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

Turkish steel producers resumed their deep-sea scrap purchases on Friday February 5 after achieving lower prices, sources told Fastmarkets.A steel mill in the Iskenderun region booked a UK cargo consisting of 18,000 tonnes of HMS 1&2 (80:20) at $387 per tonne cfr.A steel mill in the Marmara region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $380 per tonne and bonus at $390 per tonne cf...Read More

Brazil exported 19,002 tonnes of ferrous scrap in January 2021, a 62.3% decline from 50,348 tonnes in the corresponding month of 2020, according to data published by the country's economy ministry on Thursday February 4.Exports for the first month of the year were at their lowest level for a January in 11 years.January's figures continued the trend of lower outgoing shipments with suppliers focusi...Read More

Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.At least two major steelmakers were heard making inquiries for scrap with Japanese trading houses and suppliers on Friday February 5. The hive of activity comes just ahead of China's Lunar New Year holiday next week, with som...Read More

The seaborne premium hard coking coal price in the fob market declined on Friday February 5, while Australian coking coal cargoes that had been in anchorage at Chinese ports may lead the seaborne premium fob price down, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.53 per tonne, down $1.01 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard...Read More

Iron ore prices in the seaborne market dipped despite a recovery in liquidity, but port prices pushed up, sources told Fastmarkets on Friday February 5. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.01 per tonne, down $1.02 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.53 per tonne, down $1.08 per tonne58% Fe fines high-grade premium, cfr Qingdao: $144.29 per t...Read More

The Wuxi Stainless Steel Exchange launched an electronic trading contract for ammonium paratungstate (APT) with the trading code APT2105 on Friday February 5. For this new contract, the delivery period is May 2021 and the last trading day is May 17, 2021 with the deadline for delivery of bill of lading of May 18, the exchange said. The trading hours for this contract are 8:30-11:30 each trading da...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 5.China The seaborne markets were quiet ahead of the Lunar New Year (February 11-17). Continuing weakness in the portside market and persistently high inventories weighed on the market despite major suppliers declaring force majeure on some shipments after heavy rain in South Africa caused l...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 21.75-22.35...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 it applies.Fastmarkets assessed Cobalt alloy...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...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.Fastmarkets...Read More

The price of flat-rolled stainless steel produced in Europe rose further this week while supply struggled to keep pace with demand, sources told Fastmarkets on Friday February 5. Fastmarkets' weekly price assessment of stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?2,500-2,550 ($2,998-3,058) per tonne on Friday, up by ?,?120-150 per...Read More

Pakistan long steel producer Agha Steel is to install solar polar at its production facility in a push to achieve green steelmaking, the company said on Thursday February 4. As part of its "Green Steel Revolution," the company has signed a contract with Renewable Power Pvt Ltd to install a 2.25 Megawatt solar power project at its production facility. Using solar power would reduce its carbon emiss...Read More

Prices for imported containerized ferrous scrap in Taiwan have continued to trend downward despite efforts by some market participants to shore up the market.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $350-360 per tonne on Friday February 5, unchanged from a day earlier but down by $5-10 per tonne from...Read More

The upcoming Lunar New Year holiday in Vietnam, also known as Tet, has dampened buying sentiment during the week to Friday February 5, sources told Fastmarkets. Offers for bulk Japanese H2 materials were at $385 per tonne cfr Vietnam this week, with a buyer bidding at $380 per tonne cfr Vietnam.A rebound in the Japanese scrap market has led some Japanese sellers to raise offers to $400-405 per ton...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 5. China  The domestic spot ferro-silicon price softened for the first time since early August 2020 after some suppliers trimmed their offer prices to generate sales ahead of the Lunar New Year holiday (February 11-17). Sentiment weakened due to falling futures prices in the week to Wed...Read More

The uptrend in European vanadium prices continued to accelerate at the beginning of February while end-user demand increased amid tight prompt supplies, sources told Fastmarkets.Fastmarkets' assessment for the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe price was at $28.25-29.50 per kg on Friday February 5, up 2.2% from the midweek assessment of $28-28.50 per kg, when prices had...Read More

We were tempted to resist talking about the Reddit phenomenon but why not wade in, particularly now as we stand amongst the smoking ruins of the dreams of silver bugs, planet-wide, who thought all their Christmases had come at once.Sweeping in from nowhere the idea that the Gamestop surge could be leveraged to create a short squeeze in silver became the obsession of silver bugs over the last weeke...Read More