Here are five Fastmarkets stories you might have missed on Wednesday May 12 that are worth another look.The so-called "Suez Armada" of vessels that were delayed by the unintentional blockage of the Suez Canal has now been processed by the Port of Rotterdam, but the port was still "extremely" busy and there were challenges ahead for the...Read More

Domestic prices for European heavy steel plate increased further in the week to Wednesday May 12, supported by good demand and material availability becoming limited, sources have told Fastmarkets.Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Northern Europe, was ?,?980-1,020 ($1,191-1,239) per tonne on May 12, up by ?,?30-40 per tonne week on week from ?,?950-980 per tonne.T...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More

Domestic prices for hot-rolled coil continued to rise across Europe on Wednesday May 12, with producers having few volumes to offer in the spot market and there being a lack of import alternatives, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,058.13 ($1,285.71) per tonne on May 12, up by ?,?15.63 per tonne from ?,?1,0...Read More

Here are five Fastmarkets stories you might have missed on Wednesday May 12 that are worth another look.The so-called "Suez Armada" of vessels that were delayed by the unintentional blockage of the Suez Canal has now been processed by the Port of Rotterdam, but the port was still "extremely" busy and there were challenges ahead for the...Read More

The differential between duty-paid and duty-unpaid aluminium premiums in Rotterdam has been trading far below the traditional 3% duty delta for well over the past year and market participants are questioning if this is a new norm. Fastmarkets assessed the aluminium P1020A premium, in-whs dp Rotterdam at $225-240 per tonne on Tuesday May 11. On the same day, Fastmarkets assessed the aluminium P1020...Read More

Exports of ferrous materials from India could become more logistically challenging in the coming weeks while the country battles the Covid-19 pandemic, market participants have told Fastmarkets.The worst may still be to come for steel exports out of Covid-hit eastern India, sources said, because of a lack of available stevedores, forces majeures at ports and reduced steel output at certain plants....Read More

Futures prices on the London Metal Exchange were down across the board at the close of trading on Wednesday May 12, after higher-than-expected inflation indicators in the United States pushed the dollar up to its highest figure this week.Lead was the metal most badly affected by the inflation numbers released earlier on Wednesday, with its price down by 1.6% to $2,187 per tonne, from $2,222 per to...Read More

Iron ore prices rose on Wednesday May 12 because of the strong price performance for steel products, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $237.57 per tonne, up $8.64 per tonne 62% Fe low-alumina fines, cfr Qingdao: $240.00 per tonne, up $10.19 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $207.22 per tonne, up $7.15 per tonne 65% Fe Brazil-origin fines, c...Read More

Copper premiums in China and the United States have parted ways this week, though an actual shift of copper cathode to the western hemisphere has yet to take place.Shanghai premiums sink to 9-year lowChinese premiums for copper cathode imported into the country sank to their lowest level since 2012 in the week to Tuesday May 11, and trading sentiment is very low amid unfavorable import conditions....Read More

Did we just get our smoking gun on silver manipulation?by Jason Burack of Wall St For Main StDid we get our smoking gun about more precious metals market manipulation today?FULL SHOW NOTES AND LINKS HERECommit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy ww...Read More

Iranian export prices for steel billet and slab went through several rounds of increases over the week to Wednesday May 12, supported by demand from China.China's domestic rebar prices surged on May 10 and set a new high after the October futures contract on the Shanghai Futures Exchange hit the daily limit within 10 minutes of the start of trading.Fastmarkets' assessment of the price for steel re...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 12.Please click...Read More

RAPAPORT... India's jewelry industry could lose business to rivals such as China and Mexico if the US goes ahead with its proposed new tariffs on the sector, industry leaders warned this week.Fresh import duties would jeopardize jobs and the well-being of the industry in both India and America, officials from the southern Asian nation said Monday in a meeting with the US Trade Representative...Read More

RAPAPORT... The Coloured Gemstones Working Group (CGWG) has launched a platform that will provide free resources on sustainability and other issues to all those who work with colored gems.CGWG was started by jewelry retailers Chopard, Kering, LVMH, Richemont, Swarovski, and Tiffany & Co., as well as colored-gemstone miners Gemfields and Muzo, with the goal of creating positive change in the in...Read More

RAPAPORT... Alrosa's sales jumped in April as manufacturers continued to restock amid rising demand for diamond jewelry in key markets.Revenues from rough and polished diamonds climbed to $401 million for the month, compared with $15.6 million a year earlier, reflecting a favorable comparison with the peak of the coronavirus crisis last year. Sales also rose 12% versus March, the Russian mine...Read More

RAPAPORT PRESS RELEASE, May 12, 2021, Mumbai ... The Rapaport Group is pleased to announce the appointment of Prashant Bhojani as the new Chief Marketing Officer for Rapaport India.Bhojani (pictured) will drive the marketing and communication activities of Rapaport India. He will lead the marketing of a powerful set of new initiatives that will add value for Rapaport's Indian clients while continu...Read More

(IDEX Online) - A delegation of Antwerp diamond bosses has visited Angola, in a bid to break Dubai's near monopoly on its stones.Twenty CEOs took part in a two-day trade mission to the capital Luanda, organized by the Antwerp World Diamond Centre (AWDC) and the Belgian Embassy.They were seeking closer working links with Angola, currently the world's sixth biggest diamond producer.But loc...Read More

RAPAPORT... De Beers has revamped the management of its Tracr blockchain platform as the project moves into its second stage of development.Wes Tucker, the miner's senior vice president of digital transformation, took over as Tracr's head earlier this year, a De Beers spokesperson confirmed to Rapaport News this week. He replaced Jim Duffy, who had been general manager of the platform since m...Read More

RAPAPORT... A royal tiara "tried on" over 22,000 times on Instagram sold for more than $1 million at Sotheby's on Tuesday, making it one of the top-grossing lots at the Geneva auction. The headpiece, which became Sotheby's most popular augmented-reality filter on social media, brought in $1.6 million - just over its high estimate - at the May 11 Magnificent Jewels and Noble Jewels sale. That...Read More