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MORNING VIEW: Base metals prices mainly firmer, but consolidation dominates
Apart from aluminium, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Tuesday March 30, with broader markets also firmer having partially shook off, for now, contagion worries from last week’s hedge fund troubles.
March 30, 2021
·
By William Adams
Insights
MEXICAN STEEL FORUM: Ferrous scrap shortage to grow, McKinsey exec says
Mexico will remain a net importer of finished steel and is facing a challenge, with its scrap deficit expected to swell by 2025, a McKinsey & Co executive said.
March 30, 2021
·
By Lisa Gordon
Insights
Algeria’s OAIC tenders for April-May shipment wheat
Algeria’s state grain importer OAIC has issued a tender for optional origin milling wheat for April-May shipment, traders...
March 29, 2021
·
By Masha Belikova
Insights
FOCUS: Asia to be hit by ‘steel tsunami’ very soon
Asia will soon be hit by a “steel tsunami”, a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.
March 29, 2021
·
By Alex Theo
Insights
MORNING VIEW: Base metals prices mixed regionally; cross currents flowing through broader markets
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday’s LME performance.
March 29, 2021
·
By William Adams
Insights
US corn sales hike drives expectations of 70 million mt exports
A barnstorming week of data for US corn net sales has teed up an unusual predicament for the USDA ahead of its monthly update...
March 26, 2021
·
By Timothy Worledge
Insights
VIETNAM STEEL SCRAP: Buyers turn to deep-sea cargoes amid Japan shortage
Vietnamese buyers have been seeking bulk deep-sea ferrous scrap to make up for a lack of supply from Japan, market sources told Fastmarkets.
March 26, 2021
·
By Paul Lim
Insights
MORNING VIEW: Dip-buying in base metals suggests underlying sentiment remains strong
Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday March 26, suggesting overall sentiment remains bullish while participants see dips as a buying opportunity.
March 26, 2021
·
By William Adams
Insights
Soybean harvest hits central Argentina, yields variable: BAGE
Argentina's soybean harvest is now underway in the central area with early results showing highly variable yields caused by...
March 25, 2021
·
By Rei Geyssens
Insights
Global iron ore case study – how to optimize today’s pricing and tomorrow’s investments
The magnitude and volatility of price differences between iron ore product types and grades is growing, causing legacy practices in contract structuring to break down
March 25, 2021
·
By Brian Levich
Insights
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