The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More
Key data from Fastmarkets' pricing session in China on Wednesday November 4. Key driversChina's domestic gallium price narrowed upward after finding further support from continued firm offers.Several suppliers raised their offers further while some producers held back from offering in anticipation of higher prices in...Read More
Key data from Fastmarkets' pricing session in China on Wednesday November 4. Key driversPrice declined following lower offers in response to weak buying appetite.Traders remain cautious about building positions in the face of volatile changes on the Wuxi Stainless Steel Exchange.The December indium contract...Read More
A summary of stainless steel producer Aperam's results for the third quarter of 2020.In brief Aperam managed to increase shipments for the period driven by flexible multi-product business in Brazil and the demand recovery in Europe after Covid-19-related lockdowns earlier in the year were eased. Sales, however, were still down year-on-year due to weaker prices. The automotive industry, one of the...Read More
Brazilian ferro-alloys producer Ferbasa has reported a fire at its plant in the country that it warned may affect ferro-silicon production for about eight days, the company said on its website on Tuesday November 3.Ferbasa has the capacity to produce around 120,000 tonnes per year of ferro-silicon and sells its product domestically, while exporting alloy to the United States and Europe. The compan...Read More
The European high carbon ferro-chrome markets were largely stable in week to Tuesday November 3 despite concerns about Covid-19 inspiring caution among consumers, sources said.Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe assessment was stable at $0.88-1.03 per lb Cr for a second consecutive week on Tuesday November 3.Likewise, Fastmarkets' assessme...Read More
NASDAQ 100 and S&P 100 Breakouts This Morning ETF Breakouts This MorningMaterials SPDRs moved above $66.97 to an all-time high extending an intermediate uptrend.Semiconductor ETFs SMH and SOXX broke to all-time highsHong Kong iShares moved above $22.96 extending an intermediate uptrend.South Africa iShares moved above $40.56 extending an intermediate uptrend. Pre-opening Comments fo...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 3. Please click...Read More
The London Metal Exchange base metals complex closed up by 1.2% from the previous day's kerb on Tuesday November 3, buoyed by bullish expectations arising from the same day's United States presidential election.Conversely, the US dollar index was trading down by 0.64% around 93.40 during the afternoon session, in anticipation of the poll result, providing a significant tailwind for LME three-month...Read More
Chilean copper production was 0.8% lower year on year in September due to lower output from Escondida, the country's copper commission, Cochilco, said on Tuesday November 3. Mined copper content output totaled 479,900 tonnes in September, against 483,800 tonnes a year before, according to Cochilco's data. The country produced 4.26 million tonnes of copper in the January-September period, slightly...Read More
Key data from Fastmarkets' pricing sessions on Tuesday November 3 in China, Europe and the United States.China The UG2 chrome ore market continued to rally, backed by increased liquidity, with some consumers seeking to acquire material before South Africa's proposed chrome export tax is imposed. Other market participants preferred to sit out of the market until further information about the propos...Read More
Chilean copper production was 0.8% lower year on year in September due to lower output from Escondida, the country's copper commission, Cochilco, said on Tuesday November 3. Mined copper content output totaled 479,900 tonnes in September, against 483,800 tonnes a year before, according to Cochilco's data. The country produced 4.26 million tonnes of copper in the January-September period, slightly...Read More
Chile's state-run copper producer Codelco increased its production in the third quarter of 2020 despite setbacks due to temporary closures of some of its operations, reduced costs and higher earnings during that period, the company said on Friday October 30.Codelco produced 447,000 tonnes of copper in the quarter, including a minority share in some units, up by 1.6% from 440,000 tonnes in the thir...Read More
Prices continued to increase for some grades in Mexico's main steel scrap markets, amid strong domestic demand and expectations of higher prices for imported material.A few companies were heard to be increasing prices in both the Monterrey and Baj?-o regions, while the majority did not announce any price changes. But some scrap buyers were trying to secure batches and negotiating volumes at prices...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market amid growing uncertainty over the potential impact of the presidential election in the United States, sources said on Tuesday November 3.Mills in Turkey have been silent in the deep-sea scrap markets since the middle of last week after booking number of cargoes. Most market participants were waiting to see what impact the pr...Read More
The London Metal Exchange has approved the resignation of French bank Soci?(C)t?(C) G?(C)n?(C)rale from its Category II and LMEprecious membership structure, outlining in a note to members on Tuesday November 3 that the entity will no longer trade as a general clearing member of LMEClear with immediate effect. Soci?(C)t?(C) G?(C)n?(C)rale, also known as SocGen, began a refinement of its commodity...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Tuesday November 3, after markets were encouraged by generally robust manufacturing purchasing managers' index (PMI) data that came out on Monday. Regardless of who wins the US presidential election, the markets expects the liquidity pumps to remain switched on......which is suppor...Read More
Domestic prices for hot-rolled coil in Northern Europe have moved up on Tuesday November 3, supported by long lead times for delivery of the material, market sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?505.96 ($588.80) per tonne on Tuesday, up by ?,?0.96 per tonne from ?,?505.00 per tonne.The index was up by ?,?7....Read More
China's hot-rolled coil prices continued to increase on Tuesday November 3, which forced buyers in Vietnam to accept higher levels than the week prior, sources said.DomesticEastern China (Shanghai): 3,980-3,990 yuan ($594-596) per tonne, up 10 yuan per tonneSellers in eastern China raised their offers amid futures gains in the morning session before futures prices fell in the afternoon, yet offers...Read More