U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. Index futures were virtually unchanged following release of June Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.5% in May. Actual was an increase of 0.4%. Excluding auto sales, consensus for June Retail Sales was an increase of 0.2% versus a gain of 0.5%...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.The antimony standard-grade II price softened on Friday July 12, and while the price for indium rose slightly the metal remains under pressure due to slow demand. Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand...Read More
The decline in the bellwether Turkish ferrous scrap market, along with sluggish long steel demand that led buyers to adopt a wait-and-see approach, applied downward pressure on billet prices in most regions in the week ended Friday July 12.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $282.08 per tonne on July 12, down by $14.10 per tonne from...Read More
The decline in the bellwether Turkish ferrous scrap market, along with sluggish long steel demand that led buyers to adopt a wait-and-see approach, applied downward pressure on billet prices in most regions in the week ended Friday July 12.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $282.08 per tonne on July 12, down by $14.10 per tonne from...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.The antimony standard-grade II price softened on Friday July 12, and while the price for indium rose slightly the metal remains under pressure due to slow demand. Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.The antimony standard-grade II price softened on Friday July 12, and while the price for indium rose slightly the metal remains under pressure due to slow demand. Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand...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 econo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. China announced second quarter GDP. Rate of growth on a year-over-year basis dropped to 6.2%, lowest rate of growth in 22 years.Boeing dropped $4.25 to $361.08 after major U.S. airlines announced postponements for relaunch of their Boeing 737 Max aircraft. General Electric slipped $0.09 t...Read More
The three-month price of nickel on the London Metal Exchange continued to rise on Friday July 12, being up by 2.6% day-on-day at the close of trading to $13,470 per tonne.Nickel has outperformed the other base metals to finish the week up by 7.9% to its highest recorded level since August 2018. It continues to return toward the year-to-date peak of $13,765 per tonne it set on March 6.Market partic...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The three-month prices of base metals traded on the London Metal Exchange universally rose during the morning session on Friday July 12, buoyed by a slew of positive economic data released from China. China's trade balance, which tracks the monetary differential between a country's net imports and exports over a period of time, increased a significant 23% year on year to 345 billion yuan ($19.65 b...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Chinese silico-manganese producers withdrew from the portside spot market this week, citing sufficient stocks having increased their procurement volumes ahead of the release of the July tender price by Hebei Steel, forcing some ore traders to lower their offers. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin China, dropped by 0.30 yuan week on week to 48.30 yuan ($7....Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the minor metals markets and the reasons for any price moves.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
Austenitic alloy steel scrap prices in Europe increased this week as a result of higher nickel costs, sources told Fastmarkets on Friday June 12. The increases came about despite low demand, which in recent weeks has countered the influence of higher nickel prices. However, this week the nickel price rises were more substantial. The price of nickel, 3 months, London Metal Excha...Read More
The UK ferrous scrap market for deliveries to domestic consumers in July has settled at prices unchanged from the previous month, on a tightness in the volume of material on the market, trade sources told Fastmarkets on Friday July 12.The market will soon slow down for the usual summer break, they predicted, when production will typically be reduced by workers' holidays, and by plants' maintenance...Read More
China's trade surplus with the United States in the first half of 2019 has increased as imports from the US have fallen by 25.7%, stoking fears thatPresident Trump will harden his position in trade talks with China. In his speech to Senate Banking Committee, US Federal Reserve Chairman Jerome Powell maintain a dovish stance and stated that the US economy is in a very good place but faced exte...Read More