Zinc concentrate treatment charges (TCs) edged higher in mid-June, with more material from mines in China and elsewhere boosting supplies, while the power cut problems that affected smelters in Yunnan province are seemingly resolved.Terms rise with smelters well-coveredTenders hit solid market prices Mining output rise boosts supplyFastmarkets' zinc spot concentrate TC, cif China rose to $70-85 pe...Read More
Futures prices on the London Metal Exchange were mixed at the close on Monday June 14, with a quiet day of trading for such metals as copper due to the Dragon Boat Festival holiday observed in China. Nickel logged the biggest price gain on Monday, with the three-month contract rising by 1.39% to $18,480 per tonne from Friday's closing price of $18,227 per tonne and by 3.29% from the...Read More
There was little liquidity in the iron ore market on Monday June 14 due to Chinese market participants being away for the Dragonboat Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $220.77 per tonne, up $1.51 per tonne 62% Fe low-alumina fines, cfr Qingdao: $221.62 per tonne, up $0.37 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $195.22 per tonne, up $2.44 per tonne 65...Read More
Futures prices on the London Metal Exchange were mixed at the close on Monday June 14, with a quiet day of trading for such metals as copper due to the Dragon Boat Festival holiday observed in China. Nickel logged the biggest price gain on Monday, with the three-month contract rising by 1.39% to $18,480 per tonne from Friday's closing price of $18,227 per tonne and by 3.29% from the...Read More
With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More
Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More
Futures prices on the London Metal Exchange were mixed at the close on Monday June 14, with a quiet day of trading for such metals as copper due to the Dragon Boat Festival holiday observed in China. Nickel logged the biggest price gain on Monday, with the three-month contract rising by 1.39% to $18,480 per tonne from Friday's closing price of $18,227 per tonne and by 3.29% from the...Read More
Manganese ore prices dropped on Friday June 11 after buyers in China staged resistance to rising offer prices from miners and liquidity decreased. Fastmarkets' index for manganese ore 44% Mn, cif Tianjin was calculated at $5.12 per dry metric tonne (dmtu) on Friday, down by 3.21% from $5.29 per dmtu a week earlier.Fastmarkets' manganese ore index 37% Mn, cif Tianjin edged down by 0.21% t...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More
Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More
The European Commission (EC) will extend the existing safeguard measures on 26 steel products imported into the European Union by three years, market sources told Fastmarkets on Friday June 11.Quota volumes for all 26 steel products will increase by 3% year on year - lower than the 5% rise expected by market participants.The draft document of the adjusted measures was released to member states on...Read More
The European Commission plans to start an anti-dumping investigation into hot-dipped galvanizing coil from Turkey and Russia, market sources told Fastmarkets on Friday June 11. Multiple market participants said that European steel association Eurofer has lodged a complaint and that the executive arm of the European Union is likely to announce the start of the case soon. Eurofer declined to comment...Read More
With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More
The European ferro-silicon market moved up by almost 5% over the week to Friday June 11, with new deals reported by both traders and producers amid tight domestic supplies, limited replacement options from overseas and steady demand, according to trade sources.There has been reduced domestic production in Europe since Ferroglobeidled its production in late 2019, with only a small amount of output...Read More
With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More
Domestic prices for hot-rolled coil in Europe declined in the week to Friday June 11, but they remained at a high level.Buyers have been holding back from acquiring large volumes of coil at high prices, preferring whenever possible to pause their purchases to better monitor global trends while also waiting for the European Commission (EC) to conclude its safeguarding investigation.On Friday, the E...Read More
The three-month price of copper was down 0.6% from Friday's close on the morning of Monday June 14, while most other prices on the London Metal Exchange rose despite low traded volumes due to public holidays in China and Australia.The three-month copper price was at $9,943 per tonne on Monday at 9am, falling from $10,003.50 per tonne at Friday's close, which was the first time the metal had closed...Read More
Manganese ore prices dropped on Friday June 11 after buyers in China staged resistance to rising offer prices from miners and liquidity decreased. Fastmarkets' index for manganese ore 44% Mn, cif Tianjin was calculated at $5.12 per dry metric tonne (dmtu) on Friday, down by 3.21% from $5.29 per dmtu a week earlier.Fastmarkets' manganese ore index 37% Mn, cif Tianjin edged down by 0.21% t...Read More
Fastmarkets has settled its premium for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2021 at $172-185 per tonne over the London Metal Exchange cash price. The premium is 20.20% higher than the second-quarter benchmark of $148-149 per tonne and more than double the third-quarter of 2020 which settled at $75-79 per tonne cif MJP. The premium has risen for th...Read More
Canada-based Nouveau Monde plans to recycle its active anode graphite flake while developing its sustainable graphite project, company founder Eric Desaulniers has told Fastmarkets.Nouveau Monde has set up a partnership with lithium-ion battery recycling company Lithion Recycling, also based in Canada, to reclaim the graphite that would normally be unusable when battery anode materials are recycle...Read More