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LIVE FUTURES REPORT 09/03: LME aluminium price falls 1%; nickel below $16,000/t
The three-month nickel price on the London Metal Exchange fell to $15,910 per tonne during morning trading on Tuesday March 9, while the aluminium price slid by 1%, with consolidation mode still in force across the complex as a number of macroeconomic factors affect sentiment.
March 9, 2021
·
By the Fastmarkets team
Insights
MORNING VIEW: Base metals prices mixed as markets face cross currents
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment.
March 9, 2021
·
By William Adams
Insights
EU rapeseed futures hit record amid China-Australia wash out talk
Euronext rapeseed futures traded in Paris hit a record high on Monday amid a fresh surge in the global vegetable oil complex...
March 8, 2021
·
By Johnny Huang, Rei Geyssens
Insights
ArrowMetals signs nickel sulfate tolling deal for Q3 2021 production
ArrowMetals will become a seller of nickel sulfate after agreeing a tolling arrangement with Cyprus refinery Hellenic Minerals to produce battery-grade material.
March 5, 2021
·
Insights
China hog recovery, biodiesel to underpin ‘very strong 2021’: ADM
The recovery in China’s hog herd and renewed interest in biofuels, particularly from emerging green diesel solutions, will ensure...
March 4, 2021
·
By Timothy Worledge
Insights
RESEARCH: The Year of the Ox is bringing out the bulls
The strength of the economic recovery in China in 2020 defied the expectations of most market observers. According to estimates by Fastmarkets, apparent consumption in the country rose by 9% in 2020 compared with a 12% fall in the rest of the world.
March 4, 2021
·
By Marina Maliushkina
Insights
Cargill turns to capesize for Brazil-EU route amid panamax surge
Global agriculture giant Cargill has booked a capesize cargo vessel to ship dry bulk products out of Brazil to Europe to substitute...
March 3, 2021
·
By Johnny Huang
Insights
PRICING NOTICE: Proposal to launch standalone iron ore pellet premium index
Fastmarkets is proposing to launch a weekly iron ore pellet premium index to reflect the spot premium that "tier one" pellets achieve to its 65% Fe fines index on a cfr China basis. This would replace its existing implied pellet premium, which would be subsequently discontinued.
March 3, 2021
·
Insights
FOCUS: Key effects of China’s latest industrial crackdown in Tangshan on steel sector
A crackdown on industrial activity in Tangshan, China’s steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.
March 3, 2021
·
By Alex Theo
Insights
China expands offshore wind capacity, aims for carbon neutrality by 2060
China will actively promote the development of offshore wind power as part of its effort to build clean energy infrastructure across the country, according to a carbon neutrality action plan issued by State Grid Corporation of China on Monday March 1.
March 2, 2021
·
By Ruby Liu
Insights
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