Base Metal Stock Articles

IRON ORE DAILY: Seaborne iron ore prices broadly up on firmer prices in steel segment

January 28, 2021 / Staff reporter

Sentiment in the seaborne iron ore market improved on Wednesday January 27 because of an uptick in prices for steel products, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.59 per tonne, up $1.52 per tonne 62% Fe low-alumina fines, cfr Qingdao: $166.65 per tonne, up $0.46 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $152.22 per tonne, down $0.92 p...Read More

COKING COAL DAILY: Premium fob price jumps; likely weather related

January 28, 2021 / Staff reporter

The seaborne premium coking coal fob price jumped on Wednesday January 27 following two transactions done at over $150 per tonne fob Australia due to weather concerns, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.10 per tonne, up $4.89 per tonnePremium hard coking coal, cfr Jingtang: $217.24 per tonne, up $0.08 per tonneHard coking coal, fob DBCT: $124.74 per ton...Read More

China looks to US for next scrap cargoes amid resumption of imports

January 28, 2021 / Staff reporter

US steel scrap sellers have been locked in negotiations for sales to China this week amid a continued drop in global prices, industry sources told Fastmarkets. At least three major scrapyards in the US have been offering bulk shredded and plate & structural (P&S) scrap to China in the spot market this week, sources said. A US trading source told Fastmarkets that Chinese traders have been asking fo...Read More

FOCUS: China's steel scrap imports unlikely to fill demand gap in 2021

January 28, 2021 / Staff reporter

Chinese demand for ferrous scrap is rising and imports are unlikely to meet the supply shortage in 2021, market participants told Fastmarkets this week. Sources say China could import up to 10 million tonnes of scrap in 2021 if prices are favorable. Overseas scrap prices had increased gradually to overtake China's domestic prices in the last quarter of 2020 due to sharply rising demand and short s...Read More

China taps another 101 ferrous scrap processors to boost domestic supply

January 28, 2021 / Staff reporter

China's Ministry of Industry & Information Technology (MIIT) last week approved an eighth batch of 101 ferrous scrap processing centers to boost domestic supply of the steelmaking raw material.The addition takes the total number of companies that are permitted to supply...Read More

CHINA REBAR: Futures rise after MIIT announces measures to cut output

January 28, 2021 / Staff reporter

China's domestic rebar prices rose on Wednesday January 27 on rising futures following news that the Ministry of Industry & Information Technology would require mills to cut their crude steel output in 2021.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($661-666) per tonne, up by 20 yuan per tonne The news coupled with the fact that a few mills already cutting production on their own accord d...Read More

MORNING VIEW: Base metals prices more negative than positive - waiting for fresh direction

January 28, 2021 / Staff reporter

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker while the market waits for direction from the US Federal Reserve when the Federal Open Market Committee (FOMC) concludes its meeting this evening. Zinc prices extend lower after Tuesday's rise in LME stocks Base metals Three-month base metals prices on the LME were mostly down this morning;...Read More

CONSUMER ELECTRONICS MARKET REPORT 27/01: Gallium continues rally on limited availability

January 28, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More

TITANIUM SNAPSHOT: Europe markets consolidate gains on exports, supply tightness

January 28, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday January 27.Key drivers European titanium scrap markets were steady over the past week, consolidating strong gains from the week before, with ferro-titanium producers competing for tight feedstock supplies. Vacuum-grade and sponge are also being sought at elevated prices due to low supplies of scrap turnings and solids. Scrap pr...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 27/01: Profit-taking puts pressure on manganese flake price; spot market active

January 28, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

January 28, 2021 / Staff reporter

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...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

January 28, 2021 / Staff reporter

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 Cobalt standard grade, in-whs Rotterdam, $/lb at 18.50-19.30 on Wednesday January 27, 2021.Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

January 28, 2021 / Staff reporter

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

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

January 28, 2021 / Staff reporter

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

Rising tenders send China's ferro-chrome prices to multi-year highs

January 28, 2021 / Staff reporter

Ferro-chrome prices in China's domestic and import markets soared again in the week to Tuesday January 26, due to restricted production in the north of the country and a leap in tender values.On January 21, Taiyuan Iron & Steel (Tisco) set its tender price for February-delivery high-carbon ferro-chrome at 8,000 yuan ($1,235) per tonne, up by 2,200 yuan per tonne (38%) from 5,800 yuan per tonne off...Read More

Base metals prices, broader markets under pressure

28 January 2021 / Staff reporter

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Thursday January 28, after market sentiment across the board has turned more cautious.* Asian-Pacific equities and major western pre-market equity index futures were weaker this morning* US Dollar Index firmed on Wednesday while equities sold-offBase metalsThere were more falle...Read More

Tech Talk for Thursday January 28th 2021

28/01/2021 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures recovered slightly following release of economic news at 8:30 AM EST. Consensus for fourth quarter annualized real U.S. GDP was an increase of 4.0% versus a gain of 33.4% in the third quarter. Actual was 4.0%. Consensus for Weekly Jobless Claims was 875,000 versus upwardly...Read More

IN CASE YOU MISSED IT: 5 key stories from January 26

January 27, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Tuesday January 26 that are worth another look.The Russian government is considering stricter scrap export restrictions to combat rises in prices for finished steel used in the domestic construction sector, Fastmarkets has learned.A global shortage...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 26/01

January 27, 2021 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday January 26.Please click...Read More

LIVE FUTURES REPORT 26/01: LME tin price nears $23,000/t, lead rises by 1.5%

January 27, 2021 / Staff reporter

Tin and lead's forward prices on the London Metal Exchange continued their advances, with rises of over 1.5% on Tuesday January 26 and tin nearing the $23,000 per tonne mark, supported by falling stocks and a lower dollar index. Tin's price reached yet another new year-to-date high during trading of $22,900 per tonne on Tuesday, nearing the July 9, 2014 intraday high of $22,950 per tonne. The met...Read More

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