Sales of passenger cars in Europe fell by 22.34% year on year in June 2020, marking the sixth consecutive month of decline.New car sales in Europe totaled 949,722 vehicles in June 2020, down from 1,222,942 units sold in the corresponding month of 2019, the European Automotive Manufacturers Association (ACEA) said on Thursday July 16."However,...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 16 that are worth another look.The United States Federal Circuit on Wednesday July 15 decided to reverse the US Department of Commerce's decision to collapse three Taiwanese steelmakers to calculate a combined anti-dumping margin for certain corrosion-resistant steel products (CORE), according to public documents.Ru...Read More
A summary of the second-quarter 2020 production results from British multinational mining company Anglo American, it said in its latest production report released on Thursday July 16.In brief The company registered an output of 4 million tonnes of metallurgical coal in the second quarter of 2020, a 32% year-on-year decline. The sharp decrease in metallurgical coal production was principally due to...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 16 that are worth another look.The United States Federal Circuit on Wednesday July 15 decided to reverse the US Department of Commerce's decision to collapse three Taiwanese steelmakers to calculate a combined anti-dumping margin for certain corrosion-resistant steel products (CORE), according to public documents.Ru...Read More
The three-month copper price on the London Metal Exchange recovered at the close of trading on Thursday July 16, closing above nearby resistance at $6,400 per tonne, while a positive close for LME zinc saw it make the most gains across the base-metals complex over the afternoon.Copper's underlying price on the LME closed at $6,436.50 per tonne on Thursday, climbing from an intraday low of $6,305.5...Read More
Lithium hydroxide monohydrate, min 56.5% LiOH.H2O, battery grade, spot price, cif China, Japan & Korea, trade log including business, bids, offers and assessments 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.Read More
The lithium carbonate, min 99.5% Li2CO3, battery grade, spot price, cif China, Japan & Korea, trade log including business, bids, offers and assessments 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
Here are five Fastmarkets stories you might have missed on Thursday July 16 that are worth another look.The United States Federal Circuit on Wednesday July 15 decided to reverse the US Department of Commerce's decision to collapse three Taiwanese steelmakers to calculate a combined anti-dumping margin for certain corrosion-resistant steel products (CORE), according to public documents.Ru...Read More
The three-month copper price on the London Metal Exchange recovered at the close of trading on Thursday July 16, closing above nearby resistance at $6,400 per tonne, while a positive close for LME zinc saw it make the most gains across the base-metals complex over the afternoon.Copper's underlying price on the LME closed at $6,436.50 per tonne on Thursday, climbing from an intraday low of $6,305.5...Read More
Seaborne premium coking coal prices fell further on Thursday July 16, largely due to China's strict import restrictions and with market participants split over the future direction of the steelmaking raw material, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $109.22 per tonne, down $1.63 per tonne Premium hard coking coal, cfr Jingtang: $117.96 per ton...Read More
Seaborne iron ore prices went down further on Thursday July 16 with few deals done in the seaborne market and persistent concerns of weak demand due to floods in southern China, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.30 per tonne, down $0.68 per tonne.62% Fe low-alumina fines, cfr Qingdao: $113.05 per tonne, down $1.06 per tonne. 58% Fe fines high-grade premium,...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Upside breakout last weekThe price of aluminium on the London Metal Exchange surprised us with a break to the upside in the week ended July 10, when prices on the Shanghai Futures Exchange raced to three-and-a-half-year highs. While we think there is more short-term upside potential if technical and liquidity fact...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:Upward momentum in US domestic sheet steel prices came to a halt in the second half of June, wiping out earlier gains. Although the prices of hot-rolled coil (HRC), cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) increased on a monthly average basis, the d...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prolonged flooding in China could limit the use of construction steel and drag down demand for steel rebar in the short term, which in turn could damp the demand for iron ore. So far, it has been reported that steel mills in the affected regions have continued to operate as normal. The floods have, however, caused a few days...Read More
Turkish steel mills continued their deep-sea scrap purchases at higher prices, sources told Fastmarkets on Thursday July 16.A steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $258.50 per tonne, shredded at $263.50 per tonne and plate and structural scrap (P&S) at $269.50 per tonne cfr. The cargo composition was not clear at the time of publication, but the traditio...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Upside breakout last weekThe price of aluminium on the London Metal Exchange surprised us with a break to the upside in the week ended July 10, when prices on the Shanghai Futures Exchange raced to three-and-a-half-year highs. While we think there is more short-term upside potential if technical and liquidity fact...Read More
A summary of aluminium producer Alcoa's second-quarter results, according to a company report on Thursday July 16. In brief Alcoa maintained full operations at its refineries and smelters over the quarter, achieving higher production volumes despite the global negative impact of Covid-19. Its shipping volumes for aluminium and alumina also advanced in the second quarter with the compan...Read More
A summary of Anglo American's production results for the second quarter of 2020, according to a company results report released on Thursday July 16. In brief Anglo American attributed the 5% annual increase in copper concentrate to continued strong performance at Collahuasi mine in Chile, offset slightly by reduced output at Los Bronces due to drought conditions in central Chile. Attri...Read More
The three-month nickel price on the London Metal Exchange was the biggest underperformer during morning trading on Thursday July 16, with the market facing risk-off pressure amid a recent oil spill from a large producer, while fresh stock withdrawals failed to stem a downward correction in the LME copper price. Nickel's outright price on the LME was recently trading at $13,245 per tonne, down by m...Read More
Russian multi-metal miner Nornickel's newly-established environmental working group has begun work to tackle the significant fallout from a series of recent ecological disasters, the company said on Thursday July 16.The working group, which comprises independent members of Nornickel's board of directors, said that it intends to solve the serious environmental issues facing the company after suffer...Read More