The price of refined selenium powder in China hit a 55-month low in the week to Friday January 15 amid sufficient supply in the market and slow demand from the downstream glass industry, sources told Fastmarkets.Fastmarkets' weekly price assessment for selenium 99.9% Se min, in-whs China was 90-110 yuan ($14-17) per kg on Friday, narrowing downwards by 5 yuan per kg from 90-115 yuan per kg the pre...Read More
A strong performance in the electric vehicle (EV) sector is set to give a significant boost to demand for cobalt in 2021, an exclusive survey by Fastmarkets reveals. And while there were mixed messages about demand in certain downstream sectors, such as superalloys which are mostly applied in the aerospace sector, with a cautious expectation of steady or growing demand in the key consumer electron...Read More
China's domestic prices for steel scrap surged last week amid replenishment by steel mills and a tightening supply of raw materials. Fastmarkets' assessment for steel scrap heavy scrap domestic, delivered mill China was at 3,230-3,240 yuan ($498-500) per tonne on Friday, up by 110-230 yuan per tonne from 3,000-3,130 yuan per tonne a week earlier. Steel mills actively bought scrap in the past coupl...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process.The rebound in the dollar in recent weeks seems to be acting as a headwind.Base metalsThree-month base metals prices on the LME were mixed this morning, with aluminium, nickel and lead weaker and down by an a...Read More
Costco (COST), an S&P 100 stock moved below $359.50 setting an intermediate downtrend.South Africa iShares (EZA) moved above $45.40 extending an intermediate uptrend.Pre-opening Comments for Tuesday January 19thU.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade.Goldman Sachs gained $5.98 to $306.99 after reporting higher than consensu...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
China's iron ore imports increased by 9.5% in 2020 in comparison with 2019, Chinese customs data shows.The country imported 1.17 billion tonnes of the steelmaking raw material last year, compared with 1.07 billion tonnes in 2019, according to the statistics released on Thursday January 14.This is despite a 4.5% year-on-year drop in imports in December to 96.74...Read More
China's steel imports increased sharply in 2020 but exports declined from 2019 levels, according to Chinese customs data released on Thursday January 14.2020 imports: 20.23 million tonnes, up by 64.4% from 2019. ...Read More
Turkey's Ministry of Trade announced on Saturday January 9 the initiation of an anti-dumping investigation into imports of hot-rolled flat steel from the European Union and South Korea.The products under investigation are under HS codes 7208.10.00, 7208.25.00, 7208.26.00, 7208.27.00, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.00, 7208.40.00, 7208.52.10, 7208.52.99, 7208.53.10, 7208.53.90, 7208.54...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
In an era of historically low interest rates, investors are desperately looking for value. If current activity is anything to go by, they believe it lies in commodities.That is because prices of key commodities are steadily gaining; copper has hit eight-year highs above $8,000 per tonne, nickel is at six-and-half year highs near $18,000 per tonne, and iron ore prices are at levels last seen in 201...Read More
The base metals on the London Metal Exchange were mainly stronger this morning, Monday January 18, aided by some strong economic data in China, including gross domestic product (GDP) that showed growth of 6.5% year on year in the fourth quarter, which was stronger than the 6.2% expected and up from 4.9% in the third quarter. Metals prices firmer despite stronger US dollar.Base metalsThree-mon...Read More
Brookfield Infrastructure (BIP/UN), a TSX 60 stock moved above $68.38 extending an intermediate uptrend. Pre-opening comments for Monday January 18thCanadian equity markets are mixed in quiet trade this morning in response to close of U.S. exchanges for the Martin Luther King Jr. holiday.The Shanghai Composite Index gained 29.85 to 3,596.22 after China announced higher than expected annualize...Read More
China's iron ore imports increased by 9.5% in 2020 in comparison with 2019, Chinese customs data shows.The country imported 1.17 billion tonnes of the steelmaking raw material last year, compared with 1.07 billion tonnes in 2019, according to the statistics released on Thursday January 14.This is despite a 4.5% year-on-year drop in imports in December to 96.74...Read More
China's steel imports increased sharply in 2020 but exports declined from 2019 levels, according to Chinese customs data released on Thursday January 14.2020 imports: 20.23 million tonnes, up by 64.4% from 2019. ...Read More