Prices for hollow steel sections in the domestic European market have remained stable this week but some market participants were preparing to adjust their prices downward after a decline in feedstock prices, Fastmarkets heard on Wednesday October 24.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe remained stable week on week at...Read More
Turkey produced 27.981 million tonnes of crude steel in January-September 2018, a 0.86% increase on the 27.742 million tonnes produced in the corresponding period in 2017, according to the Turkish Steel Producers Association (T???oeD). In September, crude steel production was 2.80 million tonnes, a 5.90% year-on-year fall. The country produced 9.416 million tonnes of slab in January-September, up...Read More
Major Chinese steel mills raised their crude steel output slightly in early October.China Iron & Steel Association (Cisa) members produced crude steel at an average rate of 1.9874 million tonnes per day during the first 10 days of the month, up 0.13% from 1.9848 millon tonnes per day during the last 10...Read More
European tin premiums have surged this week on concerns about continued supply from Indonesia, while premiums in the United States and China have remained firm on reduced demand and ample supply. Rotterdam 99.9% in-warehouse premium at 5-month high US tin demand expected to slow Closed import window keeps China premiums flat.European premium bolstered by production woesIn Europe, the premium for 9...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Wednesday October 24, pressured by continued strength in the US dollar index while the three-month aluminium price broke below $2,000 per tonne for the first time since April.Reaching an intraday low of $1,996 per tonne, the aluminium market continues to be affected by uncertainty over United States...Read More
The market for Turkish lumpy chrome ore showed signs of strong recovery late last week and, although the market appears to have stalled since then, the uptrend looks set to resume.Upward momentum started to return to the market after several weeks in which there was little reported trade.Fastmarkets MB's price assessment of Turkish lumpy chrome ore, cfr China, gained $8 to reach $230-240 per...Read More
The latest news and price moves to start the Asian day on Thursday October 25.Base metal prices on the London Metal Exchange were collectively lower at the close of trading on Wednesday October 24, pressured by continued strength in the United States' dollar index while the three-month aluminium price broke below $2,000 per tonne for the first time since April. Read more in our live futu...Read More
The latest metal markets news and price moves to start the North American day on Wednesday October 24.Base metals prices on the London Metal Exchange were predominantly higher during morning trading, buoyed by a bounce in Asian stock indices while a two-month high in the US dollar index did little to offset fresh buying momentum.Despite high risk-aversion prompting a downtrend in base metals price...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday October 24.Base metals prices on the Shanghai Futures Exchange were all up during Asian morning trading on Wednesday, with the complex benefitting from a softening in the dollar overnight and positive sentiment stemming from a stronger showing in China's equities market.Check Fastmar...Read More
European tin premiums have surged this week on concerns about continued supply from Indonesia, while premiums in the United States and China have remained firm on reduced demand and ample supply. Rotterdam 99.9% in-warehouse premium at 5-month high US tin demand expected to slow Closed import window keeps China premiums flat.European premium bolstered by production woesIn Europe, the premium for 9...Read More
Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Wednesday October 24, pressured by continued strength in the US dollar index while the three-month aluminium price broke below $2,000 per tonne for the first time since April.Reaching an intraday low of $1,996 per tonne, the aluminium market continues to be affected by uncertainty over United States...Read More
Limited availability pushed iron ore prices up on Wednesday October 24 amid a bullish futures market.MB 62% Fe Iron Ore Index: $74.73 per tonne cfr Qingdao, up by $0.42 per tonne.MB 62% Fe Pilbara Blend Fines Index: $73.76 per tonne cfr Qingdao, up by $0.42 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $80 per tonne cfr Qingdao, up by $1.30 per tonne.MB 58% Fe Premium Index: $67.77 per tonne cfr...Read More
* U.S. crude stocks up, gasoline, diesel inventories down -EIA* Saudi assurance on oil supplies, economic worries weigh* Two China state refiners to skip Iran oil bookings for Nov* Brent ends lower, U.S. futures up modestly (Adds additional details, quotes, updates prices to settlement, adds volume)By David GaffenNEW YORK, Oct 24 (Reuters) - Oil prices rose modestly on Wednesday, rebounding after...Read More
MUMBAI, Oct 24 (Reuters) - The Indian rupee strengthened to a three-week high on Wednesday morning, aided by a sharp fall in global crude oil prices overnight, while expected gains in local shares also helped sentiment. O/RThe partially convertible rupee INR=D2 was trading at 73.22/23 per dollar at 0340 GMT, compared with its previous close of 73.5750 and after earlier touching 73.10 in opening de...Read More
* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Nikkei futures point to opening drop around 600 points* Wall St suffers worst one-day fall since 2011* Chip stocks hammered amid earnings, economic worries* Bonds rally on safety bid, US dollar and yen in demandBy Wayne ColeSYDNEY, Oct 25 (Reuters) - Asian share markets face a rough ride on Thursday after a tumble in technology stocks inflicted th...Read More
Investing.com - Gold prices slipped from three-month highs on Wednesday as weakness in the euro and sterling pushed the dollar to nine-week highs.At 9:09 AM ET (13:09 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $1.20, or 0.10%, to $1,232.20 a troy ounce, backing away from $1,237.80 reached on Tuesday amid simmering geopolitical tensions.M...Read More
Global physical nickel spot markets have been quiet over the past week while participants focus on negotiating long-term supply deals. Closed arbitrage window keeps Chinese market steady; long-term negotiations to start in November European premiums unchanged while participants start to look at next year's supply contracts US nickel premiums static while participants focus on long-term deals ...Read More
(Adds company news items, futures)Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 69 points higher on Wednesday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open.* BARCLAYS: Barclays BARC.L reported a profit before tax of 3.1 billion pounds ($4.02 billion) for the third quarter, as its under-pressure investment banking division booked...Read More
Prices for hollow steel sections in the domestic European market have remained stable this week but some market participants were preparing to adjust their prices downward after a decline in feedstock prices, Fastmarkets heard on Wednesday October 24.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe remained stable week on week at...Read More