Base Metal Stock Articles

GREEN AL: Small differential emerges for P1020A; high premiums cap VAPs

July 03, 2021 / Staff reporter

Small differentials for low-carbon aluminium in Europe were achievable for both primary aluminium and value-added products in June, market participants told Fastmarkets. But high underlying premiums for aluminium continued to cap any significant movement in low-carbon differentials. Fastmarkets assessed its aluminium low-carbon differential P1020A, Europe at $0-5 on Friday July 2, up from zer...Read More

LIVE FUTURES REPORT 02/07: Aluminium, copper edge up while market awaits cues from data releases

July 03, 2021 / Staff reporter

Aluminium and copper prices on the London Metal Exchange remained firm during morning trading on Friday July 2 amid low-volume trading. The three-month aluminium price was most recently at $2,527 per tonne, up by $15 per tonne from $2,512 per tonne at the close of trading on Thursday. The contract has trading in a tight range of $2,506-2,527 per tonne on Friday morning. LME aluminium stock levels...Read More

MORNING VIEW: Base metals prices mixed, showing some divergence

July 03, 2021 / Staff reporter

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday July 2, and were looking quite divergent. Base metalsLME three-month copper ($9,314 per tonne) and aluminium ($2,516 per tonne) were up by 0.5% and 0.3% respectively, while the rest were down by an average of 0.3%, led by a 0.7% fall in nickel ($17,970 per tonne). In recent days,...Read More

NEW ENERGY MATERIALS MARKET REPORT 02/07: Cobalt prices up on bullish markets

July 03, 2021 / Staff reporter

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

AEROSPACE MATERIALS MARKET REPORT 02/07: Offers rise in tight European vanadium market

July 03, 2021 / Staff reporter

An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 02/07: Molybdenum producers slash offers

July 03, 2021 / Staff reporter

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

GLOBAL FERRO-SILICON SNAPSHOT: Supply shortages continue to drive rapid price rise in US

July 03, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.China The China ferro-silicon price edged up due to the tighter availability following the news that producers in Shanxi and Ningxia might face another round of production cuts so the provinces can meet their dual energy consumption targets, with supplier offers broadly unchanged.In addition, the ne...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

July 03, 2021 / Staff reporter

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, in-whs Rotterdam, $/lb...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

July 03, 2021 / Staff reporter

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

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

July 03, 2021 / Staff reporter

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

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

July 03, 2021 / Staff reporter

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...Read More

EUROPE ALLOY STEEL SURCHARGES: Grade-316 values surge on high molybdenum costs

July 03, 2021 / Staff reporter

Monthly European alloy steel surcharges for grade-316 stainless steel have surged for July because of a sharp increases in the price of molybdenum, Fastmarkets heard on Friday July 2.Fastmarkets' calculation of stainless steel cold-rolled sheet 316 2mm alloy surcharge domestic, Europe was ?,?2,902-2,946 ($3,439-3,492) per tonne for July, up by ?,?242-271 per tonne from June.The substantial increas...Read More

China's Tsingshan raises July ferro-chrome tender price by $147/t

July 03, 2021 / Staff reporter

China's leading stainless steel producer, Tsingshan Group, has raised its tender prices for July-delivery ferro-chrome by 950 yuan ($147) per tonne from that for the preceding month, the company said on Friday July 2.The eastern China-based mill set its tender price for July-delivery high-carbon ferro-chrome at 8,395 yuan per tonne. The latest tender price is 12.76% higher than the 7,445 yuan per...Read More

AEROSPACE MATERIALS MARKET REPORT 02/07: Offers rise in tight European vanadium market

July 03, 2021 / Staff reporter

An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More

AEROSPACE MATERIALS MARKET REPORT 02/07: Offers rise in tight European vanadium market

July 03, 2021 / Staff reporter

An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More

NEW ENERGY MATERIALS MARKET REPORT 02/07: Cobalt prices up on bullish markets

July 03, 2021 / Staff reporter

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

GLOBAL MANGANESE SNAPSHOT: Chinese portside market softens ahead of mill's July purchase prices

July 03, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.ChinaSeaborne low-grade manganese ore prices were little changed in the week to July 2, while the market for high-grade manganese ore strengthened again after buyers accepted elevated prices for August-shipment material which was first offered late last week.Portside market softened with buying acti...Read More

EUROPE ALLOY STEEL SCRAP: Prices stable on minimal alloy component cost movements

July 03, 2021 / Staff reporter

The price of 18/8 (grade-304) stainless steel scrap in UK and Europe was unchanged this week because of relatively stable nickel costs, Fastmarkets heard on Friday July 2.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,200-1,250 ($1,655-1,724) on July 2, unchanged week on week.The three month London Metal Exchange price of...Read More

STEEL SCRAP WRAP: Turkey prices dip below $500 per tonne

July 03, 2021 / Staff reporter

Turkey secured up a fourth deep-sea steel scrap purchase at a discount, compared with its previous three previous cargo buys, in the week to Friday July 2, while activity in other global markets was comparatively subdued.Turkey secured four deep-sea cargoes, from Europe and the United StatesUS exporters kept export prices above $500 per tonne; international mills were forced to compete with the vi...Read More

GLOBAL LITHIUM WRAP: Rising spodumene price, firm hydroxide demand support complex

July 03, 2021 / Staff reporter

The global battery-grade lithium complex was steady over the week ended Thursday July 1, with market participants broadly optimistic about lithium hydroxide price momentum and citing tight feedstock availability. Battery-grade lithium hydroxide prices in Asia were steady against a backdrop of rising spodumene costs.  Trader restocking supported the domestic Chinese lithium carbonate price at...Read More

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