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
Key data from Fastmarkets' pricing session on Friday November 20.Key drivers Transacted volumes were low in the daily pricing session, continuing a recent theme that was a result of the focus on annual contract discussions for both metal and hydroxide. Three sources that they had concluded some contracts, but others said that this process was...Read More
The European ferro-silicon market has risen over the past week to a range not seen for more than six months, sources told Fastmarkets on Monday November 23.And with tight domestic availability and no likelihood of any significant volume of imported material for some time to come, there was expectation in the market of further price increases in the coming weeks.Underscoring market sentiment for an...Read More
Portside prices of both low and high-grade manganese ore in China ticked down in the week ended Friday November 20, after many domestic alloy smelters retreated from the market following a wave of restocking that had contributed to price gains in the prior two weeks.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 30.60 yuan ($4.66) per dmtu on November 20,...Read More
Seaborne prices of both low and high-grade manganese ore in China registered further falls in the week to November 20 after falling portside ore prices and continuously rising port inventories continued to weigh on overall market sentiment, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin fell by 13 cents, or 3.4%, week on week to $3.70 per dry metric tonne unit (dmtu) on Friday N...Read More
The base metals on the London Metal Exchange were firmer across the board this morning, Tuesday November 24, although those on the Shanghai Futures Exchange were mixed following the weakness seen on the LME on Monday.* US president-elect Joe Biden plans to nominate former Federal Reserve chair Janet Yellen to become Treasury Secretary...* ...the market seems to see Yellen as a safe pair of hands*...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points in pre-opening trade. Dollar Tree gained $3.20 to $100.81 after reporting higher than consensus third quarter revenues and earnings.Abercrombie & Fitch added $1.79 to $22.68 after reporting higher than consensus third quarter revenues and earnings.Wells Fargo advanced $0.84 to $27.14 after Raymond James u...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
The base metals were mixed this morning, Monday November 23, but the underlying trends remain bullish following recent fresh highs in most of the metals. The US dollar index remains weak, helping to underpin metal prices.Base metalsThe three-month base metals prices on the London Metal Exchange were mixed, with zinc and lead weaker by 0.2% and 0.6% at $2,795 per tonne and $2,017 per tonne respecti...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. Index futures responded to news that AstraZeneca has tested a COVID 19 vaccine that is 90% effective. Netflix added $3.25 to $491.49 after JP Morgan raised its target price from $615 to $628.Urban Outfitters advanced $0.23 to $30.15 after JP Morgan raised its target price from $19 to $27...Read More
The three-month copper and lead London Metal Exchange prices ended the week on the rise, hitting June-2018 and January-2020 highs respectively at the 5pm close on Friday November 20, capitalizing on momentum-based trading which pushed the whole complex up. The three-month copper price closed at $7,277.50 per tonne on Friday, up by 2.6% from Thursday's closing price of $7.093 per tonne, surpassing...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
After much anticipation and debate, the International Energy Exchange's bonded copper futures contract launched on Thursday November 19 to some fanfare and respectable volume.A total of 8,344 lots traded on the INE's 'BC' contract on Thursday, following up with another 4,893 on Friday, the majority for delivery in March.National Chinese copper behemoths Jiangxi Copper and Minmetals were among the...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 20.China Continuing tight spot availability and higher raw material costs underpinned the domestic spot market, with prices narrowing upward, breaking nine weeks of stability. The most-traded January ferro-silicon contract price on the Zhengzhou Commodity Exchange closed at 5,890 yuan ($896...Read More