An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Key data from Fastmarkets' Friday April 30 pricing sessions in China, India, Europe and the United States. China Lower offers for seaborne manganese ore prices led the seaborne ore markets to resume their steady downtrend after a short-lived bounce the previous week. Portside low- and high-grade manganese ore markets rose with smelters looking to replenish feedstock ahead of the Labor...Read More
Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More
Key data from Fastmarkets' Friday April 30 pricing sessions in China, Europe and the United States.China Fears of production cuts in Ningxia due to its energy-conservation and emission-reduction ambitions, coupled with the rise of electricity fees in Inner Mongolia, added to the tight availability of ferro-silicon. Active deals and inquires, along with the bullish ferro-silicon futures, all underp...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' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More
While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More
China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.Fastmarkets' price assessment for copper blister 98-99% ,RC spot, cif China, was $185-200 per tonne on Friday April 30, up from $170-185 per tonne a month ago. Few tonnages were sold and offered in the $180s...Read More
Hot-rolled coil prices in the United States surged above $75 per hundredweight ($1,500 per short ton) for the first time ever exactly one year after tumbling below $22 per cwt in the wake of the Covid-19 pandemic-related demand crash.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $75.43 per cwt ($1,508.60 per ton) on Friday April 30, up by 2.91% from $73.30 per cwt o...Read More
Global supply of refined zinc will exceed demand in 2021, widening the market surplus to 353,000 tonnes this year despite a global recovery in demand after the Covid-19 pandemic, the International Lead and Zinc Study Group (ILZSG) said.The ILZSG expects global demand for refined zinc metal to rise by 4.3% to 13.78 million tonnes in 2021 after it fell by 3.9% last year, it said on Friday April 30 i...Read More
Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More
While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More
A summary of the financial results for Chilean state-owned copper producer Codelco in the first quarter of 2021, as stated in its earnings report released on Friday April 30.In brief Copper output increased year-on-year during the quarter due to higher grades of mined ore and operational productivity, Codelco said. C1 cash costs (direct production costs) were cut by $0.003 per lb over January-Marc...Read More
A summary of Brazilian copper producer Paranapanema's financial results for the first quarter of 2021, as stated in its earnings report published on Thursday April 29.In briefCopper cathode sales volume growth and stronger copper prices on the London Metal Exchange drove net revenues significantly higher, the company said. Profit margins, on the other hand, were under...Read More
Prices of most aluminium scrap grades in the United States rose this past week, driven by high buying interest. Bullishness on mill-scrap material, aided by buoyant copper and silicon markets, translated to higher prices, according to sources.Fastmarkets assessed the buying prices for mixed low copper clips, delivered Midwest secondary smelters; mixed high copper clips, delivered Midwest seco...Read More
The US Midwest aluminium premium jumped to a new all-time high on Friday April 30, with the US market struggling to attract much-needed imports while the freight and duty components of the premium have spiked as well.Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 26-27 cents per lb on April 30, up by 8.16% from its previous record high of 24-25 cents per lb and up by&nbs...Read More
Prices for inter-merchant light iron scrap in the UK have been steady over the week ended Friday April 30, consolidating gains made the week before amid firm demand from major processors and steady export business, sources have told Fastmarkets.Suppliers were looking ahead to negotiations to settle monthly deliveries into domestic consumers in May, they added.Fastmarkets' latest price assessment f...Read More
The pig iron import market in the United States was silent during the week to Friday April 30, although market indicators such as hot-rolled coil prices continued to increase.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $585-595 per tonne on Friday, up by $10 per tonne from $575-585 per tonne the previous week."It was predictable that the market would be silent t...Read More
While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More
Seaborne coking coal prices climbed in the cfr market amid tight supply and rising offers on Friday April 30, but inched lower in the fob market amid soft buying activity, market sources told Fastmarkets.Prices for seaborne pulverized coal injection (PCI) material increased sharply in the cfr market in the week to April 30, due to persistently tight supply and rising prices for metallurgical coke,...Read More