Some container shipping lines are refusing to give rates for December shipments of scrap metal into South Asia and are even cancelling some existing orders, sources told Fastmarkets on Friday November 6.Four steel scrap traders that speak to Fastmarkets said they have either been unable to get December shipment quotations from their freight forwarders or are aware of others facing a similar situat...Read More
Export pig iron prices from Brazil rose in the week to Friday November 6 on high demand, sources told Fastmarkets. Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $370-375 per tonne on Friday, up from $355 per tonne the week before. "Late this week China resumed active purchases and...Read More
The seaborne premium hard coking coal cfr price rose on Friday November 6 due to the premium paid for high quality materials from countries such as Canada while premium mid-volatility hard coking coal was transacted in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.45 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $143.93 per tonne,...Read More
Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses were little moved in the week to Friday November 6, with the biggest percentage change seen in lead at 6.5%. Lead stocks in SHFE-registered warehouses increased by 1,630 tonnes to 26,561 tonnes on Friday from 24,931 tonnes in the week prior. The largest inflow was noted at Guochu Tianwei warehouse in Shanghai, whe...Read More
Seaborne iron ore prices were up on Friday November 6 amid strong demand for steel reinforcing bar (rebar) in China, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.80 per tonne, up $0.85 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.03 per tonne, up $0.95 per tonne58% Fe fines high-grade premium, cfr Qingdao: $108.75 per tonne, up $1.07...Read More
Three-month base metals prices on the London Metal Exchange were largely higher during morning trading on Friday November 6, spurred by a continued decline in the US dollar index, while copper futures steadily appreciated to push past the $6,900-per-tonne resistance level amid persistent outflows. The three-month copper price was recently trading at $6,919 per tonne, its highest level since Octobe...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 aerospace materials markets and the latest price moves.Fastmarkets has reworked the market reports...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 cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard grade,...Read More
Scrap consumers indicated they were operating at "almost full capacity" in order to meet demand, adding that they have had to hold back from taking on more business."We're busy, we're running all our furnaces. We had good production in October and are expecting good production in November," one consumer source said. "I'm hearing some ridiculous numbers [for scrap]. The ingot price has been steadil...Read More
Fastmarkets today, Friday November 6, launches its weekly Steel scrap shredded, index, import, cfr Port Qasim, Pakistan.Following a month-long consultation period, Fastmarkets has launched its price for MB-STE-0887 Steel scrap shredded, index, import, cfr Port Qasim, Pakistan, $ per tonne, to complement its existing steel scrap prices in the South Asia region.Fastmarkets already includes coverage...Read More
Zinc concentrate treatment charges continued to slide in October, falling to a 26-month low with near-term demand continuing to outweigh immediate supplies of material, Fastmarkets has heard.Fastmarkets' latest monthly assessment for zinc spot concentrate TC, cif China, was $85-105 per tonne on Friday October 30, down by 13.6% from $100-120 per tonne on September 25.The market for zinc concentrate...Read More
Three-month base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday November 5, with a prolonged US election process limiting investor sentiment despite a continued decline in the US dollar index, while aluminium's forward spreads widened over the afternoon.Aluminium's underlying price on the LME closed at $1,897.50 per tonne on Thursday afternoon, declining...Read More
As the aluminium price surges to an 18-month high, alumina market participants are debating how it is influencing the raw material's market direction. The London Metal Exchange three-month price hit $1,913 per tonne on Wednesday November 4 - the highest since April 2019 - and closed trading at $1,908.50 per tonne at the LME 5pm ring kerb. The aluminium price has been on an upward trajectory over t...Read More
Zinc concentrate treatment charges continued to slide in October, falling to a 26-month low with near-term demand continuing to outweigh immediate supplies of material, Fastmarkets has heard.Fastmarkets' latest monthly assessment for zinc spot concentrate TC, cif China, was $85-105 per tonne on Friday October 30, down by 13.6% from $100-120 per tonne on September 25.The market for zinc concentrate...Read More
As the aluminium price surges to an 18-month high, alumina market participants are debating how it is influencing the raw material's market direction. The London Metal Exchange three-month price hit $1,913 per tonne on Wednesday November 4 - the highest since April 2019 - and closed trading at $1,908.50 per tonne at the LME 5pm ring kerb. The aluminium price has been on an upward trajectory over t...Read More
It has been two weeks since South Africa's cabinet approved a chrome ore export tax to support its chrome sector, and Chinese buyers say they would have little option but to accept the higher costs. China is the world's largest chrome ore importer and would therefore bear the brunt once the export tax is carried through. But the East Asian country has no choice but to brace for the price rise beca...Read More