The ammonium paratungstate (APT) market was subdued in the week ended Friday November 30 while the ferro-tungsten price in Europe nudged lower. APT prices in China and Europe stable amid slow trades Concentrates market quiet Ferro-tungsten price in Europe edges down; Chinese prices unchanged In Europe, Fastmarkets assessed the free market ammonium paratungstate price at $275-295 pe...Read More
Chile's state-owned copper producer Codelco has reached an agreement with workers from its Ministro Hales division for wage raises, the company stated on Saturday December 1.The miner has now concluded labor agreements with almost all of its workers, it added, after announcing last week that more than 90% of its employees were under new contracts.Ministro Hales was the fifth-largest mining operati...Read More
The Chinese ferro-silicon market has added to recent price increases amid persistent demand from steel mills in the week ended Friday November 30, while in Europe prices are under pressure after reports of new deals, with long-term delivery negotiations in focus. China builds on price gains while steel mills buy for 2019 smelting schedules European market drops, awaits first-quarter settlements US...Read More
Antimony prices continued their downward trend in both Chinese and European markets in the week ended November 30 amid continuing weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 49,500-50,000 yuan ($7,121-7,193) per tonne on Wednesday November 28, down from 50,000-50,500 yuan per tonne the previous week amid continui...Read More
The Turkish steel producers have started another working week without any deep-sea bookings due to the uncertainty in the market and sluggish demand for finished steel goods, sources said on Monday December 3.A number of market participants reported various offers and bids at the beginning of the week, but no transactions were completed, Fastmarkets was told.Some sources said that offers from supp...Read More
Turkish domestic steel scrap prices have continued to weaken in line with the falling prices for steel and imported scrap over the past week, sources said on Monday December 3.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,590-1,780 ($304-340) per tonne delivered on Monday, down from TRY1,650-1,850 per tonne on November 26.Steel producers and a maj...Read More
Comex copper prices recovered Monday morning in the US, after Chinese and US leaders decided to freeze additional tariffs for 90 days over the weekend at the G20 summit.The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped 5.40 cents to $2.8415 per lb. A temporary detente is positive for the metals markets because the ongoing uncertainty betwee...Read More
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%. The LME zinc price gained 1%, while copper was up 1.9% and recently quoted at $6,314 per tonne. Volume across the complex has, not surprisingly, been strong with 14,686 lots traded as at 6:53am London time. The precious met...Read More
Export prices for flat steel products from the Commonwealth of Independent States continued to decrease in the week ended Monday December 3 under pressure from weak global demand.The rebound seen in the Chinese domestic hot-rolled coil (HRC) price on Monday may support the global market, however.Fastmarkets' weekly price assessment for CIS-origin exports of HRC was $460-475 per tonne fob Black Sea...Read More
Chinese hot-rolled coil prices surged on Monday December 3 after the United States and China agreed to a truce to their trade war over the weekend, although there are doubts about the sustainability of the uptrend due to weak demand.DomesticEastern China (Shanghai): 3,690-3,730 yuan ($530-536) per tonne, up 100-120 yuan per tonneNorthern China (Tianjin): 3,620-3,650 yuan per tonne, up 150-170 yuan...Read More
China's ferrous futures continued to experience a weak first half of the day, with contracts slumping across the board during morning trading on Monday December 3 despite news of a 90-day reprieve for trade tariffs between the country and the United States.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,327 yuan ($465) per tonne, down 99 yuan per tonneMay hot-rolled...Read More
US domestic merchant bar prices remain flat due to steady market conditions, along with import prices, even though sales and purchases of material from Mexico and Taiwan have been reported in the US South and Southwest. But a rise could loom for January, sources said.Fastmarkets AMM assessed domestic 2- x 2- x 1/4-in angle merchant bar at $38.05 per hundredweight ($761 per short ton) fob mill ...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: wire rodWire rodRussia, export, wire rod, traded at $508-509...Read More
Import prices for rebar in Singapore softened further over the past week with the supply of Chinese products remaining ample.Fastmarkets MB's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $500 per tonne cfr for the week to Monday December 3, down $10-20 per tonne from $510-520 per tonne cfr a week ear...Read More
The Turkish steel producers have started another working week without any deep-sea bookings due to the uncertainty in the market and sluggish demand for finished steel goods, sources said on Monday December 3.A number of market participants reported various offers and bids at the beginning of the week, but no transactions were completed, Fastmarkets was told.Some sources said that offers from supp...Read More
The new 65% Fe iron ore derivatives launched by the Singapore Exchange (SGX) have registered 150,000 tonnes of cleared trades on their first day of trading, the exchange said on Monday December 3. Launched in response to calls for more efficient risk-management tools in the steelmaking raw materials market, and settled against the daily MB 65% Fe Iron Ore Index published by Fastmarkets MB, the SGX...Read More
Turkish domestic steel scrap prices have continued to weaken in line with the falling prices for steel and imported scrap over the past week, sources said on Monday December 3.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,590-1,780 ($304-340) per tonne delivered on Monday, down from TRY1,650-1,850 per tonne on November 26.Steel producers and a maj...Read More
Buying activity in most of the export outlets for CIS billet remained quiet at the beginning of December, with customers still getting over the shock caused by the sharp drop in Chinese billet prices last week.Besides that, customers in Egypt, one of the major outlets for CIS billet, were cautious because of the possible introduction by the Middle Eastern country of safeguard measures against stee...Read More
Chinese rebar prices bounced back in a big way on Monday December 3 after a 90-day truce was agreed in the tit-for-tat trade war between China and the United States.Domestic Eastern China (Shanghai): 3,960-4,000 yuan ($569-575) per tonne, up 160-170 yuan per tonneNorthern China (Beijing): 3,720-3,750 yuan per tonne, up 200 yuan per tonneAn agreement between the leaders of the world's two largest e...Read More
The Chinese ferro-silicon market has added to recent price increases amid persistent demand from steel mills in the week ended Friday November 30, while in Europe prices are under pressure after reports of new deals, with long-term delivery negotiations in focus. China builds on price gains while steel mills buy for 2019 smelting schedules European market drops, awaits first-quarter settlements US...Read More