As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in August 2021.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April,...Read More
Here are five Fastmarkets stories you might have missed on Monday September 6 that are worth another look.Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24. Multiple sources reported on Monday September 6 that the first producer to extend the offer of $2...Read More
Australian miner Eastern Iron Ltd has signed a partnership agreement with Yahua International Investment and Development Co. Ltd. to acquire and develop lithium projects, Eastern Iron said on Monday September 6.Yahua is a a subsidiary of Chinese lithium producer Sichuan Yahua Industrial Group Co. Ltd.Under the terms of the non-binding Memorandum of Understanding (MOU), Eastern Iron and Yahua...Read More
Seaborne iron ore prices fell on Monday September 6, due to Chinese authorities taking a stricter stance against steelmakers on steel production curbs and the start of sintering restrictions, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $132.38 per tonne, down $12.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $133.02 per tonne, down $12.28 per tonne58% Fe fines high-gra...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Fastmarkets analysts were invited to present our outlook for the coking coal market at Coaltrans Asia, held online on November 23-25. One of the key topics at the event was the trade tensions between China and Australia, which overtook Mongolia to become the largest coking coal exporter to China this year...Read More
The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.Stifled automotive output this year, driven by a supply shortage of semiconductor chips used in vehicles, has tightened prime scrap availability and widened the spreads between this grade of steelmaking raw material and obsolete scrap.While wide prime-over-obso...Read More
Turkish domestic scrap prices dropped over the past week amid weakening imported scrap values, market participants told Fastmarkets on Monday September 6.Turkish mills continued their deep-sea scrap purchases last week, albeit at a slow pace.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $ 440.25 per tonne on Friday September 3,...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Base metals prices on the London Metal Exchange were on divergent paths on the morning of Monday September 6, after a weaker-than-expected US jobs report on Friday sent out mixed signals.But base metals prices on the Shanghai Futures Exchange were generally stronger this morning while they tracked the gains seen on the LME on Friday, which came despite the disappointing data from the United States...Read More
Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More
Chilean copper production in July was close to stability when compared with the corresponding month of 2020, amid increased output from Codelco and a drop reported by Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday September 2.Chile produced 465,000 tonnes of copper in July, a slight decrease of 0.02% from 465,100 tonnes a year before but down by 2.58% from 47...Read More
Chilean copper production in July was close to stability when compared with the corresponding month of 2020, amid increased output from Codelco and a drop reported by Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday September 2.Chile produced 465,000 tonnes of copper in July, a slight decrease of 0.02% from 465,100 tonnes a year before but down by 2.58% from 47...Read More
Fastmarkets copper concentrate processing charges continued to rise in the week to Friday September 3.Copper smelters were buying a few spot parcels of concentrates, Fastmarkets heard, with transactions for October cargoes heard at $60s per tonne for standard clean concentrates.Miners have put more tonnages onto the spot market for sale. Some Escondida and Toromocho parcels were...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 3.China The Chinese ferro-silicon market turned bullish following the news that Inner Mongolia may conduct a round of production cuts due to its electricity limits, with many producers holding offers firm. Ningxia's production cuts, intended to meet the energy consumption dual control targets, al...Read More
Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More