Base metals prices, barring those for tin, on the Shanghai Futures Exchange were up during Asian morning trading on Monday January 21, with residual optimism over trade talks between China and the United States helping to offset some weak Chinese data earlier this morning.Market sentiment had turned more bullish late last week following news that the US was mulling the removal of tariffs on Chines...Read More
Global aluminium billet premiums were flat or lower on Friday January 18, with market participants citing ample availability of material and lackluster demand as the main reasons behind the moves.At the same time, participants were said to be holding back from concluding deals while they await further developments regarding the US sanctions against Russian producer UC Rusal. Premiums in Southern E...Read More
Major Russian steelmaker Severstal recorded a spike in its sales of hot-rolled coil (HRC) to the EU in 2018, achieved by redirecting volumes that would otherwise have gone to other outlets, the company said on Friday January 18.In 2018, Seversal sold to the EU 1.5 million tonnes of HRC, the company told Fastmarkets. That was a 305% increase over the 370,000 tonnes of HRC exported to the same regio...Read More
The European long steel markets have started 2019 in lethargic fashion, disappointing suppliers that were resolutely raising their offer prices just two months ago in anticipation of strong demand.In November, rebar producers were confident of better prices on higher raw material costs, a forecast of strong demand, and external factors such as critically low water levels in the Rhine river and its...Read More
The United Arab Emirates has increased the import duty imposed on rebar to 10%, from the previous 5%, Dubai Customs announced on Wednesday January 16. The duties became effective the following day.The HS codes of the products that now have 10% import duty are: 72131000, 72132000, 7213900, 72139900, 72141010, 72141020, 72141090, 72142010, 72142010, 72142020, 72142090, 72143010, 72143020, 72143090.M...Read More
Novolipetsk Steel (NLMK), Russia's largest steelmaker, increased the export sales volumes from its Russian assets in 2018 because of higher demand for steel slabs and pig iron, the company said on Friday January 18.NLMK exported 10.91 million tonnes of semi-finished and finished steel products from its flat and long steel divisions in 2018. This was an increase of 9.1% from the divisions' total ex...Read More
China's hot-rolled coil prices maintained their strength on Monday January 21, particularly those in the export market, amid a drop in supply coupled with an improvement in sentiment.DomesticEastern China (Shanghai): 3,660-3,680 yuan ($540-543) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, widening downward by 10 yuan per tonnePrices were largely stable natio...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 96,000 tonnes of 65%...Read More
Physical iron ore prices continued to advance on Monday January 21 after exceeding $75 per tonne cfr last Friday, following gains in the futures and rebar markets.MB 62% Fe Iron Ore Index: $75.90 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Pilbara Blend Fines Index: $76.74 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $77.14 per tonne cfr Qingdao, up $0....Read More
The seaborne coking coal market had a quiet start to the week, with many participants holding out for more transactions to emerge to set the tone for prices.Some 25,000 tonnes of a premium mid-vol product were traded at $193 per tonne fob Australia, market sources told Fastmarkets on Monday January 21. Chinese market participants are taking a break from procuring seaborne materials because "we are...Read More
The seaborne iron ore concentrate and pellet markets were little changed in the week ending Friday January 18, mainly due to limited buying activity in China.ConcentratesThe weekly MB 66% Fe Iron Ore Concentrate Index stood at $92.89 per tonne cfr China last Friday, up by $0.25 per tonne from January 11.The daily MB 65% Fe Iron Ore Index averaged $88.34 per tonne cfr China last week, compared with...Read More
China's ferrous futures largely declined during morning trading on Monday January 21 amid the release of industrial data by the National Bureau of Statistics (NBS). Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,644 yuan ($538) per tonne, down 9 yuan per tonneJanuary hot-rolled coil: 3,520 yuan per tonne, down 5 yuan per tonneDalian Commodity Exchange January iron...Read More
The upward momentum in China's rebar market strengthened on Monday January 21 with sellers being under less pressure to cut their inventories.Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($546-552) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,670-3,700 yuan per tonne, up 40 yuan per tonneRebar futures posted gradual increases over the last few days on positive macroeconomic...Read More
Key data from the pricing sessions in London and Shanghai on Friday January 18. Europe Grade 441and grade 553 silicon prices in Europe remained unchanged on thin inquiries and sufficient material availability. The market was quiet overall, reinforced by the week-long public holiday in China (February 4-10). Trading was slow during much of the week, with very little spot business conclu...Read More
The global antimony market traded lower in the week ended Friday January 18 with weak demand continuing to weigh on prices.In Europe, Fastmarkets' price assessment for trioxide-grade antimony, in-warehouse Rotterdam, moved down to $7,800-8,000 per tonne on Wednesday January 16 from the previous week's assessment of $7,900-8,100 per tonne and remained unchanged on Friday January 18. Meanwhile, the...Read More
Key data from the January 18 pricing session in Shanghai. Key drivers - Tight supply of magnesium in China's domestic market.- Growing expectations of coal shortage following an accident at a mine on January 12 in Shaanxi province, one of China's coal production hubs. The mine remains closed after the incident.- Tight...Read More
Encouraging...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s publishe...Read More
Prices limping higher rather than rallying ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
Aluminium On Friday January 18, the LME aluminium...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More