Base Metal Stock Articles

RESEARCH: Coated steel, tinplate prices continue surge ahead of contract re-negotiations

June 12, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.Recent weeks have largely been a repetition of the weeks leading up to our previous tracker in mid-April. A flurry of price increases have been announced, and largely obtained, by leading steelmakers in both Europe and the United States while buyers struggle to secure spot tonnages.Although steel output is rising in both reg...Read More

RESEARCH: HRC prices strengthen in May, buyer resistance grows

June 12, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.United States sheet prices hit record highs again in May, with upward momentum carrying into June. Actual US HRC prices averaged $1,712 per tonne in May, largely in line with our forecast of $1,698 per tonne. Strong underlying supply-and-demand conditions both in the US and globally are supporting prices as well as long lead...Read More

RESEARCH: Welded pipe prices surge on substrate costs

June 12, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.Global welded pipe prices surged in May as strong demand and still-insufficient supply lifted flat steel prices.The biggest jumps were seen in China, which was hit by the unexpected announcement of the elimination of export rebates on welded pipes in April. Chinese seaborne prices reached $1,570 per tonne fob for longitudina...Read More

NEW ENERGY MATERIALS MARKET REPORT 11/06: Battery-grade lithium price rally pauses

June 12, 2021 / Staff reporter

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

FERROUS ANALYTICS: Rising hot metal costs eat into margins

June 12, 2021 / Staff reporter

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More

Brazilian steel rebar price holds amid doubts on global uptrend, lower scrap costs

June 12, 2021 / Staff reporter

The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of the global price uptrend and noting lower scrap costs in the country.There were reports of one mill announcing a price increase for the month and others debating whether such rise was feasible, but the major...Read More

LIVE FUTURES REPORT 11/06: Most LME prices post increases over 1% to end consolidating week on a high

June 12, 2021 / Staff reporter

Zinc showed the biggest increase, at 1.6%, at the close on Friday June 11, while all other prices on the London Metal Exchange ended a week of consolidation on firmer footing.Zinc's three-month price rose to $3,044.50 per tonne, rising from a $2,995 per tonne on Thursday, and up by 1.5% since the start of the week. Similarly, lead's price was up 1.4% on Friday to $2,205.50 per tonne, giving i...Read More

ALUMINIUM FOUNDRY WRAP: US, European premiums flat, lagging other VAPs

June 12, 2021 / Staff reporter

Aluminium primary foundry alloy premiums in Europe and the United States were steady again on Friday June 11, without the price swings seen in other value-added product premiums.EuropeEuropean primary foundry alloy premiums (PFA) were flat on Friday, lagging behind other aluminium value-added products (VAP) such as billet.Market participants told Fastmarkets that lack of demand for the product fro...Read More

FERROUS ANALYTICS: Rising hot metal costs eat into margins

June 12, 2021 / Staff reporter

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More

China import billet demand re-awakens after domestic market gains

June 12, 2021 / Staff reporter

China-based steel traders have regained their appetite for steel billet imports following increases in their domestic steel markets over the last few days, sources told Fastmarkets on Friday June 11.The most traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange closed up by 3.74% and 3.13% respectively on Friday afternoon.Fastmarkets' price assessment for steel billet...Read More

Zinc production in Yunnan to fully resume by mid-June

June 12, 2021 / Staff reporter

Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More

AEROSPACE MATERIALS MARKET REPORT 11/06: European V2O5 price climbs on tight prompt supply

June 12, 2021 / Staff reporter

An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Michael Greenfield in...Read More

NEW ENERGY MATERIALS MARKET REPORT 11/06: Battery-grade lithium price rally pauses

June 12, 2021 / Staff reporter

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

COPPER CONCS SNAPSHOT: TC/RCs stable; spot buying slows

June 12, 2021 / Staff reporter

Spot copper-concentrate processing charges remained stable in the week to June 11 amid sluggish market conditions, Fastmarkets heard.Major Chinese smelters were carrying out maintenance so spot buying interest was low, which kept Fastmarkets copper concentrate treatment charge/refining charge (TC/RC) index, cif Asia Pacific largely unchanged.  A few spot parcels of...Read More

GLOBAL MANGANESE SNAPSHOT: Ore prices drop amid buyer resistance, lower liquidity

June 12, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in China, the United States, India and Europe.China Miners who attempted to further increase low-grade material prices in the week to Friday June 11 were forced to drop into line with counter-bids after buyers staged resistance, encouraged by relatively low port prices. The high-grade manganese ore market showed a large drop in liquidity week on week and...Read More

GLOBAL FERRO-SILICON SNAPSHOT: Supply shortages continue to fuel US, EU gains

June 12, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in China, the United States and Europe.China The spot ferro-silicon market availability became tighter following the news that a major Malaysian ferro-silicon producer has suspended production due to a Covid 19 outbreak, with supply shifting to China and supplier offers broadly holding steady. Market sentiment was positive after the autonomous...Read More

EUROPE STAINLESS STEEL: Prices surge amid ongoing shortages

June 12, 2021 / Staff reporter

The price of stainless steel flat products in Europe surged during the week to Friday June 11 because of an acute supply shortage, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?3,350-3,400 ($4,077-4,138) per tonne on Friday, up ?,?200 from ?,?3,150-3,200 per tonne a week ear...Read More

Brazil's export pig iron market muted but firm

June 12, 2021 / Staff reporter

The market for pig iron exports from Brazil was quiet but firm during the week to Friday June 11.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $620 per tonne on Friday, stable week on week.No new sales were reported from the...Read More

ITALY STEEL SCRAP: Italian domestic prices jump on material shortages

June 12, 2021 / Staff reporter

Italian domestic steel scrap prices increased substantially in the month to Friday June 11, with mills facing extreme shortages of the steelmaking raw material, sources told Fastmarkets.The southern European country's steelmakers were unable to source the necessary volumes of scrap due to shortages across Europe, particularly for new scrap grades, market sources said.Supplies of new scrap, includi...Read More

GERMANY STEEL SCRAP: Scrap shortage drives domestic prices up

June 12, 2021 / Staff reporter

German steelmakers settled their monthly steel scrap contracts for June at substantially higher prices due to the current tight supply, sources told Fastmarkets on Friday June 11.Fastmarkets' monthly price assessment for steel scrap, E8 thin new production steel, domestic, delivered consumer, Germany, was ?,?460-500 ($560-609) per tonne on June 11, up by ?,?50-80 per tonne from ?,?410-420 per tonn...Read More

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