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 alloy grade, in-whs Rotterdam, $/lbtrade 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 alloy grade, in-whs...Read More
The domestic markets for hot-rolled coil across Europe were seasonally quiet on Thursday August 5, with prices holding stable, Fastmarkets heard.European buyers have replenished their HRC stocks and were largely holding back from trading while evaluating the market situation. Regular trading activity was expected to revive toward September, following the traditional market activity cycle in Europe...Read More
US hot-rolled coil import prices dropped in Fastmarkets' latest assessment, while prices for imported cold-rolled coil and galvanized sheet simultaneously climbed to record highs. "It seems that every country wants to sell to the US right now," an East Coast trading source said. "Of course the Turks, but also Vietnam, Indonesia, Malaysia, etc. Furthermore, a few of these countries have material fo...Read More
Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be no surprise that the industry is fiercely against such a move.Amid discussions of personal and corporate tax reform in Brazil's lower house of Congress, there was a possibility of higher taxes being imposed on t...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Thursday August 5, and those on the Shanghai Futures Exchange were mainly weaker.Generally, LME base metals seem to be boxed in between scale-up selling when prices are near the highs and dip-buying into pullbacks. This is perhaps not surprising given that we are in the middle of the summer lull.Shanghai base metals are gener...Read More
Cobalt hydroxide prices rose recently despite weakness in downstream salt prices in the domestic Chinese market, as ongoing disruptions and delays at port operations in South Africa have prompted sellers to keep their offers firm and take advantage of spot sales where buyers need prompt availability.Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China was 88-92...Read More
Domestic prices for hot-dipped galvanized coil were fairly stable in Northern Europe in the week to Wednesday August 5 despite falling import offers, sources have told Fastmarkets.In Southern Europe, however, prices declined due to seasonally weaker demand, cheaper import offers and increased availability, according to market participants.Northern EuropeFastmarkets' weekly price assessment for ste...Read More
Bangladeshi steelmakers have showed only limited interest in buying imports of steel scrap over the last week amid a continuing strict lockdown in the country, sources said on Thursday August 5.The country's strict Covid-19 lockdown was extended until Tuesday August 10, government officials announced on August 3. A feature of this latest lockdown is that most heavy industry such as steel productio...Read More
(Updates prices) LONDON, Aug 5 (Reuters) - A bullish mood on U.S. marketspushed copper slightly higher on Thursday, ending a four-daylosing run triggered by concerns over the demand outlook fromtop consumer China.Benchmark copper on the London Metal Exchange (LME)was up 0.3% at $9,492.50 a tonne at 1600 GMT.The metal used in power and construction, which is expectedto benefit from a global move fr...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4Please click...Read More
The United States copper premium continued to rise in the week to Wednesday August 4 and the Shanghai copper premium also rose due to a high import appetite despite arbitrage losses, sources told Fastmarkets.US copper premium range widens upwardFastmarkets adjusted its copper grade 1 cathode premium, ddp Midwest US to 8-9 cents per lb, the highest assessment in over a decade. This reflects a...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More
Brazilian exports of alumina totaled 743,794 tonnes in July 2021, a 2.55% year-on-year increase from 725,315 tonnes, with the figure boosted by increased shipments from Norsk Hydro, according to data published by the country's economy ministry on Wednesday August 4.According to the data, 412,144 tonnes of alumina were exported via the port of Bel?(C)m in the northern state of Par??, a 25.45% jump...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday August 4.Key drivers Prices for titanium alloy and scrap were steady across the grades assessed by Fastmarkets oviner the week to Wednesday August 4, with buying interest for alloy reported into the last quarter of the year, and scrap suppliers holding their offer prices steady, sources said. Deals were reported within existing rang...Read More
Chilean copper production rose year on year by 2.32% in June 2021, spearheaded by an output increase by state-owned miner Codelco, national copper commission Cochilco said on Tuesday August 3.Chile produced 477,300 tonnes of copper during June, up from 466,500 tonnes a year before. But the volume was 2.03% lower than the 487,200 tonnes produced in May this year.June's output brought first-half cop...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
A rebound in Chinese ferrous futures prices on Wednesday August 4 has led to increased interest in booking seaborne steel billet cargoes in China, sources told Fastmarkets.Sharp drops in ferrous futures on both Monday and Tuesday sapped sentiment from the Chinese market, with buyer indications heard as low as $660 per tonne cfr China for 3sp billet on Tuesday.This was down sharply from the la...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda...Read More