Initial U.S. jobless claims totaled just over 1 million for the week ending Aug. 22, down from 1.104 million in the previous week.Continue...Read More
"People in charge from the governor of Wisconsin on down refused to enforce the law. They stood back and watched Kenosha burn. So are we really surprised this looting and arson accelerated to murder? Continue...Read More
This adds to a growing body of literature showing that human exposure to air pollution can have lasting, harmful effects on human health.Continue...Read More
Wall Street was predicting an historic announcement out of Jerome Powell and the Federal Reserve on Thursday morning. And the Fed once again delivered, as it essentially made an official promise to hyperinflate the world's reserve currency.Of course there were a lot of statements mixed in which were designed to mislead investors, and fortunately Dave Kranzler of Investment Research Dynamics joined...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US market under pressureUS prices for welded pipe products were under pressure because market participants, especially distributors, have started to take steps to generate cash and were moving material if they were able to do so, even if it meant selling at low prices.We expect more such "fire sales" in the coming months, bu...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US market under pressureUS prices for welded pipe products were under pressure because market participants, especially distributors, have started to take steps to generate cash and were moving material if they were able to do so, even if it meant selling at low prices.We expect more such "fire sales" in the coming months, bu...Read More
Three-month prices for base metals on the London Metal Exchange were mostly flat at the close of trading on Thursday August 27, with investor sentiment jittery after US Federal Reserve chair Jerome Powell announced a greater focus on job security in Thursday's meeting, while tin futures performed best in high-volume trading.Powell highlighted targets for an average inflation rate of 2% over time,...Read More
The publication of Fastmarkets' European cobalt price assessments on Thursday August 27 was delayed due to technical issues.The Fastmarkets price book and database have both since been updated.The cobalt price assessments affected by the delay were:MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $ per lbMB-CO-0005 Cobalt standard grade, in-whs Rotterdam, $ per lbFor more information, or to provid...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More
Aluminium producers have begun their negotiations for the fourth-quarter Japan aluminium benchmark premium, and participants told Fastmarkets they expect premiums to rise, albeit marginally. The benchmark quarterly main Japanese ports (MJP) premium has fallen each quarter this year from $83 per tonne in the first quarter, to $82 per tonne in the second and $75-79 per tonne in the third quarte...Read More
Three-month prices for base metals on the London Metal Exchange were mostly flat at the close of trading on Thursday August 27, with investor sentiment jittery after US Federal Reserve chair Jerome Powell announced a greater focus on job security in Thursday's meeting, while tin futures performed best in high-volume trading.Powell highlighted targets for an average inflation rate of 2% over time,...Read More
Seaborne coking coal prices were relatively flat across the board despite recent transactions done in the fob market, although market participants agreed that India alone cannot support the premium for mid-volatility hard coking coal prices for long. Fastmarkets indicesPremium hard coking coal, fob DBCT: $105.92 per tonne, up $0.01 per tonne Premium hard coking coal, cfr Jingtang: $114.70 per tonn...Read More
Three-month base metals prices on the London Metal Exchange largely consolidated during morning trading on Thursday August 27, with thin turnover seeing price action largely unmoved, while continued weakness in the US dollar index failed to spur buying sentiment across metal markets ahead of this afternoon's Federal Reserve speech.Federal Reserve chair Jerome Powell is set to give a talk later on...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US market under pressureUS prices for welded pipe products were under pressure because market participants, especially distributors, have started to take steps to generate cash and were moving material if they were able to do so, even if it meant selling at low prices.We expect more such "fire sales" in the coming months, bu...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In the year 2020 to date in late August, the Fastmarkets 62% Fe iron ore benchmark has powered along and reached six-year highs, supported by Chinese demand, and despite the global economic uncertainty created by the Covid-19 pandemic. Iron ore demand has weakened almost everywhere except in China, where it has continued to...Read More
Aluminium producers have begun their negotiations for the fourth-quarter Japan aluminium benchmark premium, and participants told Fastmarkets they expect premiums to rise, albeit marginally. The benchmark quarterly main Japanese ports (MJP) premium has fallen each quarter this year from $83 per tonne in the first quarter, to $82 per tonne in the second and $75-79 per tonne in the third quarte...Read More
Italian re-rollers have failed to achieve price rises for heavy steel plate due to poor demand from main consuming segments, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was unchanged over the week at ?,?440-470 ($520-555) per tonne on August 26, compared with ?,?450-470 per tonne a week earlier.Official offers for material hav...Read More
Tin producer Alphamin Resources will benefit from a new ruling by the Democratic Republic of Congo (DRC) that will allow it and other miners to export concentrate from the central African country, the International Tin Association (ITA) said on Tuesday August 25.Export restrictions applying not only to tin but to tungsten, tantalum concentrate, and cobalt hydroxide and carbonate, were removed by t...Read More
Three-month base metals prices on the London Metal Exchange largely consolidated during morning trading on Thursday August 27, with thin turnover seeing price action largely unmoved, while continued weakness in the US dollar index failed to spur buying sentiment across metal markets ahead of this afternoon's Federal Reserve speech.Federal Reserve chair Jerome Powell is set to give a talk later on...Read More