The latest data for the global manganese ore market for the week ended September 1, 2020.Read More
Markets were mixed this morning, Wednesday September 2, with base metals prices on the London Metal Exchange little changed, the dollar was firmer and Asian-Pacific equities, as well as pre-market major western equity index futures, were stronger too.The main supporting factor seems to be Tuesday’s manufacturing purchasing managers’ index (PMI) data that for the most part showed robust r...Read More
Comcast (CMCSA), an S&P 100 stock moved above $45.20 extending an intermediate uptrend. Caterpillar (CAT), a Dow Jones Industrial Average stock moved above $146.20 extending an intermediate uptrend.Microchip Technologies (MCHP), a NASDAQ 100 stock moved above $112.89 to an all-time high extending an intermediate uptrend. Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $149.32 to an a...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
A second deal for fourth-quarter aluminium ingot supply to main Japanese ports (MJP) was concluded at a premium of $83 per tonne cif MJP, market sources told Fastmarkets on Monday August 31.The deal was for 1,500-3,000 tonnes of aluminium ingot in total for October-December delivery, with 500-1,000 tonnes to be delivered each month. The premium is paid on top of the London Metal Exchange cash pric...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Supply of steel scrap in Australia is being squeezed by regional Covid-19 lockdowns and a general decline in economic output, scrap market participants have told Fastmarkets.The reduction in scrap generated in Australia is reducing the volume of material being offered for export from the country and raising prices for whatever material is being offered.Covid-19 transmission in the country is affec...Read More
A summary of miner-producer China Molybdenum Co's results for the six months of 2020, as released on Monday August 31.In brief Revenue for the company's mining and processing business totaled 9.1 billion yuan ($1.3 billion) in the first half of 2020, down by 4.86% year on year. ...Read More
Spot cobalt hydroxide payables consolidated last week amid a slowdown in trading activity, with buyers and sellers both unwilling to compromise in order to secure deals. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, held at 76.5-77% of the price for cobalt standard grade (low-end) on Friday August 28. The raw materials price has been unchanged for three consecutive pricin...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Members of the World Trade Organization have agreed to the establishment of a dispute panel to review a complaint filed by Turkey regarding the European Union's safeguard measures on imports of certain steel products.The agreement was reached at a meeting of the Dispute Settlement Body (DSB) on Friday August 28, the WTO said.The European Commission (EC) imposed quotas on certain steel imports in F...Read More
Fastmarkets examines the factors affecting the price spread between domestic steel reinforcing bar and shredded scrap over the past two years. Trade, supply factors widen, then tighten spreadWhile rebar and scrap prices tend to be directionally correlated, developments on the trade front helped widen that gap, according to KeyBanc Capital Markets analyst Philip Gibbs."If you look at it over a...Read More
The Brazilian steel industry is operating around 60% production capacity, up from 42% in April when demand was hit the hardest by the Covid-19 pandemic, but still far from the ideal level of 80%, Instituto A??o Brasil said on Friday August 28.At the worst moment of the pandemic, there were 13 halted blast furnaces (BF) in the country, the president of A??o Brasil, Marco Polo de Mello Lopes said du...Read More
Prices for rebar imports into Singapore increased in the week to Monday August 31 due to a recent surge in raw materials prices, market sources told Fastmarkets.Major end users in Singapore denied that there were any transactions by them for imported materials, after talk circulated the market that a trader had sold Turkish rebar to the island state at $465 per tonne cfr Singapore on a theoretical...Read More
Supply of steel scrap in Australia is being squeezed by regional Covid-19 lockdowns and a general decline in economic output, scrap market participants have told Fastmarkets.The reduction in scrap generated in Australia is reducing the volume of material being offered for export from the country and raising prices for whatever material is being offered.Covid-19 transmission in the country is affec...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28. Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit...Read More
China was an active importer of steel billet (HS code 72071100) in July, though volumes dropped slightly in comparison with June, according to data from the country's National Bureau of Statistics. India was the biggest supplier of the semi-finished product to China in July.July imports1.34 million tonnesup by 6,572% year on year (July 2019: 20,165...Read More
Seaborne prices for low-grade and high-grade manganese ore in China consolidated in the week to Friday August 28, with market participants awaiting direction from offers for October shipments and the release of the purchase price for September-delivery silico-manganese from Hebei Steel - China's second-largest steel mill - market sources told Fastmarkets.Fastmarkets' manganese ore index 37% Mn, ci...Read More
The active restocking activities among alloy smelters helped slow the falls in portside prices for both low- and high-grade manganese ore in China in the week to Friday August 28, market sources told Fastmarkets. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 35.30 yuan ($5.14) per dry metric tonne unit (dmtu) on August 28 - equivalent to $4.40 per dmtu ex...Read More