Base metals registered an increase in inventories at Shanghai Futures Exchange-registered warehouses during the week to Friday July 9, with nickel increasing the most in percentage terms, up 20.62%.Nickel stocks totaled 7,555 tonnes on Friday, up by 1,292 tonnes from 6,263 tonnes a week ago. The largest inflow was at Zhongchu Dachang warehouse, Shanghai, where volumes were up by 1,214 tones or 46....Read More
Treatment charges (TCs) for zinc concentrates have risen over the past two weeks, with smelters sitting on better inventories and a flurry of mine tenders indicating rising supply, Fastmarkets heard on Friday July 9.TCs becoming firmer, but slower than market expectedSeveral tenders issued by miners in recent weeks, well bid by the tradeSome smelters see TCs at $100 per tonne as a peak for this ye...Read More
Prices in the CIS export billet market improved some more by the end of the week. Offers were mainly coming from Ukrainian mills, while Russian producers preferred to stay away from the market assessing the situation with export duty introduction in August.The duties will apply from August 1 through to December 31 and have a base rate of 15%, with a specific minimum rate of $115 per tonne for stee...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 hydroxide p...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.Fastmarkets assessed Cobalt...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
Seaborne coking coal prices were steady in the cfr market on Friday July 9 while market participants awaited further information about second-half production cut plans at Chinese steel mills. The fob coking coal market surged amid necessary procurement demand from Asia, market sources said.Prices for seaborne pulverized coal injection (PCI) decreased in the cfr market in the week to July 9 because...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies...Read More
Prices in the CIS export billet market improved some more by the end of the week. Offers were mainly coming from Ukrainian mills, while Russian producers preferred to stay away from the market assessing the situation with export duty introduction in August.The duties will apply from August 1 through to December 31 and have a base rate of 15%, with a specific minimum rate of $115 per tonne for stee...Read More
Expectations of cuts to steel production across China in the second half of 2021 have fueled the country's eager return to the steel billet import market this week, sources told Fastmarkets on Friday July 9.Numerous Chinese steelmakers were now expected to reduce output in the second half of the year, with China's authorities targeting 2021 steel production below last year's total of 1.07 billion...Read More
Domestic hot-rolled coil prices in China were unchanged on Friday July 9, with an ongoing seasonal lull in demand keeping spot prices from tracking rising futures amid talk of production cuts across the country.DomesticEastern China (Shanghai): 5,700-5,770 yuan ($878-889) per tonne, unchanged Northern China (Tangshan): weekly assessment: 5,500-5,620 yuan ($848-866) per tonne, up by 180-240 yuan pe...Read More
London Metal Exchange base metal futures barring tin traded higher on Friday July 9 after the market responded to news that China's central bank will boost liquidity to small and medium sized businesses.The People's Bank of China said it would reduce the Reserve Requirement Ratio (RRR), the amount of cash banks have to hold in reserve, by 0.5%, equivalent to the release of a trillion yuan ($154 bi...Read More
Domestic steel rebar prices in Poland were broadly flat in the week to Friday July 9, with market activity slowing down on seasonal factors, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 4,050-4,100 zloty ($1,054-1,067) per tonne on Friday, the same as last week.The assessment was based on deals, offers and achievable prices rep...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
Hot-dipped galvanized and pre-painted galvanized coil prices remained stable in Turkey during the week to Friday July 9 due to upcoming holidays, sources told Fastmarkets.July 15 is Democracy Day in Turkey and July 19-23 will be the Eid al-Adha holidays so buyers preferred to postpone bookings.Domestic pricesFastmarkets' weekly price assessment for steel HDG coil domestic, exw Turkey was unchanged...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
The price of cold-rolled stainless steel in Europe increased further this past week due to the severe material shortage that has been ongoing, sources told Fastmarkets on Friday July 9.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered north Europe was ?,?3,600-3,650 ($4,257-4,316) per tonne on Friday, up by ?,?150 from ?,?...Read More
Spot copper concentrate treatment/refining charges (TC/RC) continued to rise for the fourth week in a row on the improving availability of the copper raw material.Fastmarkets copper concentrate TC/RC index was calculated at $42.4 per tonne/4.24 cents per lb for the week to Friday July 9, its first foray above the $40/4 cents mark since late...Read More
Domestic prices for hot-rolled coil in Europe were relatively stable on Friday July 9 due to slow buying activity, sources told Fastmarkets.Market sources believed that the price fluctuations during the week have not been indicative of a trend change, but mainly reflected the uncertainty among buyers in the market with a limited number of offers.Buyers have been holding back from making new deals...Read More