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Participants in Europe’s copper industry struck a pessimistic tone in conversations with Fastmarkets in the lead-up to LME Week, with sources saying that weak demand, high interest rates and a poor macro-economic environment were dampening the mood in the industry
Bears out of hibernation ahead of October ferrous scrap trade
The publication of Fastmarkets’ EU, UK stainless steel scrap prices was delayed because of a technical error on Friday September 29.
Fastmarkets will calculate its index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, $/tonne to two decimal places from October 2, instead of one decimal place, which is done currently.
Fastmarkets proposes to launch a cobalt mixed hydroxide precipitate payable indicator, % cobalt metal standard grade in-whs Rotterdam, CIF China, Japan, and South Korea and cobalt mixed hydroxide precipitate, outright price, CIF China, Japan, and South Korea, $/tonne.
Fastmarkets proposes to amend the frequency of its MB-NIO-0003 nickel mixed hydroxide precipitate outright price, cif China, Japan, and South Korea and MB-NIO-0004 nickel mixed hydroxide precipitate payable indicator, % London Metal Exchange, cif China, Japan, and South Korea from once per week to daily.
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