Seaborne iron ore prices continued to retreat on Tuesday August 6 with sellers still more pressured than buyers to complete deals. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $97.55 per tonne, down $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $96.05 per tonne, down $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines,...Read More
US to impose 10% tariff on...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it&...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transactions: iron oreIron oreRio Tinto, bilateral sale, 170,000 tonnes of 62% Fe Pilbara Blend...Read More
Aluminium Follow-through selling pressure pushed the LME three-month...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecast...Read More
The imported steel billet market in Algeria is expected to become tighter by the end of the year amid the development of local production capacities, sources told Fastmarkets."The [import billet market] is very close. It's not easy to do business with the two majors buyers of billet [Tosyali and Algerian Qatari Steel (AQS)]. Besides, Tosyali is working with [direct reduced iron] DRI and AQS will w...Read More
Have we been too optimistic on...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Not such a tight lead...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’...Read More
Brazilian iron ore exports fell by 4.7% on the year in July, with Vale's successful resumption of some of its suspended operations slowing the rate of decrease in comparison with those a few months earlier, data released last week by Brazil's ministry of economy showed.The country exported 34.27 million tonnes of the steelmaking raw material last month, compared with 35.96 million tonnes a year ea...Read More
Supply concerns still buoying nickel prices... In next...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More
Another week, another fresh low The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
Fresh year-to-date price lows Zinc prices...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Physical tin market participants disagree over the next move in the price, with some telling Fastmarkets that it could rebound after a slide of more than 12% over the past two months although weak demand and erratic stock moves continue to dent momentum. On the London Metal Exchange, the three-month tin price has fallen by 12.7% since June 5 from above $19,000 per tonne. The price is also down by...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures advanced 24 points in pre-opening trade. Index futures responded to news that China has taken steps to stabilize the Yuan relative to the U.S. Dollar. International Flavours and Fragrances (IFF $141.47) is expected to open lower after the company lowered guidance for the remainder of 2019.Bausch Health added $0.65 to U.S. $23...Read More
China's domestic rebar prices held steady on Tuesday August 6, but export prices for the long steel product fell as a result of a weaker yuan. Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($538-542) per tonne, unchangedNorthern China (Beijing): 3,730-3,760 yuan per tonne, unchangedTraders kept prices flat during the day to see how the futures market develops.Sellers would not have been able...Read More
Observers of the copper market are looking at a trend that started in 2001 to determine where the market could find support after five days of successive selling took the price to two-year lows by Monday August 5.At $5,665 per tonne, the London Metal Exchange's benchmark three-month copper futures contract was down by 5.9% since Tuesday last week, having sold off again on Monday amid a worsening d...Read More
Three-month base metals prices on the London Metal Exchange were collectively higher during morning trading on Tuesday August 6, with lead futures leading the way with a 1.4% uptick.Pressuring the lead price lower in recent weeks, fresh inflows of just under 30,000 tonnes staggered across July 30-August 2 led the commodity to shed around 6% of its price and slip below the $2,000-per-tonne support...Read More
Hong Kong Exchange (HKEX) introduced six new dollar-dominated base metals mini contracts on Monday August 5 to provide more convenient arbitrage or hedging tools and a lower trading threshold for investors globally.The aluminium, zinc, copper, nickel, tin and lead contracts are cash-settled against the LME closing price of the third Wednesday of the spot month and trade on a monthly basis. There w...Read More
Aluminium premiums in Rotterdam and throughout Europe remained resilient through July, driven by tighter supplies in the region and favorable spreads on the London Metal Exchange.Fastmarkets assessed the aluminium P1020A premium, in-whs dup Rotterdam, which is the region's benchmark, at a one-year high of $95-105 per tonne on Monday August 5. The premium, which rose to its current level on July 22...Read More