Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
Base metals prices on the London Metal Exchange were little changed at the close on Wednesday December 30 amid low volumes and quiet market conditions.The LME three-month aluminium price rebounded slightly but remained marginally below the $2,000-per-tonne support level. It edged up by $8.50 to $1,999.50 per tonne, with just 6,697 lots of aluminium trading by 5pm London time, compared to over 20,0...Read More
Seaborne premium hard coking coal prices in the fob and cfr markets diverged slightly on Wednesday December 30 while market participants were in wait-and-see mode as the New Year approaches.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.39 per tonne, down $0.49 per tonnePremium hard coking coal, cfr Jingtang: $200.06 per tonne, up $0.26 per tonneHard coking coal, fob DBCT: $90.05 per...Read More
Base metal futures made minimal trade on Wednesday December 30 morning, with market participants expecting the market to remain sluggish until after China's New Year holidays in February, Fastmarkets heard.In news, Chile - the world's top copper miner - is set to reach its peak total copper production in 2028 at 7.35 million tonnes, a 26.9% increase from 5.79 million tonnes in 2019,...Read More
Base metals prices on the London Metal Exchange were little changed at the close on Wednesday December 30 amid low volumes and quiet market conditions.The LME three-month aluminium price rebounded slightly but remained marginally below the $2,000-per-tonne support level. It edged up by $8.50 to $1,999.50 per tonne, with just 6,697 lots of aluminium trading by 5pm London time, compared to over 20,0...Read More
Iran's export prices for steel slab and billet increased again over the week to Wednesday December 30 following deals being secured at even higher prices over the week, Fastmarkets learned.A total of 110,000 tonnes of Iranian slab was sold in two tenders during the week, sources told FastmarketsThis comes at a time when Iran's export billet and slab prices are at their highest since early 2018, wh...Read More
Fastmarkets has corrected its Shanghai copper cathode premiums, which were published in error on December 25 and December 28.Fastmarkets published prices for registered copper cathode premiums on a seaborne and in-warehouse basis for the Shanghai market outside of its pricing calendar, and has now removed this information.Fastmarkets prices commodity-grade base metal premiums on days when the Lond...Read More
Base metal futures made minimal trade on Wednesday December 30 morning, with market participants expecting the market to remain sluggish until after China's New Year holidays in February, Fastmarkets heard.In news, Chile - the world's top copper miner - is set to reach its peak total copper production in 2028 at 7.35 million tonnes, a 26.9% increase from 5.79 million tonnes in 2019,...Read More
The discount paid for ferro-nickel with 26-32% nickel content in China fell to its lowest level on Fastmarkets' records in December due to a lack of demand and no price competitiveness. Fastmarkets assessed the ferro-nickel premium/discount, 26-32% Ni contained, cif China at a discount of $1,800-2,200 per tonne on Tuesday December 29, widening from a discount of $1,000-1,300 per tonne on November...Read More
Shipments of copper scrap for import into China have been trading at a bigger discount in December, with many cargoes stranded at Chinese ports while customs officials carry out inspections under the new import policy."For birch/cliff covered with paint or other impurities the samples are sent to laboratories, so it is taking a long time for clearance," a scrap importer said. A scrap trader said c...Read More
Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.In late December bankruptcy trustee Mateusz Bienioszek signed a lease agreement for Huta Czestochowa with Corween Investments, several sources familiar with the matter told Fastmarkets "I ca...Read More
Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.On Monday December 28, bankruptcy trustee Mateusz Bienioszek signed a lease agreement for Huta Czestochowa with Corween Investments, several sources familiar with the matter told Fastmarkets...Read More
Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.Hyundai closed two EAFs at its Incheon works in mid-October due to a $100-million upgrade of its steel beam rolling process, the spokesman said on Tuesday December 29.Following the update, South Korea's second largest steelma...Read More
China's hot-rolled coil (HRC) prices continued to fall on Wednesday December 30 despite the Minister of Industry and Information Technology saying the country would further cut its crude steel output the day prior, Fastmarkets heard.DomesticEastern China (Shanghai): 4,510-4,530 yuan ($691-694) per tonne, down 40-50 yuan per tonneSeveral Shanghai-based traders told Fastmarkets that sellers there ha...Read More
China's domestic rebar prices were unchanged on Wednesday December 30, supported by futures gains amid weakened demand.DomesticEastern China (Shanghai): 4,430-4,450 yuan ($678-681) per tonne, unchangedRebar futures picked up after two days' of losses, but participants did not expect prices to continue trending higher amid the slow season.End-user demand has been weak in the past few days due to ba...Read More
Seaborne iron ore prices fell on Wednesday December 30 amid weakened market sentiment while the iron ore lump premium made more gains amid increased demand over winter, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $159.85 per tonne, down $3.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $161.25 per tonne, down $2.25 per tonne58% Fe fines high-grade premium, cfr Qingdao:...Read More
Seaborne premium hard coking coal prices in the fob and cfr markets diverged slightly on Wednesday December 30 while market participants were in wait-and-see mode as the New Year approaches.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.39 per tonne, down $0.49 per tonnePremium hard coking coal, cfr Jingtang: $200.06 per tonne, up $0.26 per tonneHard coking coal, fob DBCT: $90.05 per...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.Fastmarkets assessed Cobalt...Read More
Seaborne prices of both low- and high-grade manganese ore in China continued to find support from persistent strength in the portside ore and alloy markets in the latest pricing period ended Tuesday December 29, despite the absence of some participants due to the Christmas holidays. Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose 18 cents (4.6%) week on week to $4.12 per dry metric tonne...Read More
The latest data for the global manganese ore market for the week ended December 29, 2020.Read More