China's domestic rebar prices moved up further on Tuesday November 17 on strong demand to reach their highest since November 2018.DomesticEastern China (Shanghai): 4,130-4,160 yuan ($627-632) per tonne, up by 50 yuan per tonneBuyers raised their procurement rates amid a strengthening futures market during the day, which pushed up rebar prices.Sellers' rebar stock is also decreasing on good end-use...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More
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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
The metals were looking robust this morning, Wednesday November 18, and for the most part are managing to drive higher despite concerns about the rapid spread of Covid-19 and some mixed economic data of late.* Asian Pacific equities were mixed this morning, as were major western equity indices on Tuesday...* ...but major western equity indices are weaker this morning, suggesting some concern about...Read More
Lowe's (LOW), an S&P 100 stock moved below $151.37 completing a modified Head & Shoulders pattern. Regeneron (REGN), a NASDAQ 100 stock moved below $533.23 extending an intermediate downtrend.Selected Canadian "gassy" stocks are breaking out. Freehold Royalties moved above $4.70 extending an intermediate uptrend. PrairieSky Royalties moved above $9.82.Pre-opening Comments for Wednesday Nov...Read More
Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More
The London Metal Exchange copper three-month price continued to break records on Monday November 16, with more than 30,000 lots of the metal exchanged by 5pm, a volume last reached in March 2020.Copper's three-month price opened at $7,142.50 per tonne on Monday, its highest since June 2018. The red metal's three-month price at the end of the day was $7,108.50 per tonne, a 1.8% increase from Friday...Read More
The International Aluminium Institute (IAI) has launched a roadmap to maximize alternative uses for bauxite residue to significantly reduce the waste material's social, environmental and economic impact, it said.Bauxite residue, also known as bauxite tailings or red mud, is a highly alkaline waste product composed mainly of iron oxide generated in the production of alumina. According to the IAI, b...Read More
Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More
Fifteen countries signed up to the Regional Comprehensive Economic Partnership at the annual summit of the Association of Southeast Asian Nations (Asean) on Sunday November 15.The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 members of Asean plus Australia, China, Japan, New Zealand and South Korea. Together, the participating nations account for about 30% of global gross do...Read More
The International Aluminium Institute (IAI) has launched a roadmap to maximize alternative uses for bauxite residue to significantly reduce the waste material's social, environmental and economic impact, it said.Bauxite residue, also known as bauxite tailings or red mud, is a highly alkaline waste product composed mainly of iron oxide generated in the production of alumina. According to the IAI, b...Read More
Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday November 13.China The Chinese silicon grade 5-5-3 export price continued to gain strength, with deals concluded at the high end of the assessed range. Exporters kept raising offers after robust domestic prices. The rise in electricity prices in southern China, a tight supply of silica and the higher...Read More
Turkish steel mills remained silent on the first day of the week but news of bookings from late last week has come to light, sources told Fastmarkets on Monday November 16.Turkish steel mills did not enter the market for deep-sea cargoes on Monday, but two cargoes were sold late on the preceding Friday after the Fastmarkets indices had closed for the day.A European cargo was booked by a mill in th...Read More
Prices and payables for cobalt hydroxide continued their upward trend last week amid buoyant trade, with Chinese buyers busily securing units arriving ahead of the Chinese New Year holiday (February 11-17, 2021). Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China rose to 80-81% of the standard-grade cobalt price (low end) on Friday November 13, up 0.3% from 79.5-81% midwee...Read More
Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More
Hot-rolled coil prices in the United States have continued to climb amid an ongoing supply squeeze and robust overall market fundamentals, Fastmarkets has learned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $36.35 per hundredweight ($727 per short ton) on Monday November 16, up by 1.1% from $35.96 per cwt on Friday November 13 and up by 3.3% from $35.19 per c...Read More
Flat steel prices in Brazil's domestic market have increased for the fifth month in a row, with supply remaining scarce amid low inventories.Steelmakers have applied price increases ranging from 8-15% this month, depending on the product, with local distributors having trouble restocking amid longer-than-usual lead times.Fastmarkets' monthly assessment for steel hot-rolled coil, domestic, monthly,...Read More
Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More
Fifteen countries signed up to the Regional Comprehensive Economic Partnership at the annual summit of the Association of Southeast Asian Nations (Asean) on Sunday November 15.The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 members of Asean plus Australia, China, Japan, New Zealand and South Korea. Together, the participating nations account for about 30% of global gross do...Read More