Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Flat steel prices in the Turkish market continued to increase sharply in the week to Friday December 11, on strong demand, low stock levels and expectations that prices will rise further, sources told Fastmarkets.Most flat steel buyers believe prices have more room to increase because of strong demand and prices in the global market.Fastmarkets' daily index for steel hot-rolled coil index export,...Read More
Demand for coated steel products in the domestic Turkish market was strong in the week to Friday December 11 while supply was still limited, sources told Fastmarkets.As a result, prices kept increasing during the week, reaching their highest levels since the end of 2012.Some coated coil producers sold limited quantities of product at the beginning of the week, and then closed their orderbooks.The...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points in pre-opening trade. Index futures were virtually unchanged following release of the U.S. November Producer Price Index. Consensus was an increase of 0.1% versus a gain of 0.3% in October. Actual was up 0.1%. Excluding food and energy, consensus for the November Producer Price Index was an increase of 0.2%...Read More
Global steel scrap prices continued to increase throughout the week to Friday December 11 on active purchasing from steel mills and tight supply in the spot market.Turkey purchases at increasingly higher prices on tight supplyUS exporters see brisk trade on East CoastTaiwan sees continued shortage in containerized scrap supplySurge in Kanto Tetsugen auction cause H2 offers to spike in VietnamIndia...Read More
The import market for pig iron in the United States increased in the week to Friday December 11 on strong demand, with buyers forced to search for alternative supply, sources told Fastmarkets. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $470-480 per tonne on Friday, up from $455-465 per tonne a week earlier.Three pig iron bookings were re...Read More
The price of austenitic alloy steel scrap in the UK and Europe increased significantly this week because of higher nickel costs, sources told Fastmarkets on Friday December 11. Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK rose to ?980-1,040 ($1,305-1,385) per tonne on Friday, up by ?30-60 per tonne week on week from ?950-980 per to...Read More
The price of shredded steel scrap imported into India and Pakistan crossed $400 per tonne on Friday December 11 as a result of high international prices and tight shipping availability, sources told Fastmarkets. India Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $401.81 per tonne on Friday, up from $380.65 per tonne one week earlier. Deals were he...Read More
Turkish deep-sea scrap import prices have continued to climb, reaching highs not seen since early January 2014, on the fresh European cargoes sold at the end of the week, sources said on Friday December 11.A steel mill in the Marmara region booked a European cargo - comprising 15,000 tonnes of a 75:25 mix of No1 and No2 heavy melting scrap, 7,500 tonnes of a mixture of HMS 1 and plate and structur...Read More
The export pig iron price from the Commonwealth of Independent States went up again during the week to Thursday December 10 on a shortage of material with further increases expected, according to market sources.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $450-460 per tonne on Thursday, narrowing upward from $433-460 per tonne a week ea...Read More
Seaborne iron ore prices stayed on an upward trend on Friday December 11, despite environmental restrictions being imposed on steel mills in the steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $160.13 per tonne, up $3.55 per tonne62% Fe low-alumina fines, cfr Qingdao: $160.41 per tonne, up $3.62 per tonne58% Fe fines high-grad...Read More
The price paid for seaborne low-volatile pulverized coal injection (PCI) material in the fob market rose on Friday December 11 due to tight supply, sources said. Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.04 per tonne, up $0.15 per tonnePremium hard coking coal, cfr Jingtang: $179.63 per tonne, up $1.03 per tonneHard coking coal, fob DBCT: $92.97 per tonne, up $0.41 per tonneHard...Read More
Base metals prices on the London Metal Exchange were down across the board this morning, Friday December 11, this after copper, zinc, nickel and tin set fresh highs for the year either on Thursday or earlier this morning. There are many cross currents flowing through the markets - the US Covid-19 relief package continues to be delayed, a no-deal Brexit is still a high possibility and US initial jo...Read More
An overview of the aerospace materials markets and their latest price moves. Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt hydroxide p...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
Key data from Fastmarkets' Friday December 11 pricing session in London.Key drivers Tightening prompt availability in Europe and consumer restocking continued to push prices to a new high. The market was now trading at its highest level since mid-March, when prices...Read More
Hebei Iron and Steel Group (HBIS), China's second-largest steelmaker, has increased its purchase price for December-delivery silico-manganese to 6,350 yuan ($971) per tonne, market participants told Fastmarkets on Thursday December 10.The latest price is 270 yuan per tonne higher than the mill's purchase price of 6,080 yuan per tonne for November-delivery cargoes. HBIS' price, which applies to car...Read More