Both seaborne and futures iron ore prices were flat on Wednesday October 7 with no visible activity on trading platforms during the Chinese Golden Week holiday and limited swaps trading volumes. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged58% Fe fines high-grade premium, cfr Qingdao: $111.76 p...Read More
Seaborne coking coal prices were largely unchanged on Wednesday October 7 amid limited trading activity, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.60 per tonne, up $0.14 per tonne Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchangedHard coking coal, fob DBCT: $113.52 per tonne, unchanged ...Read More
London Metal Exchange three-month base metals prices, except tin, ticked up during the morning on Wednesday October 10 despite news that United States President Donald Trump will not hold long-awaited fiscal stimulus talks with US Democrats until after the Presidential election on November 3.Discussions regarding the proposed US $2.2 trillion relief bill are ongoing, revised down from the original...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Wednesday October 7, while equity markets were mixed. US Federal Reserve chair Jerome Powel warned too little stimulus is worse than too much.International Monetary Fund chief Kristalina Georgieva warns economic "calamity is far from over".US President Donald Trump postpones stimulus talks with Democrats unt...Read More
Aluminium premiums across the globe were mostly unchanged amid low liquidity in the week to Tuesday October 6, with all eyes on the narrowing London Metal Exchange spreads.Low liquidity for Rotterdam premiumsUS participants look to November for clarity on Canadian unitsEnd of the import quota in BrazilNorth Asia spot premiums unchanged on stable demandRotterdam flat; Spain, Italy catch upPremiums...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The chromium metal market is facing oversupply after orders from the aerospace sector stalled, resulting in increased competition for business among suppliers, sources told Fastmarkets. Chromium metal in its higher purity is used to create a variety of superalloy components including turbine blades for the aerospace industry, due to its high resistance to corrosion. "Demand [from aerospace] is dow...Read More
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 transparency into the markets it covers and the pricing...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,...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 7. Key drivers A persistent and seemingly increasing tightness in titanium scrap is propelling scrap and ferro-titanium prices for the fourth and fifth weeks in a row respectively. Ferro-titanium producers say they are worried about securing enough scrap in coming weeks, with volumes falling from traditional sect...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Thursday October 8, while equity markets were mainly upbeat because US fiscal packages may still be forthcoming.* US President Donald Trump changed his tune on Wednesday, from postponing stimulus talks with the Democrats to encouraging them to pass a string of single rescue packages to targeted areas.* Likewise, with Democrat...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More
London Metal Exchange three-month base metals prices continued to consolidate at the close on Tuesday October 6, with China's absence during the regional Golden Week holiday being felt, with the complex somewhat directionless as a result.LME futures prices, with the exception of aluminium and nickel, retraced previous gains in the afternoon trading session in anticipation of China's return to the...Read More
The partnership between Anheuser-Busch InBev (AB InBev) and Rio Tinto to create beer cans made from low-carbon aluminium is the inaugural step in a broad-based, long-term journey, executives at the two companies said.The venture will focus initially on the North American market and is a first for the canned beverage industry, according to Hudson Moore, global director, metal, at the global procure...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More
An overview of the chrome ore and alloy markets and their latest price moves.Europe The market for high-carbon material was stable, with a broad range of prices still being reported, although transaction volumes were relatively low. Many market participants had begun negotiations for long contracts for 2021, with participants reporting...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More
Mexican ferrous scrap prices remained stable in the week ended Friday October 2, amid a downturn in market sentiment and fears among sellers that prices could fall later this month.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Bajio, at 6,450 pesos ($290) per tonne on Tuesday October 6, and the corresponding steel scrap No1 heavy melt, consumer buying pr...Read More
Fastmarkets proposes to launch a weekly Pakistan import shredded steel scrap index to complement Fastmarkets' existing steel scrap prices in the South Asia region.Fastmarkets proposes to launch a new weekly price index for the Pakistan shredded steel scrap import market following feedback that such an index would be of value to market participants, both by itself and in conjunction with Fastmarket...Read More
Base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday October 6, as were Asian-Pacific and pre-market major western equity index futures. US President Donald Trump's return to the White House boosts confidence.Markets have become more risk-on, although gold prices are holding up well too.Base metalsThree-month base metals prices on the LME were for the...Read More