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 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...Read More
The base metals remain upbeat this morning, Wednesday December 9, with all the metals on the London Metal Exchange in positive territory on hopes that a US stimulus package may be on the way.The potential headwinds – political tensions between the United States and China, a no-deal Brexit and the continuing out of control spread of the virus, are for now taking a backseat.* China’s consu...Read More
Fastenal (FAST), a NASDAQ 100 stock moved above $49.18 to an all-time high extending an intermediate uptrend. TSX Energy iShares (XEG) moved above $6.10 resuming an intermediate uptrend. Pre-opening Comments for Wednesday December 9thU.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US7...Read More
Here are five Fastmarkets stories you have missed on Monday December 7 that are worth another look.Brazilian exports of ferrous scrap plummeted in November 2020 with the country's industry focused on the domestic market, although Bangladesh remained the principal destination for the shipments that were made, data from...Read More
Lead and zinc prices posted the biggest gains by the 5pm close on the London Metal Exchange on Monday December 7, with the rest of the complex remaining largely flat but at high levels. Lead's three-month price closed at $2,076 per tonne, a 2.4% increase on Friday's closing price of $2,027.50 per tonne.Its sister metal, zinc, also experienced a rise of 1% to close the day's trading at $2,786.50 pe...Read More
Market participants are split on whether rising aluminium premiums in Asia are bullish or bearish for premiums in Europe. Higher premiums in China make it more lucrative to focus on that region rather than on Europe, the majority of participants told Fastmarkets throughout last week. This is propelling the Rotterdam premium higher by driving tonnages away from this market. Fastmarkets assessed the...Read More
The latest data for the global manganese ore market for the week ended December 7, 2020.This article was updated...Read More
Buyers of MMG's Las Bambas copper concentrates have been informed of possible delays due to a blockade of transport routes by local protesters, Fastmarkets understands. The Australian-Chinese miner did not declare force majuere as of Monday December 7, sources said. Vehicles carrying personnel, copper output, equipment and supply of Las Bambas have been blocked by protesters, comprising...Read More
Copper concentrate treatment and refining charges rose at the beginning of December with the market becoming quieter during the annual benchmark negotiation period.The progress in TC/RC negotiations has been slow in the week ended Friday December 4, with a considerable gap between the aspirations of major miners and smelters, sources familiar with the matter said.In the spot market, Fastmarkets' c...Read More
The latest data for the global manganese ore market for the week ended December 7, 2020.This article was updated...Read More
Key data from Fastmarkets' pricing session in China on Friday December 4.Key drivers China's silicon export price continued to rise with higher offer prices from exporters and deals reported within the assessed price range. Sources were not very active in making offer prices given that they could not obtain...Read More
Here are five Fastmarkets stories you have missed on Monday December 7 that are worth another look.Brazilian exports of ferrous scrap plummeted in November 2020 with the country's industry focused on the domestic market, although Bangladesh remained the principal destination for the shipments that were made, data from...Read More
The Turkish scrap import prices have reached their highest since March 2018 on fresh transactions heard over the weekend, sources said on Monday December 7.A steel mill in the Marmara region booked a Baltic Sea cargo comprising 22,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $375 per tonne and 3,000 tonnes of bonus at $385 per tonne cfrThe previous Baltic Sea cargo was sold at...Read More
The price of European aluminium ingot 226 hit its highest since August 2018 in the week to Friday December 4 after an ongoing shortage of scrap raw materials lead to offers, bids and deals at elevated levels, while market participants struggle to secure tonnages for the first quarter of 2021, Fastmarkets was told.Fastmarkets assessed the price of aluminium diecasting ingot DIN226/A380, delivered E...Read More
The global economy looks stronger again - Chinese exports were up by 21.1% in November year on year - but the base metals were mixed on Monday December 7, having been exceptionally strong recently , so perhaps the market realizes a lot of the good news is baked in already.Chinese trade balance climbed to $75.4 billion in November from $58.4 billion in October Japan's leading indicators climbed to...Read More
The price of domestic hot-rolled coil in Northern Europe inched further upward day-on-day on Monday December 7, with sentiment remaining upbeat due to a shortage of material, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?576.67 ($698.90) per tonne on Monday, up by ?,?1.67 per tonne from ?,?575.00 per tonne on December 4....Read More
Transaction prices for domestic steel hot-rolled coil continued to rise across Europe in the week to Friday December 4, due to tight supply from both domestic and overseas suppliers.Following a rise in deal prices, at the end of last week ArcelorMittal pushed official spot offer prices for its second-quarter rolling HRC across Europe to ?,?650.00 ($788) per tonne ex-works with immediate effect. Th...Read More
Fastmarkets' iron ore indices for 62% Fe low-alumina fines, cfr Qingdao and 65% Fe Brazil-origin fines, cfr Qingdao both reached record highs on Monday December 7, sources said.Iron ore prices gained ground despite the sintering restrictions on active ports trading and steel prices, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $146.93 per tonne, up $1.92 per to...Read More
Rebar producers in Egypt increased their prices by E ?300-500 ($19-32) per tonne, effective from December 6 and 7, sources told Fastmarkets.Producers in the country are offering rebar at E ?11,450-11,600 ($729-739) per tonne ex-works including 14% VAT, up 3.6% from the previous range of E ?10,950-11,300 per tonne ex-works including VAT. ...Read More