Base Metal Stock Articles

STEEL SCRAP WRAP: Markets remain subdued, trading limited

July 24, 2021 / Staff reporter

Global scrap prices remained broadly stable over the week to Friday July 23; trading remains subdued due to public holidays and a resurgence of Covid-19.Turkish mills remain silent on public holidayUnited States export market apprehensive of downward correctionChinese prices improve on rising demandVietnam market flat on lack of interestTaiwanese scrap prices impacted by Covid-19 related lockdownI...Read More

Henan floods cause disruption in China alumina market

July 24, 2021 / Staff reporter

China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.Fastmarkets' weekly price assessment for alumina metallurgical grade, exw China was 2,425-2,560 yuan ($375-397) per tonne on Thursday July 22, widening upward by 60 yuan per tonne from 2,425-2,500 yuan per tonne one week earlier, after offe...Read More

Henan flooding disrupts transport networks but ali, lead, zinc and copper output largely unscathed

July 24, 2021 / Staff reporter

The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.Henan, one of China's most populous provinces, is a major production hub for base metals including lead, zinc, copper and nickel. Some regions of the province, inclu...Read More

COPPER CONCS SNAPSHOT: Smelters well-supplied; fewer miners' offers on spot

July 24, 2021 / Staff reporter

Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More

EUROPE HRC: Prices flatten in slow market

July 24, 2021 / Staff reporter

Trading activity in the hot-rolled coil markets across Europe was still limited on Friday July 23, with prices broadly stable despite gaining strength from short supply, Fastmarkets has heard.Firm offers were still scarce in the Northern European HRC market, sources said.Mills in the region had good order books and could only offer fourth-quarter production HRC, with some of them claiming to be so...Read More

COPPER CONCS SNAPSHOT: Smelters well-supplied; fewer miners' offers on spot

July 24, 2021 / Staff reporter

Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More

NEW ENERGY MATERIALS MARKET REPORT 23/07: Domestic China battery-grade lithium prices up on consumers' restocking

July 24, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

LIVE FUTURES 23/07: LME base metals end week higher; nickel up 2.3%

July 24, 2021 / Staff reporter

Base metals prices on the London Metal Exchange were mostly higher at the close on Friday July 23, with nickel up 2.3%.Nickel traded in a wide range between $18,830 and $19,410 per tonne on Friday. The three-month contract closed at $19,372 per tonne, up from $18,922 per tonne on Thursday. Traded volumes were relatively low however, with just over 6,700 lots traded by the 5pm close."This has been...Read More

GLOBAL FERRO-SILICON SNAPSHOT: US market continues climb on supply shortages

July 24, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in the United States, China and Europe for the week ended Friday July 23.China The in-warehouse China ferro-silicon price went up following the news that a major producer in Inner Mongolia will issue a production cut due to the electricity controls in summer; in addition, Ningxia will start a series of electricity controls to limit production. Spot avail...Read More

NEW ENERGY MATERIALS MARKET REPORT 23/07: Domestic China battery-grade lithium prices up on consumers' restocking

July 24, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

Henan flooding disrupts transport networks but ali, lead, zinc and copper output largely unscathed

July 24, 2021 / Staff reporter

The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.Henan, one of China's most populous provinces, is a major production hub for base metals including lead, zinc, copper and nickel. Some regions of the province, inclu...Read More

COPPER CONCS SNAPSHOT: Smelters well-supplied; fewer miners' offers on spot

July 24, 2021 / Staff reporter

Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More

NEW ENERGY MATERIALS MARKET REPORT 23/07: Domestic China battery-grade lithium prices up on consumers' restocking

July 24, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

South American coil import prices up despite market slowdown

July 24, 2021 / Staff reporter

Import prices for flat steel in South American markets edged up for most grades due to higher offers from Chinese producers, while some participants reported a slowdown in the market.Offers of hot-rolled coil and cold-rolled coil rose at least by $20-30 per tonne on lower material availability, sources said.Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South Americ...Read More

CIS PIG IRON: Market down on low demand among steelmakers

July 24, 2021 / Staff reporter

Export prices for pig iron from the Commonwealth of Independent States went down during the week to Thursday July 22 on low demand. Steelmakers were not active in the market, with only small-volume sales being made to distributors and foundries.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS, at $595-610 per tonne on July 22, down from $600-620 per...Read More

China steel billet import prices continue to climb in fresh deals

July 24, 2021 / Staff reporter

A barrage of import steel billet deals have been concluded with Chinese buyers this week at progressively higher prices, sources told Fastmarkets on Friday July 23.Demand for imported billet has spiked at mills in China amid targets which would push down steel production in the country over the second half of 2021.Chinese steelmakers can use import billet to roll long steel products while simultan...Read More

Henan floods cause disruption in China alumina market

July 24, 2021 / Staff reporter

China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.Fastmarkets' weekly price assessment for alumina metallurgical grade, exw China was 2,425-2,560 yuan ($375-397) per tonne on Thursday July 22, widening upward by 60 yuan per tonne from 2,425-2,500 yuan per tonne one week earlier, after offe...Read More

DAILY STEEL SCRAP: Market ends week in silence

July 24, 2021 / Staff reporter

Turkish steel mills remained absent from the market on Friday July 23 having booked no new scrap cargoes this week due to the Eid al-Adha public holidays in the country.Trading is expected to resume on Monday July 26.Due to the lack of fresh trading activity, Fastmarkets' daily...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 23/07: Niobium corrects downward amid buyer resistance to offers

July 24, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies and...Read More

STEEL SCRAP WRAP: Seasonal slowdown sends down prices in major markets [CORRECTED]

July 24, 2021 / Staff reporter

The Turkish steel mills continued to limit their deep-sea scrap bookings in the week ended Friday July 16 due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.Turkish mills restrict deep-sea purchases to put downward pressure on pricesSummer slowdown hits US export marketCovid-19 pandemic shuts down local long steel and scrap mar...Read More

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