The export pig iron market from the Black Sea area softened again in the week ended Thursday November 11 on weaker market fundamentals, sources have told Fastmarkets.Fastmarkets' price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $520-540 per tonne on November 11, narrowing downward from $520-545 per tonne a week before."Iron ore prices are weak, the Chinese ma...Read More
The seaborne low-volume pulverized coal injection (PCI) cfr price plummeted in the week to November 12 on the latest trades and offers. The fourth round of Chinese domestic coke price cuts began, and seaborne coking coal prices in both the cfr and fob markets were relatively flat on Friday.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $522.01 per tonne, unchangedHard coking coal,...Read More
Seaborne iron ore prices edged lower on Friday November 12, after more steel mills took the opportunity to carry out blast furnace maintenance after margins tightened significantly over the week, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.69 per tonne, down $2.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $91.39 per tonne, down $2.64 per tonn...Read More
Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses broadly increased during the week to Friday November 12, with tin recording the largest gain in percentage terms of 119.6%.Sister metals zinc and lead were the only base metals to register a decline in SHFE stocks over the past week, according to the exchange's weekly stocks report.Tin inventories gained 1,502 ton...Read More
Spot trading activity for hot-rolled coil in China was muted on Friday November 12 amid falling prices, after euphoria over a possible easing in property financing waned and raw materials pulled back on improved coal supply.DomesticEastern China (Shanghai): 4,760-4,810 yuan ($744-752) per tonne, down by 90 yuan per tonneNorthern China (Tangshan) weekly assessment: 4,900-4,930 yuan per tonne, down...Read More
Futures prices across the London Metal Exchange base metal complex were relatively steady with only modest price movements at the 9am open on Friday November 12, following a strong performance at the 5pm close on November 11.The US dollar index continued to perform strongly. It was at 95.13 at the 9am open, posting only a modest decline from 95.16 at yesterday's close. This strong dollar has the p...Read More
Sellers in China's domestic rebar market on Friday November 12 attempted to build on the momentum of a day earlier by raising their offers, but losses in the futures market due to falling coal prices capped the increases.Domestic Eastern China (Shanghai): 4,800-4,830 yuan ($751-755) per tonne, up by 30-50 yuan per tonneNorthern China (Beijing) weekly assessment: 4,520-4,600 yuan per tonne, down by...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 12, but those on the Shanghai Futures Exchange were mainly firmer while they followed Thursday's strong gains on the LME.Geopolitical tensions rise after the United States warns the European Union that Russia might invade Ukraine.Given the EU has become rather dependent on Russian natural gas, Russia may f...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Key data from the Friday November 12 pricing session in LondonKey driversInternational spot cobalt metal prices continued to post daily gains during the week with tight availability of certain brands and an increase in consumer inquiries.Strength filtering through from ongoing long-term...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 grade, in-whs Rotterdam,...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...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
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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....Read More
A summary of stainless steel producer Aperam's results for third quarter of 2021, from July to September.In briefCompany posts third consecutive record results, with earnings before interest, taxes, depreciation and amortization (Ebitda) of ?,?278 million ($319 million) for the third quarter, up from ?,?271 million in the preceding quarter.The company's strong...Read More
Key data from Fastmarkets' European secondary aluminium pricing session on Friday November 12.Key drivers:The price of secondary aluminium ingot DIN226 dropped by more than ?,?200 per tonne in the week to Friday November 12 because of ow demand and falling silicon and scrap prices.Market participants noted quiet demand because most consumers are well stocked until the end of the first quarter of 2...Read More
A likely decline in the South Korea domestic steel scrap price and lower Japan export and local prices has resulted in a drop in buying interest in South Korea in the week to Friday November 12, sources told Fastmarkets.South Korea bids lower for Russia import scrapTokyo Steel announces another drop in domestic scrap buy priceBuying interest for scrap minimal in China amid volatile finished steel...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 11 that are worth another look.The capacity expansion at ArcelorMittal Brasil's Monlevade unit will serve either the domestic or export markets with high-quality special steel products, chief executive officer Jefferson De Paula told Fastmarkets on November 11....Read More
Base metals prices on the London Metal Exchange were largely up at the 5pm close of trading on Thursday November 11, after a strong morning performance and reassuring news that emerged from the Chinese property sector."Chinese stock markets gained, on growing confidence that the authorities would ease the crackdown on the property sector and support developers," Anna Stablum, LME desk analyst at M...Read More
Production output for mining companies across base metals is likely to remain low despite significant additional capacity because miners face challenges from climate disruptions, ageing mines and Covid-19-related delays, Australian consultancy and research firm Cape Noir said on Thursday November 11."A lot of assets are showing declines in production and rolling delays to maintenance. Assets have...Read More