Key data from the pricing sessions in Asia and Europe in the week ended Friday November 15.ChinaKey drivers The Chinese silicon export market continued to gain momentum for the fourth consecutive week in response to higher offer prices amid supply tightness in the dry season from November to May. According to market sources, an increase of around 100 yuan ($14) per tonne has been seen in Chi...Read More
The price of seaborne low-grade manganese ore managed to tick upward in the latest assessment period, which ended on Friday November 15, amid a revival in buying appetites.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, rose by 3 cents week on week to $3.28 per dry metric tonne unit (dmtu) on November 15, the first rise recorded since late August, when the price was $5.04 per dmtu.Fastmarke...Read More
Industry figures at the International Ferro-alloys conference in Budapest this week will be discussing future developments in the manganese markets after a dramatic turn in the manganese flake price over the past year; Fastmarkets looks at the key reasons behind the slump. The manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price fell to $1,610-1,670 per tonne on November 8, down by...Read More
Large-scale cobalt supply from recycled electric vehicle (EV) batteries is yet to come, Tiger Pan, vice general manager of GEM Co Ltd, told Fastmarkets in a recent interview. Shenzhen-headquartered battery materials producer GEM has established 16 recycling industrial parks in over 10 provinces in China. The company recycles about 5,000 tonnes per year of cobalt, and about 10,000 tpy of nickel. In...Read More
Weeks of slow spot buying from consumers comfortable working with low stock levels has brought cheaper offers into the spot cobalt market so far in November. Competitive negotiations for 2020 long-term contracts, macroeconomic concerns and cautiousness around the pace and timing of an uptick in cobalt usage by the battery sector have also created more reserved sentiment, market sources told Fastma...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 15.ChinaThe domestic spot alloy price in China remained steady with producers continuing to report limited supply of 75% grade material but that demand also remains weak. The export alloy price was similarly unchanged after major Chinese suppliers refused...Read More
Now under the leadership of Tom Wendt Jr, the family owned and operated Wendt Corp has served the scrap metal recycling industry for over 40 years. Bette Kovach asks him about the growth of the business founded by his father, now chairman, in 1977 and company strategy to supply ever more demanding markets.Wendt CorpWhile still in high school, Tom Wendt accompanied his father, Thomas Wendt Sr, to a...Read More
Risk-on...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’s published.Su...Read More
Focus back on lower lows... After...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
Aluminium The LME three-month aluminium price is attempting...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 do...Read More
Q4 2019 price forecast revised a...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
Downside correction extended 13.3% as...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...Read More
Prices broke lower as expected In last week’s...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 lat...Read More
Looking loose on the LME, but tighter on the SHFE There is a striking dichotomy in the global tin market, with refined market conditions looking looser on the LME but tighter on the SHFE. On the LME, exchange inventories are at 6,460 tonnes, little changed on the quarter but up roughly 4,470 tonnes or 200% since the start of the year. They are close to their highest since June 2016. This points to...Read More
China woes fuel price retracement Strong...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...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 it’s 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
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of October Housing Starts at 8:30 AM EST. Consensus was an increase to 1.320 million units in October from upwardly revised 1.266 million units in September. Actual was 1.314 million units.Home Depot dropped $11.09 to $227.76 after r...Read More
While equity markets in the United States have pushed up to and are holding near record highs, the industrial metals are by comparison weak.This suggests global industry is still unsure about whether a post-trade war rebound is on the cards, or whether a trade deal will even emerge. Haven assets are back in demand while trade uncertainty dominates.Base metalsThree-month base metals prices on the L...Read More
China woes fuel price retracement Strong risk-on sentiment in global equity markets and the latest ILZSG data have so far failed to break the negativity in zinc that has seen prices sell off from their late-October highs. Continuing uncertainties over the US-China trade war, and the latest macro data from China, have overshadowed the more supportive themes. The latest ILZSG data showed the global...Read More