Hot-dipped galvanized and pre-painted galvanized coil prices decreased in Turkey during the week to Friday July 2, with demand weakening ahead of national holidays, sources told Fastmarkets.Market participants expect reduced market activity in the second half of July because of the national holidays taking place on July 15, which is Democracy Day in Turkey, and July 19-24 for the Ei al-Adha holida...Read More
Spot activity in the Vietnamese ferrous scrap import market remained extremely thin amid poor demand from steel mills, sources told Fastmarkets.There was a transaction confirmed for an August-shipment cargo at $484 per tonne cfr southern Vietnam, against offers at $490-500 per tonne cfr Vietnam.Bids were at $480 per tonne cfr Vietnam."It is very, very quiet this week because of the large bid-...Read More
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
Turkish deep-sea scrap import prices fell at the end of the week after a fresh cargo from the Baltic Sea came to light, market participants told Fastmarkets on Friday July 2.A steel mill in the Izmir region booked the Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $495 per tonne and 5,000 tonnes of bonus at $510 per tonne cfr, late on Thursday July 1.This was fourth the deep-sea...Read More
Prices for shredded steel scrap imported into India and Pakistan rose in the week to Friday July 2, with trading activity focusing on the Pakistan market over India. In the Pakistan imported scrap market, sellers achieved higher shredded prices this week following solid rebar sales. Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $539.51 per...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...Read More
An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More
Copper concentrate treatment and refining charges rose to their highest in five months on Friday July 2, reflecting smelters looking to capitalize on a recent uptrend.Fastmarkets' benchmark copper concentrate TC/RC index, cif Asia Pacific came in at $38.10 per tonne / 3.81 cents per lb on Friday, up from $36 per tonne / 36 cents per lb a week...Read More
Most base metal inventories in Shanghai Futures Exchange-registered warehouses dropped in the week to Friday July 2, with zinc registering the largest fall in percentage terms at 8% week on week.Zinc inventories fell by 2,824 tonnes on Friday to 32,490 tonnes, with the largest outflow from the Quansheng Logistics warehouse in Shanghai, where stocks were down by 2,852 tonnes to 12,604 tonnes, accor...Read More
Indian authorities have extended anti-dumping duties for both hot-rolled and cold-rolled flat steel products from certain countries until December 15 of this year, according to two notifications published by the Indian ministry of finance on Tuesday June 29. The duties for hot-rolled steel apply to hot-rolled flat products of alloy or non-alloy steel originating in or exported from China, Jap...Read More
China's Wuxi Stainless Steel Exchange will launch trading of its new battery-grade lithium carbonate contract on Monday July 5. The contract will be the first of its kind to be launched by a Chinese exchange for the battery raw material, the exchange has announced.The front-month Wuxi contract for physically delivered lithium carbonate will be October 2021, putting the guiding opening price at 88...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies and...Read More
Interest in China for imported blister copper remained lackluster in June, with copper buyers showing a preference for domestic blister and copper scrap, Fastmarkets heard on Friday July 2.Refining charges (RC) for the intermediate product ticked upward last month, with more availability, and suppliers noting a lack of appetite for extra units.Fastmarkets assessed the copper blister 98-99% RC, spo...Read More
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
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
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
The United States' pig iron import market was muted during the week to Friday July 2 because buyers preferred to wait to see the effects on the market of the announcement of an export duty by Russia.Russia is the largest global pig iron supplier. It intends to impose a temporary export duty on pig iron at the level of 15% but no less than $115 per tonne, to be effective from August 1 until Decembe...Read More
Domestic prices for hot-rolled coil in Northern Europe slipped further on Friday July 2 following a slowdown in trading, sources told Fastmarkets.Buyers opted to limit purchases while assessing the market trend. Long lead times from domestic producers, sufficient stocks among buyers for the next couple of months, and exhausted credit lines as a result of high prices for finished steel, have all co...Read More
Hot-rolled and cold-rolled coil prices decreased in Turkey during the week ending Friday July 2 before the long holiday starts in the country on July 15, sources told Fastmarkets.July 15 is Democracy Day in Turkey and July 19-24 will be the Ei al-Adha holiday, so market participants expect reduced activity in the second half of July.Low priced sales from Russia to several destinations during the w...Read More
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