Seaborne coking coal cfr prices decreased on Monday September 27 due to market participants' expectations of lower demand in the coming months.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $594.56 per tonne, down $6.26 per tonneHard coking coal, cfr Jingtang: $529.82 per tonne, down $45.41 per tonnePremium hard coking coal, fob DBCT: $406.07 per tonne, up $0.08 per tonneHard coking co...Read More
Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China's ports boosted market sentiment after price declines in the past two weeks.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.31 per tonne, up $7.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.10 per tonne, up $7.32 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Domestic prices for hot-rolled coil (HRC) in Northern Europe and Italy were broadly stable on Monday September 27, with buyers holding back from trading after prices fell the week before, sources told Fastmarkets.Spot buyers have refrained from making deals due to high stocks. They expect domestic prices to decrease further and supply to remain sufficient.Automotive manufacturers, which typically...Read More
Australian miner AVZ Minerals Limited has signed a transaction implementation agreement with China's Suzhou CATH Energy Technologies to jointly develop the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC), the Australian miner said on Monday September 27.CATH is a private investment entity jointly owned by Contemporary Amperex Technology (CATL) and Shenzhen-listed Suzhou TA...Read More
Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.The 660,000-tonnes-per-year furnace was only restarted in June after nearly 14 months out of action during the Covid-19 pandemic.Usiminas did not provide any further details of the incident, but confirmed that, depending on the natu...Read More
Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.The 660,000-tonnes-per-year furnace was only restarted in June after nearly 14 months out of action during the Covid-19 pandemic.Usiminas did not provide any further details of the incident, but confirmed that, depending on the natu...Read More
Spot zinc concentrate processing charges fell in the second half of September, with Chinese smelters stocking up for winter production and power curbs expected to limit smelting operations until early October.Fastmarkets assessed the zinc spot concentrate treatment charge, cif China at $75-88 per tonne on Friday September 24, narrowing downward by $4 from $75-92 per tonne two weeks prior. Prime br...Read More
China's domestic hot-rolled coil prices rebounded on Monday September 27, with futures charting a recovery amid news that tight electricity supply in China as well as local governments' rush to meet energy consumption targets were affecting steel production rates.DomesticEastern China (Shanghai): 5,700-5,750 yuan ($882-890) per tonne, up by 20-30 yuan per tonneThe most-traded HRC contract on the S...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Base metals prices were mainly lower on the London Metal Exchange and mixed on the Shanghai Futures Exchange on Monday September 27, while the broader markets looked more positive.Higher oil prices are adding to inflationary concerns......US 10-year treasuries yields rise to levels not seen since JulyBase metalsThree-month base metals prices on the LME were mainly weaker this morning, with the exc...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Base metals prices were mainly lower across both the London Metal Exchange and the Shanghai Futures Exchange on Tuesday September 28, the exception was LME copper.* Oil prices extend gains; spot Brent crude approaching $80 per barrel.* US 10-year treasuries yields push through 1.5%.Base metalsThe three-month copper price on the LME was up by 0.3% at $9,376.50 per tonne and seemed buoyant this morn...Read More
China's domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.DomesticEastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, unchanged.A number of provinces are restricting the electricity supply to steel mills to reduce energy consumption and emissions, so market participants expect that steel output will keep dropping and pric...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 assessed Cobalt alloy...Read More
Key data from Fastmarkets' pricing session in China on Friday September 24.Key drivers There are fears that spot availability will be even tighter during the dry season - which runs from the end of October/start of November through to May - when silicon producers...Read More
Fastmarkets proposes changes to the name and specifications of its UG2 chrome ore price index.Fastmarkets proposes to change the specification for its chrome ore South Africa UG2 concentrates index basis 42%, cif China to include MG material and to amend some qualities, including to clarify a base chrome iron ratio and to implement a normalization process to meet this base level. Fastmarkets...Read More
Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China's ports boosted market sentiment after price declines in the past two weeks.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.31 per tonne, up $7.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.10 per tonne, up $7.32 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Fastmarkets proposes to amend the publication timing of its ferro-chrome benchmark indicator and its ferro-chrome cif China price.For its ferro-chrome lumpy Cr benchmark indicator, charge basis 52% (and high carbon), Europe and ferro-chrome 50% Cr import, cif main Chinese ports price assessment, Fastmarkets proposes changing the publication time.The proposed specifications would be (proposed...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, in-whs Rotterdam, $/lb...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More