Friday December 11, reflected in hand-to-mouth buying from smelters. Fastmarkets' copper concentrates TC index, cif Asia Pacific was $44 per tonne on Friday, down from $44.80 per tonne a week before. Deals reported to Fastmarkets continue to show smelter buying between $47 and $49 per tonne for clea...Read More
Deliverable base metals stock volumes in Shanghai Futures Exchange-registered warehouses were mostly lower on a weekly comparison in the seven days to Friday December 11, with copper and zinc registering the biggest fall in percentage terms of 16%. Copper stocks declined by 15,691 tonnes to 82,092 tonnes from 97,783 tonnes the week before. The Shanggang Wuliu warehouse in Shanghai saw the largest...Read More
Waiting times for aluminium at Istim warehouses in Port Klang, Malaysia, fell to just 30 days at the end of November, according to the London Metal Exchange's latest queue report.This queue time is significantly lower than the 71 days recorded at the end of October. There has been a queue for aluminium at Istim warehouses in Port Klang every month so far in 2020.Queues for aluminium ...Read More
The London Metal Exchange three-month copper price came close to $8,000 per tonne during early morning trading before retreating by 9am on Friday December 11, with the complex hovering around recent highs on positive Covid-19 vaccine news out of the United States. The copper price touched $7,973.50 per tonne on Friday morning, setting a new 2020 high and returning to levels not seen since late Feb...Read More
Rails made from "green steel" by Liberty France, a subsidiary of the Liberty Steel Group, have been approved for use on the French rail network by national service supplier SNCF R?(C)seau, the company said on Thursday December 10.The key focus for Liberty after it acquired the operations in August this year was to connect the Ascoval steelworks near Saint-Saulve with the Hayange rail mill in Mosel...Read More
Prices for cold-rolled and galvanized steel sheet in the United States spiked after mills figured out just how little spot tonnage they will be able to offer in the new year.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US jumped to $52 per hundredweight ($1,040 per short ton) on Thursday December 10, from $49.50 per cwt ($990 per ton) the week before. The assessment ha...Read More
ArcelorMittal restarted blast furnace No2 at its Dunkirk operations in northern France this week, in a bid to increase hot-rolled coil output to meet growing demand, the company said.The 1.4-million-tonnes-per-year blast furnace was restarted after having been idled in spring 2020 due to falling demand for steel in Europe caused by restrictions put in place to combat the spread of&n...Read More
Domestic prices for hot-rolled coil increased day on day in Northern Europe on Friday December 11 due to a materials shortage in the market combined with good demand from distributors, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?606.25 ($734.10) per tonne on Friday, up by ?,?1.25 per tonne day on day from ?,?605.0...Read More
Flat steel prices in the Turkish market continued to increase sharply in the week to Friday December 11, on strong demand, low stock levels and expectations that prices will rise further, sources told Fastmarkets.Most flat steel buyers believe prices have more room to increase because of strong demand and prices in the global market.Fastmarkets' daily index for steel hot-rolled coil index export,...Read More
Demand for coated steel products in the domestic Turkish market was strong in the week to Friday December 11 while supply was still limited, sources told Fastmarkets.As a result, prices kept increasing during the week, reaching their highest levels since the end of 2012.Some coated coil producers sold limited quantities of product at the beginning of the week, and then closed their orderbooks.The...Read More