Base Metal Stocks Articles

Trade log January 2020: Lithium

January 03, 2020 / Staff reporter

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More

2020 PREVIEW: Shifts in cobalt hydroxide procurement preferences leave door open to Asia spot trading hub

January 03, 2020 / Staff reporter

Cobalt hydroxide consumers will continue to have exposure to the spot market this year, with some of their requirements likely to be topped up from producer stocks held in Asian warehouses, sources told Fastmarkets. The creation of a nearby spot market has appeal in cutting the long shipping times, as well as reducing the potential for logistical difficulties and price risk associated with shippin...Read More

EUROPE HRC: Domestic prices largely unchanged in slow market

January 03, 2020 / Staff reporter

The domestic price for hot-rolled coil in Northern Europe was largely unchanged on Thursday January 2, due to slow trading activity, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, exw Northern Europe, was largely stable at ?,?439.17 ($492.27) per tonne on Thursday January 2, compared with ?,?439.39 per tonne on December 31.Market activity has...Read More

CHINA HRC: Domestic prices flat despite Tangshan's steelmaking curbs

January 03, 2020 / Staff reporter

China's domestic hot-rolled coil prices were flat on Thursday January 2 although Tangshan announced short-term steelmaking restrictions to improve air quality. DomesticEastern China (Shanghai): 3,900-3,920 yuan ($560-563) per tonne, unchangedNorthern China (Tangshan): 3,640 yuan per tonne, unchangedA large number of steel mills in northern China's steel hub of Tangshan were instructed to implement...Read More

IN CASE YOU MISSED IT: 5 key stories from January 2

January 03, 2020 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Thursday January 2 that are worth another look.The Chinese city of Ganzhou has launched an exchange for physical trading of rare earths and other minor metals. The outlook for aluminium scrap prices in the United States appears gloomy on the surface for 2020, with market sources noting that the US market remains plagued b...Read More

EUROPE REBAR: Trading activity subdued on holiday absences

January 03, 2020 / Staff reporter

The price of steel rebar in both the Northern and Southern European markets was unchanged this week, with trading activity not yet resumed after the year-end holidays, Fastmarkets heard on Thursday January 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was...Read More

EUROPE WIRE ROD: Trading activity yet to resume after year-end holidays

January 03, 2020 / Staff reporter

The price of steel mesh-quality wire rod in the Northern and Southern European markets was unchanged in the week to Thursday January 2 due to the lack of trading activity resulting from year-end holidays.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?450-460 ($504-516) per tonne...Read More

DAILY SCRAP REPORT: Sentiment turns negative on poor finished steel demand

January 03, 2020 / Staff reporter

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

IRON ORE DAILY: Prices rise despite rebar downturn, Tangshan restrictions

January 03, 2020 / Staff reporter

Iron ore prices advanced on Thursday January 2 despite a downturn in rebar and further production restrictions in China's steel hub of Tangshan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.05 per tonne, up $1.92 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.14 per tonne, up $1.92 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.35 per tonne, up $1.81 per t...Read More

IRON ORE MONTHLY: 65% Fe prices breach $100-per-tonne level again as 2019 ends

January 03, 2020 / Staff reporter

Prices for 62% Fe iron ore experienced a gradual recovery as 2019 came to an end, rising to the $90-per-tonne level, while the high-grade 65% Fe segment even breached $100 per tonne.Traded volumes for the Singapore Exchange's 65% Fe futures contract, which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, amounted to 1.994 million tonnes in December....Read More

EGYPT STEEL BILLET, REBAR: Prices stable, demand weak

January 03, 2020 / Staff reporter

Prices for steel billet and rebar in Egypt remained stable in the week to Thursday January 2 amid weak demand, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?10,000-10,580 ($622-658) per tonne ex-works including 14% VAT, unchanged since mid-December.Read More

TURKEY STEEL BILLET: Weak demand, falling long steel prices weigh on billet

January 03, 2020 / Staff reporter

Turkish billet prices have weakened over the past week in line with falling rebar and wire rod offers as well as poor demand, sources said on Thursday January 2. Fastmarkets' weekly price assessment for steel billet import, cfr main port Turkey was $410-420 per tonne on Thursday January 2, down from $415-425 per tonne last week. Suppliers in the Commonwealth of Independent States have lowered...Read More

CHINA REBAR: Domestic prices down amid rising spot inventories

January 03, 2020 / Staff reporter

China's domestic rebar prices moved down slightly on Thursday January 2 amid pressure from increased availability of material in the spot market.Eastern China (Shanghai): 3,700-3,740 yuan ($531-537) per tonne, narrowed downward by 10 yuan per tonneNorthern China (Beijing): 3,530-3,550 yuan per tonne, down 20 yuan per tonneRebar stocks in major spot markets totaled 3.57 million tonnes on Thursday,...Read More

China stainless steel prices dip amid pre-Lunar New Year destocking

January 03, 2020 / Staff reporter

Chinese stainless steel prices declined over the past week because of producer plans to reduce their inventories ahead of the January 24-30 Lunar New Year holiday. Sources told Fastmarkets that the slight decrease in nickel prices also contributed to the lower prices, with the three-month nickel contract on the London Metal Exchange ending 2019 at $14,075-14,100 per tonne on Tuesday Dece...Read More

CAPACITY WATCH: Vietnam's Tan Viet Quang begins construction on 240,000-tpy stainless steel plant

January 03, 2020 / Staff reporter

Tan Viet Quang Co Ltd began construction of a stainless steel plant in central Vietnam's Quang Tri province in late December. The company will invest 1.6 trillion Dong ($69 million) in the project, which will be able...Read More

CAPACITY WATCH: Vietnam's Tan Viet Quang begins construction on 240,000-tpy stainless steel plant

January 03, 2020 / Staff reporter

Tan Viet Quang Co Ltd began construction of a stainless steel plant in central Vietnam's Quang Tri province in late December. The company will invest 1.6 trillion Dong ($69 million) in the project, which will be able...Read More

2019 REVIEW: Over 470kt of steel hollow sections imported under EU safeguard quotas in H2

January 03, 2020 / Staff reporter

Fastmarkets reviews how much of the EU safeguarding import quota allowances for hollow sections has been used and by who, with an estimation of when they will be exhausted country by country at the current usage rates. Read More

Malaysia slaps anti-dumping duties on CRC from China, Japan, South Korea, Vietnam

January 03, 2020 / Staff reporter

Malaysia will impose anti-dumping tariffs of up to 26.39% on cold-rolled coil imported from China, Japan, South Korea and Vietnam. The import taxes will be in effect for five years from December 25, 2019, to December 24, 2024, Malaysia's Ministry of Trade and Industry (MITI) said earlier this week.The products subject to the duties are cold-rolled coils of iron or non-alloy steel, of...Read More

DR pellet premium stable in December, but set to fall for Q1 2020

January 03, 2020 / Staff reporter

Buyers and sellers have agreed the premium to be applied to fourth-quarter shipments of direct-reduced (DR) iron pellet, while negotiations for shipments in the first quarter of 2020 have continued but at lower levels, sources told Fastmarkets in late December.Fastmarkets' assessment of the iron ore DR-grade pellet premium, Middle East reference, remained at $39 per tonne on Monday December 31, un...Read More

LIVE FUTURES REPORT 02/01: LME zinc price breaks above $2,300; copper fails to close above $6,200

January 03, 2020 / Staff reporter

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

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok