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...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More
Producers and consumers of stainless steel in Europe are operating with very thin margins that leave little room for changes to prices.The price of stainless steel in the European domestic market was unchanged throughout this week in sluggish trading conditions, sources told Fastmarkets on Friday June 19. With demand for stainless steel subdued because of the effects on the regional and global eco...Read More
The European Commission (EC) will skip the implementation of provisional measures into an anti-subsidy case on hot-rolled (HR) flat stainless steel originating from China and Indonesia, Fastmarkets understands. "The Commission informs interested parties that it will not impose provisional measures. The investigation will be continued," the EC said on June 18.The provisional measures were supposed...Read More
The price of 18/8 stainless steel scrap in the UK domestic market moved up this week because of higher nickel costs and tight supply, sources told Fastmarkets on Friday June 19. Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?800-830 ($998-1,036) per tonne on Friday, up by ?20-30 per tonne week on week. On the London Metal Exchange...Read More
The price of containerized ferrous scrap imports into India dipped this week after a change in sentiment following the continued pause on trading, sources told Fastmarkets on Friday June 19.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $282.25 per tonne on Friday, down from $285.89 per tonne one week previous.This is the first downward movement since Ma...Read More
Spot demand for imported ferrous scrap in key Asian market Vietnam slowed in the week to Friday June 19 after buyers noted a dip in prices from the middle of the week. Offers for bulk Japanese H2 cargoes were at $275-280 per tonne cfr southern Vietnam at the start of the week and had fallen to $270 per tonne cfr southern Vietnam on Friday. There was a transaction at $270 per tonne cfr Vietnam in t...Read More
Taiwanese buyers of containerized ferrous scrap slowed down their purchases of imports this week amid falling offers and increased supply. Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $252-253 per tonne on Friday June 19, unchanged from Thursday but up by $2-3 per tonne from $250 per tonne cfr Taiwan on...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.Workers of Tata Steel's Dutch operations have planned another strike during the night shift, which will affect the hot zone, the trade union FNV Metaal said on June 18.Brazilian iron ore and metals producer Vale has scheduled the reopening of its Canada-based Voisey's Bay nickel unit to early Ju...Read More
The three-month zinc price on the London Metal Exchange was the top performer at the close of trading on Thursday June 18, with steady buying prompting its highest close since February, while copper futures consolidated above nearby support levels over the afternoon.Zinc's underlying price on the LME closed at $2,052 per tonne at 5pm London time, climbing from an intraday low of $2,012.50 pe...Read More
The London Metal Exchange three-month copper price rose during morning trading on Thursday June 18, breaching nearby resistance levels after a sizable fresh cancellation, while zinc futures maintained Wednesday afternoon's gains in a steady consolidation above $2,000 per tonne.LME copper's outright price was recently at $5,847.50 per tonne, climbing by over 1% from Wednesday's closing price of $5,...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.Workers of Tata Steel's Dutch operations have planned another strike during the night shift, which will affect the hot zone, the trade union FNV Metaal said on June 18.Brazilian iron ore and metals producer Vale has scheduled the reopening of its Canada-based Voisey's Bay nickel unit to early Ju...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.Workers of Tata Steel's Dutch operations have planned another strike during the night shift, which will affect the hot zone, the trade union FNV Metaal said on June 18.Brazilian iron ore and metals producer Vale has scheduled the reopening of its Canada-based Voisey's Bay nickel unit to early Ju...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.Workers of Tata Steel's Dutch operations have planned another strike during the night shift, which will affect the hot zone, the trade union FNV Metaal said on June 18.Brazilian iron ore and metals producer Vale has scheduled the reopening of its Canada-based Voisey's Bay nickel unit to early Ju...Read More
Domestic prices for ferrous scrap in Germany have increased by about ?,?5-10 per tonne month on month in June, sources told Fastmarkets on Thursday June 18.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?235-245 ($264-275) per tonne on June 18, up by ?,?5 per tonne month on month from?,?230-240 per tonne in mid-May....Read More
Turkish steel mills booked no deep-sea cargoes on Thursday June 18, with a growing number of market participants now believing that prices have reached a peak, sources told Fastmarkets.News of a US deal from the beginning of the week was, however, heard on Thursday.A steel mill in the Izmir region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $265 per tonne and 15,000 tonnes of...Read More
Export prices for steel scrap from Japan remained largely unchanged in the week to Wednesday June 17, but market participants expecting to see lower prices in the next bookings.Japan's export scrap prices for H2 heavy scrap have been on a consistent upward trend since early April, but the high prices have put off many buyers over the past week, with key consumers in Taiwan concentrating...Read More
Markets were mixed again this morning, Thursday June 18; equity indices were weighing up the possible impact of second waves of Covid-19 against the supportive measures governments continue to provide and pledge. Asian-Pacific equity markets were mainly weaker this morning, as were pre-market major western equity index futures; the exception was China's CSI 300 Index. Developing Asian countries to...Read More
On Thursday June 18, Fastmarkets launched two trade logs covering battery-grade lithium prices. The battery-grade lithium carbonate and lithium hydroxide trade logs cover the following prices: Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, $/kg ...Read More
Key data from the Wednesday June 17 pricing session in London. Key drivers Increased spot inquiry fails to continue into this week, with market participants indicating a short round of pre-summer restocking, that has now been concluded. Sources say strong...Read More