Turkish steel mills continued to pay slightly higher prices for deep-sea scrap cargoes late on Friday, but made no bookings on the first working day of the week, sources said on Monday September 7.A steel mill in the Izmir region booked a United States cargo late on Friday comprising HMS 1&2 (80:20) at $300 per tonne, shredded at $305 per tonne and bonus at $310 per tonne cfr. The cargo breakdown...Read More
Turkish domestic scrap prices continued to increase over the past week due to improving imported scrap values and demand, sources said on Monday September 7.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 2,040-2,225 lira ($275-300) per tonne on Monday, up from 1,890-2,155 lira per tonne a week earlier.The upward move came after several steel...Read More
Fastmarkets' seaborne premium hard coking coal cfr index increased on Monday September 7, after the latest transaction, with market participants agreeing that demand from China will be the key factor in any further spot market price increases. Fastmarkets indicesPremium hard coking coal, fob DBCT: $110.05 per tonne, up $0.05 per tonne Premium hard coking coal, cfr Jingtang: $115.88 per t...Read More
Buying interest for iron ore lump has increased due to stricter sintering restrictions being imposed in the steelmaking hub of Tangshan, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $129.11 per tonne, up $0.31 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $129.44 per tonne, up $0.22 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $114.38 per tonne,...Read More
Seaborne iron ore concentrate and pellet prices went up in the week to Friday September 4 amid a recovery in demand, though high inventory levels at Chinese ports limited the uptrend, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $136.97 per tonne, up $5.10 per tonne65% Fe blast furnace pellet, cfr Qingdao: $143.07 per tonne, up $4.90 per tonneKey driversMar...Read More
US-based electric vehicle maker Tesla has joined cobalt producers Huayou and Glencore as a member of a recently founded organization whose aim is to improve the artisanal mining sector in the Democratic Republic of the Congo (DRC).The Fair Cobalt Alliance (FCA) will help to boost the appeal of cobalt produced in the DRC by developing the working standards in artisanal mining, a part of the industr...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...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...Read More
Key data from the Friday September 4 pricing session in Shanghai.Key drivers Export price moves up after some deals concluded near $1,440 per tonne.Some exporters maintain offers above the published range due to the firmer domestic market and a stronger yuan in relation to the dollar, but they have not...Read More
Outright cobalt hydroxide prices continued to rise over the past fortnight, but gains were capped after consumers demonstrated less urgency in their need to restock the material.Fastmarkets' cobalt hydroxide index 30% Co min, cif China was at $11.89 per lb on Friday September 4, up by 7 cents per lb (0.6%) from $11.82 per lb on August 21.Negotiations for units both on the water and in local bonded...Read More
Key data from the Friday September 4 pricing session in Shanghai.Key drivers Exporters continue to raise offer prices given the strength in the domestic market and perception of a firmer yuan against the dollar. The range of upward price adjustments varied, however, with some exporters even offering...Read More
Crude Oil ETN (USO) moved below $26.82 extending an intermediate downtrend. Energy SPDRs (XLE) moved below $34.24 completing a Head & Shoulders pattern. Chevron (CVX), a Dow Jones Industrial stock moved below $80.35 completing a Head & Shoulders pattern. S&P Oil and Gas Exploration SPDRs moved below $47.19 completing a Head & Shoulders pattern.First Trust Natural Gas ETF (FCG) move...Read More
* LME copper stocks at lowest since December 2005 * Premium for cash over 3-month contract at $18.50/T * Copper comes within touching distance of 26-month high (Updates prices) By Pratima Desai Sept 7 (Reuters) - Aluminium prices rose towards 7-monthhighs on Monday as stronger economic growth and demand in Europeand elsewhere raised the prospect of rising exports from topproducer China. Benchmark...Read More
Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More
Indian authorities have decided to slash export rebates, in a move which market participants expect will raise prices for steel shipped out of the South Asian nation, Fastmarkets understands.An Indian steel trader told Fastmarkets that a final decision on the matter was still under discussion, but he expected that the rebate he received on steel exports would be cut from a current 2.5-3% per trans...Read More
Member mills of the China Iron & Steel Association (Cisa) largely kept their crude steel production rates unchanged in late August from the preceding 10 days, but their finished steel inventories continued to drop, according to data released on Thursday September 3.August 21-31 outputCrude steel: 2.16 million tonnes per day, down by 0.04%Finished steel: 2.19 million tpd, up...Read More