Fastmarkets MB rounds up some of the key news and price moves across the global metal markets this week.Base metals In breaking news this afternoon, the US Treasury Department has further extended the expiration date of general licenses relating to UC Rusal until December 12.Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data for the pricing session in the week ending Friday October 12. China China's domestic spot markets for ferro-chrome and UG2 chrome ore were relatively quiet in the first week after the national holiday, which ran October 1-7. Offers for imported charge chrome rose but liquidity...Read More
Fastmarkets MB rounds up some of the key news and price moves across the global metal markets this week.Base metals In breaking news this afternoon, the US Treasury Department has further extended the expiration date of general licenses relating to UC Rusal until December 12.Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at...Read More
Adam HamiltonArchivesOct 12, 2018 The lofty stock markets suffered a sharp selloff this week that may prove a major inflection point. There was one lone sector that bucked the heavy selling to surge in the carnage, the gold miners' stocks. They are the last cheap sector in these bubble-valued stock markets, long overlooked and neglected. Wildly undervalued today, the gold stocks have great potenti...Read More
Rising copper premiums should forerun years of higher prices for the metal, Atlantic Copper chief executive officer Javier Targhetta said in an interview with Fastmarkets on Tuesday October 9 during LME Week in London. Premiums for copper cathodes in-warehouse Shanghai remain close to three-year highs, while import gains for Chinese refined copper in September are up by 16.1% this year....Read More
The Fastmarkets MB alumina index fob Australia dropped below $500 per tonne on Friday October 12 following the Brazilian government's U-turn on an earlier decision, allowing the Alunorte alumina refinery to resume production at 50% capacity. Fastmarkets MB's fob Australia daily alumina index was at $493.75 per tonne today, down from $504.50 on Thursday October 11. Key drivers On Saturday, Hy...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets MB prices Click here for Fastmarkets MB's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets MB's price assessment for high-grade cobalt, in-warehouse, $ per lb In...Read More
Ferrous scrap prices moved in different directions in the various global markets during the working week from Monday October 8 to Friday October 12, Fastmarkets has learnt.Import prices in Turkey and India inched upward week-on-week, while Taiwanese import prices slipped on poor demand. Offers from the United States to Turkey remained firm, but some US exporters lowered their buying prices in prep...Read More
Fastmarkets' weekly prices assessments for alloy steel scrap imported into mainland Europe were unchanged this week amid 'very slow' market activity and relatively stable nickel prices.Demand has been below expectations since the end of the summer, when the usual post-holiday recovery failed to fully materialise. And it weakened further when stainless steel prices dropped sharply in October, with...Read More
The price for shredded ferrous scrap imported into India inched up this week but trading remained subdued because of the week rupee, sources told Fastmarkets MB on Friday October 12.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India increased to $358.92 per tonne cfr Nhava Sheva on Friday October 12, from $355 per tonne cfr Nhava Sheva one week ago.The import mark...Read More
The Friday Market Minute Wall Street futures point to sharp rebound after the biggest two-day sell-off since February Friday, but banks earnings and Treasury bond yields will be key for the overall market's direction.World stocks notch their best day in 2 years, thanks to big gains in Asia, after a bigger-than-expected China-U.S. trade surplus suggests export growth will support the world's...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Domestic Chinese battery-grade lithium carbonate and hydroxide prices softened on Thursday October 11 due to lower concluded prices after the Golden Week national holiday on October 1-7. Cheaper lithium compounds produced from brine in China keep dragging spot prices down while suppliers of lithium compounds produced from hard rock are resisting lower bids. The Chinese lithium carbonate price...Read More
Domestic prices for coated steel coil products in Turkey continued to decrease in the week ended Friday October 12, with demand remaining poor in the local market.Yet demand in the export market, mainly Europe, was quite good for coated coil.Some Turkish producers decreased their prices, however, because of the weak domestic demand in the country.Domestic pricesOne northern producer in Turkey was...Read More
Sentiment in Turkey's flat steel market remained negative over the week ending Friday October 12, but some prices managed to increase, sources told Fastmarkets.Turkish producers were offering flat steel for late November and early December production, with several bookings heard.Domestic pricesProducers have been offering hot-rolled coil (HRC) to the domestic market at $570-580 per tonne ex-works,...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More
Domestic prices for rebar in Poland have moved down slightly over the past week despite strong demand from the construction industry, sources told Fastmarkets on Friday October 12.Fastmarkets MB's price assessment for domestic 12mm B500B-grade rebar in Poland was at 2,340-2,380 zloty ($624-635) per tonne ex-works on October 12, widening downward over the week from 2,340-2,390 zloty per tonne...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More