Mining major BHP and China’s Baowu Steel Group are exploring new approaches of conducting iron ore transactions, including the adoption of payments in renminbi and blockchain technology.

Fastmarkets FOEX invited feedback from the industry in an open consultation process between April 7th and May 5th, 2020 on the pricing methodology for its PIX Paper price indices. The consultation was done as part of our previously announced annual methodology review process. During the consultation, Fastmarkets FOEX did not receive any suggestions for changes to […]

A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on Monday May 11.

Turkish steel mills returned to the deep-sea scrap markets amid better domestic steel demand, causing prices to rise, while other major markets except Vietnam were largely stable during the working week ended Friday May 8.

Nickel briquettes will be allowed for delivery on the Shanghai Futures Exchange from October 16 for contracts for November delivery onwards, the Exchange announced on Friday May 8.

Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.

China’s ferrous scrap prices moved up sharply over the past week due to tight supply, eating into the profits of mills that operate electric-arc furnaces.

Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Forest Biomass Finland price indices, as part of its newly announced annual methodology review process. As part of this open consultation, to expand the coverage on the Finnish bioenergy sector, Fastmarkets FOEX is also proposing the following additions to its […]

Broader markets were mixed this morning, Thursday May 7 after Wednesday’s employment data in the United States knocked market confidence, but with a barrage of data expected today and Friday, the market is braced for a reality check.

As previously announced and following consultation, Fastmarkets FOEX has implemented the following changes to its PIX Pellet Continental Index: – Discontinued the PIX Pellet Continental on May 6, 2020. For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Pellet Continental Index” in the subject line of the email.