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LIVE FUTURES REPORT 25/02: Aluminium, copper rise 2% to new highs
Aluminium crossed the $2,200-per-tonne mark and copper continued to extend its bullish rally on the London Metal Exchange during morning trading on Thursday February 25, with a softer US Dollar Index supporting higher prices in the complex.
February 25, 2021
·
By the Fastmarkets team
Insights
MORNING VIEW: Cu, Al, Sn prices steam ahead, others consolidate
Apart from nickel on the London Metal Exchange, the rest of the base metals on both the LME and Shanghai Futures Exchange were once again stronger this morning, Thursday February 25.
February 25, 2021
·
By William Adams
Insights
COVERAGE NOTE: Open consultation on Fastmarkets FOEX methodology for PIX European Recovered Paper Price Indices
Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX European Recovered Paper price indices, as part of its annual methodology review process. This consultation, which is open until March 24th, 2021, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the […]
February 25, 2021
·
Insights
China’s steel mills look elsewhere for contractual supplies after ‘unpredictable politics’ disrupts flow of Australian coking coal
China's “unpredictable political moves” in relation to coking coal from Australia has driven some Chinese steel mills to increase their contractual supplies of the steelmaking raw material from elsewhere, sources told Fastmarkets this week.
February 24, 2021
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By Alice Li
Insights
US hot-rolled coil index climbs past $61/cwt to another record
Hot-rolled coil prices in the United States have risen yet again to an all-time high after buyers perceived that the tight availability of spot material likely will not loosen up before domestic mills begin a series of maintenance outages.
February 24, 2021
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By the Fastmarkets team
Insights
EU decides to skip preliminary anti-subsidy duties on Turkish HRC, investigation continues
The European Commission (EC) has decided not to impose preliminary anti-subsidy duties on hot-rolled coil originating from Turkey.
February 23, 2021
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Insights
LIVE FUTURES REPORT 23/02: Copper continues upsurge, nickel falls below $19,500/t
For a fourth trading day in a row, copper’s three-month price on the London metal Exchange rose to a new year-to-date high on Tuesday February 23, while the rest of the base metals traded slightly lower than where they were on Monday, when they all reached fresh 2021 highs.
February 23, 2021
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By the Fastmarkets team
Insights
Ukraine eyes soybean imports as local supplies dry up
Ukraine – the ninth largest soybean producer in the world – is looking to import soybeans after...
February 23, 2021
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By Anna Platonova
Insights
MORNING VIEW: Base metals prices, boarder markets mixed amid cross currents
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed, although copper prices on both exchanges remain strong this morning, Tuesday February 23, while tightness on the LME dominates.
February 23, 2021
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By William Adams
Insights
Chile’s Corfo files international arbitrage lawsuit against lithium producer Albemarle
Chile’s Corfo on Friday February 19 filed an arbitration process with the International Chamber of Commerce against United States-based lithium miner Albemarle for allegedly underpaying royalties on its lithium sales, Corfo confirmed to Fastmarkets on Monday February 22.
February 23, 2021
·
By Dalila Ouerghi
Insights
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