All base metals stocks - bar aluminium - at Shanghai Futures Exchange-registered warehouses gained in the week to Friday May 7 with tin recording biggest increase in percentage terms. Tin stocks totaled 8,256 tonnes this week, up by 593 tonnes or 7.7% from 7,663 tonnes a week earlier. Nanchu warehouse in Guangdong province recorded the largest inflow at 604 tonnes, while SIPG Logistics...Read More
Seaborne iron ore prices rose further on Friday May 7 with continuing support from bullish steel prices, refreshing the iron ore indices' record highs again.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $212.25 per tonne, up by $10.37 per tonne62% Fe low-alumina fines, cfr Qingdao: $214.20 per tonne, up by $11.33 per tonne58% Fe fines high-grade premium, cfr Qingdao: $185.29 per tonne, up...Read More
Copper's futures price reached an all-time high in early trading on the London Metal Exchange on Friday May 7 and aluminium breached the $2,500-per-tonne mark on bullishness in the market caused by supply concerns and firm demand.The red metal's three-month price peaked at $10,253 per tonne on Friday morning, surpassing its previous high of $10,190 per tonne set in February 2011. This was a rise o...Read More
Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday May 7, as were broader markets.Friday's United States employment report is in focus because it could prompt Federal Reserve to change tackDow Jones Industrial Average sets new highs after US initial jobless claims fell below 500,000 on Thursday for the first time s...Read More
The London Metal Exchange tin cash price rose to an all-time high while a number of other milestones were set on the futures complex for copper, aluminium and lead on May 6. LME copper's three-month price was at $10,092 per tonne at Thursday's close, up by 1.4% from Wednesday's price and was above the $10,000-per-tonne mark for the first time since 2011 one week ago on April 29. LME copper hi...Read More
Fresh political tensions between China and Australia, along with strong steel prices, lent support to the sharp increases in seaborne iron ore prices on Thursday May 6, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $201.88 per tonne, up $9.34 per tonne62% Fe low-alumina fines, cfr Qingdao: $202.87 per tonne, up $8.66 per tonne58% Fe fines high-grade premium, cfr...Read More
An overview of the aerospace materials markets and the latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Key data from Fastmarkets' Friday May 7 pricing sessions in Europe. Key drivers Market participants reported very limited inventories in Europe for prompt availability. Consumers in the aluminium sector, where magnesium is used an alloy, have been looking for material over the last weeks, but the majority of traders did not have material at hand to supply their usual consumers. Stocks i...Read More
Some cobalt hydroxide consumers in China have been warned by shipping companies of potential delays to shipments following an outbreak of Covid-19 infections on Italian container ship Ital Libera, market participants told Fastmarkets.The container ship, which was on a scheduled trip from Durban, South Africa, to Singapore, was forced to anchor at Jakarta, Indonesia, in mid-April after its captain...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...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....Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Prices for imported ferrous scrap to China increased on Friday May 7 amid transactions heard concluded at $527-529 per tonne cfr northern China.Offers were heard at $530-535 per tonne cfr northern China for HRS101 ferrous scrap, which is equivalent to around $520-525 cfr eastern China. The offer prices were up by $5 compared with a day earlier.There were limited bids heard on Friday because China...Read More
Buyers of containerized ferrous scrap in the key Taiwanese market paid higher for imported cargoes over the week despite attempts to resist price increases.Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $440-445 per tonne on Friday May 7, increasing by $5-10 per tonne from a day earlier and up by $17-20 pe...Read More
Import prices for ferrous scrap in Vietnam increased during the week to Friday May 7 on bullish sentiment in the spot market, and could break the $500-per-tonne-cfr-Vietnam mark for bulk cargoes, industry sources told Fastmarkets.Japanese H2 scrap cargoes were offered at $480-490 per tonne cfr Vietnam, up $10 per tonne week on week. But not many cargoes were offered because sellers are awaiting th...Read More
The Chinese import market for steel billet continued its rapid climb over the past seven days, with healthy demand being supported by soaring steel prices in the country.Chinese steel prices have spiked again this week, with hot-rolled coil prices setting domestic records and rebar prices leaping closer to 2008's all-time highest level.At the heart of the latest rise in rebar prices have been expe...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 5 that are worth another look.German steel companies Thyssenkrupp Steel and H? 1/4 ttenwerke Krupp Mannesmann (HKM) and the Port of Rotterdam Authority are to jointly investigate setting up international supply chains for hydrogen.AfriTin Mining will increase production at its fledgling...Read More