Fastmarkets’ 62% Fe iron ore fines index just experienced its most volatile week on record: a biggest-ever daily gain of $18.31 on Monday May 10 came before a new high of $237.57 per tonne on May 12, followed by a record daily loss of $28.78 on May 14.

Turkish steelmakers remained quiet in the seaborne scrap market on the second working day of the week amid holiday and lockdown periods, market sources told Fastmarkets on Tuesday May 18.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday May 18, and once again recent dips have been short-lived and not that deep, suggesting sentiment remains robust.

Turkish steel mills made no deep-sea scrap bookings on Monday May 17, the first working day of the week after the Eid al-Fitr holiday, market participants told Fastmarkets.

The potential approval of a draft bill to set a new biofuels law with new blending mandates is likely to increase the volume of soyoil...

Surging steel demand in the majority of global markets pushed prices up in most regions in the week to Friday May 14. Only the United States deep-sea ferrous scrap market remained inactive, while Chinese scrap prices fell victim to softer prices for finished steel products.

Turkish steel mills remained absent from the deep-sea market on Friday May 14 as a result of the post-Ramadan Eid al-Fitr holiday, sources told Fastmarkets.

Prices for shredded steel scrap imported into South Asia jumped in the week to Friday May 14 following a large increase on the international scrap market, sources have told Fastmarkets.

Soybean futures prices on the Chicago Mercantile Exchange climbed to their highest level since September 2012 after traders positioned themselves ahead of the World Agricultural Supply and Demand Estimates (Wasde) May report and against a backdrop of continued tight bean supply

Seaborne coking coal prices surged up in both the cfr and fob markets on Friday May 14 due to increased buying interest and positive market sentiment in both markets.