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...Read More
Key data from Fastmarkets' pricing session in China on Friday July 23. Key drivers: The Chinese manganese flake price became bullish on news that some manganese flake producers in the country will suspend their operations and cut their production...Read More
Key data from Fastmarkets' pricing session in China on Friday July 23.Key drivers: Spot availability has been tighter following news of a furnace accident at a major silicon producer, while another major producer has raised its offer price....Read More
China's leading stainless steel producer, Tsingshan Group, has set its tender price for August-delivery ferro-chrome at 10,795 yuan ($1,665) per tonne, the company announced on Monday July 26. This is its highest tender price since September 2008.The tender price is also 2,400 yuan per tonne (29%) than what the eastern Chinese mill had sought for July-delivery material.Supply interruptions Market...Read More
Base metals prices on the London Metal Exchange were down across the board on Tuesday July 27, after a generally upbeat day on Monday, while the base metals on the Shanghai Futures Exchange were mixed this morning.* Chinese equities under pressure again today – market worried about regulatory intervention* Pre-market western equity index futures showing a weaker start againBase metalsLME thre...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. Index futures were virtually unchanged following release of the June Durable Goods Orders report at 8:30 AM EDT. Consensus was an increase of 2.2% versus a gain of 2.3% in May. Actual was an increase of 0.08% . Excluding transportation orders, consensus was an increase of 0.8% versus a...Read More
(Updates with prices) LONDON, July 26 (Reuters) - Copper prices rose on Monday asfloods in top consumer China sparked demand hopes at a time wheninventories were falling, while a softer dollar also supportedprices. Benchmark copper on the London Metal Exchange was up3.2% at $9,820 per tonne by 1700 GMT, after touching its highestsince June 15 at $9,819.50, in its fifth straight session ofgains. Fl...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
The Vietnam Steel Association (VSA) is leading an industry-wide pushback against the country's proposed export tax of 5% on steel billet, it said on Friday July 23."The proposal to increase export taxes on billet and reduce import taxes on finished steel products is not suitable with the current situation of steel production," the association said.This was in response to domestic demand for steel...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Base metals prices on the Shanghai Futures Exchange were up by an average of 1.1% this morning, Monday July 26, while they followed Friday’s gains on the London Metal Exchange that averaged 1.3%.* Chinese equities under pressure after authorities tighten regulations* Pre-market western equity index futures showing a weaker startBase metalsLME three-month base metals prices were mainly weaker...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Weakness was led by Chinese stocks following a crackdown by the Chinese government on Tech Education companies. The Shanghai Composite Index dropped 82.06 to 2,467.44.Facebook added $0.59 to $370.39 after Mizuho raised its target price from $400 to $450.Starbucks added $3.34 to $129.36 a...Read More
The Vietnam Steel Association (VSA) is leading an industry-wide pushback against the country's proposed export tax of 5% on steel billet, it said on Friday July 23."The proposal to increase export taxes on billet and reduce import taxes on finished steel products is not suitable with the current situation of steel production," the association said.This was in response to domestic demand for steel...Read More
The world's largest carbon trading market is slowly gaining momentum and will eventually be a key component of China's ferrous industry, market sources told Fastmarkets this week.China kicked off nationwide carbon trading on July 16, with mostly thermal coal-fired power plants participating on the first day. Companies can buy carbon emission quotas from the market, while those with lower emissions...Read More
Domestic and export prices for Chinese stainless steel prices rose sharply over the week ended Wednesday July 21 on tight supply, which led to increased expectations of an export tariff to ease the shortage.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 19,000-20,100 ($2,939-3,109) per tonne, up by 1,000-1,300 yuan per tonne from a week earlierPrices have risen to their hi...Read More
London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.The LME has just announced it will reopen the open outcry trading floor, which was temporarily closed due to Covid-19, on September 6.Its plan, however, comes with a twist; some ring dealers say, a knife.The official prices - which the global trade and industry use as the global reference for physical...Read More