Fastmarkets’ weekly price assessments for the CIS export steel market will not be published on June 8 because of a public holiday in Ukraine. Instead, the prices will be published on June 9.

The three-month tin price on the London Metal Exchange was higher during morning trading on Monday June 8, with price action bolstered by a fresh cancellation of 220 tonnes, while continued volatility in the LME lead price saw selling pressure emerge over the morning.

Base metals prices were mixed this morning, Monday June 8, after a positive performance on Friday following the surprisingly strong employment report in the United States.

Turkish steel producers continued to purchase deep-sea cargoes on an easing of the restrictions under Covid-19 measures in the working week ended Friday June 5. Demand in the key import markets of Taiwan and Vietnam remained stable amid limited supplies from the United States and Japan while the Indian market continued its recovery.

Fastmarkets is proposing to amend the specifications of its magnesium fob China main ports price and magnesium exw China price to reflect the quality of the material produced in China.

The metals were mixed this morning, Friday June 5, but Asian-Pacific equities were mainly stronger, as were pre-market major western equity index futures.

Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX China Pulp price indices, as part of its announced annual methodology review process. At the same time, Fastmarkets FOEX is proposing a change in schedule to publish the indices on Fridays rather than Tuesdays from September. The open consultation, which […]

The three-month copper price on the London Metal Exchange was down during morning trading on Thursday June 4, falling below the $5,500-per-tonne support level in a complex-wide downturn that saw risk appetite soften, while lead futures led on the downside with a 1.9% fall over the morning.

The metals were for the most part weaker this morning, Thursday June 4, while Asian-Pacific equities were stronger.

Steelmakers in Bangladesh largely abstained from the market for import bulk scrap cargoes over the last week but offer prices increased due to recent deals done in India and Pakistan, market sources told Fastmarkets on Thursday June 4.