Seaborne coking coal prices ended the year higher on Tuesday December 31, with a premium low-vol cargo fetching more than $140 per tonne fob Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $140.69 per tonne, up $7.04 per tonne Premium hard coking coal, cfr Jingtang: $148.77 per tonne, unchangedHard coking coal, fob...Read More
The benchmark three-month nickel price on the London Metal Exchange was the standout of the base metals complex, continuing to edge higher at the close on Monday December 30 and ignoring rising stock levels. The nickel price closed at $14,315 per tonne, up $105 from Friday's close. It traded in a $200 range throughout the day, earlier hitting a high of $14,365 per tonne. Despite being the only bas...Read More
The discount for copper scrap imported into China has narrowed in December because Chinese consumers returned to the spot market to fill quotas granted for the first quarter of 2020. Fastmarkets assessed the copper scrap No2 copper (birch/cliff) imported into China 94-96%, LME/Comex discount, cif China at 35-40 cents per lb on Monday December 30. That compared with 38-40 cents per lb a month...Read More
The spot lead concentrate treatment charge (TC) dropped in December in the first downward movement for six months.Lead concentrate TCs had tripled over the past half-year as an arbitrage that enticed Chinese buying for years finally closed. Fastmarkets assessed lead spot concentrate TC, high silver, cif China at $150-170 per tonne on December 27, down from $170-185 per tonne in November but u...Read More
The spot lead concentrate treatment charge (TC) dropped in December in the first downward movement for six months.Lead concentrate TCs had tripled over the past half-year as an arbitrage that enticed Chinese buying for years finally closed. Fastmarkets assessed lead spot concentrate TC, high silver, cif China at $150-170 per tonne on December 27, down from $170-185 per tonne in November but u...Read More
The assessment for ferro-nickel with 26-32% nickel content in China fell to a discount of $1,100-1,300 per tonne on Monday December 30, its lowest level on Fastmarkets records and down 71.4% from last month. Fastmarkets' ferro-nickel premium/discount, 26-32% Ni contained, cif China is now at its biggest discount since the launch of the assessment on January 25, 2016. Market participants attri...Read More
Production at Norsk Hydro's Paragominas bauxite mine in the Brazilian state of Par?? has resumed following the repair of an overturned transmission tower, allowing the Alunorte alumina refinery to ramp up, the Norwegian company said on Saturday December 28.Bauxite and, consequently, alumina production had been restricted since December 19, when a transmission tower at Paragominas fell and power su...Read More
Key data from the pricing session in Shanghai in the week to Friday December 27. China Key drivers: The export price range for Chinese silicon 5-5-3 moved up by 1% from the previous week due to tight supply. Chinese producers have significantly decreased their output over 2019 in response to unfavorable...Read More
An auction for 3,609.5 tonnes of indium once held by China's defunct Fanya Metal Exchange has failed to attract any bids, according to an official notice published via the Alibaba judicial online platform on Monday December 30.The auction, which had an opening bid of 790 yuan ($113) per kg, closed at 10am Shanghai time on Monday.Market participants were surprised that the indium stockpile, which r...Read More
The Turkish deep-sea scrap import markets remained silent at the beginning of the week due to the year-end holidays, sources told Fastmarkets on Monday December 30.The most recent deep-sea scrap cargo was booked on December 20 at $303 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region.Since the...Read More
The discount for copper scrap imported into China has narrowed in December because Chinese consumers returned to the spot market to fill quotas granted for the first quarter of 2020. Fastmarkets assessed the copper scrap No2 copper (birch/cliff) imported into China 94-96%, LME/Comex discount, cif China at 35-40 cents per lb on Monday December 30. That compared with 38-40 cents per lb a month...Read More
Ferrous scrap prices in most global markets continued to increase in the week ended Friday December 27 despite the traditional slowdown in trading during the festive periods. Turkey paused scrap imports amid holidays United States scrap export offers increased on both coasts Prices in Taiwan edge up despite weak trading Upturn in global markets drags up Indian prices Turkey Tur...Read More
The domestic price of hot-rolled coil in Northern Europe was stable on Monday December 30 due to limited trading activity, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, exw Northern Europe was unchanged at ?,?439.39 ($492.16) per tonne on December 30 in slow market conditions.The calculation of the index was based on the...Read More
Hot-rolled coil prices in Asia have continued upward this past week to surpass $500 per tonne cfr Vietnam amid stable demand and increases in offers from sellers.Fastmarkets' assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $500-505 per tonne cfr for the week ending Monday December 30, up b...Read More
China's hot-rolled coil prices were largely stable on Monday December 30, but trading picked up domestically after mills in the north of the country lowered their offers.DomesticEastern China (Shanghai): 3,900-3,910 yuan ($558-510) per tonne, unchangedNorthern China (Tangshan): 3,630-3,640 yuan per tonne, widening downward 10 yuan per tonneWhile trading in Shanghai was moderate amid stab...Read More
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
China's rebar prices continued to gain on Monday December 30 following a rise in the futures market, which boosted trading in the east of the country.DomesticEastern China (Shanghai): 3,680-3,720 yuan ($526-532) per tonne, up 40-50 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, up 40-50 yuan per tonneA Shanghai-based trader said sentiment in the spot market was lifte...Read More
Import prices for rebar in Singapore were unchanged over the past week amid limited trading activity due to the year-end holiday season. 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 $445-450 per tonne for the week to Monday December 30, flat from a week earlier."The...Read More
The Turkish deep-sea scrap import markets remained silent at the beginning of the week due to the year-end holidays, sources told Fastmarkets on Monday December 30.The most recent deep-sea scrap cargo was booked on December 20 at $303 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region.Since the...Read More
Ferrous scrap prices in most global markets continued to increase in the week ended Friday December 27 despite the traditional slowdown in trading during the festive periods. Turkey paused scrap imports amid holidays United States scrap export offers increased on both coasts Prices in Taiwan edge up despite weak trading Upturn in global markets drags up Indian prices Turkey Tur...Read More