The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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.Read More
Spot prices for hot-rolled coil in China's domestic market rose on Friday September 3 after supply concerns emerged following a series of mill announcements of maintenance plans for September, the traditional high season, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,760-5,800 yuan ($892-898) per tonne, up by 90-110 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,720-5...Read More
Coated steel coil prices in Turkey continued to decline during the week to Friday September 3 on persistently slow demand and weaker hot-rolled coil prices, sources told Fastmarkets.Fastmarkets assessed steel hot-rolled coil, domestic, exw Turkey at $950-990 per tonne on Friday, narrowing downward by $10 from $950-1,000 per tonne last week.Domestic pricesFastmarkets' weekly price assessment for st...Read More
Spot differentials for low-carbon aluminium value-added products (VAP) in Europe moved higher in August, but most market participants remain focused on 2022 deals.Fastmarkets assessed the aluminium low-carbon differential value-added product (VAP), Europe at $15-25 per tonne Friday September 3, up from $10-20 per tonne on August 6. Spot deals were reported at $20 per tonne for aluminium billet and...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Prices of aluminium scrap in the United States were largely unchanged week on week amid sluggish business activity heading into the long Labor Day holiday weekend.Trade sources reported relatively healthy supply flows of most grades, while demand continues to be hobbled by labor shortages and disruptions to automotive production due to a lingering silicon chip shortage. "Everything is status...Read More
Domestic prices for alloy steel scrap in the UK increased in the week to Friday September 3 due to good demand combined with tight supply, sources have told Fastmarkets.UK sellers of alloy scrap have been benefiting from both good domestic demand and strong demand and higher prices in India and the EU. As a result, UK buyers...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
Here are five Fastmarkets stories you might have missed on Thursday September 2 that are worth another look.The anticipated agreement between the European Union and the United States on Section 232 tariffs would boost flat-steel export sales to the US and, consequently, reduce domestic EU availability, triggering a price rise in Europe, European...Read More
Spot prices for Japanese exported scrap slid this week, reflecting weak demand from overseas buyers, market sources told Fastmarkets.But the end of the summer maintenance season at many domestic mills is set to shore up demand and spot prices in the coming weeks.Demand from key overseas market such as Vietnam and Taiwan remained very weak due to the Covid-19 pandemic in the former and cheaper cont...Read More
Containerized scrap buyers in Taiwan maintained their bids for the material on Thursday September 2 after deals to South Korea were concluded at lower prices this week, sources said.Lower cfr South Korea deals weigh on Taiwan pricesProduction cuts pose uncertainties to scrap demand in ChinaTaiwanTaiwanese buyers maintained bids at $445 per tonne cfr today, reluctant to increase them further after...Read More
China's cobalt tetroxide prices drifted lower in the week to Wednesday September 1, due to weak demand from battery producers, while cobalt sulfate prices remained rangebound, with producers rejecting lower bids.Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China fell to 275,000-285,000 yuan ($42,562-44,110) per tonne on September 1, down from 282,000-292,000 yuan per...Read More
Deep-sea steel scrap prices are expected to drop in upcoming bookings to Turkey, in line with falling finished steel prices in the country, market participants said on Thursday September 2.Sources said that suppliers in the United States were not currently offering material to Turkey because US domestic pricing negotiations remained unfinished. While a price drop is expected by some market partici...Read More
Non-binding offers have been made for the purchase of Glencore's warehousing and logistics firm, Access World, with the official due diligence process now underway, according to sources familiar with the matter.At least three Asia-based bidders are in the final stages of the process, which will require firm offers to be submitted at the end of the month, sources told Fastmarkets.A number of compan...Read More
Bauxite refining and alumina production will resume at New Day Aluminum's facility in Gramercy, Louisiana, in the United States, after operations were halted due to Hurricane Ida, major shareholder Concord Resources said on Thursday September 2.The Gramercy facility is the only remaining alumina refinery in the US."Alumina production at Gramercy went into a planned curtailment on Sunday morning as...Read More
The European hot-rolled coil market remained in "wait-and-see" mode on Thursday September 2, with mills continuing to reject buyers' lower bids, sources told Fastmarkets.Order books for the majority of EU mills are filled until the first quarter of 2022. As a result, they are keeping official offers unchanged from levels in June - before the market entered its traditional summer slowdown. Some mar...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 2 that are worth another look.The anticipated agreement between the European Union and the United States on Section 232 tariffs would boost flat-steel export sales to the US and, consequently, reduce domestic EU availability, triggering a price rise in Europe, European...Read More
China's cobalt tetroxide prices drifted lower in the week to Wednesday September 1, due to weak demand from battery producers, while cobalt sulfate prices remained rangebound, with producers rejecting lower bids.Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China fell to 275,000-285,000 yuan ($42,562-44,110) per tonne on September 1, down from 282,000-292,000 yuan per...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 2 that are worth another look.The anticipated agreement between the European Union and the United States on Section 232 tariffs would boost flat-steel export sales to the US and, consequently, reduce domestic EU availability, triggering a price rise in Europe, European...Read More
The anticipated agreement between the European Union and the United States on Section 232 tariffs would boost flat-steel export sales to the US and, consequently, reduce domestic EU availability, triggering a price rise in Europe, European buyers told Fastmarkets.The US and EU will reach an agreement on the exemption from Section 232 of European imports of steel and aluminium by November 1. The US...Read More