Broader markets were mixed this morning, Wednesday May 6, while base metals prices on the London Metal Exchange were up across the board. Base metals prices on the Shanghai Futures Exchange were mixed following Chinese participants’ return to the market after the country’s Labor Day holiday (May 1-5).

The latest forecasts from Fastmarkets’ team of analysts is ready to view.

The spread of the Covid-19 virus is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector.

US President Donald Trump is threatening to abandon a preliminary trade deal leading to an easing of trade tensions with China, citing the Covid-19 virus.

Broader markets are looking a bit brighter this morning, Tuesday May 5, with equity indices and base metals prices firmer while participants look forward to better demand once more plans are announced about lifting lockdown restrictions.

Here are five Fastmarkets stories you might have missed on Monday May 4 that are worth another look.

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

A short working week for many countries in the global scrap market, coupled with the continuing Covid-19 restrictions, resulted in a dip in demand and falling prices in the week to Friday May 1.

Fastmarkets proposes to discontinue its iron ore implied pellet premium over 62% Fe fines, cfr Qingdao, $/tonne [MB-IRO-0080].

Fastmarkets proposes to bring forward its cut-off time for data inclusion in all iron ore indices from 6.15pm to 6pm Singapore time on the stated day of publication. This would apply to its daily as well as weekly indices.