Fastmarkets publishes trade logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets' daily steel hot-rolled coil index, fob mill US averaged $56.15 per hundredweight ($1,123 per short ton) for the week ended Friday January 29, up by 0.5% from an average of $55.87 per cwt the previous week. The index wa...Read More

The price of tin on the London Metal Exchange closed above $23,000 per tonne on Monday February 1, while aluminium's forward price was under the most pressure from the rising US Dollar Index, dropping by more than 1% from last week's closing prices.Tin's three-month price rose by 1.4% to $23,103 per tonne from Friday's 5pm closing price of $22,779 per tonne, ending the day above the $23,000 per to...Read More

Here are five Fastmarkets stories you might have missed on Monday February 1 that are worth another look.Chinese nickel sulfate prices have made steady gains since the start of 2021, rising again last week to set the highest level since Fastmarkets began tracking the market in July 2018.More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps...Read More

Chinese nickel sulfate prices have made steady gains since the start of 2021, rising again last week to set the highest level since Fastmarkets began tracking the market in July 2018.Fastmarkets assessed the price of nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China at 33,000-33,500 yuan ($5,133-5,211) per tonne on Friday January 29, up by 1,000 yuan per tonne (3.1%) from 32,000-32,50...Read More

The price of tin on the London Metal Exchange closed above $23,000 per tonne on Monday February 1, while aluminium's forward price was under the most pressure from the rising US Dollar Index, dropping by more than 1% from last week's closing prices.Tin's three-month price rose by 1.4% to $23,103 per tonne from Friday's 5pm closing price of $22,779 per tonne, ending the day above the $23,000 per to...Read More

Iron ore prices fell on Monday February 1, sources told Fastmarkets, due to weak demand and limited trading liquidity, despite the potential impact of severe weather on supplies from Australia. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.07 per tonne, down $1.47 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.77 per tonne, down $1.28 per tonne58% Fe fines high-grade...Read More

Seaborne coking coal fob prices across the board rose on Monday February 1, sources said, adding that bids and offers for premium hard coking coal were higher than before while the cfr market remained quiet.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.54 per tonne, up $1.62 per tonnePremium hard coking coal, cfr Jingtang: $217.73 per tonne, unchanged Hard coking coal, fob DBCT: $133...Read More

Did the Cartel just kill the silver paper-price rally?*****Half Dollar's Note: In addition to the CFTC's statement discussed in the article below, Bloomberg reports margin requirements have been hiked by 18% on silver futures contracts, effective tomorrow, meaning, "put up more money or we'll sell your position".*****(by Half Dollar) Recall that last week, the SEC stepped in to issue a "statement"...Read More

This new group of investors just found out that the players on Wall Street have been manipulating Silver more than...by J. Johnson via JS MinesetGreat and Wonderful First Day of February Folks, Gold is trading in the green with the April contract now at $1,867.40, up $17.10 after the rally to $1,876 with the low down at $1,851.70. Short squeezed Silver is up $3.026 with the March contr...Read More

Here's an update on the incredible demand for silver...(by Half Dollar) By now, everybody knows about the tightness at the various bullion dealers around the country.Here's recommended viewing, featuring one of the original Docs:Developing... Read More

SPOILER ALERT: It doesn't even matter anymore if SLV goes Gamestop...(by Half Dollar) Yes, I was wrong about the imminent price crash, but I wouldn't go calling a surge in the price of silver from $27 to $30 exactly going GameStop.The point, however, is moot, and I still think that if the Cartel needs to keep eyes off of silver, the Cartel will just crash the broader markets as cover and take-down...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The conequences of the Covid-19 pandemic on energy demand affected oil and gas prices through much of 2020 and weighed on drilling rates and demand for oil-country tubular goods (OCTG) in most regions.These effects were most likely to continue well into 2021 and perhaps longer, according to Fastmarkets OCTG Intelligence Serv...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.By William Tankard, Principal Analyst and Hun Hao Chuah, Senior Research Analyst. Driven by a growing list of stakeholder requirements and an explosion in creative solutions, we expect the mining industry to accelerate its adopti...Read More

Some European steel producers pushed their official hot-rolled coil offer prices upward in the week ended Friday January 29, with buyers likely to accept some transaction price increases in the short term.On January 28, ArcelorMittal increased its official offers for HRC to ?,?750 ($910) per tonne ex-works across the EU, up by ?,?20 per tonne from previous offers. And Swedish steelmaker SSAB has b...Read More

RAPAPORT... The Indian government has reduced import duties for key precious metals and clarified that rough-diamond purchases are exempt from a new e-commerce tax, drawing praise from jewelry-trade leaders.Customs duties on gold and silver will decrease to 7.5% from the previous rate of 12.5%, Finance Minister Nirmala Sitharaman announced Monday in the country's annual budget. The government...Read More

RAPAPORT... Grading laboratories are widely viewed as the guardians of trust in the diamond industry, and have a long history of using technology to authenticate the product. But the trade is seeing some disruption as the larger labs adopt artificial intelligence (AI) and machine learning to enhance their grading capabilities. In the third installment of Rapaport's podcast series, "Technology...Read More

RAPAPORT... The Natural Diamond Council (NDC) has launched a partnership program for jewelry retailers, enabling them to use the category-marketing organization's advertising materials on a local level."As we continue working under a new context where the need for digital content continues to rise, it has become apparent there is an opportunity to collaborate and share resources with diamond-...Read More

Fastmarkets proposes to amend the frequency of the publication of its copper cathode premium cif Rotterdam. Rotterdam continues to be a major location for copper cathode imports into Europe, but premiums for that business rarely change between a typical range, historically between $35 per tonne and $55 per tonne over London Metal Exchange prices. As such, Fastmarkets is proposing to amend the freq...Read More

(IDEX Online) - A rough tender in Dubai raised almost $60m as TAGS reported "extraordinarily strong demand".It says all 87,000 carats on offer were sold during the week-long event at at the Dubai Diamond Exchange."We achieved by far the highest prices we have seen since before the COVID-19 crisis," said a spokesman for Trans Atlantic Gem Sales DMCC (TAGS).Around 150 companies, mostly from India, t...Read More

(IDEX Online) - An American rapper is to have a huge natural pink diamond, valued at $24m, embedded in his forehead.Lil Uzi Vert, 26, told fans he'd been paying for the gem - which he describes as "10 almost 11 carats" since 2017 and it was now time to have it implanted. It cost more than his Bugatti, other cars and house, he said.Vert - real name Symere Bysil Woods, from Philadelphia - expla...Read More