The three-month aluminium price on the London Metal Exchange led gains at the close of trading on Monday January 6, closing firmly above the $1,800-per-tonne support level despite just under 30,000 tonnes of rewarranting this morning, while the light metal's forward spreads widened over the day. Aluminium's outright price on the LME closed at $1,833 per tonne, topping daily gains across the comple...Read More
Fastmarkets copper concentrates treatment and refining charges (TC/RC) index was largely stable week on week due to quiet trading ahead of Lunar New Year on January 25. The copper concentrates TC/RC index was at $54.30 per tonne / 5.43 cents per lb on Friday January 3, compared little changed from $54.80 per tonne / 5.48 cents per lb a week ago. The index rose above $54 per tonne at the...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 0.9% month on month in November 2019, according to data released by major Japanese trading house Marubeni Corp. Aluminium stocks at the three ports totaled 321,200 tonnes on November 30, up 3,000 tonnes from the end of October, figures released on Monday January 6 showed. This follows a 2.6% month...Read More
Here are five Fastmarkets MB stories you might have missed on Monday January 6 that are worth another look.The global finished steel market in 2020 is set to be weighed down by a continuation of last year's weaker end-consumption rates, but there are bright spots coming in the longer term, Fastmarkets analysts forecast.Fastmarkets copper concentrates treatment and refining charges (TC/RC) index wa...Read More
UG2 chrome ore producers achieve higher sales prices amid improved sentiment.Chrome ore prices up on higher offersAlloy downtrend capped amid stronger upstream marketJapanese, South Korean markets flat during holidaysEuropean alloy prices riseUS prices slightly firmer on thin trader inventories.Prices for UG2 chrome ore rose on Friday January 3 after South African producers increased their offers...Read More
Seaborne manganese ore prices in China rose in the week ended Friday January 3 on support from reduced availability of material and improved sentiment after Hebei Steel increased its silico-manganese tender price by more than expected. The markets for higher and lower grades of manganese ore on a cif China and fob Port Elizabeth basis increased for the fifth consecutive week after some miners limi...Read More
Key data from the pricing session in London in the week to Friday January 3.Europe European antimony prices have begun the year under pressure but prices were barely changed due to the thin liquidity reported on spot basis, which capped any big decrease. Only the antimony MMTA standard-grade II, in-whs Rotterdam price adjusted downward by 0.1% after a deal was...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday January 3.ChinaKey drivers The price range for Chinese silicon 5-5-3 was flat week on week in a muted export market. Despite a quiet market, Chinese exporters held offer prices firm given the tight prompt availability of silicon and the rising domestic transportation cost, which usually doubles before the Lunar New Year ho...Read More
Turkish steel producers have returned to the deep-sea scrap markets for February cargoes with prices remaining largely stable, sources said on Monday January 6.Bookings of four deep-sea cargoes were heard after the daily indices closed late on Friday January 3.A steel mill in the Marmara region booked a US cargo comprising 20,000 tonnes of HMS 1&2 (90:10), 8,000 tonnes of shredded and 2,000 tonnes...Read More
Ferrous scrap prices in most global markets were stable in the week ended Friday January 3 amid an absence of significant spot trading activity due to the year-end festivities.Turkish market remains quiet. United States looks forward to strong start to new year. Taiwanese buyers cut bids. India continues to catch up with international markets. TurkeyTurkish imported scrap prices remained stable th...Read More
Turkish scrap prices have remained largely stable over the past week with the costs for imported scrap remaining similarly steady, sources said on Monday January 6.Only two steel mills have made slight changes in their buy prices for auto bundle scrap over the past seven days.Long steel mill IDC raised its buy price for the...Read More
Cobalt metal prices in China have risen steadily since late December due to a combination of restocking activity ahead of the Chinese New Year holiday (January 24-30) and a recent rally in share prices of domestic cobalt-focused companies.Fastmarkets assessed the price of cobalt 99.8% Co min, ex-works China at 270,000-285,000 yuan ($38,757-40,910) per tonne on Friday January 3, up by 15,000-20,000...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets prices Read More
The domestic price for hot-rolled coil in Northern Europe was stable on Monday January 6, due to limited trading activity after the holidays across Europe, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe, was stable day on day at ?,?439.38 ($490.13) per tonne on Monday January 6.The index was calculated based...Read More
The global finished steel market in 2020 is set to be weighed down by a continuation of last year's weaker end-consumption rates, but there are bright spots coming in the longer term, Fastmarkets analysts forecast. In some ways, 2019 looked very similar to the year before in the world's steel markets as momentum continued to slow from the supercharged year of 2017. From an apparent consumption vie...Read More
Turkish exports of flat steel products fell by 46.11% year on year to 406,321 tonnes in November 2019, according to the Turkish Statistical Institute (TUIK).This compares with a volume of 753,915 tonnes in November 2018, TUIK said.The decrease was also due to the fact that Turkish flat steel exports had increased by 139% year on year in November 2018.Coated flat-steel exports fell considerabl...Read More
Import prices for rebar in Singapore increased further over the past week after sellers kept their offers high. The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $460-465 per tonne for the week to Monday January 6, up $15 per tonne from a week earlier.Back-to-back o...Read More
China's domestic and export prices for rebar dropped slightly on Monday January 6 on weakening demand, though the futures market for the long steel product registered some gains amid optimism linked to a truce in the country's trade war with the United States.Eastern China (Shanghai): 3,680-3,710 yuan ($528-533) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,540-3,570 yuan per tonne,...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products....Read More
Turkish steel producers have returned to the deep-sea scrap markets for February cargoes with prices remaining largely stable, sources said on Monday January 6.Bookings of four deep-sea cargoes were heard after the daily indices closed late on Friday January 3.A steel mill in the Marmara region booked a US cargo comprising 20,000 tonnes of HMS 1&2 (90:10), 8,000 tonnes of shredded and 2,000 tonnes...Read More