U.S. equity index futures were lower this morning. S&P 500 futures were down 79 points in pre-opening trade.Canadian National Railway was unchanged at U.S. $118.31 despite a target increase by Cowen from US $110 to $US119.Thermo-Fisher dropped $6.80 to $590.00 despite target increases by JP Morgan, Stifel Nicolaus and KeyBancNike dropped $2.50 to $153.92 after Deutsche Bank lowered its target...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
South Korean battery manufacturer LG Energy Solution (LGES) has agreed to buy a 4.8% stake in China's Greatpower Nickel & Cobalt Materials Co for 35 billion Won ($29.72 million), the Chinese battery materials producer said on Friday September 17. In addition, two parties have signed a supply contract for six years, which entails Greatpower supplying a total of 20,000 tonnes of nickel sulfate to th...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
Global scrap prices diverged in the week to Friday September 17, with the Asian and US scrap markets reporting gains, while Turkey tried to recover the previous weeks' losses in its most recent purchases.Turkish mills book handful of cargoesRecent cargoes see higher export prices on US marketVietnam prices jump on higher export ordersChinese scrap prices dip on winter pollution controlsTaiwan scra...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 17.China Both the domestic and export markets in China rose to record highs on Wednesday. The domestic price was first assessed by Fastmarkets in 2006 and the export market in 1997.Continuing supply shortages fueled a two-month domestic price rally, amid bullish futures and lingering supply conce...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
Base metals price movements on the London Metal Exchange were mixed on Friday September 17 following a week marked by volatility, with copper, nickel and lead down, the last-named having been under selling pressure for most of the past five days.Nickel's three-month price reached $20,245 per tonne on Friday, while its volumes were at their highest since the start of the week, with more than 11,400...Read More
Senior executives from 17 companies and industry association European Aluminium have called on the European Commission (EC) to move forward with anti-dumping duties on aluminium flat-rolled products (FRP) imports from China. In a letter sent on Wednesday September 15, the signatories said that planned definitive anti-dumping duties on Chinese FRP are balanced, fair and critical to the survival of...Read More
Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.Broader markets were quiet but firmer heading into the weekend and China's Mid-Autumn Festival holiday takes place on Monday and TuesdayBase metalsThree-month b...Read More
China's nickel pig iron (NPI) prices held steady in the week to Friday September 17 amid nationwide production cuts while those for nickel ore surged amid increased freight and tight supply.Fastmarkets price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,430-1,450 yuan ($222-225) per nickel unit on Friday, unchanged from a week earlier.Prices have been unchang...Read More
The price range for light iron scrap in the UK widened upward during the week to Friday September 17, with major processors seeking to attract enough feedstock into their yards to keep their scrap-processing machines working cost-effectively, trade sources have said.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?170-190 ($235...Read More
Lithium carbonate prices in China were at parity with those for hydroxide in the week ended Thursday September 16 amid lingering spot tightness for both battery-grade and technical-grade carbonate.Lithium prices in China's domestic market continue to make strong gains on tight spot availability, rising spot spodumene price.Spot supply constraints allow seaborne Asian lithium market to track the up...Read More
China's nickel pig iron (NPI) prices held steady in the week to Friday September 17 amid nationwide production cuts while those for nickel ore surged amid increased freight and tight supply.Fastmarkets price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,430-1,450 yuan ($222-225) per nickel unit on Friday, unchanged from a week earlier.Prices have been unchang...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
Indian hot rolled coil export prices slumped by $65 per tonne at the top end of the range on Friday September 17, on lower-priced bookings to Vietnam, sources told Fastmarkets.Fastmarkets' price assessment for steel hot-rolled coil (commodity) export, fob main port India was $840-845 per tonne on Friday, down by $5-65 per...Read More
The flat steel market in Turkey remained slow during the week ended Friday September 17 because of decreasing prices, sources told Fastmarkets.Most producers decreased their prices during the week, but it did not help to stimulate buying due to falling global raw materials prices.Fastmarkets' daily calculation of its index for 62% Fe fines, cfr Qingdao was $101.95 per tonne on September 17, fallin...Read More
Domestic steel rebar prices in Poland declined again in the week to Friday; buyers expect further price declines and so held back from trading in the week ended September 17, sources told Fastmarkets.Trading activity in Poland's rebar market has been sluggish over the past seven days, with most sources expecting substantial price cuts by domestic mills toward October when the new quota period open...Read More
Rising freight rates continued to push the import prices for flat-rolled steel products upward in South America in the week ended Friday September 17, despite offers from China remaining scarce and demand slowing down, especially in Brazil.Some market participants reported that freight rates were $20-30 per tonne higher, depending on the port of origin and the product. For coiled material, for exa...Read More