Under pressure LME tin prices have...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 soo...Read More
ILZSG reports a big global deficit...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 soo...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 3 points in pre-opening trade.Allergan jumped $38.93 to $168.52 after AbbVie reached an agreement to purchase the company in a cash-and-share deal priced at $188.24 per share and valued at $63 billion. Each Allergan share is to be exchanged into 0.8660 AbbVie shares and $120.30 cashThe Allergan/AbbVie deal is attracti...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 21 that are worth another look.Ferrous hedging was a common topic at the Steel Success Strategies XXXIV conference in New York this past week, with record-low market prices and the need to increase efficiencies continuing to mandate a new way of thinking.Tin's forward spreads on the London Metal Exchange have narrowed f...Read More
Steel billet prices in most markets declined over the week to Friday June 21, with buyers showing little interest in material while scrap prices trended lower.Fastmarkets' daily index for Northern Europe-origin scrap HMS 1&2 (80:20) was $273.10 per tonne cfr on Friday June 21, down from $283.65 per tonne cfr on the same day last week.In such conditions most customers either lowered their bids for...Read More
Steel billet prices in most markets declined over the week to Friday June 21, with buyers showing little interest in material while scrap prices trended lower.Fastmarkets' daily index for Northern Europe-origin scrap HMS 1&2 (80:20) was $273.10 per tonne cfr on Friday June 21, down from $283.65 per tonne cfr on the same day last week.In such conditions most customers either lowered their bids for...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 21 that are worth another look.Ferrous hedging was a common topic at the Steel Success Strategies XXXIV conference in New York this past week, with record-low market prices and the need to increase efficiencies continuing to mandate a new way of thinking.Tin's forward spreads on the London Metal Exchange have narrowed f...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 21 that are worth another look.Ferrous hedging was a common topic at the Steel Success Strategies XXXIV conference in New York this past week, with record-low market prices and the need to increase efficiencies continuing to mandate a new way of thinking.Tin's forward spreads on the London Metal Exchange have narrowed f...Read More
Geopolitical tensions in the Middle East showed no sign of abating over the weekend after the United States claimed that it had carried out a cyber-attack on Iranian weapons systems in retaliation for the latter shooting down a US drone last week. US secretary of state Mike Pompeo says additional sanctions on Iran could be implemented today, but US president Donald Trump appears ready to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Caesars Entertainment added $1.21 to $$11.20 after agreeing to a cash and share offer by Eldorado Resorts valued at $12.75 per share. Value of the offer is estimated at $17.3 billion.United Technologies (UTX $128.75) is expected to open higher after Cowen upgraded the stock to Outperform...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Premiums for nickel full plate surged in China this week following an arbitrage-driven rally that saw Fastmarkets' premium assessments for the material in Shanghai hit historic highs.Fastmarkets' assessment of the premium for nickel, 99.8% purity, full plate, cif Shanghai, climbed to $350-410 per tonne on Tuesday June 18, an increase of 69% from $210-240 per tonne a week prior and the highest sinc...Read More
Nickel's three-month price on the London Metal Exchange edged lower during morning trading on Friday June 21, pressured by a continued draw on the exchange's dwindling supply. Some 2,778 tonnes of full-plate nickel cathodes were freshly booked out of LME-registered warehouses this morning, prompting the downturn in price movement. The metal's futures price was still trading above the nearby $12,00...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Manganese ore availability in Chinese ports is tighter than high stocks suggest because market participants are avoiding selling into falling markets, which is leading to "frozen stocks," market sources report. Manganese ore prices have fallen by as much as 8% over the past month due to deteriorating sentiment, aggressive bidding and high stocks. Fastmarkets' 37% manganese ore index, cif Tianjin d...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
The light iron market has dropped ?5 ($6.35) per tonne in the UK over the past week, on slower domestic demand and a fall in European export prices, sources told Fastmarkets on Friday June 21.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-100 ($102-127) per tonne on June 21, compared with ?85-105 per tonne previously. The move follows a ste...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More