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 transparency into the markets it covers and the pricing process...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...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Several minor metals found support on Wednesday August 26 following price increases in China, with traders expecting higher replacement costs in the coming weeks despite consumers and demand not fully back in the spot market, Fastmarkets heard.The price of bismuth in Europe edged up over the assessment week, with traders that spoke to Fastmakets reporting difficulty finding available material in b...Read More
UK inter-merchant spot prices for light iron scrap were unchanged in the week to Friday August 28 due to the upcoming summer bank holiday in the country keeping trading quiet, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?95-105 ($125-138) per tonne on Friday, unchanged week on week.The market was qui...Read More
South Korean steel mills were able to secure deals for Japanese heavy scrap at largely stable prices over the past week, capitalizing on the mixed outlook in east Asian scrap markets.The direction of the Japanese market was unclear at the start of the week, sources said, with Turkey still absent from booking and a rising number of Japanese heavy scrap cargoes being offered.One Japanese trader told...Read More
Demand for ferrous scrap imports in the key Southeast Asian market of Vietnam remained firm in the week to Friday August 28.At least five cargoes totaling 20,000-30,000 tonnes of bulk Japanese H2 scrap were sold at $293, $294, $295, $296 and $298 per tonne cfr Vietnam."Many buyers who were hesitating last week finally entered the market and started buying," a Vietnamese trader told Fastmarkets on...Read More
The ongoing strong performance in India's ferro-chrome market has been a tailwind for the Japanese and South Korean markets, with suppliers pushing up their offer prices even though these had not yet fed into confirmed business, sources told Fastmarkets. Fastmarkets' fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan ticked up to $0.68-0.72 per lb on Thursday, up...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More
Three-month prices for base metals on the London Metal Exchange were mostly flat at the close of trading on Thursday August 27, with investor sentiment jittery after US Federal Reserve chair Jerome Powell announced a greater focus on job security in Thursday's meeting, while tin futures performed best in high-volume trading.Powell highlighted targets for an average inflation rate of 2% over time,...Read More
Aluminium producers have begun their negotiations for the fourth-quarter Japan aluminium benchmark premium, and participants told Fastmarkets they expect premiums to rise, albeit marginally. The benchmark quarterly main Japanese ports (MJP) premium has fallen each quarter this year from $83 per tonne in the first quarter, to $82 per tonne in the second and $75-79 per tonne in the third quarte...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More
When Nick Popovic was formally announced in August as Glencore's new head of zinc and lead trading, the news came as little surprise to watchers of the company.A long-running senior executive in the division, with experience leading the key Kazzinc group of assets, the move to succeed Daniel Mate was seen by many as a natural fit."Nick's been in the company for many years, he's a good safe set of...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More
The publication of Fastmarkets' European cobalt price assessments on Thursday August 27 was delayed due to technical issues.The Fastmarkets price book and database have both since been updated.The cobalt price assessments affected by the delay were:MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $ per lbMB-CO-0005 Cobalt standard grade, in-whs Rotterdam, $ per lbFor more information, or to provid...Read More
The Turkish steel producers have taken a break from deep-sea scrap purchases after booking a number of cargoes earlier in the week, sources said on Thursday August 27.The mills in Turkey booked six deep-sea scrap cargoes from various destinations at slightly higher prices this week, totalling around 220,000 tonnes.The most recent bookings brought the HMS 1&2 (80:20) price to $287.50 per tonne cfr...Read More
Prices for bulk cargoes of scrap imported to Bangladesh moved up again over the last week with offer prices from key exporters on the rise, market participants told Fastmarkets.At least two mills have been shopping around the market for bulk cargoes this week, Fastmarkets understands, with offer prices from both Japan and the United States at higher levels than last week.Sellers in the US West Coa...Read More
The publication of Fastmarkets' European cobalt price assessments on Thursday August 27 was delayed due to technical issues.The Fastmarkets price book and database have both since been updated.The cobalt price assessments affected by the delay were:MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $ per lbMB-CO-0005 Cobalt standard grade, in-whs Rotterdam, $ per lbFor more information, or to provid...Read More
A summary of Australia-based lithium miner Galaxy Resources' results for the first six months of 2020, released on Thursday August 27.In brief Galaxy produced a total of 45,248 dry metric tonnes (dmt) of spodumene concentrate in the first six months of 2020 from the Mount Cattlin mine in Western Australia. This was down by around 54% compared with the first six months of 2019, in line with the com...Read More
The publication of Fastmarkets' European cobalt price assessments for August 27 will be delayed because of a technical issue.Fastmarkets' pricing database, MInD, will be updated at the earliest possible moment to reflect the below assessments for the following prices: MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $/lbAugust 26 price: $15.25-15.70 per lbAugust 27 price: $15.25-15.70 per lbMB-CO-...Read More