Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.Most flat steel import prices in South America have remained unchanged in the week ended March 6, in a market lull before the start of negotiations for May shipments, although sellers were indicating that more expensive offers would be presented in the weeks ahead.The International Copper Study Gr...Read More
Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.Most flat steel import prices in South America have remained unchanged in the week ended March 6, in a market lull before the start of negotiations for May shipments, although sellers were indicating that more expensive offers would be presented in the weeks ahead.The International Copper Study Gr...Read More
Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.Most flat steel import prices in South America have remained unchanged in the week ended March 6, in a market lull before the start of negotiations for May shipments, although sellers were indicating that more expensive offers would be presented in the weeks ahead.The International Copper Study Gr...Read More
Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.Most flat steel import prices in South America have remained unchanged in the week ended March 6, in a market lull before the start of negotiations for May shipments, although sellers were indicating that more expensive offers would be presented in the weeks ahead.The International Copper Study Gr...Read More
Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.Most flat steel import prices in South America have remained unchanged in the week ended March 6, in a market lull before the start of negotiations for May shipments, although sellers were indicating that more expensive offers would be presented in the weeks ahead.The International Copper Study Gr...Read More
U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 145 points to its daily limit in pre-opening trade before trading was halted. Index futures responded to increasing coronavirus concerns and failure by OPEC and Russia to reach an oil production quota agreement. Saudi Arabia slashed prices for its crude oil and announced intentions to increase production. WTI...Read More
Nickel demand from China is likely to decline more than anticipated because of the novel coronavirus (2019-nCoV) outbreak, Nornickel said during its earnings call.But the Russian multi-metal miner - the world's leading nickel producer - said it was too early to quantify the risk posed to business by the virus.Publishing its 2019 financial results report on February 26, Nornickel sai...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Modest outflows of metal failed to support the London Metal Exchange three-month aluminium price on Friday March 6, which closed at $1,685 per tonne after a turnover of more than 15,000 lots. The benchmark three-month aluminium price briefly hit a high of $1,718.50 during trading on Friday, but closed well below the $1,700 per tonne mark despite seeing 6,250 tonnes in fresh cancellations over the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 6.China Chinese domestic spot ferro-silicon price tumbled because both previously existing logistical constraints and supply tightness have eased. Chinese export prices slipped in response to the weaker domestic market. Export demand threat loomed because...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 6. China The UG2 chrome ore price hit its lowest level since April 2016 in its third consecutive week of decline. Spot Chinese ferro-chrome prices steady due to the market awaiting March tender prices from...Read More
There was an uptick in spot market activity in the week to Friday March 6 after smelters returned to make purchases for second-quarter consumption. Chinese smelters took advantage of rising spot treatment and refining charges (TC/RCs) to snap up significant quantities of concentrate for the second half with TCs settled at a range of high $60s to low $70s per tonne. Trader purchase levels ar...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the minor metals markets and the reasons behind the latest price moves. Read More
The price of ferrous scrap imported into India trended downward this week, with a combination of factors dampening sentiment, sources told Fastmarkets on Friday March 6.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $302.54 per tonne on Friday, down from $305.66 per tonne one week ago.Deals for shredded were heard at $302 and $305 per tonne from UK and...Read More
The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday March 6, marking four weeks of stability but ahead of an uncertain outcome in negotiations for monthly deliveries to British steelmakers from domestic suppliers this month, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter...Read More
The price of austenitic grades of alloy steel scrap in the UK domestic and European import markets moved up this week on higher nickel costs, sources told Fastmarkets on Friday March 6. Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?750-800 (968-1,033) per tonne on Friday, up by ?10-20 per tonne week on week. Fastmarkets' price as...Read More
Nickel demand from China is likely to decline more than anticipated because of the novel coronavirus (2019-nCoV) outbreak, Nornickel said during its earnings call.But the Russian multi-metal miner - the world's leading nickel producer - said it was too early to quantify the risk posed to business by the virus.Publishing its 2019 financial results report on February 26, Nornickel sai...Read More
Without fresh major stimulus announcements, markets have turned risk-off again this morning, Friday March 6. Market participants had been expecting the People's Bank of China to announce some further stimulus after the United States Federal Reserve's emergency 50-basis-point rate cut on Tuesday, but nothing has been forthcoming. The spread and impact of the novel coronavirus (2019-nCoV) across Ita...Read More