Base Metal Stocks Articles

WEEKLY SCRAP WRAP: Global scrap prices jump on higher demand

February 25, 2020 / Staff reporter

Rising imported ferrous scrap prices in Turkey provided upward momentum to global scrap prices during the working week ended Friday February 21, with prices in most major import destinations surging due to the boost in demand.Turkish import scrap prices rise on buying spreeUS export scrap prices push upward on fresh Turkish dealsTaiwan import scrap prices surge on higher freight costs, Vietnam pri...Read More

IRON ORE DAILY: Prices steady as market awaits buyers' next moves

February 25, 2020 / Staff reporter

Seaborne iron ore prices were largely steady on Monday February 24 following an upward trend last week, with market participants contemplating the direction of prices for this week.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.88 per tonne, down $0.37 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.82 per tonne, down $0.34 per tonne.58% Fe fines high-premium, cfr Qingdao: $79.72...Read More

COKING COAL DAILY: Dearth of offers supporting prices

February 25, 2020 / Staff reporter

Seaborne coking coal prices were flat on Monday February 24, with market participants waiting for new drivers to emerge in China.Fastmarkets indicesPremium hard coking coal, fob DBCT: $159.20 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $167.13 per tonne, unchangedHard coking coal, fob DBCT: $141.63 per tonne, unchangedHard coking coal, cfr Jingtang: $149.44 per tonne, unchangedA co...Read More

Anglo American lowers 2020 met coal output guidance

February 25, 2020 / Staff reporter

Anglo American has revised its metallurgical coal production guidance for 2020 to 19-21 million tonnes, down by 2 million tonnes from an earlier guidance of 21-23 million tonnes, the miner said late last week.The lower guidance is due to a roof collapse at its Moranbah North mine in Queensland,...Read More

CHINA HRC: Low operating rates downstream weigh on prices in northern region

February 25, 2020 / Staff reporter

China's hot-rolled coil prices rose in the eastern region but weakened in the north on Monday February 24 on mixed sentiments caused by downstream industries' low operating rates despite many companies having resumed work.DomesticEastern China (Shanghai): 3,550-3,570 yuan ($505-508) per tonne, up 50 yuan per tonneNorthern China (Tangshan): 3,350-3,360 yuan per tonne, narrowing downward by 20 yuan...Read More

CHINA REBAR: Transactions among traders rise; end-user demand still weak

February 25, 2020 / Staff reporter

China's domestic rebar prices increased on Monday February 24 due to a pick-up in activity among trading houses, market participants said. Eastern China (Shanghai): 3,460-3,490 yuan ($492-496) per tonne, up 40 yuan per tonne Northern China (Beijing): 3,390-3,420 yuan per tonne, up 40 yuan per tonne Some traders took orders from end-users with delivery time in February and March in late...Read More

SILICON SNAPSHOT: Prices keep rising on tight supply amid coronavirus disruptions

February 25, 2020 / Staff reporter

Key data from the pricing session in Europe and Asia for the week ended Friday February 21. Europe Key driversPrices for silicon grades 4-4-1 and 5-5-3 jumped again in Europe due to a lack of prompt shipments exacerbating already tight supply.The novel coronavirus (2019-nCoV) outbreak has caused disruptions to the flow of material from China.A number of European buyers reported difficulty...Read More

GLOBAL ANTIMONY SNAPSHOT: Limited availability continues to support antimony prices in China, Europe

February 25, 2020 / Staff reporter

Key data from the pricing sessions in Asia and Europe in the week to Friday February 21. China Key drivers Some antimony suppliers lifted their offer prices again and were resistant to compromising on offers last week, citing limited available cargo, according to market sources. A number of producers and traders held off from offering in anticipation of higher prices in the coming week...Read More

UG2 chrome ore index dips on lower-than-expected Chinese ferro-chrome tenders for February

February 25, 2020 / Staff reporter

The price of UG2 chrome ore dropped in the week to Friday February 21 due to lower bids from alloy smelters after China's major stainless steel mills kept their February tender prices flat month on month. China's Tsingshan Group and Taiyuan Iron and Steel (Tisco) held their ferro-chrome tender prices for February delivery unchanged from January. The latest tender prices came as a shock to the mark...Read More

Chinese rebar takes center stage in Singapore

February 25, 2020 / Staff reporter

Chinese rebar remained the most competitively priced of imports of the long steel product in Singapore over the past week, edging out Turkish products.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $430-435 per tonne for the week to Monday February 24, unchanged fro...Read More