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MORNING VIEW: Base, precious metals prices up across the board with commodities in the driving seat
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up significantly across the board this morning, Monday February 22, with all base metals on the LME setting fresh multi- month or year highs.
February 22, 2021
·
By William Adams
Insights
COVERAGE NOTE: Changes to WPM Table 5 China schedule
Due to the long Lunar New Year holiday in China and to better capture final pulp prices for February 2021, Fastmarkets RISI will postpone the publication of Table 5 China prices until February 26. Table 5 China prices, which are based on Fastmarkets RISI’s weekly and bi-weekly price assessments published in PPI Asia, were due […]
February 22, 2021
·
Insights
Biden move vs UAE signals Section 232 support, Century Aluminum says
Century Aluminum sees United States President Joe Biden’s reinstatement of Section 232 tariffs on the United Arab Emirates (UAE) as a signal of his support for the tariff program implemented by his predecessor, an interpretation shared by many in the US aluminium market.
February 20, 2021
·
By Michael Roh
Insights
Options bets up to $12,000 are fueling copper’s red-hot rise
Copper traders are starting to place bets that the metal will hit $12,000 per tonne by December but market makers say bullishly positioned options are dragging the metal's price higher sooner than that.
February 19, 2021
·
Insights
MORNING VIEW: Base metals prices mostly firmer as weaker dollar provides support
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer this morning, Friday February 19, on the back of expectations for stronger demand from a widespread recovery and due to the underlying momentum.
February 19, 2021
·
By William Adams
Insights
Brazil FOB soybean basis bid at discount on slow loading, weak demand
Cash premiums of Brazilian soybeans in the paper market slumped on Wednesday as traders positioned bids sharply...
February 18, 2021
·
By Johnny Huang
Insights
CHINA STEEL SCRAP: Steelmakers look to restock after long holiday
Chinese steelmakers looking to replenish steel scrap stocks after returning from their new year holiday on Thursday February 18, have raised bid prices for both domestic and imported material, sources told Fastmarkets.
February 18, 2021
·
By Jessica Zong
Insights
PRICING NOTICE: Proposal to launch daily domestic HRC index for Italy
Fastmarkets is proposing to launch a daily index for Italy’s domestic steel hot-rolled coil market to replace the existing weekly price assessment for the product in Southern Europe.
February 18, 2021
·
Insights
MORNING VIEW: China returns to higher metal prices; Cu, Al, Ni, Sn set fresh multi-year highs
China’s metals industry returned from holiday to find metal prices were higher and it would appear have chased prices higher, with all the base metals on the London Metal Exchange and Shanghai Futures Exchange showing gains this morning, Thursday February 18.
February 18, 2021
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By William Adams
Insights
PRICING NOTICE: Fastmarkets to launch cfr China steel billet price
Fastmarkets will launch a weekly import price assessment for steel billet on a cfr China basis from February 26 after a month of consultation.
February 18, 2021
·
By Jessica Zong
Insights
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