Here are five Fastmarkets stories you might have missed on Friday June 4 that are worth another look.Brazilian iron ore producer Vale has halted part of the railroad it uses for exports following a warning from an authority about tailings dam risks, causing a production stoppage at its Timbopeba plant and...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Global welded pipe prices surged in May as strong demand and still-insufficient supply lifted flat steel prices.The biggest jumps were seen in China, which was hit by the unexpected announcement of the elimination of export rebates on welded pipes in April. Chinese seaborne prices reached $1,570 per tonne fob for longitudina...Read More
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday June 7, after the rally sparked by Friday’s worse-than-expected US employment report ran out of steam.* China’s imports climbed 51% and exports were up 28% year on year in May.* The US Dollar Index weakened after Friday’s disappointing employment report in the United States.Base metalsLME three-mo...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view. We also review our price forecasting accuracy for the second quarter 2020.Q2 2020 price forecast performance review According to the results of Fastmarkets' Apex for the second quarter of 2020 published this week, Fastmarkets' base metals research team was the second most accurate price forecaster for nickel (99.06%), lead...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More
Here are five Fastmarkets stories you might have missed on Friday June 4 that are worth another look.Brazilian iron ore producer Vale has halted part of the railroad it uses for exports following a warning from an authority about tailings dam risks, causing a production stoppage at its Timbopeba plant and...Read More
Member mills of China's Iron & Steel Association (Cisa) reduced their output rates of crude steel and hot metal in late May compared to the preceding 10 days, data from the association late on Thursday June 3 shows.May 21-31 output - (change from the 10-day period ended on May 20)Crude steel: 2.29 million tonnes per day, down by 3.92%Finished steel: 2.30 million...Read More
Brazilian iron ore producer Vale has halted part of the railroad it uses for exports following a warning from an authority about tailings dam risks, causing a production stoppage at its Timbopeba plant and Alegria mine, the company said on Friday June 4.The disruption will result in a production loss of 33,000 tonnes per day of iron ore fines at Timbopeba and 7,500 tpd at Alegria, it said. Both un...Read More
Here are five Fastmarkets stories you might have missed on Friday June 4 that are worth another look.Brazilian iron ore producer Vale has halted part of the railroad it uses for exports following a warning from an authority about tailings dam risks, causing a production stoppage at its Timbopeba plant and...Read More
Here are five Fastmarkets stories you might have missed on Friday June 4 that are worth another look.Brazilian iron ore producer Vale has halted part of the railroad it uses for exports following a warning from an authority about tailings dam risks, causing a production stoppage at its Timbopeba plant and...Read More
Here are five Fastmarkets stories you might have missed on Friday June 4 that are worth another look.Brazilian iron ore producer Vale has halted part of the railroad it uses for exports following a warning from an authority about tailings dam risks, causing a production stoppage at its Timbopeba plant and...Read More
China's customs authorities will no longer require imports of some hot-rolled and cold-rolled coil to undergo inspections from June 10, the General Administration of Customs said on Tuesday June 1.The products affected, under the 10-digit Harmonized System (HS) code, include:7208261000 Other high-strength HRC of a thickness of 3mm or more but less than 4.75mm 7208269000 Other HRC of a thickness...Read More
Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Visa gained $2.44 to $232.58 after Piper Sandler upgraded the stock from Neutral to Overweight.Biogen added $8.96 to $297.10 prior to news later today from the FDA on the company's application for approval of its Alzheimer's drug.Nutrien added $0.47 to US$65.00 after announcing a 500,000 ton...Read More
(Updates with exit poll) By Marco Aquino and Marcelo Rochabrun LIMA/TACABAMBA, Peru, June 6 (Reuters) - Conservativecandidate Keiko Fujimori is slightly ahead of socialist rivalPedro Castillo in Peru's nail-biting presidential runoff,according to an Ipsos exit poll released on Sunday evening.The statistical tie had Fujimori leading with 50.3% of thevote, while Castillo had 49.7%, within the margin...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States on Friday June 4. China Seaborne low- and high-grade manganese ore markets jumped as much as 12.31% after miners raised offers for July shipment amid protracted high freight rates and a strengthening South African rand. Sentiment was boosted by news that Ningxia province, China's second largest silico-ma...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States on Friday June 4.China The ferro-silicon market became bullish following news that a major Malaysian ferro-silicon producer has issued a two-week production suspension, with supply shifting to China and suppliers' offers broadly holding offers firm. The export ferro-silicon price went higher due to tight spot availa...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
London Metal Exchange base metals prices recovered swiftly at the close of Friday June 4 after lighter-than-expected US employment data kicked down the dollar index, following a Thursday session where decreases averaged 2.5%. Copper's three-month price rebounded to $9,955 per tonne on Friday at the close, a 1.7% rise from Thursday's $9,788.50 per tonne 5pm price. At the same time on Thursday, the...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More