Member mills of China's Iron & Steel Association (Cisa) reduced their output rates of crude steel and hot metal in late May compared to the preceding 10 days, data from the association late on Thursday June 3 shows.May 21-31 output - (change from the 10-day period ended on May 20)Crude steel: 2.29 million tonnes per day, down by 3.92%Finished steel: 2.30 million...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Battery-grade lithium hydroxide prices in Asia moved up over the week ended Thursday June 3 against the backdrop of continued tight supply and firm buying appetite.Battery-grade lithium hydroxide prices in both domestic Chinese and seaborne Asian markets were underpinned by robust demand. Battery-grade lithium carbonate price in China was flat, although concerns persisted over increased supply. Eu...Read More
The pig iron import market in the United States was firm during the week to Friday June 4 because buyers needed to accomplish further restocking.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $665 per tonne on Friday, unchanged week on week.Sources had estimated the market level at $665 per tonne and one fresh booking of Russia-origin material was reported at this...Read More
China's domestic rebar prices edged up on Friday June 4 on stronger demand ahead of the weekend, ending the week 200-yuan-per-tonne above the previous Friday's close in the eastern region, sources said.DomesticEastern China (Shanghai): 5,030-5,060 yuan ($785-790) per tonne, widening upward by 10 yuan per tonne.Northern China (Beijing) weekly assessment: 5,160-5,200 yuan per tonne, up by 160-170 yu...Read More
Australian spodumene producer Galaxy Resources has increased its full year production guidance for 2021 to 195,000-210,000 dry metric tonnes (dmt) of spodumene concentrate in response to strong demand, it said on Wednesday June 2.The company had previous estimated an annual output of 185,000-200,000 dmt. Galaxy's Mt Cattlin operation in Western Australia has continued to operate at full capacity d...Read More
Fastmarkets' copper concentrate treatment charge and refining charge (TC/RC) index gained further upward momentum on Friday June 4 amid limited spot buying interest from Chinese smelters who are undergoing maintenance work. The index is now at its highest level since late February when it was at $35.80 per tonne / 3.58 cents per lb. This week, a few spot parcels of standard concentrate w...Read More
The export pig iron market from the Commonwealth of Independent States was calm during the week to Thursday June 3 amid an uncertain price trend.Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $625-635 per tonne on Thursday, widening downward from $630-635 per tonne on June 2.The latest sales from CIS to the United States were reported at $665 per...Read More
Fastmarkets has corrected its manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price, which was published incorrectly on Friday June 4 due to an error. Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam (MB-MN-0001) was originally published at $3,350-3,475 per tonne on June 4. It should have been $3,350-3,550 per tonne. Fastma...Read More
Iron ore prices fell on Friday June 4 amid uncertainty about local government policies in China. As a result, most market participants held back from trading activity to wait for further developments.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $207.35 per tonne, down by $3.64 per tonne62% Fe low-alumina fines, cfr Qingdao: $209.20 per tonne, down by $3.61 per tonne58% Fe fines high-grad...Read More
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.Fastmarkets assessed Cobalt alloy...Read More
Most base metals stocks in Shanghai Futures Exchange-registered warehouses went down in the week to Friday June 4, with aluminium recording the largest drop in percentage terms. Aluminium stocks totaled 313,699 tonnes on Friday, down by 15,873 tonnes (4.8%) from 329,572 tonnes a week ago. The largest outflow was from HenanGuochu Gongyi warehouse in Henan province, where volumes were down by 8,050...Read More
Hot-rolled coil prices in China's domestic market extended their gains on Friday June 4, as the futures prices saw another choppy trading session.DomesticEastern China (Shanghai): 5,580-5,630 yuan ($872-879) per tonne, up by 30 yuan per tonne.Northern China (Tangshan) weekly assessment: 5,520-5,580 yuan per tonne, up by 170-200 yuan per tonne.Friday's small increase in spot prices came with gains...Read More
China's domestic rebar prices edged up on Friday June 4 on stronger demand ahead of the weekend, ending the week 200-yuan-per-tonne above the previous Friday's close in the eastern region, sources said.DomesticEastern China (Shanghai): 5,030-5,060 yuan ($785-790) per tonne, widening upward by 10 yuan per tonne.Northern China (Beijing) weekly assessment: 5,160-5,200 yuan per tonne, up by 160-170 yu...Read More
An accident at Kaohsiung port, Taiwan, in which a tower crane collapsed on Thursday June 3 will likely have minimal impact on discharge rates for containerized ferrous scrap in the coming days, market sources told Fastmarkets.The ship-to-shore gantry crane crashed to the ground after the empty 316-meter-long containership, OOCL Durban, collided with the 32,270-gross-tonne Yong Hung, anchored at Pi...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States on Friday June 4. China Seaborne low- and high-grade manganese ore markets jumped as much as 12.31% after miners raised offers for July shipment amid protracted high freight rates and a strengthening South African rand. Sentiment was boosted by news that Ningxia province, China's second largest silico-ma...Read More
Russian steel maker Severstal and Russian natural gas producer Novatek have signed a Memorandum of Cooperation to explore hydrogen, alternative energy and greenhouse gas emission reduction technologies, the companies said at the St Petersburg International Economic Forum on June 4.Alexey Mordashov, Severstal chairman of the board of directors, and Leonid Mikhelson, chairman of the management board...Read More
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...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More