Prices for seaborne iron ore concentrate dipped last week amid a wider retreat in the market for the steelmaking raw material, though those for pellets fended off the downward pressure.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $107.93 per tonne last Friday December 20, down by $1.64 per tonne week on week.The daily Fastmarkets index for iron ore...Read More
China's domestic hot-rolled coil prices gained on Monday December 23 as supply remained short in the east of the country, but a mill based in northern China exported material at a low level despite high offers, market participants said.DomesticEastern China (Shanghai): 3,900-3,910 yuan ($556-558) per tonne, up 30 yuan per tonneNorthern China (Tangshan): 3,640-3,650 yuan per tonne, widening upward...Read More
China's rebar prices were mixed on Monday December 23, with market participants divided in their outlook for the market in January.Eastern China (Shanghai): 3,800-3,830 yuan ($542-546) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,520-3,560 yuan per tonne, up 20 yuan per tonneSome participants think inventory in the spot market in January will stay low, which will sup...Read More
Here are five Fastmarkets MB stories you might have missed on Monday December 23 that are worth another look....Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday December 20. Europe Key drivers European silicon spot prices continued momentum from previous weeks. The metal is closing the year in a positive mood after constant falls in the second and third quarters of 2019. Trading has slowed slightly down ahead of the holiday but European sources...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday December 20.ChinaKey drivers The price of antimony, MMTA standard grade II, ddp China, continued to drop for the seventh consecutive week in the latest assessment period ended Wednesday December 18, as suppliers cut offer prices further amid scant buying interest.Some suppliers lowered prices in an effort to sell off stock...Read More
The fate of indium stocks once held by the failed Fanya Metal Exchange and due to be auctioned this week will remain a major concern for indium market participants going into 2020.An upcoming auction on Sunday December 29 for Fanya's 3,609.5 tonnes of indium is likely to be the last held for the now defunct exchange's hefty minor metals inventories, but the uncertainty clouding the indium market w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures were virtually unchanged following release of November Durable Goods Orders at 8:30 AM EST. Consensus was an increase of 1.5% versus a gain of 0.5% in October. Actual was. Excluding Transportation Orders, consensus for November Durable Goods Orders was an increase of 0.2% ve...Read More
Canada's Nemaska Lithium (TSX: NMX) has filed for creditor protection after attempts over several months to find new investors and continue operations.The Montreal-based company is trying to avoid becoming the latest victim of an oversupply of the metal needed in the batteries for electric cars and high-tech devices, which has squeezed the market this year.Nemaska said it had received approval fro...Read More
South Africa's AngloGold Ashanti (NYSE:AU) and its joint-venture partner IAMGOLD (TSX: IMG) are selling their 82% stake in the Sadiola mine in Mali to Australia's Allied Gold for US$105 million.The mine, Iamgold's founding asset and one of the three properties AngloGold Ashanti put on the chopping block this year, is also owned by Mali's government, which has an 18% interest.Under the deal, both c...Read More
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