Fastmarkets proposes to change the publication time of its Latin American steel price assessments to Friday at 2-3pm New York time from Friday 2-3pm London time.This proposal affects the following price assessments: Steel hot-rolled coil (dry) export, fob main port Latin America, $/tonne - MB-STE-0133 Steel hot-rolled coil import, cfr main ports South America, $/tonne - MB-STE-0102 ...Read More
Turkish steel producers have resumed their deep-sea scrap purchasing at slightly higher prices, sources said on Tuesday July 14.A steel producer in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $257 per tonne, 27,000 tonnes of shredded at $262 per tonne and 3,000 tonnes of bonus at $267 per tonne cfr.This compared with transactions for US material at...Read More
Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW), has reported a decline in second-quarter output and sales due to weakness in the steel industry caused by measures put in place to combat the Covid-19 pandemic.Slower demand for blast furnace coke across the EU due to Covid-19 has had a significant negative impact on JSW's results for the second quarter of 2020, the company said...Read More
Seaborne iron ore prices continued to rise on Tuesday July 14 but the bullish sentiment is cooling due to concerns over flooding in several parts of southern China, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.48 per tonne, up $1.39 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $114.26 per tonne, up $1.41 per tonne. 58% Fe fines high-grade premium, cfr...Read More
Seaborne premium hard coking coal prices declined on Tuesday July 14 after several transactions were concluded at lower prices, with sources reporting a burst in trading over the day following inactivity last week. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.11 per tonne, down $1.38 per tonne Premium hard coking coal, cfr Jingtang: $121.57 per tonne, down $1.54 per tonneHard coking...Read More
Domestic prices for ferrous scrap in Italy were fairly stable in the month up to Monday July 13, with limited demand from steel mills balanced by reduced scrap supply from the automotive industry. Fastmarkets' monthly price assessment for steel scrap, E40 shredded, delivered to mill, Italy was ?,?220-240 ($249-272) per tonne on July 13, unchanged over the month. And the monthly price assessme...Read More
The three-month zinc price on the London Metal Exchange was the standout underperformer during morning trading on Tuesday July 14, wiping out gains made on Monday amid continued market volatility. Zinc's outright price on the LME was recently seen at $2,208.50 per tonne, falling by more than 2% from Monday's closing price of $2,261.50 per tonne, while turnover was moderate at over 3,600 lots excha...Read More
Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty. China's imports and exports climbed in June, a sure sign of improved economic conditions, albeit after months of hardship.United States President Donald Trump said last week he was no...Read More
China's ferro-chrome market has been rising, with incremental increases in its annual output since 2015, and that momentum has extended despite the market being faced with a series of challenges in the first half of the year.This includes a wave of Covid-19-related production cuts and the supply disruptions to South Africa's chrome ore and while the market approaches the second half of 2020, the m...Read More
China's vanadium alloy prices consolidated in the week to Thursday July 9 after many domestic alloy suppliers refused to compromise further on prices and mills' buying interest gradually waned after having completed restocking in previous weeks, market sources told Fastmarkets. Many domestic suppliers for vanadium alloys including both ferro-vanadium and vanadium nitrogen were reluctant to lower o...Read More
Asian-Pacific equities were mixed this morning, Wednesday July 15, with markets in China and Hong Kong lower, while other markets in the region and pre-market major western equity markets were firmer.The base metals traded on the London Metal Exchange and Shanghai Futures Exchange gave a similarly divergent performance; three-month base metals prices on the LME mostly edged higher this morning, wh...Read More
TSX Composite Index moved above $15,980.07 and the TSX 60 Index moved above 963.58 to a 4 month high extending an intermediate uptrend.Equity indices and related ETFs tracking equity markets outside of North America are breaking to four month highs extending intermediate uptrends. EAFE (EFA) moved above $73.76.European iShares were notable for their breakouts to four month highs:Other breakouts by...Read More
(Updates prices) By Eric Onstad LONDON, July 14 (Reuters) - Copper prices slipped on Tuesdayafter a steep rally on worries about rising coronavirus casesand friction between the United States and top metals consumerChina. Copper had soared about 50% from its 45-month lows touchedin March to a two-year peak hit on Monday, largely on supplyconcerns from the biggest producer Chile. But copper stumble...Read More
Here are five Fastmarkets stories you might have missed on Monday July 13 that are worth another look.Brazilian miner Vale has entered into a non-binding agreement with Japanese companies Kobe Steel and Mitsui to form a low-emission steel joint venture, it said in a filing to Brazil's securities commission CVM on July 13.Russian multi-metal miner Nornickel reported a second Arctic fuel spill durin...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Monday July 13. The index was calculated at $277.26 per tonne, up from $275.49 per tonne on Friday July 10 and at its highest since March 19. Key drivers: Multiple deals concluded after publication on Friday July 10 for September loading. The highest deal was concluded at $284 per tonne fob Western Aust...Read More
Russian multi-metal miner Nornickel reported a second Arctic fuel spill during an aviation refueling exercise, the company said on Sunday July 12.Around 44.5 tonnes of fuel was lost at subsidiary Norilsktransgaz's pipeline in Tukhard, Krasnoyarsk, due to pipeline depressurization, which occurred at 11.15am on Sunday and lasted approximately 15 minutes, the company said.No casualties were repo...Read More
Here are five Fastmarkets stories you might have missed on Monday July 13 that are worth another look.Brazilian miner Vale has entered into a non-binding agreement with Japanese companies Kobe Steel and Mitsui to form a low-emission steel joint venture, it said in a filing to Brazil's securities commission CVM on July 13.Russian multi-metal miner Nornickel reported a second Arctic fuel spill durin...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Monday July 13. The index was calculated at $277.26 per tonne, up from $275.49 per tonne on Friday July 10 and at its highest since March 19. Key drivers: Multiple deals concluded after publication on Friday July 10 for September loading. The highest deal was concluded at $284 per tonne fob Western Aust...Read More
The Chinese alumina price rose to its highest level in four months on Thursday July 9, supported by a strong aluminium futures price on the Shanghai Futures Exchange. Fastmarkets' weekly assessment for alumina metallurgical grade, ddp China soared to 2,400-2,450 yuan ($343-350) per tonne on July 9, up by 100-120 yuan per tonne in a week from 2,300-2,330 yuan per tonne on July 2. The price is...Read More
The latest data for the global manganese ore market for the week ended July 13, 2020.Read More