The Port of Los Angeles plans to operate around the clock seven days a week to address a growing backlog of shipments waiting in cargo containers anchored offshore to be unloaded at the port.The port announced the move on Wednesday October 13, joining a similar effort that began at the nearby Port of Long Beach in September.The port is figuring out the details of how it will work with supply chain...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Fastmarkets analysts were invited to present our outlook for the coking coal market at Coaltrans Asia, held online on November 23-25. One of the key topics at the event was the trade tensions between China and Australia, which overtook Mongolia to become the largest coking coal exporter to China this year...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Bulk ferro-alloy prices have shown impressive gains again this month, with ferro-silicon, silicon metal and manganese alloy prices all making significant increases. Noble alloy markets also enjoyed upward momentum, with both vanadium and molybdenum prices rising sharply.Recovering demand from steelmakers globally, together w...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More
Eight of the nine Category 1 members of the London Metal Exchange have indicated their support for continuing to trade official lunchtime prices in the open-outcry ring.Does this mean that one company does not support ring trading? And could one of the exchange's members be preparing to leave the trading floor?The exchange revealed on Monday August 9 that it had majority support for the ring, in a...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
World equity indices moved higher again last week. Seasonal influences for developed nations naturally turn positive in the first half of October for a trade that frequently lasts to the first week in January. ObservationsFavourable seasonal influences by U.S. and Canadian equity indices were extended last week. Indices have entered into their strongest twelve week period of the year.Short term sh...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
Japanese steelmaker Nippon Steel is suing compatriot automaker Toyota and Chinese mill Baosteel on claims that the two had infringed on its patent for non-oriented electrical steel sheet. In its suit filed at the Tokyo district court on Thursday October 14, Nippon Steel is also seeking an injunction to prohibit Toyota from manufacturing and selling motor-driven vehicles equipped with motors using...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
The entirety of copper's London Metal Exchange forward curve ended the day in a backwardated state on October 15, with fears of supply tightness taking over metals across the board. Zinc reached its highest prices in over a decade while tin climbed to new all-time highs. Copper's benchmark cash/three-month spread on LMESelect - the Exchange's electronic platform - touched a $350-per-tonne b...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday October 15.China?EUR?The ferro silicon price in China narrowed downward following a correction of a previous rally. But market sentiment remained quite positive since Qinghai issued an orderly electricity usage plan. This said that electricity usage can be divided into four levels, each corresponding to a...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More
Fastmarkets copper concentrate treatment charge/refining charge (TC/RC) edged down this week, with few inquiries for spot tonnages, sources said on Friday October 15.TCs for smelters remain in the low-to-mid $60s, a level still well below the Chinese pricing floor of $70 per tonne/7 cents per lb.As for trader purchases, a tender for Escondida concentrate...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More