Prices for seaborne iron ore pellets edged up in the week ended Friday October 30 with demand being stimulated by sintering restrictions and costlier coke in China, while those for concentrate weakened.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $126.39 per tonne, down $4.33 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $150.55 per tonne, up $1.58 per tonne.Key driversApart...Read More
Trading activity in the seaborne iron ore market was slower in October than in the preceding few months, which dragged down the volumes of derivatives traded as well. The October average of Fastmarkets' daily 65% Fe Brazil-origin iron ore index dropped by 2.6% month on month to $132.90 per tonne while that for the daily 62% Fe index fell by 2.7% to $120.20 per tonne.This resulted in an average spr...Read More
China's domestic rebar prices gained strength on Monday November 2 on market participants' expectation of a rush to complete construction projects before the onset of a colder-than-usual winter.DomesticEastern China (Shanghai): 3,810-3,840 yuan ($568-573) per tonne, up by 60 yuan per tonneChinese weather officials have forecast a colder winter this year due to the La Nina weather phenomenon. The f...Read More
China's government has launched a new energy vehicle (NEV) industry development plan to run from 2021 to 2035 in order to promote and stimulate high-quality, sustainable development of China's new energy automotive industry, according to an official announcement on Monday November 2.China's government has continued its efforts to support and stimulate the development of the NEV industry, and the l...Read More
Key data from Fastmarkets' pricing session in London on Friday October 30.Key drivers Prices moved up for both grades for the first time since July 3 on a slight increase in activity.Prices have been partially supported by higher offers from China, in line with rapidly rising domestic prices that are being driven by higher production costs...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More
Belgian battery-materials manufacturer Umicore expects a solid performance in 2020 despite unprecedented and challenging market conditions amid the global Covid-19 pandemic, the company said on Monday November 2. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the range of ?,?465-490 million ($542-571 million) on the condition that the ongoing spread o...Read More
Key data from the pricing session in the Shanghai on Friday October 30. Key drivers The price range widened downward on lower offer prices issued to facilitate sales. Supply is ample and demand is limited, adding bearish sentiment to...Read More
Chinese silicon exporters raised their offers in the week to Friday October 30, in line with quickly rising domestic prices that are being driven by higher production costs and tight prompt supply, sources told Fastmarkets.Fastmarkets' weekly price assessment for silicon export 98.5% Si min, fob China was $1,680-1,720 per tonne on Friday, up by $50-80 (5.3%) from $1,600-1,630 per tonne a week earl...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Global silico-manganese output rose by 3.3% month on month in September, supported by rising production in Asia and Oceania, Europe, Africa and the Middle East, the latest data from the International Manganese Institute (IMnI) shows. Following a month-on-month rise of 0.6% in August, world supply of silico-manganese grew to around 1.50 million tonnes in September, marking a drop of 8.7% year on ye...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 expect the liquidity pumps to remain switched on, which is su...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 40 points in pre-opening trade.Bausch Health added $0.91 to US$18.25 after reporting higher than consensus third quarter revenues.Wayfair advanced $29.90 to $285.54 after reporting higher than consensus third quarter revenues and earnings.McKesson gained $5.97 to $158.00 after reporting higher than consensus fiscal sec...Read More
Here are five Fastmarkets stories you might have missed on Friday October 30 that are worth another look.The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021.Aluminium stocks at Shanghai-bonded warehouses surged by over 200%...Read More
Here are five Fastmarkets stories you might have missed on Friday October 30 that are worth another look.The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021.Aluminium stocks at Shanghai-bonded warehouses surged by over 200%...Read More
The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021. The EC announced the quotas on Friday October 30. These will apply to several steel products, including hot-rolled, cold-rolled and hot-dipped galvanizing coil originating from the UK. Any volumes sold exceeding the quotas will be subject to 25% duty. "Pur...Read More
A summary of Glencore's 2020 third-quarter production report for the coal sector, released on Friday October 30, where the company maintained its 2020 full-year production guidance except coal, which was adjusted for the extended strike at the Cerrejon mine.In brief The company's year-to-date (YTD) coal production of 83.5 million tonnes was 20.5 million tonnes or 20% lower than the comparable prio...Read More
Here are five Fastmarkets stories you might have missed on Friday October 30 that are worth another look.The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021.Aluminium stocks at Shanghai-bonded warehouses surged by over 200%...Read More