The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
The three-month prices of most base metals on the London Metal Exchange gained on Friday November 6, with the exception of nickel and lead futures.The LME copper and zinc futures rose by more than 1%, with the red metal closing above the $6,900 per tonne psychological mark.The LME three-month copper price increased by 1.2% to...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Fastmarkets is launching two new coefficients for the copper concentrates market, with an update to be published for the first time on Friday November 6.The new coefficients, MB-CU-0422 - Copper concentrates counterparty spread and MB-CU-0423 - Copper concentrates Co-VIU, will build on the success of Fastmarkets' index reporting on the copper concentrates market, which started...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 6.ChinaThe domestic market has now been stable for eight weeks in a row, with sentiment bullish after major steelmakers rolled over their November tender prices and the futures market climbed.Hesteel set its November tender price for 72% ferro-silicon unchanged month on month...Read More
Key data from the Friday November 6 pricing session in London.Key drivers Strong hydroxide payables continued to help keep prices firm amid weak demand for standard and alloy grade cobalt.Producers and distributors aired concerns about metal demand, reporting aggressive bids and some are considering going below the current range. ...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
The key global scrap markets surged upward in the week to Friday November 6, as a result of strong purchasing activity, with Turkey continuing to buy a large volume of cargoes for a third week.Turkey books more material on positive long-steel export salesUS reports bookings from East and West CoastsGood demand boosts Taiwan scrap pricesVietnam moves up despite quiet marketIndian prices jump on tig...Read More
The price of shredded steel scrap imported into India and Pakistan moved up on Friday November 6 as a result of tight material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $330.32 per tonne on Friday, up from $321.21 per tonne one week earlier.A deal for shredded material was heard at $325-326 per tonne cfr, and a...Read More
Prices for inter-merchant light iron scrap in the UK market were stable over the week to Friday November 6, extending a steady trend for the fourth consecutive week on firm domestic fundamentals and cemented by active export trading, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?95-105 ($124-137) per...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Bullish momentum has extended in China's battery-grade lithium carbonate market at the start of November with most producers pushing offer prices higher on reduced availability of material, sources told Fastmarkets on Thursday November 5.Bullish sentiment continued to spread in China's battery-grade lithium carbonate market with higher offers reported.China's lithium hydroxide prices declined due...Read More
Domestic prices for hot-rolled coil in Northern Europe moved up slightly day on day on Friday November 6, due to long lead times at European mills and a lack of import offers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?512.53 ($604.08) per tonne on Friday, up by ?,?1.19 per tonne from ?,?511.34 per tonne on Thursday.T...Read More
Flat steel prices in the Turkish market increased sharply during the week to Friday November 6, with all prices going up by $30-60 per tonne on strong demand because of low stock levels, sources told Fastmarkets.Demand was good this week because stockists, steel service centers and end-users all had low stocks that needed to be replenished.Domestic pricesFastmarkets' weekly price assessment for st...Read More
China's hot-rolled coil exporters raised their prices on Friday November 6 amid domestic gains, while the weakening US dollar added fuel to the fire, sources said.DomesticEastern China (Shanghai): 4,040-4,060 yuan ($610-613) per tonne, up 30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,820-3,860 yuan per tonne, up 60 yuan per tonneDomestic HRC prices continued their incline on Fr...Read More