With the exception of tin, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Friday February 5, suggesting there is little appetite for follow-through selling after recent bouts of weakness. Asian-Pacific equities were stronger this morning......as was the US Dollar IndexBase metalsThree-month tin prices were down by 0.4% at $22,880 pe...Read More

Chinese battery raw material supplier Beijing Easpring Material Technology Co has inked a deal with Indonesia's Halmahera Persada Lygend (HPAL) for an eight-year supply of nickel and cobalt beginning in 2021."Nickel and cobalt [resources] have becoming more and more important amid robust demand following strong sales of new energy vehicles (NEVs) globally... and the deal will help us secure a suff...Read More

Domestic prices for hot-rolled coil across Europe were stable day on day on Friday February 5, despite attempts by mills to achieve price rises, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?710 ($851.43) per tonne on Friday, unchanged from Thursday.The index was down by ?,?2.50 per tonne week on week, but up by ?,?43.75...Read More

Russian steelmaker Evraz has signed a contract with Italian equipment producer Danieli to supply equipment for expansion of the continuous casting machine (CCM) No 1 at its Nizhniy Tagil mill. Modernization will increase capacity at the CCM to 1.8 million tonnes from 700,000 tonnes previously, according to the company. The CCM makes billet for the production of railway wheels, rails and bandages....Read More

Hot-dipped galvanized (HDG) coil prices fell in Turkey's domestic and export markets during the week to Friday February 5 amid slow demand, sources told Fastmarkets.Demand was weak this week because buyers had sufficient stocks and did not want to place orders while prices are decreasing.Most buyers are expecting prices to fall further because of the recent price falls in the hot-rolled coil marke...Read More

Turkish hot-rolled coil prices continued to fall in the week to Friday February 5, while cold-rolled coil prices were stable because of low stock levels in the country, sources told Fastmarkets.Demand for CRC was strong, so producers did not give any discounts during the week.Buyers were hesitant about booking HRC, however, because prices have been falling, so only very few deals we...Read More

Domestic steel rebar prices in Poland were likely to decrease on weaker scrap values, even though local producers had already closed their sales of February material, sources told Fastmarkets on Friday February 5.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 2,900-2,950 zloty ($773-787) per tonne on Friday, narrowing downward from 2,900-3,000 zlo...Read More

(Updates with close of Friday trading, adds details on VIXperformance history) By April Joyner NEW YORK, Feb 5 (Reuters) - As the trading frenzy inGameStop Corp shares and other social media favoritesrecedes, investors are eyeing signs of potential market stressthat could weigh on broader stock performance in coming weeks. For now, U.S. equities appear to be looking past last week'ssurge in volati...Read More

With the exception of tin, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Friday February 5, suggesting there is little appetite for follow-through selling after recent bouts of weakness.Asian-Pacific equities were stronger this morning, as was the US Dollar Index.Base metalsThree-month tin prices were down by 0.4% at $22,880 p...Read More

The price of shredded steel scrap imported into India and Pakistan moved down in the week to Friday February 5 as a result of poor trading conditions, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $408.73 per tonne on Friday, down from $415.83 per tonne one week earlier.A deal was heard at the start of the week at $41...Read More

The price range for UK-origin light iron fell for the third consecutive week as lower European export prices to traditional deep-sea markets, such as Turkey, dragged down domestic markets in Europe, sources said this week.However, tighter supplies arriving into British scrapyards as a result of a slump in scrap generation during the Covid-19 pandemic - with the automotive and construction sectors...Read More

Zoom (ZM), a NASDAQ 100 stock moved above $486.83 resuming an intermediate uptrend. Canadian "gassy" stocks are moving higher. Nice breakout by Birchcliff Energy above $2.42 extending an intermediate uptrend!Bausch Health (BHC), a TSX 60 stock moved above $35.45 extending an intermediate uptrend.Cisco Systems (CSCO), a Dow Jones Industrial Average stock moved above $47.62 extending an intermediate...Read More

Turkish steel producers resumed their deep-sea scrap purchases on Friday February 5 after achieving lower prices, sources told Fastmarkets.A steel mill in the Iskenderun region booked a UK cargo consisting of 18,000 tonnes of HMS 1&2 (80:20) at $387 per tonne cfr.A steel mill in the Marmara region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $380 per tonne and bonus at $390 per tonne cf...Read More

Brazil exported 19,002 tonnes of ferrous scrap in January 2021, a 62.3% decline from 50,348 tonnes in the corresponding month of 2020, according to data published by the country's economy ministry on Thursday February 4.Exports for the first month of the year were at their lowest level for a January in 11 years.January's figures continued the trend of lower outgoing shipments with suppliers focusi...Read More

Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.At least two major steelmakers were heard making inquiries for scrap with Japanese trading houses and suppliers on Friday February 5. The hive of activity comes just ahead of China's Lunar New Year holiday next week, with som...Read More

The seaborne premium hard coking coal price in the fob market declined on Friday February 5, while Australian coking coal cargoes that had been in anchorage at Chinese ports may lead the seaborne premium fob price down, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.53 per tonne, down $1.01 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard...Read More

Iron ore prices in the seaborne market dipped despite a recovery in liquidity, but port prices pushed up, sources told Fastmarkets on Friday February 5. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.01 per tonne, down $1.02 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.53 per tonne, down $1.08 per tonne58% Fe fines high-grade premium, cfr Qingdao: $144.29 per t...Read More

The Wuxi Stainless Steel Exchange launched an electronic trading contract for ammonium paratungstate (APT) with the trading code APT2105 on Friday February 5. For this new contract, the delivery period is May 2021 and the last trading day is May 17, 2021 with the deadline for delivery of bill of lading of May 18, the exchange said. The trading hours for this contract are 8:30-11:30 each trading da...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 5.China The seaborne markets were quiet ahead of the Lunar New Year (February 11-17). Continuing weakness in the portside market and persistently high inventories weighed on the market despite major suppliers declaring force majeure on some shipments after heavy rain in South Africa caused l...Read More