China's domestic hot-rolled coil market softened on Tuesday March 16 while export prices increased amid heightened concerns over an export tax rebate cut in the country.DomesticEastern China (Shanghai): 4,950-4,970 yuan ($761-765) per tonne, down 20 yuan per tonneMany market participants told Fastmarkets that they had been hearing about a possible lowering of the HRC export tax rebate earlier in t...Read More
Three-month base metals prices on the London Metal Exchange were down across the board during morning trading on Tuesday March 16, with tin's price falling the most to $24,630 per tonne - this after the complex mostly ended in positive territory on Monday. "A slew of macro releases out of China also buoyed sentiment [on Monday]. In this regard, China's industrial output rose 35% in the first two m...Read More
Base metals prices were mixed this morning, with those on the London Metal Exchange mainly weaker, while prices on the Shanghai Futures Exchange were more mixed this morning, Tuesday March 16, but Asian-Pacific equities were upbeat. United States 10-year treasuries yields have eased to 1.59%, from 1.64%Wall Street equity indices set fresh record highs on MondayBase metals Three-month base metals p...Read More
China's aluminium market was buoyant on Monday March 15 amid positive sentiment generated by the latest production cuts ordered by local authorities in Baotou city, the capital of Inner Mongolia autonomous region.The city's Development and Reform Commission last Friday issued an additional notice on measures to control energy consumption in the first quarter.The commission required Xinhengfeng Ene...Read More
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 assessed...Read More
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 transparencyinto the markets it covers and the pricing process it applies....Read More
The Chinese selenium price climbed to a more than 19-month high amid active trading last week, with a strengthening crude selenium market prompting sellers to raise their offers.Fastmarkets' weekly price assessment for selenium 99.9% Se min, in-whs China was 120-160 yuan ($18-26) per kg on Friday March 12, up by 25-40 yuan per kg (30.2%) from 95-120 yuan per kg a week earlier. The low end of the r...Read More
Base metals prices on the London Metal Exchange were mainly firmer on Wednesday March 17, while on the Shanghai Futures Exchange they were weaker across the board.Broader markets were treading water ahead of this evening’s US Federal Open Market Committee (FOMC) announcements and press conference.* United States 10-year treasuries yields have firmed again to 1.63%* EU passenger car registrati...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade. Investors are waiting for news on the Fed Fund rate released by the Federal Reserve at 2:00 PM EDT. Consensus is that the Fed Fund rate will remain unchanged at 0.25%.Index futures were virtually unchanged following release of the February Housing Start report at 8:30 AM EDT. Consensus...Read More
Here are five Fastmarkets stories you might have missed on Monday March 15 that are worth another look.Brazilian slab and hot-rolled coil producer ArcelorMittal Tubar??o expects to resume operations at its hot-strip mill this week, after the equipment was put under maintenance on Monday March 8.The Aluminium Stewardship...Read More
Aluminium futures closed at a price of $2,218 per tonne on the London Metal Exchange on Monday March 15, showing almost double the volumes traded in copper, and with improved demand and tight availability of the light metal edging its price upward.The price of aluminium reached $2,235 per tonne during Monday, just $8 per tonne below its 2021 year-to-date high set on February 25, and finished at 5p...Read More
Glencore has undergone a major restructuring of its leadership teams, with a number of senior departures and new roles for existing department heads.Kenny Ives, Tor Peterson and Nico Paraskevas will leave the company in the coming months, stepping down from their roles as head of nickel, head of coal and head of copper marketing respectively. The trio will stay on for a few months...Read More
Here are five Fastmarkets stories you might have missed on Monday March 15 that are worth another look.Brazilian slab and hot-rolled coil producer ArcelorMittal Tubar??o expects to resume operations at its hot-strip mill this week, after the equipment was put under maintenance on Monday March 8.The Aluminium Stewardship...Read More
The latest data for the global manganese ore market for the week ended March 15, 2021.Read More
China's nickel pig iron (NPI) price fell in the week to Friday March 12, pressured by a lack of spot activity and weakness in the London Metal Exchange three-month nickel price.Fastmarkets assessed the nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,140-1,160 yuan ($175-178) per nickel unit on March 12, down by 40-50 yuan (3.8%) per nickel unit from 1,180-1,210 yuan per nickel...Read More
Here are five Fastmarkets stories you might have missed on Monday March 15 that are worth another look.Brazilian slab and hot-rolled coil producer ArcelorMittal Tubar??o expects to resume operations at its hot-strip mill this week, after the equipment was put under maintenance on Monday March 8.The Aluminium Stewardship...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday March 12. United States Short supply supported the price rally that has now entered its eighth week. Spot demand remains good despite a slowdown in automaking related to a shortage of computer...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Monday March 15, supported by the trend in international trading, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?360-370 ($430-442) per tonne on March 15, up by ?,?20-30 per tonne from ?,?330-350 per tonne in mid-F...Read More
In her early career, La Farga chief executive Inka Guix? had not considered working for the business founded by her father and grandfather, but in her late-20s she accepted an invitation to join the company and assist in its expansion. She recounts her route to the top of the business and discusses the outlook for copper with Andrea Hotter. If Inka Guix? had taken her teacher's advice not to go...Read More
Markets are starting the week mixed with base metals prices and equities in different regions showing divergent performances this morning, Monday March 15. United States 10-year treasuries yields strong at 1.64%, showing risk-onChina's industrial production and retail sales climb more than expected......but unemployment also risesBase metals Three-month base metals prices on the London Metal Excha...Read More