An overview of the aerospace materials markets and the latest price moves.Jessica Long, Ruby Liu and Carrie...Read More
Seaborne coking coal prices maintained their upward trend in the cfr China market following a strong domestic coking coal market and prices inched higher in the fob market on Friday August 20 amid necessary restocking demand.Prices for seaborne pulverized coal injection (PCI) increased in both the cfr China and fob Australia markets in the week to August 20 due to supply tightness in both markets,...Read More
Prices of imported scrap in Turkey continued to weaken amid limited finished steel trade in the week to August 20, while buyers in Asia resisted higher offers. Turkish steel mills book more scrap for September shipments at decreasing prices The United States scrap export market reports further price decrease with a fresh cargo sale to Turkey Buyers in Vietnam resist higher offers for bulk cargoes...Read More
Global aluminium prices and premiums have been on a near-vertical uptrend, touching record highs along the way, with consumers of aluminium in various sectors finding ways to absorb and pass on the increasing costs.Managing high raw material costs has become a key theme in quarterly earnings reports and in conference calls for manufacturing companies throughout the summer months of 2021. Despite h...Read More
Sentiment in the European hot-rolled coil market turned negative this week due to the downtrend in the global market, falling feedstock prices and competitive import offers, sources told Fastmarkets on Friday August 20.The post-summer outlook for buyers was largely downbeat, sources said, with HRC prices around the world following this week's sharp decline in iron ore prices."Sentiment [in th...Read More
Sentiment in the European hot-rolled coil market turned negative this week due to the downtrend in the global market, falling feedstock prices and competitive import offers, sources told Fastmarkets on Friday August 20.The post-summer outlook for buyers was largely downbeat, sources said, with HRC prices around the world following this week's sharp decline in iron ore prices."Sentiment [in th...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More
Ferrous scrap buyers in Vietnam resisted higher offers for bulk cargoes from the United States in the week to Friday August 20 amid poor downstream demand, sources told Fastmarkets.This is due to a worsening Covid-19 situation in Vietnam, especially in its business hub Ho Chi Minh City. The country will further extend its lockdown to September 15 amid surging Covid-19 infections. The city was the...Read More
Prices for cold-rolled and galvanized steel sheet in the United States strengthened after more domestic mills notified customers that maintenance outages will reduce output in the coming months. Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US climbed to $107.50 per hundredweight ($2,150 per short ton) on Thursday August 19 from $107 per cwt on Thursday August 12. The a...Read More
Coated steel coil prices decreased in Turkey during the week to Friday August 20 because of low levels of demand, sources have told Fastmarkets.Buyers wanted to see which direction global prices would move before placing orders, they said.Many export market participants were on holiday, so demand for exports was low during the week.Domestic pricesFastmarkets' weekly price assessment for steel hot-...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
Many Chinese alumina buyers are currently steering clear of purchasing seaborne alumina due to persistent congestion at several Chinese ports, sources told Fastmarkets on Thursday August 19.Fastmarkets' benchmark alumina index, fob Australia stood at $301.61 per tonne on August 19, little changed from the Wednesday's calculation. The index has been at around $300 per tonne since July 23 due to a l...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, in-whs Rotterdam,...Read More
The light iron scrap market in the United Kingdom was stable over the week to Friday August 20 while scrap processors held their offer prices to ensure a steady flow of material into their yards, sources told Fastmarkets.UK export prices were also relatively stable despite quieter trade due to the seasonal slowdown, cementing support for domestic British prices. The export market accounts for more...Read More
Most base metal stocks in Shanghai Futures Exchange (SHFE) warehouses declined this week, with nickel falling the most in percentage terms and zinc increasing the most at 10%, according to the stocks report on Friday August 20.Nickel inventories stood at 5,344 tonnes on August 20, a decrease of 1,071 tonnes from 6,415 tonnes one week earlier.The inflows mainly came into warehouses operated by SIPG...Read More
A combination of low liquidity, supply constraints that were said to be easing, and a rushed exit from long positions took the three-month price of tin on the London Metal Exchange down by 11% on Thursday August 19, despite its recent and seemingly unstoppable rise. Where will it go from here?Prior to the fall on Thursday, tin's benchmark futures price had reached an all-time high of $35,955 per t...Read More
Russian steelmaker Metalloinvest and another, unnamed, non-European steel company, are in discussions about acquiring Hungarian flat steel producer Dunaferr, market sources told Fastmarkets this week.The Hungarian steelmaker's owners have been in negotiations with both parties and a decision is imminent, sources said, because Dunaferr is about to go through the liquidation process. Metalloinv...Read More
Commodity trading company Traxys has expanded its metal concentrates business with the appointment of a team that previously handled tin, tungsten, tantalum and niobium concentrates trading for commodity trading Noble Group.Theteam will be headed by Ioannis Kallinikos, previously head of industrial minerals and metals at Noble Group for more than six years. From 2010 to 2014, he was general manage...Read More
The premium on copper cathodes imported into China shot up on Thursday August 19 to its highest level since May 2020, buoyed by the opening of an arbitrage window between London and Shanghai.Fastmarkets assessed the benchmark copper grade A cathode premium, cif Shanghai, at $75-100 per tonne on Thursday, up by $10-20 per tonne from $65-80 per tonne on Wednesday, and the highest since late May last...Read More
Russian steelmaker Metalloinvest and another, unnamed, non-European steel company, are in discussions about acquiring Hungarian flat steel producer Dunaferr, market sources told Fastmarkets this week.The Hungarian steelmaker's owners have been in negotiations with both parties and a decision is imminent, sources said, because Dunaferr is about to go through the liquidation process. Metalloinv...Read More