Prices for seaborne iron ore concentrate and pellets were largely steady last week, though premiums gained some strength.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $103.99 per tonne last Friday December 6, little changed from $104.11 per tonne a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $100....Read More
China's domestic rebar prices picked up on Monday December 9 amid rising iron ore and coke futures.Eastern China (Shanghai): 3,900-3,930 yuan ($554-558) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,640-3,680 yuan per tonne, up 10 yuan per tonneThe Dalian Commodity Exchange launched iron ore options during the day, which stimulated trading activity for the steelmaking raw materials' f...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday December 6.ChinaKey drivers The price of antimony, MMTA standard grade II, ddp China, dipped for the fifth consecutive week in the week ended December 6 after some suppliers adjusted their offer prices down further in an attempt to destock and generate cash amid persistently weak buying interest.Many domestic antimony...Read More
Prices for cobalt stabilized during the first week of December, with sellers less open to accepting cheaper bids than they had been in November, although spot trade remained slow. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam settled at $15.75-16.20 per lb on Friday December 6, narrowing downward by 10 cents from $15.75-16.30 per lb on Wednesday December 4.Prices f...Read More
Sentiment...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as its published....Read More
Increase in Chinese imports in Nov...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Aluminium LME three-month aluminium ran into a short-covering...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus...Read More
Copper breaks above $6,000 per tonne......ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
Low prices see scrap availability...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Vale exiting VNC again? Vales investor day in...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the la...Read More
Prices playing catch-up LME...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
At risk of testing fresh lows ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as its published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Base metal markets have become more mixed this week with copper and tin running higher, zinc, lead and nickel consolidating just above low ground and aluminium oscillating sideways.Broader markets that have been seeing more risk-on are now consolidating while they wait for some key political decisions on the United Kingdoms general election, and its ramifications for Brexit, and on the Unite...Read More
U.S. equity index futures were slightly higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Investors are waiting for news on interest rates by the Federal Reserve Open Market Committee to be released at 2:00 PM EST. Consensus is that the Fed Fund Rate will remain unchanged. Index futures were virtually unchanged following release of the November U.S. Consumer Price Ind...Read More
Prices in the major global markets for steel billet continued to rise during the week ended Friday December 6, but buying was slower than the previous week because most mills were fully booked.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $278.98 per tonne on December 6 compared with $266.08 per tonne on November 29."Suppliers have already s...Read More
Prices in the major global markets for steel billet continued to rise during the week ended Friday December 6, but buying was slower than the previous week because most mills were fully booked.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $278.98 per tonne on December 6 compared with $266.08 per tonne on November 29."Suppliers have already s...Read More
Here are five Fastmarkets MB stories you might have missed on Friday December 6 that are worth another look.Sir Brian Bender has seen three London Metal Exchange chief executive officers, the sale to Hong Kong Exchanges & Clearing and a great number of other changes over more than nine years as the exchange's chairman, he told Fastmarkets in an interview, but the open outcry system will remain for...Read More
Here are five Fastmarkets MB stories you might have missed on Friday December 6 that are worth another look.Sir Brian Bender has seen three London Metal Exchange chief executive officers, the sale to Hong Kong Exchanges & Clearing and a great number of other changes over more than nine years as the exchange's chairman, he told Fastmarkets in an interview, but the open outcry system will remain for...Read More