Here are five Fastmarkets stories you might have missed on Wednesday February 17 that are worth another look.All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil...Read More
Nickel premiums in the US and Europe were steady in the week to Tuesday February 17, with both markets broadly stagnant against a well-supported LME three-month nickel price, while Asia's absence from the market saw minimal spot activity.Tight briquette supply sees US market seek alternative products US cut cathode sentiment weakens amid 4x4 uptakeEuropean market laments high price amid stati...Read More
Thyssenkrupp has terminated sale negotiations for its Steel Europe business to Liberty Steel due to different pricing expectations, Fastmarkets heard on Wednesday February 17."We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart. We have therefore decided to end the talks," Dr Klaus Keysberg, chief financial off...Read More
European vanadium prices continued to climb in February amid tightening prompt inventories and better-than-expected end-user demand, market sources told Fastmarkets. Fastmarkets' price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe rose by 4.9% to $33.70-34.70 per kg on Wednesday February 17 from $30.70-34.50 per kg on February 12. The market is at its highest since J...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 17 that are worth another look.All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil...Read More
Nickel premiums in the US and Europe were steady in the week to Tuesday February 17, with both markets broadly stagnant against a well-supported LME three-month nickel price, while Asia's absence from the market saw minimal spot activity.Tight briquette supply sees US market seek alternative products US cut cathode sentiment weakens amid 4x4 uptakeEuropean market laments high price amid stati...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 17.Please click...Read More
Aluminium's forward price on the London Metal Exchange rose to a new year-to-date high of $2,117 per tonne on Wednesday February 17, unfazed by the US Dollar Index reaching its highest since Monday, while movements across the rest of the base-metals complex were mixed.This was the first time that aluminium's three-month price had risen above $2,100 per tonne since October 5, 2018. It closed at $2,...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 17.Please click...Read More
Aluminium's forward price on the London Metal Exchange rose to a new year-to-date high of $2,117 per tonne on Wednesday February 17, unfazed by the US Dollar Index reaching its highest since Monday, while movements across the rest of the base-metals complex were mixed.This was the first time that aluminium's three-month price had risen above $2,100 per tonne since October 5, 2018. It closed at $2,...Read More
High London Metal Exchange prices for zinc and lead have kept spot interest minimal for the sister metals in the week to Tuesday February 17. The demand outlook for zinc remains good in the Americas, signaling outright metal prices will hold on to gains. But the strong prices for zinc and lead discouraged trading activity this week. India lead premiums diverged in the primary and seconda...Read More
A summary of Rio Tinto's results for the full year 2020, to December 31, and its new emissions reduction goals. In brief Rio Tinto generated $15.9 billion net cash from operating activities in 2020, 6% higher than 2019.The improvement was primarily driven by higher iron ore prices and stability in its operating performance. Rio Tinto's underlying earnings before interest, taxes, depreciation...Read More
The London Metal Exchange has increased oversight of its tin contracts in response to chronically tight spreads despite deliveries into its global warehousing system. Market players paid up to $4,500 per tonne to roll positions between the LME's cash and three-month contracts on Monday February 15, a record amount, while cash prices roared over 10-year highs and futures prices rose by a lesser deg...Read More
The London Metal Exchange base metals prices had a mixed reaction to the dollar index's second daily increase in the morning of Wednesday February 17, with the metals that set new highs on Tuesday - copper and nickel - edging lower while the rest were higher. The dollar index increased to 90.73 at 9am on Wednesday from its reading of 90.55 on Tuesday at the close, with the rise being even more sta...Read More
All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil (VLSFO), the company said on Wednesday February 17."Our ambition to have a carbon-neutral fleet by 2050 was a 'moonshot' when we announced it in 2018. Today, we see it as a challenging, yet achievabl...Read More
Sales of passenger cars in the EU dropped by 24.04% year-on-year in January 2021, the European Automotive Manufacturers Association (ACEA) said on Wednesday February 17.New car sales in the EU totaled 726,491 vehicles in January 2021, down from 956,447 units sold in the corresponding month of 2020."In January 2021, the EU passenger car market posted an accelerated decline, as Covid-19-related rest...Read More
Domestic prices for hot-dipped galvanized coil increased in Europe over the week to Wednesday February 17, supported by a material shortage, sources have told Fastmarkets.The bullish mood in the market might be undermined, however, by weaker demand from the automotive industry, market sources said.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Eur...Read More
Prices for steel hollow sections in Europe have moved up this week but with feedstock tightness remaining an issue, market sources told Fastmarkets on Wednesday February 17.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?860-880 per tonne ($1,043-1,067) on Wednesday, up from ?,?850-870 per tonne week on week.The price of hot-rolled coil has on...Read More
Domestic prices for steel hot-rolled coil in Northern Europe have recovered, but were unchanged in the South, over the week to Wednesday February 17, supported by reduced availability, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?729.00 ($884.19) per tonne on Wednesday, up by ?,?1.50 per tonne from ?,?727.50 per to...Read More