Seaborne iron ore prices continued to fall on Wednesday October 13, after a formal announcement on upcoming winter restrictions by China's Ministry of Industry & Information Technology (MIIT).Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $124.17 per tonne, down $4.83 per tonne62% Fe low-alumina fines, cfr Qingdao: $125.09 per tonne, down $5.08 per tonne58% Fe fines high-grade premium, cfr...Read More
Seaborne coking coal prices in the cfr China market were broadly stable on Wednesday October 13, while fob prices inched lower amid limited buying interest due to high offers, market sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $608.85 per tonne, down $0.10 per tonne Hard coking coal, cfr Jingtang: $559.46 per tonne, up $1.16 per tonnePremium hard coking coal, fob DBCT:...Read More
London-listed Cadence Minerals has obtained the approval of its credit committee to put the Amapa iron ore project in Brazil back on track, according to local news reports earlier this week.The project produces iron ore beneficiated to 65% Fe pellet feed and 62% Fe concentrate. Based on available historical mining plans and an independent consultant review, Amapa is expected to have a full product...Read More
Iron ore shipments from Australia's Port of Port Hedland rose by 3.1% in September from a year earlier, according to data released by the Pilbara Ports Authority on Tuesday October 12.The port on the northern coast of Western Australia exported 47 million tonnes of iron ore last month, compared with 45.6 million tonnes a year earlier. Last month's shipments were...Read More
Domestic hot-rolled coil prices in China moved within a wide range on Wednesday October 13, after futures took a rollercoaster ride amid an uncertain outlook for supply and demand. DomesticEastern China (Shanghai): 5,700-5,880 yuan ($885-913) per tonne, widening by 50-120 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange extended its losses to an intraday low of 5,482 yua...Read More
Domestic rebar prices in China decreased sharply on Wednesday September 13 due to rising inventory levels and an outlook of higher production rates.Domestic Eastern China (Shanghai): 5,720-5,760 yuan ($887-893) per tonne, down by 200 yuan per tonneSpot market inventories of rebar in 20 major Chinese cities totaled 5.13 million tonnes on October 10, up by 60,000 tonnes from September 30,...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 13.Key drivers The European ferro-titanium price range widened higher in the week to Wednesday October 13 after new deals were reported, although overall trading activity was slow amid muted consumer buying interest. There was industry talk of some lower-priced deals, although sources said these were outliers to typical trad...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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...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...Read More
A price gap between spot and tender prices developed in China's ferro-chrome market in early October after sellers in the spot market raised their prices because of supply tightness, while major stainless steel mills decided to keep their tender prices flat from the previous month.Offers heard in the spot market continued to rise after China's National Day holiday on October 1-7, due to limited av...Read More
The spikes in electricity and natural gas prices have forced some European long steel producers to make output adjustments to be able to manage surging costs, sources told Fastmarkets.Spot prices for electricity and natural gas across Europe have increased sharply in October and are expected to remain volatile until the end of the year at least.Notably, steelmakers claim that electricity prices in...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 12 that are worth another look.A sharp rise in electricity prices has forced Spanish stainless long steel producer Sidenor Aceros Especiales to suspend production, Fastmarkets has heard.The London Metal Exchange has...Read More
Base metals prices on the London Metal Exchange were mixed at the 5pm close on Tuesday October 12 amid concerns over inflation, and rising energy costs and power outages in China.The three-month price of aluminium continued its upward momentum during Tuesday's trading, closing at $3,068 per tonne, up from $3,064 per tonne on Monday.The lightweight metal hit an intraday high of $3,114.50 per tonne...Read More
Ecobat's Stolberg lead smelter will remain shut until spring 2022; regional tightness is pushing more consumers to look for spot units.The German lead plant, which declared force majeure due to floods in July, is still undergoing repair work, a company statement seen by Fastmarkets on Tuesday October 12 said. The smelter is in the process of procuring parts and equipment for the rebuild, the...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday October 12 and their latest price moves.United States The high-carbon ferro-chrome market jumped significantly, catching up with large gains in overseas markets. A re-opening of the spot market allowed suppliers to successfully elevate offers in line with the global market. Given the current tigh...Read More
Power cuts remained a prominent factor in China through the third quarter of 2021 as the world's second-largest economy grappled with soaring coal prices and its own strict limits on energy consumption - put in place to help the country achieve carbon neutrality by 2060.An increasing number of factories - especially those in energy intensive industries - have suffered from curbs to their power usa...Read More
Tsingshan Group has set its tender price for October-delivery high-carbon ferro-chrome at 9,995 yuan ($1,550) per tonne, the Chinese stainless steelmaker said on Monday October 11.The tender price was unchanged from what the eastern Chinese mill - the country's largest ferro-chrome buyer - had sought for September-delivery material, suggesting that it chose not to acknowledge a recent price surge...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 12 that are worth another look.A sharp rise in electricity prices has forced Spanish stainless long steel producer Sidenor Aceros Especiales to suspend production, Fastmarkets has heard.The London Metal Exchange has...Read More
Power cuts remained a prominent factor in China through the third quarter of 2021 as the world's second-largest economy grappled with soaring coal prices and its own strict limits on energy consumption - put in place to help the country achieve carbon neutrality by 2060.An increasing number of factories - especially those in energy intensive industries - have suffered from curbs to their power usa...Read More