Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) has signed a second deal to increase its supply of iron ore to international trading company Glencore.CSN's mining division has agreed to supply an additional 10 million tonnes of the steelmaking raw material to Glencore over the next five years. It will receive a pre-payment of up...Read More
Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity. Turkey sees limited import trades US East Coast exporters see bearish demand Asian import prices up but downtrends possible Monsoon in India reduces spot...Read More
Rebar futures in China picked up on Monday July 15 following the release of the latest economic growth data, though spot prices for the long steel product softened amid selling pressure.Domestic Eastern China (Shanghai): 3,970-3,990 yuan ($577-580) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,870-3,900 yuan per tonne, down 10 yuan per tonneChina's gross domestic product grew by 6.3...Read More
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Monday July 15, supported by stronger than expected industrial data out of China, while a slight downturn in the US dollar index aided buying activity. Over the weekend, China's National Bureau of Statistics (NBS) calculated industrial production had increased 6.3% year on year in June-July, exceedi...Read More
China's economic growth slowed to 6.2% in the second quarter of this year - in line with expectations and well within Beijing's target of 6-6.5% growth for 2019 - but market participants continued to focus on the fact that this was the country's lowest gross domestic product (GDP) growth in nearly three decades.The record low GDP growth comes as the world's second-largest economy continues to feel...Read More
Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Monday July 15 with aluminium, zinc and nickel ticking upward, while the rest weakened.Nickel was the outperformer of the SHFE complex, exhibiting similar strength to that of the London Metal Exchange's three-month nickel price at the end of last week.The most-traded August nickel contract on th...Read More
Key data from the pricing sessions in Asia, Europe and United States for the week ended Friday July 12. United States Key drivers Discounting reported, due to the annual dip in end demand coinciding with the need for suppliers to clear their books for mid-year accounting. Automakers' business continues to fall, lowering their demand for secondary aluminium alloys made with silicon.&nb...Read More
Fastmarkets reporters present six main takeaways from the Lithium-ion Battery & Material Supply Chain conference hosted by Shanghai Xinluo Network Technology in Qiandaohu, China, on July 11-12. 180,000 yuan per tonne for cobalt metal a 'good price to restock' Chinese cobalt metal buys should top up inventories when prices in China drop to 180,000 yuan per tonne ($10.52 per lb, less China-VAT), tra...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday July 12.ChinaKey drivers The price action of antimony MMTA standard-grade II, ddp China, stalled last week after many domestic suppliers refused to lower offer prices due to limited available stocks at plants. Some domestic antimony suppliers in Hunan province in central China were heard to have suspended their product...Read More
Prices for alloy-grade cobalt fell closer in line with those for standard-grade metal last week after sellers revised their expectations for premiums for certain brands and shapes to shift units. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam, fell to $12.65-13.10 per lb, on Friday July 12, down by 3.6% from $13.05-13.65 per lb a week earlier. Over the same period, Fastm...Read More
Macro...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.Subs...Read More
Strong Chinese industrial production data has...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 i...Read More
Aluminium LME aluminium started trading this week 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...Read More
Tentative rebound Copper prices have attempted...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...Read More
Right to be favouring the...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
Jakarta talking about reinstating ore export ban There...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...Read More
Rebound likely to steepen The rebound...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 attempting to form a base... 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
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