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...Read More
Spot cobalt metal prices in China rose on Wednesday December 23 following a sharp rally in local futures prices, while availability of spot cargoes has started to tightened after major producers held back from making offers due to a widening price gap between metal and sulfate.Fastmarkets' assessment for cobalt 99.8% Co min, ex-works China was 257,500-268,500 yuan ($39,370-41,052) per tonne on Wed...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 23. Key drivers After having risen for three consecutive weeks, China's domestic indium price ticked down amid weakening futures market and sparse buying interest.The January indium contract on the Wuxi Stainless Steel Exchange closed at 1,170 yuan ($179) per kg on Wednesday, down by 4.5% from 1,225 yuan per kg...Read More
Import prices for containerized ferrous scrap into Taiwan continued on an uptrend in the week to Thursday December 24 amid limited supply and strong demand. Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was at $440 per tonne on Thursday, unchanged day on day but up by $35-40 per tonne from $400-405 per t...Read More
The new coronavirus strain found in the United Kingdom has raised fears of scrap supply shortages which could feed the runaway prices in Asia, market sources told Fastmarkets in the week to Thursday December 24."The new strain could make scrap collection harder in Europe and wherever it spreads to, reducing the supply to markets such as Vietnam" a Japanese trader said.Scrapyards in key suppliers U...Read More
Key pricing data from the pricing sessions in Europe and Asia for the week ended December 24.China Most producers insisted on higher prices for battery grade lithium carbonate, citing a lack of material, and are targeting over 50,000 yuan ($7,658) per tonne for January 2021. China's industrial-grade lithium carbonate market reported offers of 43,000-46,000 yuan per tonne this week, but trading act...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
There were slight rises across the London Metals Exchange base metals complex on Wednesday December 23, led by a 1.5% uptick in nickel, after they dropped collectively earlier in the week following news of the rapid spread of a new strain of the Covid-19 virus in the United Kingdom. The three-month nickel price rose to $16,874 per tonne on Wednesday at the 5pm close from $16,614 per tonne on Tuesd...Read More
Chilean state copper producer Codelco has increased the volumes sold into annual cathode supply contracts for 2021, its chief commercial officer Carlos Alvarado told Fastmarkets this week.Codelco produces around 1.7 million tonnes of copper per year - equivalent to 7% of the world's total. The company's regional offers to customers tend to set a benchmark for similar annual supply deals that...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
The publication of Fastmarkets' China ferro-silicon price assessments for December 23 were delayed because of a reporting error on December 23. The Fastmarkets price book and database have both since been updated. The affected prices are: MB-FES-0001 Ferro-silicon 75% Si min, in-whs China, yuan/tonne MB-FEH-0001 Ferro-silicon 75% Si min export, fob China, $/tonne For more information or to provide...Read More
The latest data for the global manganese ore market for the week ended December 21, 2020.Read More
Chilean state copper producer Codelco has increased the volumes sold into annual cathode supply contracts for 2021, its chief commercial officer Carlos Alvarado told Fastmarkets this week.Codelco produces around 1.7 million tonnes of copper per year - equivalent to 7% of the world's total. The company's regional offers to customers tend to set a benchmark for similar annual supply deals that...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Sellers of Japanese scrap are looking to the domestic market instead of exports because of the higher margins that can be found there, market participants told Fastmarkets on Wednesday December 23.The massive increases in domestic scrap purchase prices by major Japanese mini-mill Tokyo Steel have also supported sentiment.The price-benchmark setter increased its purchase price for the 10th time in...Read More
China resuming steel scrap imports in 2021 will directly affect global steel markets because of supply shortages, speakers on the Turkey panel at Fastmarkets' recent Middle East Iron and Steel virtual conference said. China will end the ban on imports of ferrous scrap on January 1 after it reclassified certain qualities steelmaking raw materials under the new regulations. On Decemb...Read More
Base metals prices on the Shanghai Futures Exchange were mainly lower this morning, Wednesday December 23, while those on the London Metal Exchange were mixed.Metals and broader markets seem to be settling down and oscillating sideways ahead of the Christmas and New Year holidays, suggesting markets are content to consolidate while many cross currents muddy the waters. US President Donald Trump re...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More