Seaborne iron ore prices advanced toward $95 per tonne cfr China on Friday January 3, with several deals concluded amid concerns over potential shipment disruptions in Australia as a result of a potential cyclone near the west coast.62% Fe fines, cfr Qingdao: $94.60 per tonne, up $0.55 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.69 per tonne, up $0.55 per tonne.62% Fe low-alum...Read More
China's domestic hot-rolled coil prices were largely steady on Friday January 3 amid an inactive market.DomesticEastern China (Shanghai): 3,900-3,910 yuan ($559-561) per tonne, narrowed downward by 10 yuan per tonneNorthern China (Tangshan): 3,640 yuan per tonne, unchangedMost sellers kept their prices unchanged, though a few of them lowered them slightly to generate sales.But buyers kept their pr...Read More
China's domestic rebar market was mixed on Friday January 3, with prices in the eastern region falling on supply pressure while those in the northern gained some strength in the absence of that factor.Eastern China (Shanghai): 3,690-3,720 yuan ($530-534) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,550-3,580 yuan per tonne, up 20-30 yuan per tonneSustained deliveries to the spot...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for selenium, 99.5% Se min, in-whs Rotterdam, click...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Fastmarkets is proposing to discontinue the calculation and publication of its China cobalt sulfate, Co 20.5% min, ex-works, adjustment to the low-grade cobalt low-end price. The China cobalt sulfate, exw standard-grade adjustment is calculated against Fastmarkets' assessment of the all-in exw China cobalt sulfate price and the low end of the standard-grade cobalt price. Fastmarkets has...Read More
Prices for stainless steel flat products in Europe moved down during the week to Friday January 3, sources Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,100-2,140 ($2,350-2,395) per tonne on January 3, down from ?,?2,130-2,150 per...Read More
Prices for austenitic grades of stainless steel scrap were unchanged during the week to Friday January 3 due to minimal market activity after the Christmas and New Year's holidays across Europe.Fastmarkets' price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK price held at ?1,150-1,180...Read More
Ferrous scrap prices in Asia have started to come off in the new year, with market sources expecting a downward trend to emerge in the near term.Taiwanese buyers lowered their bids this week in the face of limited offers, especially after domestic billet prices in Turkey started to dip. Major Turkish mills were reported to have lowered their offers for the semi-finished product by $5-10 per tonne....Read More
(Updates with closing prices) By Peter Hobson LONDON, Jan 3 (Reuters) - Copper and most other industrialmetals fell on Friday as the killing of a top Iranian commanderby the United States sent shockwaves through markets, pushingoil prices sharply higher.Investors rushed to safe-haven assets such as gold and stockmarkets fell as Iran said it would seek revenge. Benchmark copper on the London Metal...Read More
The three-month price of zinc on the London Metal Exchange had made the greatest gains at the close of trading on Thursday January 2, with the price breaching nearby resistance levels, but copper futures failed to close above the $6,200 per tonne threshold despite an afternoon spike.Zinc's outright price closed at $2,310 per tonne in the afternoon, the highest close since December 27, while tradin...Read More
The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Thursday January 2.Please click...Read More
The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More
Gerald has appointed Patricia Nikolopoulos as its new chief financial officer and to its board of directors, the company said on Monday December 30. Nikolopoulos, who was formerly CFO of Gerald's North America business, is formally replacing Vittorio Conti who left...Read More
The Chinese city of Ganzhou has launched an exchange for physical trading of rare earths and other minor metals. The Ganzhou Rare Metal Exchange was launched on December 31, 2019, according to the Association of China Rare Earth Industry. The Ganzhou exchange will trade cobalt, rare...Read More
The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More
Turkish steel mills remained quiet in the deep-sea scrap import market on Thursday January 2, with most suppliers staying out of the market due to the year-end holidays, sources told Fastmarkets.Turkey's deep-sea scrap import market has been silent since December 20, when a Baltic Sea cargo was booked at $303 per tonne cfr.Sentiment, however, has now turned negative becaus...Read More
The outlook for US aluminium scrap prices in 2020 appears gloomy on the surface while the market in the United States remains plagued by oversupply, market sources say.But pockets of optimism remain, with some participants suggesting that prices have now bottomed out."It changes every day. One day people think [China's] going to take more product, more copper and aluminium, and the next day everyo...Read More