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.Fastmarkets assessed Cobalt sulfate 20.5% Co...Read More
There was limited spot liquidity for ferrous scrap in key import market Vietnam in the week to Friday January 8 ahead of the Kanto Tetsugen auction next week, market sources told Fastmarkets.There was a transaction heard at $460 per tonne cfr Vietnam for a 6,000-tonne Japanese H2 cargo. Such cargoes were offered at $465-470 per tonne...Read More
Sluggish Chinese domestic steel scrap prices mean there has been a large gap between bids and offers for imports of steel scrap this week, market sources told Fastmarkets on Friday January 8. Chinese consumers have booked at least four bulk cargoes of Japanese plate and structural (P&S) scrap - which is known as HS in Japan - since China relaxed its scrap import restrictions on December 31. S...Read More
China's looming presence as a new buyer in the Asian seaborne scrap market has sparked concerns of tight supply in the region, including in Taiwan, sources told Fastmarkets this week. Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $448-450 per tonne on Friday January 8, narrowing upward by $3 per tonne fro...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 8. China Seaborne prices for both low- and high-grade ore soared after miners successfully raised their February offer prices following recent increases in the portside ore market. Bullishness in the alloy sector and yuan appreciation spurred buyers' purchasing appetite. Portside...Read More
China's domestic battery-grade lithium carbonate market hit a 14-month high in the first trading week of the year after the price rose by 8% week on week on Thursday January 7 on soaring offer prices and heightened buying appetite.China's battery-grade lithium carbonate price hit a 14-month high due to continued tight supply and producers hiking up prices further. Chinese industrial-grade lithium...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More
Forward prices for copper and nickel on the London Metal Exchange continued to reach new highs during trading on Thursday January 7, while the rest of the base-metals complex showed smaller increases than those seen at the beginning of the week on a marked rebound in the US dollar index.Nickel's three-month price achieved a new 16-month high of $18,200 per tonne on Thursday, with the uptake of ele...Read More
The blockade at the Las Bambas copper mine in Peru has been partially ended on a temporary basis pending a dialogue between local community members and mining company MMG, Fastmarkets learned on Thursday January 7. But the path to a resolution remains uncertain, a source with direct knowledge of the matter said. Meanwhile, transport of copper concentrate is still minimal because it will take time...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More
The Chinese alumina price rose slightly this week following a spate of panic buying after railway transport in Shijiazhuang, in the northern Chinese province of Hebei, was suspended amid a rise in Covid-19 infections, market participants told Fastmarkets. All trains arriving in or departing from Shijiazhuang, the capital city of Hebei, have been canceled since Wednesday January 6. Shijiazhuang Cit...Read More
The blockade at the Las Bambas copper mine in Peru has been partially ended on a temporary basis pending a dialogue between local community members and mining company MMG, Fastmarkets learned on Thursday January 7. But the path to a resolution remains uncertain, a source with direct knowledge of the matter said. Meanwhile, transport of copper concentrate is still minimal because it will take time...Read More
China Copper's raw materials director Feng Mingrui will be the next group leader of the country's top copper smelters after a tie vote at a recent meeting, sources told Fastmarkets.Feng, who previously worked at Daye Nonferrous and Trafigura, received the same number of votes as Jinchuan Group's Yang Xiangbin at a meeting of the China Smelters Purchase Team (CSPT) in late December.The CSPT eventua...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More
Spot cobalt hydroxide payables surged in the first half of this week with Chinese consumers actively seeking units while logistical bottlenecks continued to cap suppliers' ability to deliver January cargoes. Fastmarkets' assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China moved up to 86-88.5% against standard-grade cobalt price (low end) on Wednesday January 6, from 82-83%...Read More
Turkish steelmakers continued to book deep-sea scrap cargoes for February and March shipment at firm prices, sources said on Thursday January 7.A steel mill in the Marmara region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $480 per tonne, 22,000 tonnes of shredded and 10,000 tonnes of bonus at $490 per tonne cfr.And a steel mill in the Izmir region booked a Baltic Sea cargo a...Read More
Prices for plate and structural-grade scrap (P&S), known as HS in Japan, have shown a slight increase over the past week on strong demand from mills in both Japan and China, sources told Fastmarkets on Thursday January 7.China booked at least four steel scrap cargoes from Japan in the first week of 2021 following an easing in the country's import regulations, with most of these deals done for HS h...Read More
Markets remained upbeat on the morning of Thursday January 7 despite the outbreak of violence in Washington, DC, with nickel joining copper and tin in setting fresh new multi-month highs but gold turning lower.Asian-Pacific equities generally upbeat, along with pre-market western equity index futures as the US Democrats win the Senate US 10-year treasury yields continue to rise Base metals Th...Read More
Spot cobalt hydroxide payables surged in the first half of this week with Chinese consumers actively seeking units while logistical bottlenecks continued to cap suppliers' ability to deliver January cargoes. Fastmarkets' assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China moved up to 86-88.5% against standard-grade cobalt price (low end) on Wednesday January 6, from 82-83%...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More