Fastmarkets summarizes five key points we learned from the 2018 International Chromium Development Association Conference in Baotou, China's Inner Mongolia Autonomous Region, over November 6-8. Spreads in chemical-grade chromite under the spotlight Market participants active in the chemical chromite sector are assessing the performance of spreads between 43-44% UG2 chemical grade and higher purity...Read More
Nickel-cobalt-manganese (NCM) 811 batteries are penetrating the electric vehicle (EV) battery market slowly, according to Wang Xiaoming, vice general manager for international sales and purchases at Beijing Easpring Material Technology Co.NCM 811 batteries, which have an 8:1:1 proportion of nickel, cobalt and manganese respectively, are among those striving to attain a dominant position in the EV...Read More
Automotive shredders in the United States have continued to adjust their scale buying prices two weeks after the November settlement with all but one rising, indicating there is no downside to shredded scrap in the near future.The price of shred increased $20 per gross ton in November with the price settling at $364 per gross ton in Alabama, $355 per ton in Chicago and $370 per ton in Pittsburgh.R...Read More
Emerging trends on the ferrous scrap futures exchange suggest limited upside potential for No1 busheling, with next month's settlement projected to inch up just $2.06 per gross ton from November and contract quotes declining from December 2018 to May 2019, according to the CME Group.Open interest on the contract is now 3,629 lots (72,580 gross tons) after another 32-lot trade was concluded on Frid...Read More
Turkish domestic scrap prices have softened over the past week with some mills reducing their buy prices because of high stock levels, sources said on Monday November 19.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,650-1,940 ($309-363) per tonne delivered on Monday, widening downward from last week's TRY1,800-1,940 per tonne.This change in the as...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 oreRio Tinto, Global Ore, 170,000 tonnes of 62% Fe Pilbara Blend fines, traded at $75.30 per tonne cfr China, laycan December 3-12.Vale, Global Ore, 170,000 tonnes of 62% Fe...Read More
Iron ore prices largely picked up on Monday November 19, apart from those for higher grades, leading to a further narrowing of the spread between 65% Fe and 62% Fe indices.MB 62% Fe Iron Ore Index: $76.11 per tonne cfr Qingdao, up $0.80 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $0.19 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.80 per tonne cfr Qingdao,...Read More
Trading activity in the seaborne coking coal market remained muted on Monday November 19 on end-user import restrictions, despite some participants expressing a bullish outlook on prices amid supply concerns and firm Chinese demand.There is talk in the market that the delivery date of shipments of a premium mid-vol hard coking coal will now be delayed by a month due to mining issues, at least thre...Read More
Limited demand and a muted spot market in China have led to the sixth consecutive monthly fall in iron ore pellet prices.The MB 65% Fe Iron Ore Pellet Index, published by Fastmarkets MB, was at $134.06 per tonne cfr China on Friday November 16, down by $8.49 per tonne from a week earlier.The fall in the MB 65% Fe Iron Ore Pellet index (MBIOI-PT) was based on the visible market activity detailed be...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday November 19 despite hawkish rhetoric on the US-China trade relations while a softer dollar index continues to support investment. Both zinc and tin futures appreciated around 0.6% this morning and remain well supported amid supply concerns and depleting LME stocks. In zinc, continued outflows a...Read More
Antimony prices edged up in China in the week ended Friday November 16 on rising production costs, while prices in Europe continued their downward trend on weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,200-51,000 yuan ($7,235-7,350) per tonne on Wednesday November 14, up 0.7% from 50,000-50,500 yuan per tonne a...Read More
Disappointment that United States/China trade talks are not making progress has once again dampened sentiment in the London Metal Exchange's three-month base metals prices to the extent there has been little follow through to the strength seen at the end of last week.Nickel has taken the brunt of the disappointment this morning, Monday November 19, and is showing a drop of 1.1% to $11,265 per tonn...Read More
Unwavering demand for refined copper, following China's ban of category 7 copper scrap imports, and tighter refined copper cathodes supply from overseas may lead to higher spot copper premiums cif Shanghai in the first half of 2019, Awin Resources' deputy general manager Danny Ju told Fastmarkets in a recent interview. The effect of several smelter disruptions in 2018 will be sustained into first...Read More
Still...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 published.Subs...Read More
Aluminium price remains under pressure as...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 The three-month LME aluminium price is consolidating...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...Read More
Solid rebound in copper prices... The...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...Read More
Lead price ripe to head...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...Read More
Price still probing lower as price correction extends...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
Tin underperforms its complex since November-start 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 lates...Read More