The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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.Fastmarkets assessed Cobalt hydroxide p...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb 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.Fastmarkets assessed Cobalt standard grade,...Read More
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.Fastmarkets assessed Cobalt sulfate...Read More
The US Department of Commerce has set final anti-dumping duties on imports of stainless steel flanges from India following an administrative review, according to a Federal Register notice set to be published on Thursday August 26.The agency set the anti-dumping duty rate for all Indian exports of stainless steel flanges to the United States at 145.25%, unchanged from the preliminary margin set in...Read More
Trading remained thin in China's steel plate export market in the week to Tuesday August 24 due to the resurgence of Covid-19 cases, uncompetitive offer prices and uncertainty surrounding China's export tax.Fastmarkets' price assessment for October-shipment steel heavy plate export, fob China main port was $915-925 per tonne on Tuesday, down by $20-25 per tonne from a week earlier.Yingkou Medium P...Read More
Tsingshan Group has lowered its tender price for September-delivery ferro-chrome to 9,995 yuan ($1,543) per tonne, the Chinese stainless steelmaker said on Wednesday August 25.The tender price is 800 yuan per tonne (7.41%) lower than what the eastern Chinese mill - the country's largest ferro-chrome buyer - had sought for August-delivery material.While lower than the previous month's 13-year high,...Read More
Prices for containerized steel scrap imported into Taiwan remained flat on Wednesday August 25, but sources said the outlook in the market was shaky for the coming month.Taiwan buys containerized scrap at $440 per tonne in recent dealsWide bid-offer gap cfr China scrap persistsDeal at lower price heard for shredded scrap to IndiaTaiwanThere were transactions concluded at $440 per tonne cfr Taiwan...Read More
Slower spot activity prevented any changes to the US Midwest aluminium premium although deals were still concluded at high end of Fastmarkets' assessment range on Tuesday August 24.While a lack of market liquidity combined with slow demand kept European and Asian premiums static, Brazilian premiums rose slightly thanks to higher offers.US Midwest market flat after reaching record highPremiums in E...Read More
Participants in the seaborne alumina market have an increasingly bullish outlook for prices amid operational disruptions at the Jamalco refinery in Jamaica following a fire on Sunday August 22.The fire started at refinery's separate powerhouse, which produces the energy needed for the refining of alumina at the plant.Though a full assessment of the damage has yet to emerge, market participants are...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade.U.S. index futures were quiet prior to release of next estimate of second quarter annualized GDP at 8:30 AM EDT. Consensus is that the U.S. economy grew at a 6.6% rate versus a 6.5% rate in the first quarter. Salesforce.com advanced $6.78 to $267.63 after the company reported higher than...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 24 that are worth another look....Read More
Aluminium's three-month price on the London Metal Exchange, backed by a constrained physical market, was just $5.50 per tonne short of its latest year-to-date high on Tuesday August 24, with nickel and zinc also climbing back above key psychological levels while most commodities and equities ticked upward.Aluminium's futures contract showed an intraday high of $2,636.50 per tonne on Tuesday, just...Read More
As the world's media spotlight falls on Afghanistan, Fastmarkets looks at why reported claims of incoming Chinese mining deals are unlikely to be fulfilled soon.Mes Aynak, Afghanistan's most well-known copper project, means "small copper deposit" in Pashto. Indications suggest it is anything but.The deposit holds 240 million tonnes of 2.3% grade copper ore, according to the United States Geologica...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday August 24, and their latest price moves.ChinaThe UG2 chrome ore market was inactive; most participants waited for the release of September ferro-chrome tender prices from major stainless steel mills. Although ore consumption ramped up following improved power supply in Inner Mongolia, many smelters sti...Read More
As the world's media spotlight falls on Afghanistan, Fastmarkets looks at why reported claims of incoming Chinese mining deals are unlikely to be fulfilled soon.Mes Aynak, Afghanistan's most well-known copper project, means "small copper deposit" in Pashto. Indications suggest it is anything but.The deposit holds 240 million tonnes of 2.3% grade copper ore, according to the United States Geologica...Read More
A summary of China's base metals imports for July 2021, according to Chinese customs data released on Friday August 20.Copper ore and concentrateJuly total: 1.89 tonnes, up by 12.9% month on month, up by 5.1% year on yearYear to date: 13.39 million tonnes, down by 10% year on yearRefined copperJuly total: 270,054 tonnes, down by 2.6% month on month, down by 52.5% year on yearYear to date: 2.07 mil...Read More
Turkish steel mills continued to stay away from the deep-sea scrap import markets for the second working day of the week amid limited finished steel sales, market participants told Fastmarkets on Tuesday August 24.The most recent deep-sea trade was reported at the end of the week to August 20, when a steel mill in the Iskenderun region booked a United States cargo composed of 20,000 tonnes of HMS...Read More
A summary of the financial and performance results for China Molybdenum for the first half of 2021, published on Monday August 23.In briefRevenue from the company's mining and processing business totaled 84.82 billion yuan ($13.07 billion) in the first half of 2021, up by 81.45% year-on-year. Net profit was 2.41 billion...Read More
A summary of the financial and performance results for China Molybdenum for the first half of 2021, published on Monday August 23.In briefRevenue from the company's mining and processing business totaled 84.82 billion yuan ($13.07 billion) in the first half of 2021, up by 81.45% year-on-year. Net profit was 2.41 billion...Read More
Domestic prices for hot-rolled coil were fairly stable in Northern Europe and Italy on Tuesday August 24 with both buyers and sellers holding back from trading activity, sources told Fastmarkets.Buyers started to return to the market this week after a slow period earlier in August, but no deals have been heard yet because the buyers wanted to assess the market trend first.They believed that the de...Read More