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Options bets up to $12,000 are fueling copper’s red-hot rise
Copper traders are starting to place bets that the metal will hit $12,000 per tonne by December but market makers say bullishly positioned options are dragging the metal's price higher sooner than that.
February 19, 2021
·
Insights
Brazil FOB soybean basis bid at discount on slow loading, weak demand
Cash premiums of Brazilian soybeans in the paper market slumped on Wednesday as traders positioned bids sharply...
February 18, 2021
·
By Johnny Huang
Insights
CHINA STEEL SCRAP: Steelmakers look to restock after long holiday
Chinese steelmakers looking to replenish steel scrap stocks after returning from their new year holiday on Thursday February 18, have raised bid prices for both domestic and imported material, sources told Fastmarkets.
February 18, 2021
·
By Jessica Zong
Insights
MORNING VIEW: China returns to higher metal prices; Cu, Al, Ni, Sn set fresh multi-year highs
China’s metals industry returned from holiday to find metal prices were higher and it would appear have chased prices higher, with all the base metals on the London Metal Exchange and Shanghai Futures Exchange showing gains this morning, Thursday February 18.
February 18, 2021
·
By William Adams
Insights
PRICING NOTICE: Fastmarkets to launch cfr China steel billet price
Fastmarkets will launch a weekly import price assessment for steel billet on a cfr China basis from February 26 after a month of consultation.
February 18, 2021
·
By Jessica Zong
Insights
Chile’s SQM board approves investment in Mt Holland lithium project
The board of Chilean lithium producer Sociedad Quimica y Minera (SQM) has approved the company’s investment in the Mount Holland lithium project in Western Australia, it said on Wednesday February 17.
February 17, 2021
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By Dalila Ouerghi
Insights
Storm wreaks havoc for US Gulf logistics, raises force majeure fear
Heavy snow across parts of the southern US has brought chaos to logistics in the key export hub of the US Gulf and is likely...
February 17, 2021
·
By Masha Belikova, Timothy Worledge
Insights
MORNING VIEW: Metals, broader markets mixed but upbeat, although face headwinds
Recovery hopes tied into the rollout of Covid-19 vaccines and some brighter economic data has driven up bond yields that in turn has lifted the dollar, and that seems to be creating some hesitancy in the metals this morning, Wednesday February 17.
February 17, 2021
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By William Adams
Insights
PRICING NOTICE: Extension of consultation period for proposed launch of ferro-niobium price assessment
After reviewing the initial feedback on its proposal to launch a weekly price assessment for ferro-niobium, delivered consumer works Europe, duty paid, Fastmarkets MB is extending the consultation period by two weeks.
February 16, 2021
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By Ewa Manthey
Insights
Uruguay’s 2020/21 soybean area to grow 7% y-o-y: consultancy
Uruguay’s soybean planted area increased by approximately 7% in the 2020/21 crop cycle compared with the previous crop...
February 16, 2021
·
By Juan Pedro Tomas
Insights
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