An overview of the new energy materials markets and their price moves in the week to Friday October 1.Susan Zou, Yingchi Yang and...Read More
The purchase of NatSteel Holdings in Singapore by trader Toptip Holding from India's Tata Steel could result in the city state exporting rebar to China eventually, market sources told Fastmarkets this week."This is due to the production cuts in China, which could result in further steel shortages in the future," a trader in Singapore told Fastmarkets on Friday October 1.Toptip Holding purchased 10...Read More
Spot prices for containerized ferrous scrap in Taiwan slipped in the week to Friday October 1 amid an easing in restocking demand by steel mills.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $460 per tonne on Friday, unchanged from Thursday, but down by $3 per tonne from $463 per tonne on September 24.Buyers remai...Read More
Five key global lithium producers SQM, Ganfeng Lithium, AMG Brazil, Orocobre and Pilbara Minerals have announced the setup of the International Lithium Association (ILiA), which aims to provide a central voice for lithium producers and to promote the sustainable development of a global battery value chain.The founding members account for over half of current global lithium production, according to...Read More
Rising demand led to higher ferrous scrap prices for material imported into Turkey in the week to Friday October 1, while prices in most other markets were comparatively lackluster. Turkish mills were increasingly active in the market over the week, leading to an uptick in regional import prices United States sellers were able to sell at higher levels amid an increased appetite for scrap in Turkey...Read More
A rise in South Korean domestic steel scrap prices has led to greater interest in booking import cargoes to the country in recent days, sources said on Friday October 1.Korean steelmakers increased their scrap buy prices by 10,000 Won ($8) per tonne on Friday, a mill source in the country told Fastmarkets.Solid long steel demand means that despite the rise in cost and some mills in the country red...Read More
The inter-merchant market for light-iron steel scrap in the UK was steady for the second week in a row in the week to Friday October 1, with major processors holding their offer prices stable to ensure a steady stream of supply into their yards, sources said.Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant UK was ?170-190 ($229-256) p...Read More
Rising demand led to higher ferrous scrap prices for material imported into Turkey in the week to Friday October 1, while prices in most other markets were comparatively lackluster. Turkish mills were increasingly active in the market over the week, leading to an uptick in regional import prices United States sellers were able to sell at higher levels amid an increased appetite for scrap in Turkey...Read More
The import pig-iron market in the United States was calm in the week to Friday October 1 because steel makers - the key buyers - preferred to wait and see in an unclear scrap market, which is a strong indicator for them.Fastmarkets' assessment of the price of pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, unchanged week on week.Steelmakers, who are the key pig...Read More
Prices for shredded steel scrap imported into Pakistan fell in the week to Friday October 1, while Indian scrap prices stabilized after a mid-week change in sentiment for both markets, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $508.69 per tonne on Friday, down from $520.32 per tonne one week previous.Prices...Read More
Base metals prices were down on the morning of Friday October 1, extending the weakness that started to accelerate on Thursday, when the LME base metals closed down by an average of 2.3%, with tin dropping by 6.2%. The weakness was broad based with equities retreating, too. Asia-Pacific equities weaker this morning.Gold and the yen rallied on Thursday, and US treasury yields are weaker this mornin...Read More
Price for cold-rolled and galvanized steel sheet in the United States held steady after market participants perceived an emerging balance among overall supply, inventory and demand trends for the fourth quarter.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US was unchanged at $110 per hundredweight ($2,200 per short ton) on Thursday September 30. The assessment has risen 185....Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy...Read More
The inter-merchant market for light-iron steel scrap in the UK was steady for the second week in a row in the week to Friday October 1, with major processors holding their offer prices stable to ensure a steady stream of supply into their yards, sources said.Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant UK was ?170-190 ($229-256) p...Read More
Poland's steel wire rod producers decreased their offers for October due to weak buying activity and cheaper imports, sources told Fastmarkets.Offers from local producers for October material were heard at 3,800-3,900 zloty ($953-978) per tonne delivered, down sharply from the initial September rolling offers of 4,100-4,230 zloty per tonne.The domestic wire rod market has been downbeat in Septembe...Read More
Fastmarkets rounds up the key discussion points on lithium battery chemistries, sustainability and ESG from its Lithium 2021 conference that took place over September 20-22.Lithium price spikes key to chemistriesThe price of lithium will be key in determining battery chemistries, according to market participants. Sustained high prices would cause use to shrink, although few expect lithium to be re...Read More
Buyers in the Philippines are being asked to bid higher to secure steel billet cargoes due to limited supply available to the Philippine market, sources told Fastmarkets.In China's latest round of buying in the week to October 1, the steelmaking behemoth took in material from Russia, Turkey and Indonesia, among others. Total purchases of import billet to China since September 6 have now reached ar...Read More
The rally in Chinese lithium prices paused in the week to Thursday September 30, with sentiment turning slightly more cautious owing to power restrictions being implemented in some battery materials production hubs.Chinese lithium prices stabilize; hydroxide trades still active ahead of week-long National Day holiday (October 1-7).Seaborne Asian lithium market also stable, but spot activity thins....Read More
Fastmarkets rounds up the key discussion points on lithium battery chemistries, sustainability and ESG from its Lithium 2021 conference that took place over September 20-22.Lithium price spikes key to chemistriesThe price of lithium will be key in determining battery chemistries, according to market participants. Sustained high prices would cause use to shrink, although few expect lithium to be re...Read More
Since mid-September, a swathe of provincial governments in China have imposed power cuts and rationing on local industrial users, which could cast a bigger influence on downstream fabricating sectors than previous curbs, sources said.This is the second time that industrial users have received power rationing orders in the year. The first was in July, when hot weather strained the country's grid. P...Read More