The prices of all base metals, with the exception of zinc, on the London Metal Exchange eased on Wednesday February 3, with the rising dollar index continuing to cap futures prices on the exchange. Zinc's three-month price was the only one to see a small rise on Wednesday morning to $2,581.50 per tonne from Tuesday's 5pm closing price of $2,569.50 per tonne. Nevertheless, the galvanizing metal's...Read More
Domestic prices for heavy plate in Northern Europe and Southern Europe increased during the week to Wednesday February 3, sources told Fastmarkets, though market participants are questioning the sustainability of higher prices and stronger demand. Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Northern Europe was ?,?660-680 ($795-819) per tonne ex-works on February 3, up by ?,...Read More
ArcelorMittal Italia has resumed operations at blast furnace (BF) No2 and coke battery No9 at its Taranto steel plant in the south of Italy, the producer said on Wednesday February 3.BF No2 was restarted on February 1. It had been closed in March 2020.Currently, the producer is running furnaces No1, No2 and No4, and two steel mills are also operating.On February 2, the producer also resumed operat...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesVice-president of exploration Sergio Riviera said the survey, which consisted of five east-west lines on 300m north-south spacing for a total of 17.Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesManaging director Errol Smart said during financing and partnership talks for its Prieska copper-zinc development in SA, the Okiep project kept coming up.Read More
Domestic steel rebar prices in Southern Europe declined in the week to Wednesday February 3 under the pressure of slow buying activity and weaker scrap values, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?600-620 ($723-747) per tonne on Wednesday, down from ?,?610-635 per tonne last week.ItalyRebar...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly weaker this morning, Wednesday February 3, with zinc prices bucking the trend.Silver’s rally turn into a spike on Tuesday and stronger pre-market major western equity index futures this morning suggest equity markets are turning more risk-on again.* While three-month tin prices on the LME were off t...Read More
Check Point (CHKP), a NASDAQ 100 stock moved below $125.32 completing a double top pattern. Pre-opening Comments for Wednesday February 3rdU.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures moved slightly higher following release of the January ADP Non-farm Employment report at 8:15 AM EST. Consensus was an increase of...Read More
Turkish steelmakers continued to stay away from deep-sea scrap purchases on Wednesday February 3, expecting prices to fall again due to limited demand for rebar and steel billet, sources told Fastmarkets....Read More
The Japanese export scrap market has bounced off the floor to record higher prices over the past week following an effort from suppliers to resist new sales, sources told Fastmarkets on Wednesday February 3.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?36,000-38,000 ($343-362) per tonne on Wednesday, up by ?1,500-3,000 per tonne from ?33,000-36,500 per tonn...Read More
The fob seaborne premium hard coking coal price edged up on Wednesday February 3 after a transaction for premium low-volatility hard coking coal was sealed at a higher price, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $157.53 per tonne, up $0.74 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, down $0.50 per tonneHard coking coal, f...Read More
Iron ore prices edged up on Wednesday February 3, supported by an increase in inquiries from steel mills intending purchase, although trading activity was still limited, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $152.65 per tonne, up $2.85 per tonne62% Fe low-alumina fines, cfr Qingdao: $152.90 per tonne, up $2.53 per tonne58% Fe fines high-grade p...Read More
Chinese steel mills caught between low margins and less cash liquidity in the open markets are turning to telegraphic transfers (TT) as the key form of payment, market sources told Fastmarkets this week. "Smaller steel mills that do not have sufficient cash flow are accepting only telegraphic transfers for payments now, instead of letters of credit," a steel trader in east China told Fastmarkets o...Read More
Spread the lovePRIVATE BLOG - Silver – Reddit & PanicPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly weaker this morning, Wednesday February 3, with zinc prices bucking the trend. Silver's rally turn into a spike on Tuesday and stronger pre-market major western equity index futures this morning suggest equity markets are turning more risk-on again.While three-month tin prices on the LME were off the hig...Read More
Key data from the pricing session in London on Wednesday February 3Key driversSpot cobalt metal prices continued to rally during the Wednesday February 3 pricing session against a backdrop of a tightening in availability from producers and sellers offering aggressively amid...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi ...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 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 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