Russian aluminium producer Rusal released its results from a 'disappointing' third quarter on Friday October 25, which saw 'further deterioration' in aluminium demand compared with the previous quarter.Global aluminium demand decreased to almost zero growth year-on-year in the first nine months of 2019 at 49.5 million tonnes (ex-China region was down 1.5% year-on-year at 21.9 million tonnes), whil...Read More
Bauxite deliveries from Cie des Bauxites de Guin?(C)e's (CBG) at the port of Kamsar in Guinea will be disrupted due to a broken conveyor, sources told Fastmarkets. Images seen by Fastmarkets on Thursday October 24 show that the bauxite conveyor belt's structure has partially collapsed. Bauxite miner CBG exports approximately 15 million tonnes per year of high-grade bauxite and is jointly owned by...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Ferrous scrap prices on the global markets continued to move up during the working week ended Friday October 25, with a positive Turkish market adding to the stronger sentiment. Turkish import prices continue to move up on fresh booking US export prices up again on new Turkey cargoes Taiwan import prices increase on continued tight supply Vietnam import prices higher following global trend Indian...Read More
The inter-merchant spot market for UK-origin light iron scrap was unchanged in the week ended Friday October 25, extending a steady run of prices into a fourth week in line with domestic demand and a pick-up in European steel scrap export prices this month.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?60-80 ($77-103) per tonne on F...Read More
Turkish steel mills resumed their deep-sea scrap purchases at the end of this week, paying slightly higher prices, sources told Fastmarkets on Friday October 25.A steel producer in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (90:10) and 20,000 tonnes of shredded at an average price of $256 per tonne cfr. The price of shredded...Read More
Key data from the October 25 pricing session in London. Key drivers- Sellers undercut previous offers in thin trading, in order to lock in business, while a greater focus is placed on contract negotiations for 2020. Some traders opt to lock in a profit, with prices at their highest since...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The price of India-origin hot-rolled coil for export in the week ended Friday October 25 was down by $25 per tonne following aggressive price cuts by local mills in the wake of short-selling of the commodity in the Southeast Asian markets.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $400-405 per tonne on Friday, down from last week's assessment at...Read More
Turkish prices for hot-dipped galvanized coil (HDG) fell in the week ended Friday October 25, with demand remaining weak, sources have told Fastmarkets.Some buyers believed that prices may increase, while others said that local demand was not strong enough to support price increases.The expectation for a price increase was driven by the recent price rises for raw materials.Fastmarkets' daily index...Read More
China's domestic hot-rolled coil prices remained largely stable on Friday October 25 on steady demand, though market participants have a bearish outlook for the longer term.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, narrowing upward by 10 yuan per tonneTrading activity remained moderate in Shanghai, while that...Read More
Indian domestic secondary billet prices in the current week fell following a drop in demand and in prices of finished long products, particularly rebar.The price of steel billet domestic, ex-works India assessed by Fastmarkets' on October 25 was down by 600 rupees ($6) per tonne to 26,000-26,200 rupees per tonne compared with last week's assessment at 26,600-26,800 rupees per tonne. "The...Read More
Domestic rebar prices in Poland have decreased over the past week, but the price trend is expected to change on the recovery of the international scrap market, sources told Fastmarkets on Friday October 25.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,930-1,960 zloty ($502-510) per tonne on October 25, down from 1,960-2,000 zloty per tonne ex-w...Read More
China's domestic rebar prices were largely flat on Friday October 25, while billet and futures both moved up.Eastern China (Shanghai): 3,580-3,610 yuan ($507-511) per tonne, unchangedNorthern China (Beijing): 3,550-3,600 yuan per tonne, widened upward by 10 yuan per tonneRebar futures rose after a data release on Thursday showed a sharp drop in inventories, sources said. Prices in the spot market...Read More
Ferrous scrap prices on the global markets continued to move up during the working week ended Friday October 25, with a positive Turkish market adding to the stronger sentiment. Turkish import prices continue to move up on fresh booking US export prices up again on new Turkey cargoes Taiwan import prices increase on continued tight supply Vietnam import prices higher following global trend Indian...Read More
The inter-merchant spot market for UK-origin light iron scrap was unchanged in the week ended Friday October 25, extending a steady run of prices into a fourth week in line with domestic demand and a pick-up in European steel scrap export prices this month.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?60-80 ($77-103) per tonne on F...Read More
Turkish steel mills resumed their deep-sea scrap purchases at the end of this week, paying slightly higher prices, sources told Fastmarkets on Friday October 25.A steel producer in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (90:10) and 20,000 tonnes of shredded at an average price of $256 per tonne cfr. The price of shredded...Read More
A group of metals and mining companies including Glencore and Anglo American have joined forces with the World Economic Forum to explore the use of blockchain technology to accelerate responsible sourcing of raw materials. The Mining and Metals Blockchain Initiative will explore the building of a blockchain platform to address transparency, the track and tracing of materials, the reporting of carb...Read More
Prices in Southeast Asia's steel billet market declined slightly during the week to Friday October 25 despite a recovery in ferrous scrap prices amid an ample supply of Indian and Japanese billets.Scrap prices in the bellwether Turkish market, the world's largest import of steel scrap, have recovered since hitting a year to date trough of $218.98 per tonne on October 1.During the week to Friday, t...Read More