Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday October 22.Base metals prices on the Shanghai Futures Exchange saw limited movement during Asian morning trading on Monday, with only zinc seeing a significant change - falling 1.5% - after large deliveries of the metal entered SHFE sheds last week. Check Metal Bulletin's live futures r...Read More
Turkish domestic scrap prices have fallen over the past week because the country's lira continued to regain some of its former value, sources said on Monday October 22.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,770-1,940 ($313-343) per tonne delivered on Monday, compared with last week's TRY1,850-2,040 per tonne.The rise in the assessment came after som...Read More
Seaborne iron ore prices rose on Monday October 22 amid bullishness in the steel and ferrous futures markets.MB 62% Fe Iron Ore Index: $73.80 per tonne cfr Qingdao, up by $0.52 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.83 per tonne cfr Qingdao, up by $0.52 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79 per tonne cfr Qingdao, up by $1.32 per tonne.MB 58% Fe Premium Index: $62.26 per t...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, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Brazilian Blend fines,...Read More
Buying interest for premium low-vol hard coking coal remains robust, with three trades involving top-grade materials being concluded on Monday October 22.A December-laycan cargo fetched the highest price of $218.50 per tonne cfr China, while a November-laycan shipment and a January-laycan one were traded at $217.50 per tonne cfr and $213.50 per tonne cfr respectively, sources told Fastmarkets.A ca...Read More
Seaborne iron ore pellet prices have fallen - as was expected by market participants - while demand for pellet cargoes in China eased due to the looser restrictions imposed on steel mills for November.The MB 65% Fe Iron Ore Pellet Index, published by Fastmarkets MB, was at $155.63 per tonne cfr China on Friday October 19, down by $4.91 per tonne from a week earlier.The fall in the MB 65% Fe Iron O...Read More
Import prices for containerized scrap in Taiwan continued to dip last week on weak downstream demand while those in Vietnam rose on expectations of thinner supply.VietnamFastmarkets MB's import price assessment for heavy melting scrap (HMS) 1&2 (80:20) sold into Vietnam was $355-360 per tonne cfr for the week ended Friday October 19, up $5 per tonne from the preceding week.Steel mills submitted bi...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday October 22*Copper -$185.44 (-1,288.51 yuan)Aluminium -$461.51 (-3,206.74 yuan) Zinc -$107.33 (-745.79 yuan) Nickel $231.15 (1,606.11 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More
Hot-rolled coil prices picked up some gains in east China on Monday October 22, but market participants' outlook has become more bearish due to a possible increase in supply amid weak demand.DomesticEastern China (Shanghai): 4,210-4,220 yuan ($607-609) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 4,100-4,110 yuan per tonne, unchangedPrices in Shanghai picked up a bit on Monday follo...Read More
Key data from the pricing sessions in London and Shanghai on Friday October 19. China The Chinese grade 553 silicon export price rose against a backdrop of tight supply on the looming dry season from November to May when refineries in Sichuan and Yunnan province curb production as a result of a lack of cheap hydroelectric power. Stockpiling activity among both traders and downstream co...Read More
Global antimony prices were under pressure last week, falling both in China and Europe, following on from continued weak demand for the metal.Fastmarkets MB assessed standard grade-II antimony prices, in-warehouse Rotterdam, at $8,150-8,450 per tonne on Friday October 19, stable from Wednesday, when prices had fallen from $8,400-8,600 per tonne.The trioxide grade price was also steady at $8,150-8,...Read More
Secondary aluminium market participants from around the world will be heading to Amsterdam from November 6-8 to attend Fastmarkets MB's 26th Secondary Aluminium Conference for insight on the 2019 market and to negotiate annual deals.The conference comes at a time where macroeconomic issues have had massive influence on global aluminium markets. Participants are determining how the United States' s...Read More
More...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.Subsc...Read More
Firm dollar and equity sell-off hit...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 so...Read More
Aluminium LME aluminium prices continue to test...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 l...Read More
Week in review: Down last week... 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 a...Read More
Lead prices drop back into...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
Smaller deficit reported for August feels more realistic...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 t...Read More
Week in review The LME 3M...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
U.S. equity index futures were lower this morning. S&P 500 Index dropped 38 points in pre-opening trade. Futures responded to a fall in European and Asian equity indices.United Technologies dropped $0.50 to $125.90 despite after reporting higher than consensus third quarter sales and earnings. The company also raised guidance.MMM fell $13.36 to $188.00 after reporting lower than consensus thir...Read More