Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Fastmarkets pricesClick here for Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China, yuan/tonneClick here for Fastmarkets' price assessment for the cobalt sulfate 20.5% Co basis, adjustment to standard-grade cobalt low-end price, exw China, $/Ib Click here for the formula...Read More
Cobalt sellers successfully held out for higher prices last week, despite a fairly limited uptick in consumer demand after the summer break. Fastmarkets' benchmark price assessment for standard-grade cobalt stood at $16.80-17.50 per lb, in whs Rotterdam on Friday September 6, narrowing upward by 15 cents per lb from $16.65-17.50 per lb on September 4. Alloy-grade cobalt prices were assessed at $17...Read More
European aluminium scrap prices universally dipped on Friday September 6 with the effects of China's moratorium on non-ferrous scrap imports finally being felt amid a loosening scrap supply picture. China announced a more stringent approach to non-ferrous scrap imports starting on July 1, 2019, with some participants at the time believing the move would have a negligible impact on the European sec...Read More
Chinese risk appetite improving Despite the trade stand-off with the US and the deteriorating economic data, the Chinese government’s plans to provide more support for its economy is constructive. For base metals prices, it should, at worst, be a supportive factor in the coming few months and, at best, drive them higher. Aluminium: Limited upside potential We believe recent price action sugge...Read More
Macro support from China has dominated...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
Aluminium LME aluminium price action produced a 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 downloa...Read More
Short-covering rebound responding to macro factors... 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
Macro, geopolitical improvements help boost...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 iss...Read More
Reaction to expedited Indonesian ore export ban We said in last week’s report that the focus in the nickel industry has quickly turned from the timing of the Indonesian ore export ban, to the response to the ban. Almost daily we are getting reports of the industry responding and reacting. Export scramble: On one hand, there are suggestions from Indonesia that smelter construction schedules wi...Read More
Bulls are back... Bulls...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
Price rebound limited by weak demand...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 s...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 lower this morning. S&P 500 futures were down 6 points in pre-opening trade. The Canadian Dollar moved slightly higher at U.S. 75.95 cents following release of August Canadian Housing Starts at 8:15 AM EDT. Consensus was a drop to 212,500 from 222,000 in July. Actual was 226,600.Wendy's dropped $1.43 to $20.52 after reducing its 2019 guidance. Ford dropped $$0.28...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 6 that are worth another look.There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode at higher levels than in recent weeks due to improving market fundamen...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 6 that are worth another look.There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode at higher levels than in recent weeks due to improving market fundamen...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 6 that are worth another look.There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode at higher levels than in recent weeks due to improving market fundamen...Read More
Following is a link:http://www.equityclock.com/2019/09/06/stock-market-outlook-for-september-9-2019/Note seasonality charts on U.S. Non-farm Payrolls and Canadian EmploymentThe Bottom LineWorld equity markets moved higher last week despite elevated volatility. Equity markets have a history of elevated volatility at this time of year with a flat/downward bias from mid-July to mid-October. Supplemen...Read More
European buyers of imported hot-rolled coil (HRC) are expected to switch from Turkish material to products from India, Asia and Serbia, market sources told Fastmarkets this week.The European Commission (EC) recently presented a draft of adjusted measures including a 30% limit to the market share of the global quota that can be taken up by any single country that supplies HRC to Euro...Read More
A tighter supply-demand balance for iron ore at Chinese ports coupled with sharp price decreases in the seaborne market have led to the steelmaking raw material being sold at large premiums at the docks in China.Fastmarkets' implied China port price for 62% Fe iron ore fines, fot Qingdao was $10.18 per tonne higher than its index for 62% Fe iron ore fines, cfr Qingdao on August 5. This is the wide...Read More