Key data from the pricing session in Europe on Friday April 26.Key drivers Several producers of chromium metal are already destocking ahead of the summer lull, according to sources; this destock usually does not happen before late May-June. Sources see this as a clear sign of slow demand. The chromium market has been following a...Read More
Eramet increased its manganese output by 14% year on year in the first quarter of 2019, while also increasing sales volumes by 7% despite lower prices, the French mining and metallurgical group said on Thursday April 25.The company produced a record quarterly volume of 1 million tonnes of manganese ore and made ?,?434 million ($483.63 million) in product sales.The performance shows a healthy manga...Read More
Key data from the pricing session in London on Friday April 26.ChinaKey drivers-The Chinese grade-553 silicon export price moved down on ample supply and weak demand.- Some traders cut offers to attract buying interest on expectations that prices could slide further after Sichuan producers resume operations in May, with cheaper hydroelectric power available to the region at that time. - Most silic...Read More
Chinese imports of cobalt intermediates rose quickly in March after the price, as well as that of the international cobalt benchmark price, accelerated downward in January, which stimulated buying of the raw material. China imported 21,210 tonnes of cobalt intermediates in March, up by almost 83% from 11,596 tonnes in February, according to official but unconfirmed data. Prior to March, Chinese im...Read More
Fastmarkets MB has corrected its monthly alloy surcharges for Europe domestic grade-304 and grade-316 stainless steel cold-rolled sheet (2mm) for April, which were published incorrectly on March 29, 2019 due to an error.The incorrect ranges were published because one of the stainless steel mills - whose surcharges comprise the ranges - was late in publishing them for April. The range for grade-304...Read More
With LME Asia Week fast approaching, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: the growing risk of supply-side headwinds for nickel prices.Nickel prices face considerable downside pressure from increasing supply of two nickel-containing stainless steel raw materials - nickel pig iron (NPI) and nickel plate - as well as an abunda...Read More
Price weakness contained for now Base metal prices have been slipping in recent weeks. Given that the whole group is suffering, the drivers are likely to be broad and macro-related rather than metal-specific. Since speculative positioning is neutral and recent price weakness has not irreversibly damaged the technical picture, the complex could turn higher again on the back of dollar weakness, furt...Read More
LME aluminium price was marginally higher last week The weekly average LME aluminium price was marginally stronger last week, on the back of the positive sentiment following the fresh lifetime high in the S&P 500 Index but capped by continued strength in the US dollar index, which reached its highest level since 2017 last Thursday. The weekly average LME cash price was $1,848 per tonne last week,...Read More
Aluminium Judging by its current technical configuration, the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus...Read More
ICSG shows a lack of fundamental...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Swing from deficit to balance...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Share this articleThe Neal Project in Idaho, USA. Source: Pure Nickel Inc.Pure Nickel Inc. [NIC-TSXV; PNCKF-OTC] said Tuesday April 30 that it has signed a deal with a numbered company controlled by Eric Sprott that outlines the arm's length terms for the acquisition by Pure Nickel of a 51% interest in the Neal Development Ltd. Partnership from Sprott Mining, and the option to acquire an additiona...Read More
Monthly deficits continue, but are staying small The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the l...Read More
Intense sell-off so far in April ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Spreads trigger stock inflows, dent price...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Base metals prices on the London Metal Exchange were for the most part treading water this morning, Tuesday April 30, while the market digests the disappointing Chinese data released earlier. This, combined with the fact that many Asian market participants are away for holidays this week, is likely to lead to subdued trading – but reduced liquidity could also lead to increased volatility. Bas...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. The Canadian Dollar was virtually unchanged at 74.34 cents U.S. following release of the February GDP report. Consensus was an increase of 0.1% versus a gain of 0.3% in January. Actual was a decrease of 0.1%.Alphabet dropped $95.20 to $1201.00 after releasing less than consensus first quarte...Read More
Billet producers from the Commonwealth of Independent States (CIS) reduced their prices in the week ended Friday April 26 to attract buyers, and this affected the markets in most regions.But producers in other regions, such as Turkey, were not able to follow this tactic due to the strong prices in their regions for scrap raw materials.For example, Fastmarkets' daily ferrous scrap index for Norther...Read More