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 grade, in-whs Rotterdam, $/lb at 23.70-24.60 on Wednesday September 08,...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
Selling prices for Japanese steel scrap remain more attractive in the Japanese local market than exporting overseas, despite a fresh price cut by Tokyo Steel, sources told Fastmarkets on Wednesday September 8.Tokyo Steel reduces scrap buy prices at key millTaiwan pays higher prices for containerized scrap amid rising logistics costs and lack of vesselsWide gaps between bids and offers persists in...Read More
Turkish steelmakers went quiet in the deep-sea ferrous scrap markets once again after booking a number of cargoes for October shipment earlier this week, market participants said on Wednesday September 8.Three steel producers did book four deep-sea cargoes from various locations on Tuesday September 7. But weak demand for Turkish long steel products in the export markets has been keeping Turk...Read More
The three-month aluminium price on the London Metal Exchange continued its uptrend during Wednesday's trading, rising by 1.3% to $2,794 per tonne from $2,757 per tonne at Tuesday's 5pm close after 16,900 lots were traded.Prior to closing at 5pm, the aluminium three-month contract reached an intraday high of $2,810 per tonne, exceeding the previous 2011 high of $2,803 per tonne."Once it [the alumin...Read More
The price of premium hard coking coal fob jumped on Wednesday September 8 with news of a fresh offer, while sources heard part of the tender result of Russian company Mechel.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $460.63 per tonne, up $2.82 per tonneHard coking coal, cfr Jingtang: $433.94 per tonne, up $2.52 per tonnePremium hard coking coal, fob DBCT: $300.87 per tonne, up $17...Read More
Seaborne iron ore prices decreased on Wednesday September 8 due to limited liquidity in the physical market, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $132.19 per tonne, down by $5.78 per tonne62% Fe low-alumina fines, cfr Qingdao: $133.29 per tonne, down by $4.81 per tonne58% Fe fines high-grade premium, cfr Qingdao: $106.66 per tonne, down by $4.03 per tonne...Read More
Domestic hot-rolled coil prices in China edged lower on Wednesday September 8; demand has not yet shown a significant improvement despite the advent of peak season.DomesticEastern China (Shanghai): 5,750-5,820 yuan ($890-901) per tonne, down by 30-50 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange climbed up after touching an intraday low of 5,674 yuan per tonne in over...Read More
The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJuly 22, 2021: 5 tonnes for August 2021 at $25 per lbJuly 23: 5 tonnes for September 2021 at $25.20 per lbJuly 28: 176 tonnes (88 tonnes for August at $25.04 per lb; 88 tonnes for December at $25.40 per...Read More
The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJuly 22, 2021: 5 tonnes for August 2021 at $25 per lbJuly 23: 5 tonnes for September 2021 at $25.20 per lbJuly 28: 176 tonnes (88 tonnes for August at $25.04 per lb; 88 tonnes for December at $25.40 per...Read More
China's domestic rebar prices decreased on Wednesday September 8 after sellers lowered their offers to encourage sales following two days of weak demand.DomesticEastern China (Shanghai): 5,300-5,350 yuan ($820-828) per tonne, down by 20 yuan per tonneSellers dropped their offer prices for rebar on Wednesday morning to improves sales volumes, but buyers asked for even lower...Read More
Fastmarkets has corrected the pricing rationale for MB-CO-0004 - cobalt alloy grade, in-whs Rotterdam, $/lb, which was published incorrectly on Wednesday September 8 due to a reporting team error.One bid of $23.80/lb, which was reported by a seller, was incorrectly reported at $24.80/lb.Fastmarkets' rationale database has been updated to reflect this change. There is no change to the final assessm...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
Zinc was the main exception to an otherwise falling London Metal Exchange complex on September 7, which was a day of very quiet trading conditions - just over 10,000 lots of copper were traded by 5pm. The three-month price of zinc was at $3,044 per tonne on Tuesday at the close, a 1.2% increase from Monday's price at the same time of $3,007.50 per tonne.It set an intraday high of $3,059 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 7 that are worth another look....Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday September 7 and their latest price moves.China UG2 chrome ore offer prices dropped following a softening in the alloy market and reports of electricity production restrictions on consumers. The imported charge chrome market fell following early weakness in the domestic spot market and likely production...Read More
Market participants told Fastmarkets on Tuesday September 7 that bauxite production in Guinea has been unaffected so far, despite a coup in the West African country.The coup began on Sunday September 5 when soldiers detained President Alpha Cond?(C), and then announced on state television that the government had been dissolved. Despite the political uncertainties, the operations of mining projects...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 7 that are worth another look....Read More
The European Union is considering imposing tariff-rate quotas on steel and aluminium exports to the United States in a bid to reach an agreement with the US on its plans to exempt the EU from its Section 232 measures, sources told Fastmarkets on Tuesday September 7.The US and EU are widely expected to reach an agreement by November 1 on an exemption from Section 232 for European steel an...Read More
Turkish steel mills have resumed their deep-sea scrap bookings at fairly stable prices after a short break, market participants told Fastmarkets on Tuesday September 7.Three steel producers booked four deep-sea cargoes from various locations.A steel mill in the Marmara region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $445 per tonne and 27,000 tonnes of shredded at $460 per...Read More