China's domestic rebar prices continue rising on Wednesday August 14 after Tuesday's unexpected announcement by United States President Donald Trump of a delay in the imposition of a further 10% tariff on a number of Chinese goods until December 15. China's domestic rebar prices continue rising on Wednesday August 14 after Tuesday's unexpected announcement by United States President Donald Tr...Read More
Chinese output of hot metal, crude steel and finished steel all fell on a month-on-month basis in July amid weakening demand and steelmaking restrictions in the country's production hub in northern China. Demand in China's domestic market weakened last month amid bad weather - heavy rain in some regions and sweltering heat in most of the country - which was a major contributing factor for July's l...Read More
Domestic prices for hollow steel sections remained unchanged across Europe this week, with trading largely on hold during the traditional summer break, sources told Fastmarkets on Wednesday August 14.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, stayed at ?,?615-630 ($688-705) per tonne on Wednesday.During August, many workers take...Read More
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil dropped over the past week, largely due to limited buying interest arising from heightened trade tensions between China and the United States, market sources told Fastmarkets.The Chinese currency passed the 7-yuan per $1 threshold earlier this month after US president Donald Trump announced plans to impose 10% duties on...Read More
Chinese output of hot metal, crude steel and finished steel all fell on a month-on-month basis in July amid weakening demand and steelmaking restrictions in the country's production hub in northern China. Demand in China's domestic market weakened last month amid bad weather - heavy rain in some regions and sweltering heat in most of the country - which was a major contributing factor for July's l...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 14.Please click...Read More
The three-month price of zinc on the London Metal Exchange continued to slide at the close of trading on Wednesday August 14, slipping below the support level at $2,300 per tonne amid a 2.8% selloff, while tin futures held on to gains above the $17,000 per tonne threshold.Volumes traded over the day were moderately low, with copper's 13,234 lots topping the complex, while 11,200 lots of aluminium,...Read More
In the United States, the nickel 4x4 cut cathode premium weakened on the high end while nickel briquette premiums held their wide range, European market players eyed the forward curve and Chinese players maintained focus on the import window. US 4x4 nickel cut cathodes respond to falls from cheaper nickel forms European premiums steady but backwardation may signal a future sell-off Chinese premium...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday August 14 that are worth another look.A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.China announced a third round of copper scrap import quotas on August 14, all...Read More
A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.The latest news regarding Indonesian nickel exports claims that Indonesia's President Joko Widodo will make the final decision on whether the country will bring an export ban on mineral o...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 14.Please click...Read More
The three-month price of zinc on the London Metal Exchange continued to slide at the close of trading on Wednesday August 14, slipping below the support level at $2,300 per tonne amid a 2.8% selloff, while tin futures held on to gains above the $17,000 per tonne threshold.Volumes traded over the day were moderately low, with copper's 13,234 lots topping the complex, while 11,200 lots of aluminium,...Read More
In the United States, the nickel 4x4 cut cathode premium weakened on the high end while nickel briquette premiums held their wide range, European market players eyed the forward curve and Chinese players maintained focus on the import window. US 4x4 nickel cut cathodes respond to falls from cheaper nickel forms European premiums steady but backwardation may signal a future sell-off Chinese premium...Read More
The price of steel rebar in the domestic market of Northern Europe has been stable over the past week amid subdued trading that is typical for this time of year, sources told Fastmarkets on Wednesday August 14.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?500-520 ($560-582) per tonne on Wednesday.The market slowdown in the north...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday August 14 that are worth another look.A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.China announced a third round of copper scrap import quotas on August 14, all...Read More
Chinaannounced a third round of copper scrap import quotas on Wednesday August 14, allowing a select list of importers to bring an additional 87,680 tonnes of copper scrap into the country by the end of 2019, according to the Bureau of International Recycling.The list of waste import quotas, which covers waste and scrap forms of of aluminium, copper, ferrous metals and paper, was published by...Read More
Resumed buying activity in the United States amid a low outright tin price caused tin ingot premiums to widen this week, while questions surrounding physical demand continue to cap premium ranges in Europe and Asia. US market reports uptick in buying momentum European traders cautious of tightening spreads Demand woes keep Asia premium static US range widens on countervailing trends T...Read More
A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.The latest news regarding Indonesian nickel exports claims that Indonesia's President Joko Widodo will make the final decision on whether the country will bring an export ban on mineral o...Read More