Seaborne premium hard coking coal prices rose on Friday September 11 after Chinese market participants returned to the market and added impetus to spot trading activity, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.38 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $127.59 per tonne, up $0.78 per tonneHard coking coal, fob DBCT: $92.18 per tonne, u...Read More
Trading activity picked up in China's hot-rolled coil market on Friday September 11 in response to rising futures, though prices weakened from a day earlier.DomesticEastern China (Shanghai): 3,890-3,920 yuan ($569-574) yuan per tonne, down 30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,880-3,900 yuan per tonne, down 10-20 yuan per tonneSellers in Shanghai issued offers at 3,890-...Read More
The waiting time for aluminium to be delivered from Istim's warehouses in Port Klang, Malaysia, was 69 days at the end of August, according to the latest London Metal Exchange queue report.This is little changed from the 68-day queue registered at the end of July, which built up after more than 200,000 tonnes of aluminium were cancelled during July. LME aluminium stocks fell by 77,800 tonnes...Read More
In the absence of any dominant themes at present the base metals and broader markets were mixed this morning, Friday September 11, but prices were generally on the back foot following the emergence of some weakness in recent days, especially in US tech shares. Asian-Pacific equities and pre-market major western equity index futures were mixed following another down day in US equities on Thursday....Read More
An overview of the minor metals markets and the reasons for any price moves.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
The cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.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 applies.Fastmarkets assessed cobalt...Read More
Stainless steel prices in the United States rose in tandem with higher surcharges, while sources reported customer demand levels that ranged from weak to steadily improving.Fastmarkets' price assessments for stainless steel 304 cold-rolled sheet, fob mill US and for stainless steel 304L cold-rolled sheet, fob mill US both rose by $3.50 per hundredweight to $121 per cwt and $123 per cwt respectivel...Read More
The price of austenitic stainless steel scrap in the UK domestic market eased this week on lower nickel costs, sources told Fastmarkets on Friday September 11.Fastmarkets' weekly price assessment of stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?830-860 ($1,073-1,111) per tonne on Friday, down by ?10-20 from ?850-870 per tonne a week ago.Three-month nickel on the London...Read More
An emergent preference for United States-origin scrap dissipated in the week to Friday September 11 after sellers in the West Coast region raised offers by as much as $15-20 per tonne, according to market sources.Bookings of Japanese material continued this week even after the Kanto Tetsugen auction closed $20 per tonne higher on Wednesday September 9.Transactions were concluded at $310 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
The three-month price of copper on the London Metal Exchange was the poorest performer at the close of trading on Thursday September 10, failing to capitalize on an early-afternoon spike above $6,700 per tonne in a 1.4% daily decline, while continued volatility in global equity markets left investors cautious about commodity exposure.Copper's outright price on the LME closed at $6,668.50 per tonne...Read More
The three-month copper price was the standout underperformer during morning trading on Thursday September 10, after a complex-wide sell-off emerged during the Asian trading session, while LME nickel futures continued to correct firmly below the $15,000-per-tonne threshold. Copper's outright price on the LME was recently seen at $6,637 per tonne, down by more than 1.7% from Wednesday's closing pric...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Wednesday September 9.Key drivers Manganese flake price continued to gain strength, with constant increases since August 21 following higher offers from China. These offers from producers were supported by strong domestic demand and by the rise in value of the yuan against the dollar, which meant that buyer...Read More
Hebei Steel, China's second-largest steel mill, has finalized its purchase price for September-delivery silico-manganese at 6,330 yuan ($925) per tonne, market participants told Fastmarkets on Thursday September 10.The latest price is 130 yuan per tonne higher than the purchase price of 6,200 yuan per tonne for August-delivery cargoes.The price from Hebei Steel, which is for cargoes delivered to w...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Wednesday September 9.Key drivers Manganese flake price continued to gain strength, with constant increases since August 21 following higher offers from China. These offers from producers were supported by strong domestic demand and by the rise in value of the yuan against the dollar, which meant that buyer...Read More