Seaborne iron ore prices rose on Friday November 20 due to a rise in steel product prices, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $128.83 per tonne, up $0.94 per tonne62% Fe low-alumina fines, cfr Qingdao: $129.29 per tonne, up $0.93 per tonne58% Fe fines high-grade premium, cfr Qingdao: $118.69 per tonne, up $0.99 per tonne65% Fe Brazil-origin fines, cfr...Read More
Base metals prices on the London Metal Exchange all started Friday November 20 higher on hopes of future infrastructure spending and despite the fact that US Treasury Secretary Steven Mnuchin said the Federal Reserve would not to extend its emergency lending programs to businesses past the end of 2020.Copper's three-month price, for example, was up 1% to $7,164 per tonne from Thursday's closing pr...Read More
Eastern China's rebar prices strengthened further on Friday November 20 amid rising futures, and ended the week 130 yuan per tonne higher, raising the interest of mills in the country's northern region.DomesticEastern China (Shanghai): 4,190-4,220 yuan ($631-635) per tonne, up by 40 yuan per tonneNorthern China (Beijing) weekly assessment: 3,850-3,900 yuan per tonne, down by 60-80 yuan per tonnePr...Read More
The base metals were generally upbeat this morning, Friday November 20, supported by demand expectations and a weaker dollar. Metals unfazed by US Treasury Secretary Steven Mnuchin's call not to extend emergency lending programs to businessesEuropean Union still struggling to pass its ?,?1.18 billion ($1.40 billion) coronavirus rescue packageBase metals Three-month base metals prices on the London...Read More
Key data from Fastmarkets' pricing session on Friday November 20.Key drivers Transacted volumes were low in the daily pricing session, continuing a recent theme that was a result of the focus on annual contract discussions for both metal and hydroxide. Three sources that they had concluded some contracts, but others said...Read More
An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Ewa Manthey in London, Susan Zou, Amy Lv...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
The cobalt alloy 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...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...Read More
The cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide.....Read More
Secondary aluminium alloy prices continued to rise on Thursday November 19, with the spreads between the benchmark A380.1 and the less liquid A360.1 and A413.1 grades at the narrowest point since Fastmarkets began assessing these prices.Fastmarkets assessed aluminium alloy A380.1, delivered Midwest at 93-95 cents per lb on November 19, up 3.3% from 90-92 cents per lb the previous week and up ...Read More
Steelmakers in South Korea have focused on procuring steel scrap from their domestic market, along with some cut-price deals from Japan, over the past week, sources said on Friday November 20.At least three South Korean mills purchased H2 scrap from Japan at ?30,500 per tonne fob over the week - which is equivalent to around ?32,500 per tonne cfr South Korea, according to market participant...Read More
An ever-tighter supply of containers combined with low steel scrap generation in key export regions has led to another sharp increase to Bangladesh import scrap prices over the week to November 20, sources told Fastmarkets.Steel prices in Bangladesh remain flat amid an oversupply but mills that require material need to keep buying to keep their furnaces running despite the higher prices, market pa...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More
Lead showed the biggest increase in its three-month price at the end of trading on the London Metal Exchange on Thursday November 19, while prices for the rest of the base metals complex fluctuated after a flat morning trading session.The three-month price for lead was up by 1.54% on Thursday at 5pm, trading at $1,978.50 per tonne and up from Wednesday's closing price of $1,948.50 per tonne.This w...Read More
The London Metal Exchange three-month base metals prices were relatively flat on Thursday November 19, while fears of economic damage from a second-wave of Covid-19 lockdowns spread across the market. Tin's three-month price made the largest decline on Thursday morning, falling by 1.3% to $15,595 per tonne as of 9am. This follows a 0.9% decline from Tuesday as of 5pm on Wednesday, when the price w...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More
Kyle Morris has been appointed marketing manager at Kalahari Trading, the exclusive marketing agent of South African manganese ore producer United Manganese of the Kalahari (UMK).Morris started at Kalahari Trading on Monday November 16,...Read More
Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already started to happen.Independent metals trading companies operating out of Shanghai and Singapore - many of which launched during the early 2000s, surfing the commodities "supercycle" to bountiful profits - have seen risks to bus...Read More
Chinese prices for nickel pig iron (NPI) fell for the first time since early July despite continued strength in the upstream nickel ore market, raising questions over whether the latter is still sufficient to prop up NPI prices in China.Activity in China's NPI market has been muted since early October, with the lack of spot trading resulting in liquidity issues for some participants, in turn causi...Read More