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 transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
Key data from Fastmarkets' pricing session in China on Friday November 27.Key drivers Chinese exporters continued to raise their offer prices for silicon grade 5-5-3 following a strengthening of the domestic market amid tight prompt supply. Some exporters temporarily withdrew from the market because they did not know how to price the material given the soaring domestic prices, while others said th...Read More
The majority of cobalt contract negotiations have yet to be finalized because the Covid-19 pandemic has rattled end-user markets and created a lack of visibility for demand in 2021, Fastmarkets has heard.After the pandemic ravaged global economies and markets, it is no surprise that contract negotiations look different this year - delayed, drawn out or yet to begin.The lockdowns enforced by nation...Read More
Base metals prices on the London Metal Exchange were once again mainly stronger this morning, Tuesday December 1, helped by strong Chinese Caixin manufacturing purchasing managers’ index (PMI) data, but Shanghai Futures Exchange prices were more polarized.* Chinese Caixin manufacturing PMI climbed to 54.9 in November, up from 53.6 in October* Japan’s manufacturing PMI climbed to 49 in No...Read More
ETF tracking the S&P 500 Index (SPY) moved above $364.38 to an all-time high extending an intermediate uptrend.NASDAQ Biotech ETF (IBB) moved above $146.46 to an all-time high extending an intermediate uptrend. TSX Technologies iShares (XIT.TO) moved above $43.34 to an all-time high extending an intermediate uptrend. Pfizer (PFE), a Dow Jones Industrial stock moved above $40.40 extending an in...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.Italian steel unions have expressed growing concerns over the future of the Taranto steel plant and jobs in the city, with ArcelorMittal Italia expected to soon agree to a deal that would...Read More
Base metals prices were mainly stronger this morning, Monday November 30, helped by strong Chinese manufacturing purchasing managers’ index (PMI) data and a weaker dollar, but some of the metals are starting to look tired.Chinese manufacturing PMI climbed to 52.1 in November, up from 51.4 in October. The non-manufacturing PMI climbed to 56.41 in November, up from 56.2 in October.Base met...Read More
Xilinx (XLNX), a NASDAQ 100 stock moved above $137.99 to an all-time high extending an intermediate uptrend. Germany iShares (EWG) moved above $30.75 to a 33 month high extending an intermediate uptrend. Pre-opening Comments for Monday November 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. The U.S. Dollar Index continued m...Read More
Copper's three-month price was the star performer on Friday November 27, rising by nearly 4.5% from Monday's closing price, with most other base metals managing to set fresh year-to-date highs. Copper's 5pm closing price was $7,499.50 per tonne on Friday, rising by 1.3% day on day and up 4.48% from Monday's closing price of $7,117.50 per tonne.Earlier in the day it&nb...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Fastmarkets' copper concentrates treatment charge/ refining charge (TC/RC) index fell to an all-time low since 2013 in the week to Friday November 27. Offers to smelters were maintained in the $40s with purchases reported in the high $40s for 2021 January shipment and the low $50s for slightly complex concentrates, which were excluded from the index calculation. Only hand-to-mouth purchases w...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 27. China Thin liquidity dominated seaborne low- and high-grade manganese ore markets with market participants waiting for miners' next offer prices. Portside manganese ore prices of both grades slid further amid lukewarm buying activity. In China's spot silico-manganese mar...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Fastmarkets' copper concentrates treatment charge/ refining charge (TC/RC) index fell to an all-time low since 2013 in the week to Friday November 27. Offers to smelters were maintained in the $40s with purchases reported in the high $40s for 2021 January shipment and the low $50s for slightly complex concentrates, which were excluded from the index calculation. Only hand-to-mouth purchases w...Read More