Prices for steel scrap imported to Bangladesh moved down again over the past week, but sellers will resist any further price drops, market sources told Fastmarkets.At least one bulk cargo was booked from the US West Coast to Bangladesh over the past fortnight, with another sale said to be possible if sellers accept lower prices, sources told Fastmarkets.Reduced prices have been...Read More
Seaborne coking coal prices diverged on Friday July 3, with market participants taking a wait-and-see attitude toward the market, Fastmarkets was told.Fastmarkets indicesPremium hard coking coal, fob DBCT: $114.60 per tonne, up $0.11 per tonne Premium hard coking coal, cfr Jingtang: $125.50 per tonne, down $1.27 per tonneHard coking coal, fob DBCT: $92.83 per tonne, up $0.33 per tonneHard coking c...Read More
China's domestic rebar prices edged up on Friday July 3 on higher trading activity amid a rising futures market, but the near-term outlook remains bearish. DomesticEastern China (Shanghai): 3,510-3,540 yuan ($497-501) per tonne, up by 10 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,630-3,660 yuan per tonne, unchanged from June 29Traders raised rebar prices slightly following futur...Read More
Market activity in the domestic Chinese alumina market jumped up in the second half of the week to Thursday July 2 after the Shanghai Futures Exchange aluminium futures price rose to its highest since January 23. Fastmarkets assessed the alumina metallurgical grade, ddp China price at 2,300-2,330 yuan ($325-330) per tonne on Thursday, up from 2,250-2,280 yuan per tonne the week prior. This is...Read More
China's hot-rolled coil prices rebounded on Friday July 3, with rising futures bolstering sentiment. Some importers have started to worry about the delivery of Indian cargoes amid rising tensions between China and India.DomesticEastern China (Shanghai): 3,740-3,760 yuan ($529-532) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,620-3,650 yuan per tonne, up 10-20...Read More
Key data from Fastmarkets' pricing session in London and Shanghai on Friday July 3.Key drivers- Spot payables edged higher, and were now at levels last seen in March. Activity was still reasonably thin but many suppliers were holding...Read More
The cobalt alloy grade, in-whs Rotterdam trade 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 process it applies. Fastmarkets assessed cobalt alloy...Read More
The cobalt standard grade, in-whs Rotterdam trade 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 process it applies.Fastmarkets assessed cobalt...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
The strength in the Chinese cobalt futures market since mid-week has buoyed domestic cobalt metal prices, despite lackluster spot demand, sources told Fastmarkets on Friday July 3.Fastmarkets' assessment for cobalt 99.8% Co min, ex-works China rose to 238,000-244,000 yuan ($33,677-34,526) per tonne (equivalent to approx. $13.51-13.86 per lb, minus China VAT) on Friday July 3, up 1.3% from 235,000-...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Markets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.China's Caixin services purchasing managers index (PMI) climbed to 58.4 in June, from 55 previously. James Bullard, president of the Federal Reserve Bank of St Louis, told the Financial Times that a wav...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday July 3. China Seaborne manganese ore indices tumbled further amid lower offers in response to falling portside ore prices and alloy futures, as well as lower-than-expected tender results for July-delivery silico-manganese from Hebei Steel. Buyers hold out from restocking amid expectations the...Read More
Key data from the pricing sessions in Asia, Europe and the United States in the week ending Friday July 3.China The domestic price rallied due to persistent supply tightness while the market awaits for the release of July tender prices from major steel mills. The export price widened upward...Read More
Import prices for containerized ferrous scrap in Taiwan declined further this week, with steelmakers holding back amid a weakening market for the steelmaking raw material in Asia.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $230 per tonne on Friday July 3, down by $2 per tonne from Thursday but $15 per t...Read More
Import prices for ferrous scrap in Vietnam continued on a downward trend in the week to Friday July 3, with bearishness steadily growing among market participants.There was a transaction at $247 per tonne cfr Vietnam for a bulk Japanese H2 cargo early this week. But transaction prices fell to $243 per tonne and $245 per tonne cfr Vietnam toward the end of the week. Offers fell to $245-250 per tonn...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
Chile produced 492,500 tonnes in copper content during May, up 1% from 487,800 tonnes in the corresponding month of 2019, according to data from the country's copper commission Cochilco on Thursday July 2.Chile has been increasing its copper production this year compared to falling volumes in other South American nations like Peru, where the Covid-19 pandemic forced units to close. Including May f...Read More
Three-month prices for base metals on the London Metal Exchange were higher at the close of trading on Thursday July 2, with positive employment statistics from the United States lending support to the complex, while forward-buying in LME copper futures prompted a tightening of the metal's forward curve.Economic data released in the afternoon from the US showed the country's unemployment rate for...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More