Iron ore prices in the seaborne market surged on Monday April 19, supported by active trading at Chinese ports and demand from steel mills ahead of the Labor Day holiday. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $181.80 per tonne, up $3.37 per tonne 62% Fe low-alumina fines, cfr Qingdao: $182.55 per tonne, up $3.99 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $157.49 per...Read More
Seaborne iron ore pellet and concentrate prices increased in the week to Friday April 16, amid growing demand driven by the ongoing emissions restrictions in the Chinese steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $206.96 per tonne, up $6.90 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $231.12 per tonne, up $2.14 per ton...Read More
Base metals prices were mixed on both the London Metal Exchange and the Shanghai Futures Exchange this morning, Monday April 19, while broader markets were generally upbeat, save in India where a surge in Covid-19 infections is weighing on equities. Strength in gold, the yen and weaker bond yields could suggest a pick-up in haven demand......but there are few signs of nervousness in equity markets...Read More
British speciality chemicals firm Johnson Matthey (JM) has secured long-term supply agreements for both cobalt and lithium with major producers, while scaling up its battery materials business in Europe, it said on Monday April 19.JM also announced a strategic partnership with Finnish Minerals Group for the construction of a second cathode manufacturing plant in Finland.The nameplate capacity of t...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...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...Read More
Key data from the pricing session in Shanghai on Friday April 16.Key drivers China's domestic bismuth price continued to decline amid weak demand. Output cuts at some plants in Jiangxi and Hunan provinces due to ongoing environmental inspections failed to provide support to the market. Market...Read More
The European ferro-silicon market seems set to test the March 2018 price range of ?,?1,650-1,700 per tonne, with suppliers reporting several sales of standard-grade material for prompt delivery already done at ?,?1,620 per tonne.One regular trading company said it is not offering any such material below ?,?1,600 ($1,916) per tonne, although the bulk of sources suggest a range between ?,?1,500-1,60...Read More
Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday. The US Dollar Index continues to trend lower.Base metalsLME three-month base metals prices were up by an average of 0.7% this morning, once again led by a 1.2% rise in...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Base metals prices were mixed on both the London Metal Exchange and the Shanghai Futures Exchange this morning, Monday April 19, while broader markets were generally upbeat, save in India where a surge in Covid-19 infections is weighing on equities.* Strength in gold, the yen and weaker bond yields could suggest a pick-up in haven demand...* ...but there are few signs of nervousness in equity mark...Read More
Auto ETF (CARZ) moved above $59.61 to an all-time high extending an intermediate uptrend.Canadian National Railway (CNR), a TSX 60 stock moved above $148.27 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Monday April 19thU.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.The Canadian Dollar added $0.15 to...Read More
China's crude steel, hot metal and finished steel production all rose sharply year on year in March and the first quarter of 2021, according to data released by National Bureau of Statistics (NBS) on Friday April 16.March productionCrude steel: 94.02 million tonnes, up by 19.1% from March 2020Hot metal: 74.75 million tonnes, up by 8.9% year on yearFinished steel: 119.87 million tonnes, up by 20.9%...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.In both Europe and the United States, the prices of most flat steel products have pushed to record highs in the weeks to Monday March 22. They remain slightly below their mid-2008 peaks in China, but are at multi-year highs there too.This illustrates in part the heavier consequences of the Covid-19 pandemic for steelmakers in...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese seamless linepipe prices have jumped by $120 per tonne over the past month because of rising costs. With iron ore prices remaining elevated, scrap costs on the rise, and activity at steel mills curbed by environmental measures, steel billet has become difficult to source, bolstering the prices for seamless linep...Read More