Base metals prices were higher on both the LME and the SHFE this morning, Friday September 10, with the broader markets also up. Additionally, metals that were previously looking vulnerable now look less vulnerable, suggesting traders are still comfortable being exposed to the metals.United States president Joe Biden and China's leader Xi Jinping are meeting in an effort to improve relationsThe Eu...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
Battery-grade lithium hydroxide prices in Asia accelerated higher in the week ended Thursday September 9, while lithium carbonate prices were left playing catch-up.Chinese lithium prices extend gains amid tight supply.Lithium prices in Seaborne Asian market once again track the strength in China...... as do prices in Europe and the United States after spot activity picks up.Lithium prices in China...Read More
Activities at the S??o Francisco do Sul port, in Brazil's southern Santa Catarina state, resumed after a truckers' road blockade prevented normal operations during this past week, a spokesperson for the port's operator told Fastmarkets on Friday September 10.According to a report from the country's infrastructure ministry, blockades ended entirely on Friday. Demonstrations that broke out across Br...Read More
Sentiment in the European hot-rolled coil market was becoming increasingly gloomy, reflecting the deterioration in demand from the automotive sector, and with prices in the north of the region sliding on Friday September 10, sources have told Fastmarkets.The automotive sector in Europe was reported to be working at reduced rates because of the global shortage of semiconductor chips for onboard ele...Read More
Domestic hot-rolled coil prices in China increased further on Friday September 10, hitting their highest levels since the start of August, with the expectations of tougher curbs on production supporting market sentiment.DomesticEastern China (Shanghai): 5,850-5,920 yuan ($909-920) per tonne, up by 30-50 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,780-5,830 yuan ($898-906) per ton...Read More
Fastmarkets' Ferrous Analytics report helps subscribers...Read More
Domestic steel wire rod prices in Poland declined slightly in the seven days to Friday September 10, affected by cheaper imports and a downtrend in raw materials prices, source told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 4,050-4,100 zloty ($1,056-1,069) per tonne on September 10, down from 4,100-4,180 zloty per tonne s...Read More
Domestic steel rebar prices in Poland have narrowed downward slightly over the past week under pressure from cheaper imports, but robust construction activity and strong order books at producers were expected to prevent prices from collapsing, sources told Fastmarkets on Friday September 10.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 4,000-4,050 zloty...Read More
Following a downtrend that began in mid-June due to soft demand, the market for pig iron imports in the United States stopped falling during the week to Friday September 10 because suppliers have sold large tonnages, mainly to China.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, widening upward from $530-535 per tonne cfr a week before....Read More
Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.Turkey scrap prices stable after raft of deep-sea bookingsUnited States scrap export prices still in decline Vietnamese import interest renewed amid higher Chinese...Read More
Brazil's pig iron export market rebounded during the week ended Friday September 10 on active sales to the United States and China, sources told Fastmarkets.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $475-500 per tonne on Friday, widening upward from $475-485 per tonne a week earlier.A sale of pig iron was done to the US at $480 per tonne early during the week...Read More
Brazilian slab export prices narrowed downward in the week ended on Friday September 10, with producers launching their first offers for November-shipment batches.Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $870-880 per tonne on Friday, down from $870-900 per tonne the previous week.Brazilian...Read More
The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.The association's September 9 report listed several positive factors, most notably the improving supply-demand balance in the major markets, planned infrastructure investments worldwide, and the growing number...Read More
Chinese buyers purchased several hundred thousand tonnes of import steel billet cargoes at rising prices during the week to Friday September 10, amid support from tighter production restrictions in the country, sources told Fastmarkets.Deal prices for 3sp billet imported to China reached $705 per tonne cfr by Tuesday and continued rising through the latter part of the week.Fastmarkets' price asses...Read More
Base prices for cold-rolled stainless steel in Europe increased in the week ended Friday September 10 due to the ongoing supply shortage, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, base price domestic, delivered Northern Europe rose to ?,?1,800-1,850 ($2,128-2,187) per tonne on September 10, up by ?,?50 per tonne week on wee...Read More
Activities at the S??o Francisco do Sul port, in Brazil's southern Santa Catarina state, resumed after a truckers' road blockade prevented normal operations during this past week, a spokesperson for the port's operator told Fastmarkets on Friday September 10.According to a report from the country's infrastructure ministry, blockades ended entirely on Friday. Demonstrations that broke out across Br...Read More
Activities at the S??o Francisco do Sul port, in Brazil's southern Santa Catarina state, resumed after a truckers' road blockade prevented normal operations during this past week, a spokesperson for the port's operator told Fastmarkets on Friday September 10.According to a report from the country's infrastructure ministry, blockades ended entirely on Friday. Demonstrations that broke out across Br...Read More
Brazilian slab export prices narrowed downward in the week ended on Friday September 10, with producers launching their first offers for November-shipment batches.Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $870-880 per tonne on Friday, down from $870-900 per tonne the previous week.Brazilian...Read More
Following a downtrend that began in mid-June due to soft demand, the market for pig iron imports in the United States stopped falling during the week to Friday September 10 because suppliers have sold large tonnages, mainly to China.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, widening upward from $530-535 per tonne cfr a week before....Read More