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China announces new duties on US agricultural imports as US tariffs take effect
China has announced additional tariffs of up to 15% on imports of US goods from March 10, with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday, March 4. Imports of agricultural goods […]
March 4, 2025
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By the Fastmarkets team, Regina Koh, Masha Belikova, Jenny Ma
Insights
Delayed publication of base metals arbitrage assessments
The following prices were affected:MB-CU-0361 Copper import arbitrage, $ per tonneMB-CU-0362 Copper import arbitrage, yuan per tonneMB-NI-0106 Nickel import arbitrage, $ per tonneMB-NI-0107 Nickel import arbitrage, yuan per tonneMB-ZN-0083 Zinc import arbitrage, $ per tonneMB-ZN-0084 Zinc import arbitrage, yuan per tonneMB-AL-0289 Aluminium import arbitrage, $ per tonneMB-AL-0290 Aluminium import arbitrage, yuan per tonne These prices are part of the Fastmarkets base metals package. […]
March 4, 2025
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Insights
Singapore’s correspondingly adjusted NBS carbon credit tender attracts 17 offers
The tender was published by the Prime Minister’s Office Strategy Group on September 30, 2024, and it was scheduled to close in January before being extended. The tender stipulated that the credits must be delivered by February 2031 at the latest. The total value of all offers submitted exceeded 1.3 billion Singapore dollars ($1 billion). […]
March 4, 2025
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By Sam Carew
Insights
Native-species ARR projects still command premium to exotic-species projects
Small volumes of around 3,000 tonnes of CO2 equivalent (tCO2e) of Panama ARR (VCS 2481) vintage 2017 were reported on offer at $32 per tCO2e. The volumes on offer represented more than half the circulating credits from that project-vintage pair. The supply of credits from the project is constrained. It has issued up to vintage […]
March 4, 2025
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By Sam Carew
Insights
Delayed publication of Chinese battery-grade lithium hydroxide, lithium carbonate price averages
The February monthly average and weekly averages between February 15 and 28 for the two prices (MB-LI-0040 and MB-LI-0036) were not calculated because of the error. This delay did not affect the publication of the actual daily assessments. Fastmarkets’ pricing database has been updated. These prices are a part of Fastmarkets’ industrial minerals package. For more information […]
March 4, 2025
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Insights
How third-party indices are key to procurement contracts
To navigate what can be a volatile market across paper packaging and wood products, gaining market-reflective and unbiased pricing information is crucial to safeguarding competition and fairness. Buyers need a neutral benchmark to enable the fairest and most accurate price for any given time. Some suppliers utilise their own cost-plus models, internal indices or pricing formulae. […]
March 4, 2025
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By Matt Graves
Insights
Zinc market insights from IZA San Diego conference
Presenters shared insights into zinc market dynamics at the International Zinc Association’s (IZA) International Zinc and Zinc Oxide conference held February 23-26 in San Diego.
March 3, 2025
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By Natasha Porter, Rae Boyadjis, the Fastmarkets team
Insights
Iron ore surplus in 2025: Market shake-up for Vale, Rio Tinto and China
Iron ore markets face major shifts as an oversupply looms in 2025, driven by weak demand from Chinese steel mills and changing pricing trends. Key players like Vale and Rio Tinto are tackling challenges such as fluctuating shipments, blending practices in China, and a competitive global market.
March 3, 2025
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By Alice Li, Shu Yi Zheng, the Fastmarkets team
Insights
Tariff threat pushes up lumber prices despite average demand
The perpetually moving target of tariffs on Canadian lumber shipments to the US frustrated traders and had broad impacts on sales in many species. Despite middling demand, the threat of tariffs combined with relatively tight supplies left many prices higher for the week. The delay in announcement of preliminary AD rates by the Commerce Department […]
March 3, 2025
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By Joe Pruski, the Fastmarkets team
Insights
Open consultation on annual methodology review for PIX European Recovered Paper Price Indices
This consultation, which is open until March 27, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. You can […]
March 3, 2025
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By Fastmarkets FOEX
Insights
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