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MORNING VIEW: Rebound in tech stocks steadied broader markets on Wednesday, but less so metals
A rebound in the United States’ Nasdaq Composite Index on Wednesday September 9 may have underpinned broader markets, but the base metals were less convinced with most ending the day in negative territory.
September 10, 2020
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By Generic people page
Insights
Coverage note: Correction to European pulp and paper price publishing schedule for Spain
The European pulp and paper publishing schedule has been corrected online due to an error in the dates for the next Spain price watch. Fastmarkets RISI will publish price assessments for July, August and September in Spain on October 1. There will be no price watch on September 17 as previously indicated. As previously announced, […]
September 10, 2020
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By Steven Sachoff
Insights
Ivanhoe to build DRC’s second copper smelter amid government push for local processing
Ivanhoe Mines is considering construction of a new copper smelter to treat Kamoa Kakula copper concentrates following the recent push by the government of the Democratic Republic of the Congo (DRC) to facilitate local processing of copper ore.
September 9, 2020
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By Generic people page
Insights
JAPAN STEEL SCRAP: Prices soar after fresh Kanto auction closes
Japanese export steel scrap prices jumped on Wednesday September 9 following a strong increase in the Kanto auction for the second month running, market sources told Fastmarkets.
September 9, 2020
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By Generic people page
Insights
MORNING VIEW: Weakness in tech stocks weighing on sentiment in metals
United States-based electric vehicle maker Tesla’s failure to be listed as an S&P 500 company led to a 20% share price fall on Tuesday September 8, that in turn led to a 4% fall in the Nasdaq index – markets are wondering whether this will be a catalyst for a broader reality check? Or just provide another dip-buying opportunity?
September 9, 2020
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By Generic people page
Insights
RESEARCH: Improving demand outlooks in Europe, US prompt increases to our HRC price forecasts
The latest forecasts from Fastmarkets’ team of analysts are ready to view.
September 8, 2020
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By Generic people page
Insights
PRICING NOTICE: Amendment to location of Indian domestic flat products assessment
After a period of consultation, Fastmarkets will change the location of four Indian flat steel price assessments from ex-works India to ex-yard Mumbai.
September 8, 2020
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By Generic people page
Insights
LIVE FUTURES REPORT 07/09: LME base metals prices consolidate in low-volume trade; stock outflows keep copper above $6,700/t
Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Monday September 7, with low turnover across the Asian trading session prompting sideways trading, while an ongoing drawdown in LME copper stocks kept the red metal’s underlying price elevated.
September 7, 2020
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By Generic people page
Insights
MORNING VIEW: LME base metals prices little changed, wider markets mainly weaker
London Metal Exchange base metals prices were mixed this morning, Monday September 7, as were pre-market major western equity index futures, while metals on the Shanghai Futures Exchange were mainly firmer and Asian-Pacific equities were mixed too.
September 7, 2020
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By Generic people page
Insights
Brazil’s auto output recovering, but still down 22% year on year in August
Vehicle output recovered month-on-month in Brazil during August, but was still down by 21.8% in comparison with the same month in 2019, the national automakers association, Anfavea, said on Friday September 4.
September 4, 2020
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By Generic people page
Insights
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