IN CASE YOU MISSED IT: 5 key stories from July 2

Here are five Fastmarkets MB stories you might have missed on Tuesday July 2 that are worth another look.

It has been more than half a year since the seaborne iron ore market got a new tool to manage the price risks associated with exposure to the high-grade segment. And judging by the performance of the Singapore Exchange’s 65% Fe iron ore futures contract so far this year, it is serving its purpose.

A deal struck between the European Union and South America’s Mercosur trading group will boost trade between the two blocs in non-ferrous metals and related products, Fastmarkets heard on Tuesday July 2.

Cobalt prices came under pressure across the supply chain in June, facing weak seasonal demand while still finding a balance in light of upstream supply increases and changing Chinese consumption habits.

Ferro-silicon prices in China increased sharply in the week ended June 28 following a steady run of five weeks after lower output and higher futures prices encouraged suppliers to raise offers ahead of monthly tenders from Chinese steel mills.

Treatment charges for lead concentrates rose in June after a price arbitrage that encouraged imports closed off and major supplying mine Peñasquito returned to the market after a month-long layoff.

Fastmarkets MB staff

Published

Fastmarkets MB staff

July 03, 2019

00:05 GMT

New York