An overview of the battery raw materials markets and their latest price moves from the past week.Read More
The three-month price of nickel traded on the London Metal Exchange continued its descent below $14,000 per tonne to close at $13,675 per tonne on Friday 29, down by 2.3%, amid stainless steel demand concerns and ongoing macro tension between the United States and China. Nickel futures have come under constant pressure from the LME three-month nickel price depreciating by 27% to its current level...Read More
Benchmark fob Australia prices for alumina remained below $280 per tonne in the week ended Friday November 29 despite deals for India-origin material still being made at higher levels.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $277.81 per tonne on Friday, down from $279.30 per tonne at the start of the week.Key drivers The most recent fob Australia deal this week w...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday November 29.ChinaChinese spot domestic ferro-chrome prices resumed their decline, which reflects weaker demand from mills and traders, which have a broadly bearish outlook on forthcoming announcements on tenders from major mills. Charge chrome prices dropped in...Read More
World manganese ore supply rose 4% year on year in October thanks to higher production in Africa, according to the International Manganese Institute (IMnI).Production reached 1.96 million tonnes of manganese units globally, also up 6% compared with September, the latest IMnI data the shows.The bulk of production came from the Africa and Middle East region at 1.05 million tonnes, up 2% year on year...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 29EuropeThe European ferro-silicon spot price climbed by about 2.5% over the week after jumping by more than 7% in the previous week - supply worries have boosted trading activity. One deal for 500 tonnes was reportedly sold to a consumer by a trader at ?,?960 per tonne although deals at th...Read More
Global scrap prices returned to growth during the week ended Friday November 29, with trading continuing in all the major scrap markets except the United States, which was quiet due to its Thanksgiving holiday,Prices move up in Turkey but trading thinUS market quiet on Thanksgiving holidayIndian market inches up on fresh dealsPrices up in Vietnam on higher transaction pricesTaiwan prices up on sol...Read More
The inter-merchant spot price for light iron scrap in the UK was unchanged in the week ended Friday November 29, based on a steady increase in European export prices to Turkey and regular demand from major British shredders, trade sources told Fastmarkets.In the near term, year-end holidays in the UK and across Europe, as well as winter conditions, were expected to underpin or possibly raise scrap...Read More
Austenitic alloy steel scrap prices in the UK domestic market were largely stable this week because low demand was matched by dwindling supply, sources said on Friday November 29.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,250 ($1,512-1,615) per tonne on November 29, widening upward by ?20 per tonne and returning to the level...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
The cif China, Japan and Korea battery-grade lithium price fell by more than 2% in the week to Thursday November 28, with buyers reluctant to accept any increases because of falling prices in China, where battery-grade lithium hydroxide prices also continued to decline. Seaborne Asian lithium market softens with higher prices unlikely to be accepted by buyers. Battery grade lithium hydr...Read More
Indian hot-rolled coil producers have increased their export prices for the commodity by at least $10 per tonne in the past week, citing higher demand and raised prices in the domestic market.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $445-450 per tonne on November 29, an increase of $10-15 per tonne compared with last week's assessment at $430-...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil, or pre-painted galvanized iron (PPGI), were stable in the week to Friday November 29, with demand strong in the domestic market because of expectations that prices will rise further, sources have told Fastmarkets.The rise in raw materials costs was the reason for the higher steel prices, they added.Fastmarkets' daily index...Read More
Turkish flat steel producers increased their prices slightly during the week ended Friday November 29, with demand strong in the market because of the expectation that prices will increase further.Raw material prices, especially those for scrap, have also continued to increase recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $268.32 per tonne on No...Read More
Indian domestic secondary billet prices continued to be subdued during the week ended Friday November 29 with makers of long steel products reducing their purchases of semi-finished material.The price of steel billet domestic, exw India, assessed by Fastmarkets on November 29, dropped by 100 rupees per tonne week on week to 26,000-26,200 rupees ($364-367) per tonne, compared with 26,100-26,300 rup...Read More
Rebar producers in Poland have been boosting demand by giving discounts on their products in the week to Friday November 29, a week after announcing price rises, sources told Fastmarkets.As a result, Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, was 1,970 -2,000 zloty ($502-510) per tonne on November 29, compared with 2,000-2,050 zloty per tonne...Read More
Turkish long steel producer Ko?? Metalurji will resume production at its steel and rolling mills at reduced outputs at the beginning of the December, a company spokesperson told to Fastmarkets on Friday November 29.Ko?? Metalurji had stopped production at all its steelmaking operations on October 1 as a result of weak long steel and billet market conditions .Demand and prices for rebar export...Read More
Global scrap prices returned to growth during the week ended Friday November 29, with trading continuing in all the major scrap markets except the United States, which was quiet due to its Thanksgiving holiday,Prices move up in Turkey but trading thinUS market quiet on Thanksgiving holidayIndian market inches up on fresh dealsPrices up in Vietnam on higher transaction pricesTaiwan prices up on sol...Read More