Here are five Fastmarkets stories you might have missed on Friday July 16 that are worth another look.Flat-rolled steel import prices increased in South America during the week ended July 16 amid higher freight rates from China and the first deals for September-shipment cargoes of Brazilian and Japanese origin,...Read More
Here are five Fastmarkets stories you might have missed on Friday July 16 that are worth another look.Flat-rolled steel import prices increased in South America during the week ended July 16 amid higher freight rates from China and the first deals for September-shipment cargoes of Brazilian and Japanese origin,...Read More
Here are five Fastmarkets stories you might have missed on Friday July 16 that are worth another look.Flat-rolled steel import prices increased in South America during the week ended July 16 amid higher freight rates from China and the first deals for September-shipment cargoes of Brazilian and Japanese origin,...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points in pre-opening trade. Weakness reflects drops by international equity market indices related to a surge in COVID 19 cases.Yield on 10 year U.S. Treasuries fell to 1.2263 % The Canadian Dollar dropped 0.93 to US78.35 cents in overnight trade.Crude oil plunged $2.60 to $69.21 after OPEC + reached an agreement...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Monday July 19, with nickel and tin the standout performers, driven higher by supply disruptions.United States 10-year treasury yields continue to trend lower, despite inflationary pressures in the country.Base metalsLME three-month base metals prices were mixed this morning, with nickel up b...Read More
Here are five Fastmarkets stories you might have missed on Friday July 16 that are worth another look.Flat-rolled steel import prices increased in South America during the week ended July 16 amid higher freight rates from China and the first deals for September-shipment cargoes of Brazilian and Japanese origin,...Read More
The price of austenitic stainless steel scrap remained steady in the week to Friday July 16 ahead of the summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,352- 2,491) per tonne on July 16, unchanged week on week.In the UK and in Europe, there is a summer slowdown in July and Aug...Read More
The Turkish steel mills continued to limit their deep-sea scrap bookings due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.Turkish mills restrict deep-sea purchases to put downward pressure on pricesSummer slowdown hits US export marketCovid-19 pandemic shuts down local long steel and scrap markets in VietnamDomestic supply ti...Read More
Production at Koniambo Nickel SAS (KNS) in New Caledonia has been disrupted by protesters, a Glencore spokesperson confirmed to Fastmarkets.Le Figaro newspaper had reported the disruption on Thursday July 15, citing a statement issued by KNS owners Glencore and Soci?(C)t?(C) Mini??re du Sud Pacifique SA (SMSP).The site was placed "on standby," with production...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Declan...Read More
Treatment and refining charges (TC/RCs) paid for copper concentrates became noticeably firmer over the past week, with smelters pressing home their negotiating advantage for the few cargoes that traded.Fastmarkets' copper concentrates TC index, cif Asia Pacific, was calculated at $47.40 per tonne/4.74 cents per lb for the week to Friday July 16, up from $42.40...Read More
An overview of the aerospace materials markets and the latest price moves.Carrie Shi, Jessica Long and Ruby...Read More
Key data from Fastmarkets' pricing sessions in the United States, China and Europe for the week ended Friday July 16.China The export ferro-silicon market edged lower over the week, with few inquiries or deals made. Spot availability was still quite tight even though Wuzhong city in Ningxia started a round of production cuts to meet dual energy consumption targets. The ferro-silicon price in Japan...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Tin's three-month price reached a new all-time peak on the London Metal Exchange on Friday July 16, with supply concerns from Southeast Asia - due to the spread of the delta variant of Covid-19 - also supporting most prices.Tin's benchmark futures price has jumped by 63% since the start of the year, when the metal was priced $20,735 per tonne. It closed at $33,600 per tonne on Friday, a 1.4% gain...Read More
Flat-rolled steel import prices increased in South America during the week ended Friday July 16 amid higher freight rates from China and the first deals for September-shipment cargoes of Brazilian and Japanese origin, market participants told Fastmarkets."Freight from China... was heard to be still rising. This is creating big headaches for traders," a mill source said.A vessel shortage and less b...Read More
Lithium prices in Asia were broadly firm in the week ended Thursday July 15, with technical-grade lithium carbonate outperforming other grades amid good restocking appetite among traders.Lithium prices in the domestic Chinese market were broadly steady, with technical-grade lithium carbonate prices continuing to rise.Battery-grade lithium prices in the seaborne Asian market were also stable amid t...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
The inter-merchant light iron scrap market in the United Kingdom was up ?5 ($6.92) per tonne in the week to Friday July 16 amid firm fundamentals, with some sources suggesting the market may consolidate higher in the near term while others say a correction may be likely due to the steel summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old li...Read More