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
Crude steel output in Germany moved up by 6.0% year-on-year in January 2021, marking the fourth consecutive month of growth, German steel federation WV Stahl said on Friday February 19.In the first month of 2021, German crude steel production totaled 3.31 million tonnes, up from 3.12 million tonnes in the corresponding period of 2020."This means that production has reached the average level of 201...Read More
Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chili Cyprium sees the Nifty operation in Western Australia getting the show on the road next year, with 20,000tpa for 20 years the target.Read More
The pig iron import market in the United States improved during the week to Friday February 19 on a bullish attitude among suppliers.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $510-520 per tonne on Friday, widening upward from $510 per tonne a week earlier.One large pig iron buyer purchased a cargo for April shipment from...Read More
The Turkish deep-sea scrap market fell silent again at the end of the week following the latest upturn in prices, market participants told Fastmarkets on Friday February 19.The only deep-sea cargo heard over the past week came to light on Thursday February 18. The late-Wednesday deal, in which a steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $418...Read More
Prices for shredded steel scrap imported into India and Pakistan continued to move upward in the week to Friday February 19 on tight supply and challenging shipping conditions, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $430.86 per tonne on Friday, up from $415.11 per tonne one week earlier.Two deals were heard this wee...Read More
The price for UK light iron scrap moved up for the first time in five weeks on Friday February 19, linked to tight supplies and an improving international market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?140-150 ($195-209) per tonne on Friday, up from ?120-135 per tonne on February 12.Prices we...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer this morning, Friday February 19, on the back of expectations for stronger demand from a widespread recovery and due to the underlying momentum.There are potential headwinds – namely the rising US treasury yields and talk that US taxes may have to rise to help pay for the pandemic respo...Read More
The export market for pig iron from the Commonwealth of Independent States increased during the week to Thursday February 18 on sales to Italy. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $500-515 per tonne on Thursday, rising $5 from $495-510 per tonne a week before. "It seems the market in the Mediterranean region [including Ita...Read More
Iron ore prices drifted down on Friday February 19, on weakening demand from Chinese steel mills, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.55 per tonne, down $1.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.00 per tonne, down $1.50 per tonne58% Fe fines high-grade premium, cfr Qingdao: $159.21 per tonne, down $1.01 per tonne65% Fe Brazil-origi...Read More
New structures to lithium contracts will provide more flexibility to raise prices in response to improving market conditions, United States-based lithium producer Albemarle said during an earnings call on Thursday February 18.The call followed the release of the company's full-year and fourth-quarter financial results for 2020.Eric Norris, the company's president of lithium operations, said that n...Read More
NextEra Energy (NEE), an S&P 100 stock moved below $79.61 completing a double top pattern.Pre-opening Comments for Friday February 19thU.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US79.28 cents following release following release of Canada's December Retail Sales report at 8:30 AM...Read More
The seaborne low-volatility pulverized coal injection (PCI) cfr price declined on Friday February 19 on alleviated Russian-origin material supply tightness while the majority of Australian coal cargoes were still in anchorage, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $141.13 per tonne, down $0.13 per tonnePremium hard coking coal, cfr Jingtang: $217.48 per tonne, unchang...Read More
China's domestic rebar prices rose further on Friday February 19 albeit at a slower pace amid low trading activity. DomesticEastern China (Shanghai): 4,470-4,500 yuan ($692-696) per tonne, up by 20 per tonne Northern China (Beijing) - weekly assessment: 4,330-4,370 yuan per tonne, up by 210-220 per tonne from February 5 More sellers returned to work during the day, but end users are still on holid...Read More
Bullish sentiment continued to drive trading on the London Metal Exchange on Friday February 19, with copper, nickel and tin rising again to new highs, even as potential headwinds start to emerge for the base metals complex. Copper's three-month price extended to $8,737 per tonne on Friday morning, its highest in nine years. By 9am, it was at $8,720 per tonne, 1.95% higher than its Thursday closin...Read More
China's hot-rolled prices declined on Friday February 19 amid low trading activity after rallying a day earlier following a weeklong public holiday for the Chinese New Year.DomesticEastern China (Shanghai): 4,680-4,720 yuan ($723-730) per tonne, down 30-60 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,660-4,680 yuan per tonne, up 330 yuan per tonneWhile some sellers issued offers...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...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.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.....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