London, February 2 2021 (Press Release) – Euromoney Institutional Investor PLC (“Euromoney”), the international information services provider of essential information to global and specialist markets, announces the acquisition of 100% of The Jacobsen, an agricultural Price Reporting Agency (“PRA”) that predominantly serves the US agricultural commodity markets. The acquisition expands Fastmarkets global presence in agriculture, building on our recent acquisition of AgriCensus in 2020.

Fastmarkets proposes to amend the frequency of the publication of its copper cathode premium cif Rotterdam.

Fastmarkets proposes to discontinue pricing physical copper cathode premiums on a seaborne basis to South Korea.

Base metals prices on the London Metal Exchange were up across the board this morning, Monday February 1, this despite weaker-than-expected manufacturing purchasing managers’ index (PMI) data out of China over the weekend.

Fastmarkets is launching low-carbon aluminium differentials to its existing European P1020 and value-added product (VAP) premium contracts in $ per tonne to meet market demand for a low-carbon aluminium pricing mechanism.

Global ferrous scrap prices have yet to hit the buffers in their downward plunge. Buyers in Asia were holding back from purchases in the week ended Friday January 29, swooping in only for low-priced cargoes, but demand from China could support prices in the near term.

Friday’s confirmation that China had booked 2.1 million mt of US corn from the 2020/21 marketing year was among the more...

Taiwanese scrap buyers are swooping on import cargoes offered at low prices by traders desperate to offload materials amid the constant prices falls during the week to Friday January 29, markets sources told Fastmarkets.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.

Fastmarkets MB is inviting feedback on its iron ore indices, as part of its annual methodology review, in compliance with Iosco principles for price reporting agencies (PRAs).