An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The Turkish steel producers broke their two-weeks-long silence in the deep-sea scrap markets on Friday September 25, securing two cargo deals, while prices in the major markets were slightly down on limited demand.Turkish mills return to the market for two Baltic Sea cargoesUS East Coast quiet on Turkey's absenceVietnamese buyers book Japanese scrap on dipping offersTaiwanese import prices down on...Read More
A Turkish steel producer broke the silence in the deep-sea scrap market on Friday September 25 after two quiet weeks, securing deals for two cargoes, sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic Sea cargo, comprising 12,000 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded, 1,000 tonnes of bonus and 1,000 tonnes of busheling at an average price of $299 per tonne...Read More
Prices for steel scrap cargoes imported into South Korea fell again over the last seven days amid weakening Japanese offer prices and stifled demand, sources told Fastmarkets on Friday September 25.Japanese exporters reduced offer prices over the last week due to a lack of buying interest from Vietnam and Taiwan at the previous levels, sources said, while smaller suppliers focusing on Korea had al...Read More
Base metals prices on the London Metal Exchange were mixed but little changed this morning, Friday September 25, this after once again running into dip-buying on Thursday.A late rally in US equities on Thursday lent support to broader markets.US Congress is working on a $2.2 trillion stimulus package that could be voted on next week.Asian-Pacific equities were for the most part stronger this morni...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Lithium prices are in a bottoming-out phase but are expected to struggle for some time in the foreseeable future, according to William Adams, Fastmarkets head of battery raw materials and base metals research."Before we start to see prices rise, we need to see inventory [levels] come down to a more normal level," Adams said during a virtual lithium market presentation, hosted by investment bank Mo...Read More
Prices for flat-rolled steel imported into South America took a downturn in the week to Friday September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.The region's import market followed a broader downtrend reported for the Chinese domestic market in the past few weeks. That trend reversal was also supported by reduced liquidity, due to November-sh...Read More
Poland's steel rebar producers have pushed for new price increases this week on good buying activity, rising raw materials costs and a lack of competitive imports in the market, sources told Fastmarkets on Friday September 25.The rebar market in the country moved up this week on fresh offers from domestic mills, encouraged by good buying, rising rolling costs and tighter availability of rebar with...Read More
Soft demand sent China's domestic rebar prices falling this week, with those in the eastern region being down by 60-80 yuan per tonne despite holding steady on Friday September 25. DomesticEastern China (Shanghai): 3,600-3,640 yuan ($528-534) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,570-3,590 yuan per tonne, down by 50 yuan per tonne End users kept their rebar invent...Read More
The Turkish steel producers broke their two-weeks-long silence in the deep-sea scrap markets on Friday September 25, securing two cargo deals, while prices in the major markets were slightly down on limited demand.Turkish mills return to the market for two Baltic Sea cargoesUS East Coast quiet on Turkey's absenceVietnamese buyers book Japanese scrap on dipping offersTaiwanese import prices down on...Read More
Early during the week to Friday September 25, pig iron import deal prices in the United States overtook the market level in China, which had been driving the global market since March, but eased later in the assessment period. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US softened to $380-387 per tonne on Friday from $385-387 per tonne one week earlier. One spot b...Read More
A Turkish steel producer broke the silence in the deep-sea scrap market on Friday September 25 after two quiet weeks, securing deals for two cargoes, sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic Sea cargo, comprising 12,000 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded, 1,000 tonnes of bonus and 1,000 tonnes of busheling at an average price of $299 per tonne...Read More
Export prices for Brazil-origin slab narrowed upward on Friday September 25 due to producers withdrawing low-priced offers and focusing on markets where demand is higher.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil increased to $480-490 per tonne on September 25, from $450-490 per tonne a week before.Offers from slab producers were reported within the range of...Read More
Indian domestic prices for secondary steel billet have fallen by 600 rupees ($8) per tonne in the week to Friday September 25, with subdued demand resulting in fewer inquiries, in addition to a fall in the prices of raw materials such as direct-reduced iron (DRI).The price of steel billet, domestic, exw India, was assessed by Fastmarkets on September 25 to be down to 29,000-29,200 rupees ($393-395...Read More
Export prices for Brazil-origin slab narrowed upward on Friday September 25 due to producers withdrawing low-priced offers and focusing on markets where demand is higher.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil increased to $480-490 per tonne on September 25, from $450-490 per tonne a week before.Offers from slab producers were reported within the range of...Read More
Prices for flat-rolled steel imported into South America took a downturn in the week to Friday September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.The region's import market followed a broader downtrend reported for the Chinese domestic market in the past few weeks. That trend reversal was also supported by reduced liquidity, due to November-sh...Read More
London Metal Exchange three-month prices for all base metals remained under pressure on Friday September 25, with aluminium the only exception to the general downward trend.The LME three-month aluminium price rose 0.66%, and closed at $1,759.50 per tonne after seeing a turnover of 12,776 lots on Friday.Total LME aluminium stocks stand at 1,477,175 tonnes after registering an outflow of 5,050 tonne...Read More
Indian domestic prices for secondary steel billet have fallen by 600 rupees ($8) per tonne in the week to Friday September 25, with subdued demand resulting in fewer inquiries, in addition to a fall in the prices of raw materials such as direct-reduced iron (DRI).The price of steel billet, domestic, exw India, was assessed by Fastmarkets on September 25 to be down to 29,000-29,200 rupees ($393-395...Read More