The probability that the Fed will keep interest rates unchanged in September is 85.5%
US:The probability that the Fed will keep interest rates unchanged in September is 85.5%
The probability of the Fed keeping interest rates unchanged in September is 85.5% CME "Fed Watch": The probability of the Fed maintaining interest rates at 5.25%-5.50% in September is 85.5%.
Mo:The international molybdenum price continues to show a rising trend
The international molybdenum price continues to show a rising trend. On August 7, 2023 (overnight), the international molybdenum oxide price of Platts Metals (MW, USA) rose to 24.2 (up 0.2)-24.9 (up 0.5) USD/lb molybdenum, and European ferromolybdenum prices It rose to 56.5 (up 0.9)-57.5 (up 1.5) US dollars per kilogram of molybdenum.said the measure did not address the most critical issue - high electricity prices, which slowed decarbonization and made European industry less competitive.
Japan：The import price of 75% min of ferrosilicon in Japan remained flat
The mainstream import price of ferrosilicon 75%min in Japan is US$1,330-1,350/ton CIF Japan, up US$20/ton from late last week.
Korean:South Korean silicon metal procurement is slow
The mainstream import price of Korean silicon metal 4-4-1 is hovering at US$1,820-1,850/ton CIF Korea, and given the slow procurement in Korea, most customers are on vacation, and they have no purchase price this week and next week.
UK:Bank of England hikes interest rates
The Bank of England, the central bank of England, announced on August 3 that it would raise the benchmark interest rate from 5% to 5.25%. This is the 14th consecutive rate hike by the Bank of England since December 2021
Kyrgyzstan:Kyrgyzstan banned the export of steel scrap, ferrous scrap and ferrous ingots for remelting from the country
The Kyrgyz government has banned the export of steel scrap, ferrous scrap and ferrous ingots for remelting from the country for six months, according to a presidential decree, the Kyrgyz Cabinet Press Service reported. This was stated in the Cabinet Resolution of 4 August 2023. "The export (export) of ferrous metal scrap and scrap, ferrous metal ingots (furnace ingots) for remelting from Kyrgyzstan is temporarily prohibited by decree of the Government of Kyrgyzstan, classified under: EAEU TN VED code 7204, three days after the entry into force of this resolution introduce.
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- ·Market Hotspot Express- Nov 4 to Nov 8
- ·Market Hotspot Express-August 4th to 6th
- ·South Africa's Melafi Group announced that its total ferrochrome production in the first half of 2024 was 154,000 tons, a year-on-year decrease of 17%.
- ·There is little business activity in the European SiMn and FeSi markets
- ·Eurozone economy to be at 'clear stagnation' for remainder of 2023
- ·Prices in the European ferrotitanium market have increased
- ·Ferrosilicon 75 FOB price 1,330-1,360 US dollars / ton
- ·Tsingshan raises $41/t tender price for September ferrochrome .
- ·High-carbon ferrochromium market remains strong and looks forward to rising sentiment
- ·South Korea's import price of silicon metal rose slightly
