Domestic prices for both hot-rolled coil and cold-rolled coil in Turkey have increased over the week to Friday July 24, supported by higher raw material costs, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey, was $450-460 per tonne on July 24, up by $10 per tonne week on week from $440-450 per tonne on July 17.The assessment was based on avera...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

Three-month base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday July 24, with a continued uptrend in the numbers of Covid-19 cases in the US prompting broad risk-off sentiment across the country's trading hours.Disappointing US manufacturing data added further headwinds.Copper's outright price on the LME was the biggest loser on the day, declining by...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

Fastmarkets' copper concentrates treatment and refining charge (TC/RC) index shifted higher on Friday July 24 due to shipments from Chile continuing despite concerns over potential coronavirus shutdowns. The benchmark copper concentrate TC/RC index, cif Asia Pacific rebounded from $45.60 per tonne / 4.56 cents per lb last week, the lowest level since Fastmarkets started publishing the index...Read More

European copper producer Aurubis has begun the process to gain the International Copper Alliance's (ICA) Copper Mark at its metal processing facility in Pirdop, Bulgaria, it said on Friday July 24. Aurubis will sign a letter of commitment to the Copper Mark, whereby the plant will agree to subject itself to a six-month criteria self-assessment. Following this, an external assessment will commence...Read More

The Chinese domestic alumina price fell on Thursday July 23 in response to plans to resume idled alumina capacities and due to a contracting aluminium price on the Shanghai Futures Exchange. Market sources told Fastmarkets 2.1 million tonnes of idled alumina capacity will restart at the end of July while another 1 million is expected to resume in August. The decision to restart the capacity was ta...Read More

Rusal's Krasnoyarsk aluminium smelter in Russia has completed its transition to a process known as EcoSoderberg as part of the company's modernization and environmental program, the aluminium producer said on Friday July 24. The EcoSoderberg process significantly reduces emissions - particularly for emissions of tarry materials - at its second-largest smelter, which has a nameplate capacity of 1.0...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company, which processes tailings from Codelco's giant El Teniente mine under a long-term contract, says the June-quarter production rate is in line with its revised guidance after drought conditions earlier this year forced it to wind back operations.MVC copper production from fresh and Cauquenes tailings in the June quarter w...Read More

The nickel sulfate price in China rose by 1.1% week on week on Friday July 24, supported by firm producer offers and limited spot supply. Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China price at 23,200-23,500 yuan ($3,306-3,349) per tonne on Friday, up from 23,000-23,2000 yuan per tonne a prior week. Domestic nickel sulfate producers held their offers f...Read More

Lead stocks in Shanghai Futures Exchange-registered warehouses recorded the largest decrease in percentage terms in the base metals complex in the week to Friday July 24, losing 12.6 %, or 5,111 tonnes, to total 35,436 tonnes.The largest drawdown came from the Zhejiang Tianchuan warehouse in Zhejiang province, with inventories of the heavy metal down by 3,289 tonnes at 19,299 tonnes compared with...Read More

ArcelorMittal M?(C)xico's integrated steel mill at L??zaro C??rdenas, in the country's western Michoac??n state, has been partly closed by local municipal officials because of alleged tax irregularities, the company said on Thursday July 23.The L??zaro C??rdenas city authorities claim that ArcelorMittal has failed to pay its full property taxes in the past six years, and have demanded payment of 1...Read More

The base metals were polarized this morning, Friday July 24, with prices on the London Metal Exchange down across the board, while the opposite was true for those on the Shanghai Futures Exchange.* Asian-Pacific equities and major western pre-market equity futures indices were in negative territory this morning.* Haven assets like gold, US treasuries and the yen are all pointing to a pick-up in in...Read More

(Updates prices) By Peter Hobson LONDON, July 24 (Reuters) - A deepening U.S.-Chinaconfrontation put copper on track for its first weekly losssince mid-May, but analysts expect recovering demand and lowstocks to keep prices high. Benchmark copper on the London Metal Exchange (LME)was 2% down at $6,413 a tonne at 1620 GMT on Friday for a weeklydecline of about 0.5%. However, prices remain close to...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Friday July 24 despite a seasonal demand decline, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?408.21 ($474.95) per tonne on July 24, up by just ?,?0.52 per tonne from ?,?407.69 per tonne on Thursday July 23.Friday's index...Read More

Domestic steel rebar producers in Poland increased their prices as expected in the week to Friday July 24, although so far buyers have been reluctant to accept the new levels, sources told Fastmarkets.Buying activity started to slow this week due to the onset of the vacation season, sources said.The construction sector was still performing well in the country, but even however, things be...Read More

Indian mills have achieved an increase of $15 per tonne in their export prices for hot-rolled coil in the week ended Friday July 24, on exports to South-east Asia and Africa.The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $465-470 per tonne on July 24, up by $15 per tonne compared with last week's assessment at $450-455 per tonne fob Indi...Read More

Intel (INTC), a Dow Jones Industrial stock moved below $56.76 setting an intermediate downtrend. The stock responded to lower than consensus third quarter guidance. Pre-opening Comments for Friday July 24thU.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. Intel dropped $8.16 to $52.24 after lowering third quarter guidance. Mizuho and S...Read More

Global ferrous scrap prices across all key markets surged during the week to Friday July 24, with the momentum showing no sign of easing, according to market sources. Turkey continues to book more deep-sea cargoes United States prices move up on Turkish buying Vietnam scrap gets swept up in global increase Taiwan fails to halt price increases India sees improvement on price despite weak sentiment...Read More