The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese blast furnace (BF) utilization rates have stagnated and iron ore port stock volumes are rising, reaching their highest levels since March, which suggests that iron ore supply is becoming excessive while demand is not growing. Unsurprisingly, prices dropped last week and we expect the trend to continue. The market has...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More
Aluminium primary foundry alloy (PFA) premiums in Europe rose to near pre-Covid-19 levels on Friday November 13 due to strengthening demand, while the premium in the United States held at the previous monthly assessment range in quiet conditions.European premiums up on demand recoveryPFA premiums continued to move higher, with demand in the region remaining strong due to fears of Covid-19-related...Read More
Aluminium billet premiums in Europe rose during the week to Friday November 13, with strong spot demand and low nearby supply driving premiums higher. Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $300-340 per tonne on Friday, up by $10 on the high end from $300-330 per tonne the week before. Fastmarkets' weekly assessment of the aluminium 606...Read More
Copper concentrate treatment and refining charges (TC/RC) fell in the second week of November while smelters in need of tonnes took to the market for nearby cargoes, sources told Fastmarkets on Friday November 13.Copper TC/RCs have ticked down after the range for spot terms between traders and smelters narrowed. As a result, Fastmarkets' copper concentrates TC index, cif Asia Pacific came in at $4...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
Copper concentrate treatment and refining charges (TC/RC) fell in the second week of November while smelters in need of tonnes took to the market for nearby cargoes, sources told Fastmarkets on Friday November 13.Copper TC/RCs have ticked down after the range for spot terms between traders and smelters narrowed. As a result, Fastmarkets' copper concentrates TC index, cif Asia Pacific came in at $4...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 13. China The spot ferro-silicon market held steady for a ninth consecutive week with spot cargoes mostly traded at the upper end of the range. Positive market sentiment remained, with participants expecting prices to strengthen amid supply tightness and a bullish futures market.The most-tr...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 13. Asia High stock volumes weakened sentiment for seaborne manganese ore of both grades. Liquidity was light as a result of miners having sold out their December volumes in the previous week. Traders of portside manganese ore raised their offer prices in response to stron...Read More
An overview of the aerospace materials markets and the latest price moves.Fastmarkets has reworked the market reports...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
The price of stainless steel scrap in Europe and the UK moved up this week because of tight supply and higher nickel costs, sources told Fastmarkets on Friday November 13.Fastmarkets' weekly assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?950-1,000 ($1,251-1,317) per tonne on Friday, up by ?20-50 per tonne week on week from ?930-950 per tonne.Prices in...Read More
Improving demand for finished and semi-finished steel products across the major outlets has increased scrap prices in the major markets over the week to Friday November 13.Turkish mills continued to pay more for deep-sea scrap cargoes, because they have secured a lot of rebar sales, while demand for billet in China drove up the prices in Asia. The supply of scrap, however, was tightening and suppo...Read More
The market for deliveries of steel scrap to domestic consumers in the UK has increased for contracts in November, bouncing on firm fundamentals, with tighter supplies into yards and strong demand from local and overseas buyers, industry sources said in the week to Friday November 13.The market to domestic steel mills and foundries, which is delivered on a monthly basis, has been settled at prices...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
China's battery-grade lithium carbonate producers continued to increase their offer prices in the week to Thursday November 12, citing reduced availability of materials, while the rest of the global market was characterized by limited spot buying appetite.China's battery-grade lithium carbonate producers remain bullish on the outlook for the rest of this year, pushing offer prices higher. China's...Read More
Continued growth in China's automotive sales and output during October has underpinned prices for some key upstream raw materials.China produced a total of 2.55 million vehicles last month, an increase of 11% from a year earlier, according to data released by the China Association of Automobile Manufacturers (CAAM) on Wednesday November 11. This marked the seventh consecutive month that both outpu...Read More
US hot-rolled coil prices continue to hover around $36 per hundredweight ($720 per ton) amid fears that scant spot availability could snarl downstream supply chains, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $35.96 per hundredweight on Friday November 13, little changed from $36 per cwt on November 12 and up 4.4% from $34.43 per cwt a we...Read More