An overview of the chrome ore and alloy markets and their latest price moves.China The UG2 chrome ore price fell again after Tsingshan's lower December ferro-chrome tender price dampened market sentiment. Buyers made aggressive bids amid high port inventories and a bearish market outlook. Domestic spot ferro-chrome prices...Read More
Pfizer (PFE), a Dow Jones Industrial stock moved above $40.40 to an all-time high extending an intermediate uptrend. The stock responded to news that the United Kingdom has given fast track approval for Pfizer's COVID 19 vaccine.Advanced Micro Devices (AMD), a NASDAQ 100 stock moved above $94.28 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday December...Read More
Here are five Fastmarkets stories you might have missed on Monday November 30 that are worth another look.Italian authorities will finalize their takeover of a share in flat steel producer ArcelorMittal Italia on December 10, trade unions Fiom-Cgil and Uilm said on November 30.The first deal for...Read More
Alcoa Corporation will sell its Warrick Operations rolling mill near Evansville, in the US state of Indiana, for $670 million - including $587 million in cash - to Kaiser Aluminum, with the transaction expected to close by April 2021, Alcoa said on Monday November 30.Alcoa will continue to operate the smelter - which has capacity of 269,000 tonnes per year - and power plant at the location. The ro...Read More
Copper and aluminium prices reached new year-to-date highs at the close of trading on the London Metal Exchange on Monday November 30, while the rest of the base-metals complex showed dips in their three-month prices.Copper rose to $7,580 per tonne at 5pm on Monday, up by 1% from Friday's closing price of $7,499.50 per tonne and setting a new year-to-date high.The red metal also went up to $7,708....Read More
The latest data for the global manganese ore market for the week ended November 30, 2020.Read More
Seaborne prices of both low- and high-grade manganese ore in China were slightly lower in the week to Friday November 27, slowing an earlier downtrend prior to the release of miners' next offer prices and Hebei Steel's final purchase price for December-delivery silico-manganese, market sources told Fastmarkets. Fastmarkets' manganese ore index 37% Mn, cif Tianjin fell by 1 cent (0.3%), week o...Read More
Here are five Fastmarkets stories you might have missed on Monday November 30 that are worth another look.Italian authorities will finalize their takeover of a share in flat steel producer ArcelorMittal Italia on December 10, trade unions Fiom-Cgil and Uilm said on November 30.The first deal for...Read More
The tantalum concentrate market rebounded on Friday November 27, after hitting its lowest level so far in 2020 last week, due to a return of some consumer activity in the spot market. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $50-55 per lb on Friday, up from the previous week's assessment of $48-50 per lb. The market is now trading at its highest in two mo...Read More
European ferro-titanium prices could hit multi-year highs in the coming weeks against strengthening demand from steelmakers and increasingly tight supplies of scrap, alloy suppliers in Europe told Fastmarkets. Delivered duty-paid prices in Europe will set a new annual peak if prices increase at all from the top end of the current range, and the market will equal a more than six-year high if prices...Read More
Turkish domestic scrap prices continued to increase over the past week because of the rising costs for imported scrap, sources said on Monday November 30.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,600-2,645 lira ($330-336) per tonne on Monday, up from the 2,250-2,545 lira per tonne of last week.Long and flat steelmaker ??olakoglu and...Read More
Base metals prices were mainly stronger this morning, Monday November 30, helped by strong Chinese manufacturing purchasing managers' index (PMI) data and a weaker dollar, but some of the metals are starting to look tired.Chinese manufacturing PMI climbed to 52.1 in November, up from 51.4 in OctoberChinese non-manufacturing PMI climbed to 56.41 in November, up from 56.2 in OctoberBase metals The t...Read More
The tantalum concentrate market rebounded on Friday November 27, after hitting its lowest level so far in 2020 last week, due to a return of some consumer activity in the spot market. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $50-55 per lb on Friday, up from the previous week's assessment of $48-50 per lb. The market is now trading at its highest in two mo...Read More
Here are five Fastmarkets stories you might have missed on Monday November 30 that are worth another look.Italian authorities will finalize their takeover of a share in flat steel producer ArcelorMittal Italia on December 10, trade unions Fiom-Cgil and Uilm said on November 30.The first deal for...Read More
Domestic prices for steel hot-rolled coil increased again across Europe in the week to Friday November 27, due to tight supply from both domestic and overseas suppliers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?560.00 ($669.88) per tonne on Friday, up by ?,?18.75 per tonne week on week and by ?,?61.67 per tonne month on month.Friday's index...Read More
Domestic hot-rolled coil prices in Northern Europe went up day on day on Monday November 30, supported by good order books at the mills, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?561.15 ($671.26) per tonne on Monday, up by ?,?1.15 per tonne from ?,?560.00 per tonne on Friday.The index was up by ?,?18.65 per tonn...Read More
Brazilian steelmakers will raise the domestic price for long steel products such as rebar by an average of 12% in December, market participants have told Fastmarkets.This will make it the sixth consecutive month of higher prices in Brazil, because of the quick demand recovery from 2020 lows caused by the Covid-19 pandemic. Long steel producers increased prices by around 10% in November.Fastmarkets...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow increased again on higher offers from mills in the week to Monday November 30, reflecting export market growth, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 42,000 roubles ($552) per tonne including 20% value-added tax on Monday, up fro...Read More
Traders are getting bolder in taking rebar positions in the Singapore import market amid the continued rise in long steel prices in Asia, sources said.A transaction was concluded at $517 per tonne cfr Singapore on a theoretical weight basis for Turkish rebar by a Europe-headquartered trader, a buyer source said. The quantity for the February-shipment cargo could not be confirmed.The is in line wit...Read More
Turkish domestic scrap prices continued to increase over the past week because of the rising costs for imported scrap, sources said on Monday November 30.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,600-2,645 lira ($330-336) per tonne on Monday, up from the 2,250-2,545 lira per tonne of last week.Long and flat steelmaker ??olakoglu and...Read More