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STEEL SCRAP WRAP: Global scrap market heats up on surging steel demand
Surging steel demand in the majority of global markets pushed prices up in most regions in the week to Friday May 14. Only the United States deep-sea ferrous scrap market remained inactive, while Chinese scrap prices fell victim to softer prices for finished steel products.
May 14, 2021
·
By Amy Hinton
Insights
DAILY STEEL SCRAP: Mills silent during Eid holidays
Turkish steel mills remained absent from the deep-sea market on Friday May 14 as a result of the post-Ramadan Eid al-Fitr holiday, sources told Fastmarkets.
May 14, 2021
·
By Carrie Bone
Insights
Soybean commentary: Futures surge to highest since Sept 2012
Soybean futures prices on the Chicago Mercantile Exchange climbed to their highest level since September 2012 after traders positioned themselves ahead of the World Agricultural Supply and Demand Estimates (Wasde) May report and against a backdrop of continued tight bean supply
May 14, 2021
·
Insights
COKING COAL DAILY: Coking coal, PCI prices up in cfr, fob markets
Seaborne coking coal prices surged up in both the cfr and fob markets on Friday May 14 due to increased buying interest and positive market sentiment in both markets.
May 14, 2021
·
By Alice Li
Insights
MORNING VIEW: Metals weaker but broader market more upbeat after recent weakness
Base metals prices on both the LME and SHFE were mainly weaker this morning, Friday May 14, and seem to have got some downward momentum, even though broader markets have seen a buy-the-dip mentality emerge.
May 14, 2021
·
By William Adams
Insights
Mississippi worries ignite post-Wasde plunge on US corn futures
A blockage on a key US supply artery squeezed key calendar spreads and unleashed a wave of pressure on the mainstay...
May 13, 2021
·
By Timothy Worledge
Insights
Pulp price volatility: Seven things you need to know
Volatility in global pulp markets has increased over the past 20 years, never more so than in 2021. Find out what’s driving price and creating volatility, and what role pulp futures trading played in the recent price rally.
May 13, 2021
·
Insights
MORNING VIEW: Inflation concerns rattle equities, metals take note
Base metals prices on both the LME and SHFE were mainly weaker this morning, Thursday May 13, this after some choppy trading in recent days and the greater-than-expected pick-up in the US Consumer Price Index (CPI) on Wednesday.
May 13, 2021
·
By William Adams
Insights
PRICING NOTICE: Adjustment of European HRC specifications to accommodate longer lead times
After a consultation period, Fastmarkets has adjusted the delivery time specifications for its European hot-rolled coil (HRC) indices to accommodate longer-than-usual lead times.
May 13, 2021
·
Insights
Brazil corn woes pose late US export boon amid China cancellations
US corn exporters are eyeing the anticipated drop off in Brazilian corn production as a potential late boon to the export slate in a...
May 12, 2021
·
By Timothy Worledge
Insights
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