An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi and Cristina Belda...Read More
Domestic prices for European heavy steel plate moved up over the week to Wednesday June 9, supported by strong demand, sources have told Fastmarkets."Demand is strong and is getting stronger. German mills have healthy order books due to long-term project contracts, and spot buyers have low stocks," an Italian source said."The demand for plate is quite strong, particularly due to the low stocks amo...Read More
Prices on the London Metal Exchange were mostly unchanged at the close of trading on Wednesday June 9, with futures contracts sticking to a consolidation phase at high levels so far this week.Zinc's three-month price, at $3,019.50 per tonne, was up b only $2.50 per tonne from Tuesday's closing price, but was at its highest value at the 5pm close since June 2, when it closed at $3,082.50 per tonne....Read More
China's domestic rebar prices picked up on Wednesday June 9 as a result of futures gains leading to stronger demand, market sources said.DomesticEastern China (Shanghai): 4,960-5,000 yuan ($776-782) per tonne, up by 40-50 yuan per tonneRebar futures staged a slight rebound on Tuesday and Wednesday, following a large drop on Monday, which market participants said was a "reasonable price change".The...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 9 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely trended downward over the past week due to limited trading activity in the spot market.Two Chinese investors...Read More
Swedish battery maker Northvolt has announced the signing of a $2.75 billion private placement to expand the capacity of its gigafactory in the country, Northvolt Ett, to 60GWh from 40GWh to meet increased customers' demand, it said on Wednesday June 9.The private placement was jointly led by Swedish pension funds AP1, AP2, AP3 and AP4, and Omers Capital Markets, alongside existing investors Goldm...Read More
Turkish steel mills continued their deep-sea scrap purchases for July shipment at slightly higher prices on Wednesday June 9, having only just resumed buying activity on Tuesday after a near-two-week break, market participants told Fastmarkets.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $498 and bonus scrap at $508 per tonne cfr.The same mill also bo...Read More
Prices in China's domestic and import spot ferro-chrome markets rose during the week to Tuesday June 8 on growing concerns over supply tightness amid strong consumption.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China was 7,500-7,800 yuan ($1,172-1,219) per tonne on Tuesday, up 100 yuan, or 1.3%, from 7,400-7,700 yuan per tonne the previous week.Production loss...Read More
Seaborne premium hard coking coal prices remained largely stable in both the cfr and fob on markets Wednesday June 9, with most market participants on the sidelines, source said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $168.50 per tonne, up $0.20 per tonnePremium hard coking coal, cfr Jingtang: $282.87 per tonne, up $0.20 per tonneHard coking coal, fob DBCT: $145.43 per tonne, up $3...Read More
The export market for steel billet from the Commonwealth of Independent States softened on Wednesday June 9 in new deals from Ukraine.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS was calculated at $644 per tonne on June 9, down by $2 per tonne from $646 per tonne a day before.A few deals for Ukraine-origin billet totaling 15,000 tonnes were done to Italy. Sales...Read More
The US nickel market was active in the week to Tuesday June 8, with a consensus that falling supply and healthy spot demand will support the current premium range. US premiums poised for possible increase if miners' strike in Canada endures. Continued arbitrage losses push some Chinese traders away from nickel plate. European London Metal Exchange warehouse stocks fall 400 tonnes, but...Read More
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
US Midwest aluminium premiums were likely to stay at elevated levels on continuing strength in physical demand and the continuation of trade tariffs, the chief financial officer of Alcoa has said.According to William Oplinger, the Midwest premium was currently 27 cents per lb, a situation that was likely to continue provided the current factors bullish remained in place."Assuming strong demand and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 9 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely trended downward over the past week due to limited trading activity in the spot market.Two Chinese investors...Read More
The US nickel market was active in the week to Tuesday June 8, with a consensus that falling supply and healthy spot demand will support the current premium range. US premiums poised for possible increase if miners' strike in Canada endures. Continued arbitrage losses push some Chinese traders away from nickel plate. European London Metal Exchange warehouse stocks fall 400 tonnes, but...Read More
Prices on the London Metal Exchange were mostly unchanged at the close of trading on Wednesday June 9, with futures contracts sticking to a consolidation phase at high levels so far this week.Zinc's three-month price, at $3,019.50 per tonne, was up b only $2.50 per tonne from Tuesday's closing price, but was at its highest value at the 5pm close since June 2, when it closed at $3,082.50 per tonne....Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 9 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely trended downward over the past week due to limited trading activity in the spot market.Two Chinese investors...Read More
A workers' strike at Vale's Sudbury nickel mine, in the eastern Canadian province of Ontario, is now in its second week, but would have to continue for at least a month before nickel premiums would rise in the United States, according to most market sources consulted by Fastmarkets this week.They were considering the effect on cut cathode premiums, especially.Vale Canada is North America's main pr...Read More
The 60-64.9% ferro-chrome market narrowed upward in the week to June 8, on high offer prices for Indian ferro-chrome to Europe.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, narrowed upward by 5 cents (+2.4%) to $1.05-1.10 per lb Cr on June 8, from $1.00-1.10 per lb Cr one week earlier."There is a scarcity of material and the domest...Read More