Seaborne iron ore prices edged down on Friday September 10, in expectation of weakening demand due to the potential for further steel production cuts until the end of 2021, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $129.71 per tonne, down $0.55 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.25 per tonne, down $0.67 per tonne58% Fe fines high-grade premiu...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
China's domestic rebar prices continued the upward trend on early-hour gains on Friday September 10, but demand decreased due to heavy rain in the eastern region.DomesticEastern China (Shanghai): 5,440-5,470 yuan ($842-847) per tonne, up by 30 yuan per tonneNorthern China (Beijing) weekly assessment: 5,250-5,280 yuan per tonne, up by 110 yuan per tonneRebar prices increased on strong futures in th...Read More
The three-month nickel price on the London Metal Exchange gained 2.6% to its highest so far in 2021 during early trading on Friday September 10, while aluminium also reached a new year-to-date peak of $2,894 per tonne.The entire base metals complex is set to end the week higher. Nickel reached $20,705 per tonne on Friday morning - a price not seen since 2014 when it rose as high as $21,625 per ton...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda, Dalila Ouerghi...Read More
Key data from Fastmarkets' pricing session in China on Friday September 10.Key drivers The antimony price in China moved up amid higher offer prices from producers due to tight supplies. The Zijiang River, which passes through the antimony production hub of Lengshuijiang city, in Hunan Province, was recently found to contain excessive...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
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 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,...Read More
In July and August, prices of both antimony metal and trioxide (ATO) continued to rise amid ore shortages in China and disruptions to sea shipping worldwide. Market participants expected further price increases, but some warned that high prices could push customers to seek possible alternatives to antimony as a flame-retardant additive.Price movesAverage prices for antimony moved up in August. Ove...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
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
Port congestion off the coast of Los Angeles, southern California, is still stymieing spot trades for containerized heavy melting scrap 1&2 (80:20) to Taiwan, market sources said this week.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $452-453 per tonne on Friday September 10, unchanged from Thursday and up by $5-...Read More
Brazil's Vale has launched a new iron ore product that will reduce greenhouse gases by up to 10% in the steel production process, it said on Thursday September 9.Its "green briquette" is produced by agglomerating iron ore to withstand the high temperatures of blast furnaces without disintegrating. It also allows steelmakers to move away...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
Base metals prices on the London Metal Exchange were up across the board on Thursday September 9, supported by the lower dollar index.The three-month aluminium contract continued its surge during Thursday's trading, closing above $2,800 per tonne for the first time since 2008. The three-month price finished the session up by 1.6% at $2,839.50 per tonne after reaching an intraday high of $2,848 per...Read More
Alumina prices soared over 10% on Thursday September 9 to their highest since April 2019 due to increased spot market tightness.Fastmarkets' alumina index, fob Australia, was published at $380.61 per tonne on Thursday, up by 13% from the previous day when the index was just $336.76 per tonne.A deal was concluded at $381.10 per tonne on a fob Western Australia basis for 30,000 tonnes and October lo...Read More
Alumina prices soared over 10% on Thursday September 9 to their highest since April 2019 due to increased spot market tightness.Fastmarkets' alumina index, fob Australia, was published at $380.61 per tonne on Thursday, up by 13% from the previous day when the index was just $336.76 per tonne.A deal was concluded at $381.10 per tonne on a fob Western Australia basis for 30,000 tonnes and October lo...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
Chinese cobalt tetroxide prices moved up on improved demand from downstream consumers in the first half of this week, with most producers raising their offers, sources told Fastmarkets on Wednesday September 8.Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China narrowed up to 275,000-285,000 yuan ($42,568-44,116) per tonne on September 8, from 270,000-285,000 yuan per...Read More