Seaborne coking coal prices stayed large stable in both the cfr and fob market on Wednesday July 21 because buying interest is weak facing the elevated offers, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $211.08 per tonne, down $0.19 per tonnePremium hard coking coal, cfr Jingtang: $309.31 per tonne, up $0.20 per tonne Hard coking coal, fob DBCT: $178.42 pe...Read More
BHP produced 41 million tonnes of metallurgical coal at its Queensland operations in Australia in its 2021 financial year ended June 30, according to its latest production report published on Tuesday July 20.The total is down by 1% year on year and within its guidance of 39-41 million tonnes. The miner said it produced 11.82 million tonnes of the steelmaking raw material in the April-June period,...Read More
China's domestic hot-rolled coil prices largely softened on Wednesday July 21 amid a fluctuating futures market, with participants weighing the possible effects of expected production cuts against an ongoing summer lull. DomesticEastern China (Shanghai): 5,860-5,880 yuan ($905-908) per tonne, narrowing by 10-50 yuan per tonne from 5,850-5,930 yuan per tonneThe most-traded October HRC contract ende...Read More
China's domestic rebar prices picked up slightly on Wednesday July 21 following major mills raising ex works prices.DomesticEastern China (Shanghai): 5,230-5,250 yuan ($808-811) per tonne, up by 10 yuan per tonneEastern China major rebar producer, Shagang, raised their ex works price by 250 yuan per tonne to 5,550 yuan...Read More
Base metal futures dipped in morning trading on the London Metal Exchange on Wednesday July 21, as markets globally took pause after a whipsaw start to the week.Nickel three-month futures led the pack down, dropping 1.31% against Tuesday's 5pm close to $18,420 per tonne.Three-month zinc was the second-biggest faller, down 0.83% at $2,938 per tonne.Overall volume was muted, with copper three-month...Read More
Global zinc premiums remained steady in the week to Tuesday July 20, while United States lead premiums surged on tight supply, sources told Fastmarkets.Northern European premiums stable despite demand concernFloods in Europe discourage local downstream consumers and US lead supplyUS lead up again on supply shortage, zinc holdsChinese market quiet during renewed power cut policy in YunnanUS lead pr...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Declan...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday July 21.Key drivers The ferro-titanium price range widened higher in the week to July 21 on new deals against renewed demand from buyers ahead of new export duties from Russia which begin on August 31. The major consumers in the steel sector, however, have yet to emerge for longer term contracted deliveries and one steelmaker said t...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...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.Read More
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...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....Read More
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide index, via an open consultation process between June 16 and July 13. This consultation was done as part of our published annual methodology review process.No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.This consultation sou...Read More
Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, jumped by 17.3% to 10,000-10,300 yuan ($1,541-1,587) per tonne on Tuesday, from 8,500-8,800 yuan per tonne one week earlier, and was now at its highest...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Whirlpool dropped $3.00 to $214.25 despite reporting higher than consensus second quarter revenues and earnings. The company also offered positive guidance. Texas Instruments fell $7.35 to $186.89 despite reporting higher than consensus second quarter revenues and earnings. However, the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 20 that are worth another look,Shipments and distribution of steel in Germany have been disrupted by the recent flooding in the country, pushing flat steel producer Thyssenkrupp to declare force majeure, sources told Fastmarkets...Read More
Base metals prices on the London Metal Exchange performed well on Tuesday July 20, despite strong headwinds from rising coronavirus cases and a strong United States Dollar Index."The sell-off on Monday July 19 across the LME base metals complex was triggered by a set of negative macro dynamics, which spooked global investors," Fastmarkets analyst Andy Farida said. "Risk sentiment turned very negat...Read More
The London Metal Exchange nickel cash price is likely to hit $20,500 per tonne in the third quarter, with strong stainless steel demand and electric vehicle (EV) restocking driving the uptrend, according to analysts at Citi.Despite a sell off across base metals on July 19, Citi Metals Strategist Oliver Nugent told Fastmarkets that nickel fundamentals remain strong for Q3 and that he expects the pr...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday July 20 and their latest price moves.China Spot ferro-chrome prices reached 10,000 yuan ($1,541) per tonne after some stainless steel mills raised their purchase prices amid strong production rates and with stainless steel prices at seven-year highs. Ferro-chrome producers in Inner Mongolia continued t...Read More