Seaborne coking coal prices stayed largely stable in the cfr market on Monday July 12 and climbed up in the fob market because some buyers started to procure on a demand basis, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $210.53 per tonne, up $3.66 per tonnePremium hard coking coal, cfr Jingtang: $308.80 per tonne, up $0.84 per tonneHard coking coal, fob DBCT: $...Read More
Iron ore prices moved up despite limited liquidity in the physical market on Monday July 12, while sentiment strengthened on news that China's central bank will cut the reserve requirement ratio (RRR), sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $217.85 per tonne, up $3.08 per tonne62% Fe low-alumina fines, cfr Qingdao: $220.60 per tonne, up $2.60 per tonne58% Fe fines high...Read More
The price of austenitic stainless steel scrap increased in the week to Friday July 9, particularly for grade-316 material, driven by strong demand amid ongoing tight availability, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,362-2,502) per tonne on July 9, widening upwards by ?60 per tonne...Read More
Seaborne iron ore concentrate and pellet prices increased in the week to Friday July 9, after the return of buying interest in China following the 100-year anniversary of country's communist party, sources told Fastmarkets.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $62 per tonne, unchanged66% Fe concentrate, cfr Qingdao: $245.03 per tonne, up $2.76 per tonne65% Fe bla...Read More
China's central bank is freeing up 1 trillion yuan ($154 billion) via a reduction of banks' reserve requirement ratio (RRR) - the amount of cash that these institutions must have in their reserves - to support the Chinese economy.But not all sectors will reap the benefits of the measure, market sources told Fastmarkets.The People's Bank of China said last Friday July 9 that the RRR for commercial...Read More
Brazilian domestic steel rebar prices were steady in July amid a stabilization in foreign markets and an increase in internal supply.Fastmarkets assessed the price for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, at 5,560-5,690 Reais ($1,057-1,081) per tonne on Friday July 9, unchanged since May 14, when it had come down from an all-time high of 5,630-5,700 Reais per tonne s...Read More
Tin's three-month price on the London Metal Exchange reached a new year-to-date peak of $32,250 per tonne on Monday July 12, with the soldering metal being the star performer while the rest of the base-metals complex fell from their Friday prices.Tin's futures contract was $32,094 per tonne at the close of trading on Monday, a 1.3% rise from its price at the same time on Friday of $31,680 per tonn...Read More
Turkish domestic auto bundle scrap prices have inched upward over the past week, with two steel mills in the Izmir region raising their buy prices, market participants said on Monday July 12.Long steel mill Ege ??elik increased its buy price for auto bundle scrap by 50 Turkish lira per tonne to 4,160 lira ($480) per tonne delivered.Fellow long steel mill ?-zkan raised its...Read More
Magnitogorsk Iron & Steel Works' (MMK) Metalurji subsidiary in Turkey has started trial production of hot-rolled coil, the Russian company announced on Monday July 12.Located in the Iskenderun region, the mill halted operations at its meltshop and compact strip mill in late 2012. "The current situation allows us to resume operations at the electric-arc furnace facility, which is a very important...Read More
Here are five Fastmarkets stories you might have missed on Monday July 12 that are worth another look.A group of Brazilian construction and real estate companies received a 20,000-tonne shipment of rebar from Turkey last week, national construction industry chamber CBIC said.The waiting time...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.The Shanghai Composite Index added 23.75 to 3,547.84 after China's central bank announced a reduction in reserve requirements for China's major banks effective July 15th. The reduction is expected to inject $150 billion into the economy.Disney gained $4.24 to $177.04 after JP Morgan raise...Read More
Bullish sentiment in the aluminium supply chain fueled increases in premium foundry alloy (PFA) premiums in Europe in the week ended Friday July 9. The PFA premium in the US was flat once again.EuropeSoaring premiums for P1020 aluminium, expensive logistics and solid demand pushed the premiums for primary foundry alloy (PFA) in Europe to new all-time highs this week.Fastmarkets' assessment of the...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More