Base Metal Stock Articles

CHINA REBAR: Prices rise on announcement of Tangshan steelmaking curbs

October 13, 2020 / Staff reporter

China's domestic rebar prices surged on Monday October 12 after local authorities in the country's steel hub of Tangshan in the northern region confirmed steelmaking restrictions for the next six months.DomesticEastern China (Shanghai): 3,720-3,750 yuan ($554-558) per tonne, up by 50 yuan per tonneA total of 28 out of 30 steel mills in Tangshan are required to cut their blast furnace operating rat...Read More

5N Plus enters 3D printing market as powder supplier

October 13, 2020 / Staff reporter

Canadian minor metals and speciality chemicals producer 5N Plus has entered the additive manufacturing market, also known as the 3D printing market, as a supplier of high-performance engineered powders, the company has told Fastmarkets."As a new entrant to the market, 5N Plus will initially focus on the technologically challenging and smaller markets within micro-electronics and semiconductor appl...Read More

Trade Log: Cobalt standard grade, in-whs Rotterdam, $/lb

October 13, 2020 / Staff reporter

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 standard grade,...Read More

Trade Log: Cobalt alloy grade, in-whs Rotterdam, $/lb

October 13, 2020 / Staff reporter

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 process it applies. Fastmarkets assessed...Read More

MORNING VIEW: Base metals prices mixed, but sentiment more bullish again

October 13, 2020 / Staff reporter

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday October 12, but sentiment has turned more bullish, especially in aluminium, since China returned from its Golden Week holiday. Expectations for extra stimulus in the United States have kept equities buoyant. China's markets underpinned by steady recovery and by the fact it appears to have...Read More

Cobalt metal, hydroxide markets underpinned in China's absence

October 13, 2020 / Staff reporter

Cobalt prices and payables held steady in the first full week of October trading, with sellers holding out to sell higher while waiting for further cues on intermediates restocking from China after the country's October 1-8 Golden Week holiday.Fastmarkets' cobalt hydroxide indicator, min 30% Co stood at 77.5-78.5% last Friday October 9, unchanged since September 23, while the cobalt hydroxide inde...Read More

Thyssenkrupp denies starting sales process for Italian stainless mill

October 13, 2020 / Staff reporter

German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on Monday October 12.Last week, several reports appeared in the global press indicating that Thyssenkrupp has initiated a sale process for AST.Thyssenkrupp, however, denied such speculation. "At t...Read More

Weakening sentiment sends further pressure to seaborne manganese ore market

October 13, 2020 / Staff reporter

Lingering weakness in market sentiment continued to put downward pressure on seaborne low- and high-grade manganese ore prices in China in the week to Friday October 9.Chinese participants began to return to the market on Friday after the Golden Week national holiday on October 1-8. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.10 per dry metric tonne unit (dmtu) on F...Read More

Tsingshan maintains ferro-chrome tender price for October

October 13, 2020 / Staff reporter

Chinese stainless steel producer Tsingshan Group has set its ferro-chrome tender price for October delivery at the same level as the prior month amid steady chrome ore prices and strong stainless steel production in recent months. The eastern China-headquartered mill set its October high-carbon ferro-chrome tender price at 5,997 yuan ($896) per tonne, for cargoes delivered to warehouse. The price...Read More

Singapore rebar import market stable on limited spot activity, weak demand

October 13, 2020 / Staff reporter

Prices for imported rebar in Singapore remained stable in the week to Monday October 12 due to no spot activity and limited demand from buyers, sources told Fastmarkets.Offers for Turkish rebar fell by $5-10 per tonne to $465 per tonne cfr Singapore on a theoretical weight basis from $470-475 per tonne cfr Singapore the previous week.The lower offers were due to falling scrap prices in Turkey, whi...Read More

Base metals prices mixed with LME down, SHFE up, as are equities

13 October 2020 / Staff reporter

Base metals prices on the London Metal Exchange were weaker across the board this morning, Tuesday October 13, while those on the Shanghai Futures Exchange were either unchanged or firmer, as were equities.* Equities seem to be maneuvering for a United States democratic presidency and all the extra stimulus that might bring.* But LME metals are not following equities this morning.Base metalsThree-...Read More

Tech Talk for Tuesday October 13th 2020

13/10/2020 / Staff reporter

Vietnam ETF (VNM) moved above $15.20 extending an intermediate uptrend.Wills Tower Watson (WLTW), a NASDAQ 100 stock moved above $218.58 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Tuesday October 13thU.S. equity indices moved lower this morning. S&P500 futures were down 6 points in pre-opening trade. Index futures were virtually unchanged following release...Read More

METALS-Copper nears multi-year highs on Chinese demand

Oct 12 2020 7:08AM / Reuters

(Updates prices) By Peter Hobson LONDON, Oct 12 (Reuters) - Copper touched a three-week highon Monday as demand from top consumer China and the threat ofstrikes by miners in Chile pushed prices closer to 27-monthhighs reached in September, though a strengthening yuan limitedgains. Benchmark three-month copper on the London MetalExchange (LME) was down 0.2% at $6,748 a tonne at 1600 GMT aftergoing...Read More

IN CASE YOU MISSED IT: 5 key stories from October 9

October 12, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

IN CASE YOU MISSED IT: 5 key stories from October 9

October 12, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

IN CASE YOU MISSED IT: 5 key stories from October 9

October 12, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

IN CASE YOU MISSED IT: 5 key stories from October 9

October 12, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

IN CASE YOU MISSED IT: 5 key stories from October 9

October 12, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

IN CASE YOU MISSED IT: 5 key stories from October 9

October 12, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

IN CASE YOU MISSED IT: 5 key stories from October 9

October 12, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

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