Steel wire rod prices in Poland were largely flat over the past seven days after a massive increase in the previous week, but market sources believed that new price rises were likely because of the shortness of supply, Fastmarkets heard on Friday May 28.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 3,650-3,700 zloty ($990-1,004) per tonn...Read More
Domestic prices for rebar in Poland were largely unchanged but still high in the week to Friday May 28, supported by strong demand, limited supply and increased scrap costs, although some sources told Fastmarkets that they believed prices had reached a ceiling.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 3,650-3,700 zloty ($990-1,004) per tonne...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Nickel's price was up by more than 5% on the London Metal Exchange and tin's was up by 4.3% since the start of the week, with bullish momentum returning to the base-metals complex on Friday May 28 and all metal prices finishing higher than at the start of the week.Prices bounced back following a period of weakness and correction seen at the beginning of the week, after the Chinese government calle...Read More
Ivanhoe Mines - the developer of the Kamoa Kakula copper mine in the Democratic Republic of Congo (DRC) - is in talks with that country's government about securing a permit to export concentrate, it said.The talks between Canada-listed Ivanhoe Mines and Kinshasa follow news - broken by Fastmarkets this week - of the DRC introducing a ban on the export of copper...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index rose to above $30/3 cents for the first time since March. Fastmarkets' copper concentrate TC index, cif Asia Pacfic was at $30.10 per tonne/3.01 cents per lb on Friday May 28,its highest level since March 5. Spot activity was limited for the week ended May 28, with smelters looking for $40/4...Read More
Key data from Fastmarkets' pricing sessions in Europe, India, the United States and China on Friday May 28.China The markets for seaborne low- and high-grade manganese ore were quiet oer the week to Friday while buyers awaited a new round of offers from miners in the coming week. Portside low- and high-grade manganese ore prices were little changed, with buyers showing increased appetite for high-...Read More
Key data from Fastmarkets' pricing sessions in Europe, the United States and China on Friday May 28.China The China ferro-silicon price narrowed downward slightly following a correction of the previous price rally, but the general sentiment remained positive amid Ningxia's production cuts related to the dual control of energy consumption, with suppliers' offers broadly holding firm. The China ferr...Read More
Key data from the pricing session in London on Friday May 28.Key drivers:Some market participants reported that last week's price rise was fueling a larger number of inquiries this week. Others contend that cobalt remains available below the range, causing...Read More
Global steel scrap prices dropped in the week to Friday May 28 on poor sentiment resulting from a weaker Chinese market and a softening of the Turkish market.Turkey reports latest trades at lower pricesUS East Coast sees trades to TurkeyVietnamese market affected by weaker Chinese sentimentChinese prices remain down despite improving futuresTaiwan prices lower on soft buying interestIndian buyers...Read More
Prices for shredded steel scrap imported into India and Pakistan moved down after there was further weakening on the Turkish scrap market and in Chinese futures, Fastmarkets heard on Friday May 28.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $495.42 per tonne on May 28, down from $510.93 per tonne on May 25 and from $517.88 per tonne on May 21.Indian buyers showed...Read More
Prices for inter-merchant light iron scrap in the UK were steady over the week ended Friday May 28, consolidating firm gains from the previous week that hit a nine-year peak, with increases possible in talks due next week between suppliers and steel mills, trade sources have told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK,...Read More
Brazilian steel slab export prices fell slightly week on week on Friday May 28 amid a pause in negotiations for shipments to the United States and lower indications for other regions.Fastmarkets assessed the price for steel slab export, fob main port Brazil at $970-990 per tonne on Friday, widening downward from $980-990 per tonne on May 21.With July-shipment deals to the US done in the previous w...Read More
A rise in Chinese ferrous prices has reduced the number of billet cargoes offered into Asian markets on Friday May 28.Comments by the Chinese government made in an attempt to cool commodity prices led to falls in ferrous contracts on the Shanghai Futures Exchange, creating a sharp drop in steel billet import bids in the country. Bids for standard 5sp billet were heard at $650-660 per tonne cf...Read More
Prices for shredded steel scrap imported into India and Pakistan moved down after there was further weakening on the Turkish scrap market and in Chinese futures, Fastmarkets heard on Friday May 28.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $495.42 per tonne on May 28, down from $510.93 per tonne on May 25 and from $517.88 per tonne on May 21.Indian buyers showed...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Global steel scrap prices dropped in the week to Friday May 28 on poor sentiment resulting from a weaker Chinese market and a softening of the Turkish market.Turkey reports latest trades at lower pricesUS East Coast sees trades to TurkeyVietnamese market affected by weaker Chinese sentimentChinese prices remain down despite improving futuresTaiwan prices lower on soft buying interestIndian buyers...Read More
Prices for inter-merchant light iron scrap in the UK were steady over the week ended Friday May 28, consolidating firm gains from the previous week that hit a nine-year peak, with increases possible in talks due next week between suppliers and steel mills, trade sources have told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK,...Read More
Base metals prices on the Shanghai Futures Exchange were up across the board while those on the London Metal Exchange were mixed during the morning of Friday May 28. This followed surging prices on Thursday. Falling initial jobless claims in the United States boosted sentimentAn indefinite strike has started at BHP's Santiago copper-mining operations center Asia-Pacific equities upbeat as are pre-...Read More