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...Read More
The export pig iron market from the Commonwealth of Independent States softened in the week ended Thursday November 4 due to demand from the United States at lower prices than neighboring markets.Fastmarkets' price assessment for high-manganese pig iron export, fob main port Black Sea, CIS $520-545 per tonne on November 4, down from $550 per tonne a week before.Buyers in the United States, who hav...Read More
Prices for shredded steel scrap imported into Pakistan and India dipped on Friday November 5 after trading slowed for both markets, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $557.89 per tonne on Friday, compared with $563.74 per tonne one week previous.Deals were heard at $552-562 per tonne in the reported...Read More
Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.Among the drivers for lower prices, the CEO cited capacity usage in...Read More
Fastmarkets opened a consultation on October 1, inviting feedback on its IOSCO-audited non-ferrous materials methodologies in line with our annual methodology review process.The consultation, which closed on October 31, sought to ensure that the specifications and methodology for our audited alumina, aluminium, cobalt, copper, lithium and manganese ore prices continue to reflect the physical marke...Read More
Prices for steel rebar in Poland inched lower during the week to Friday November 5 amid slower activity, with market participants expecting either a rollover or a slight increase in prices for November, Fastmarkets heard.Trading activity in the Polish rebar market slowed this week because local stockholders and distributors had previously replenished their stocks and were not chasing for material....Read More
Domestic prices of hot-rolled coil in Europe were fairly stable on Friday November 5, reflecting limited market activity, sources told Fastmarkets.Despite the lack of trading, sentiment remains positive in anticipation of restocking by distributors, upward pressure on prices from high energy and transport costs and because of the agreement reached between the United States and the EU on Section 23...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 assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 28.30-28.70 on Friday November 05, 2021....Read More
The Commonwealth of Independent States' (CIS) billet export price declined on Friday November 5 amid limited buying interest; most producers continued to hold back from trading.Trading activity remained limited in the Black Sea basin this week amid bearish sentiment.Softening scrap and long steel prices in Turkey, one of the key buyers of CIS billet, has made buyers cautious."The steel market is s...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 5, but for the most part they were on a back foot and looking vulnerable. At the same time, base metals prices on the Shanghai Futures Exchange were mainly weaker while they tracked the weakness on the LME on Thursday, and because weaker coal prices in China are less likely to cause metal producers to cut...Read More
The Commonwealth of Independent States' (CIS) billet export price declined on Friday November 5 amid limited buying interest; most producers continued to hold back from trading.Trading activity remained limited in the Black Sea basin this week amid bearish sentiment.Softening scrap and long steel prices in Turkey, one of the key buyers of CIS billet, has made buyers cautious."The steel market is s...Read More
Buyers in the Philippines have purchased imports of steel billet at largely flat prices despite the crash in the Chinese market this week, sources told Fastmarkets on Friday November 5.The Chinese ferrous futures markets have continued to nosedive this week, further reducing the prices in the country's domestic steel billet spot market. On Friday, key China market participants told Fastmarkets tha...Read More
Ferrous scrap prices in the global markets were unstable in the week ended Friday November 5 because deep-sea import prices in Turkey, the biggest scrap importer, fell earlier. But they rebounded toward the end of the week, while suppliers in the United States were able to resist the decline because of strong domestic demand. Turkish import prices rebounded late in the week Strong domestic demand...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 5.Susan Zou, Yingchi Yang and...Read More
The export pig iron market from the Commonwealth of Independent States softened in the week ended Thursday November 4 due to demand from the United States at lower prices than neighboring markets.Fastmarkets' price assessment for high-manganese pig iron export, fob main port Black Sea, CIS $520-545 per tonne on November 4, down from $550 per tonne a week before.Buyers in the United States, who hav...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was stable during the week to Friday November 5 on tight availability and steady dockside prices into export markets such as Turkey and the Indian subcontinent.With international scrap markets trading in United States dollars, the sterling/dollar exchange rate has a major effect on the UK's steel exports. Weaker sterling makes UK...Read More
Base metals prices on the London Metal Exchange mostly edged higher at the close on Friday November 5, after a week of volatility across the complex.The aluminium three-month price stabilized after falling 3.8% on Thursday. It closed at $2,556.50 per tonne, from $2,554 per tonne the previous day.The metal was once again the most traded with 21,689 lots traded on LMESelect by the 5pm close."Maybe [...Read More
Domestic rebar prices in China fell on Thursday November 4, but the rate of decline was slower than that a day earlier after the market was supported by tighter supply from steel mills and on the spot market.East China (Shanghai): 4,900-4,930 yuan ($765-770) per tonne, down by 50 yuan per tonneOver the week to Thursday, rebar output totaled 2.88 million tonnes, a decrease of 21,600 tonnes from the...Read More
Seaborne cfr coking coal prices dropped slightly on Friday November 5 with no trading activity, sources said, while ow-volatility PCI prices also declined following the downtrend in thermal coal prices.Fastmarkets daily indicesPremium hard coking coal, cfr Jingtang: $600.25 per tonne, down $0.63 per tonneHard coking coal, cfr Jingtang: $525.23 per tonne, unchangedPremium hard coking coal, fob DBCT...Read More
The north China steel production hub of Handan city in Hebei province has implemented stricter production cuts at steel mills from Monday November 1 to November 7.The move has been made is to mitigate weather-influenced air pollution over the period and comes just after the city finished implmenting steel production curbs in September and October to limit the crude steel output in line with China'...Read More