An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe and the United States for the week ending Friday October 4. Europe The high carbon ferro-chrome market rose at the top end of the range after some producers successfully raised their offer prices. Fastmarkets' ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe nudged up at...Read More
Spot terms for processing copper concentrates rose at an accelerated pace in the first week of October on improved concentrates availability, while smelters are well covered with contractual deliveries and miners are eager to sell more volumes via tender.Fastmarkets' benchmark copper TC/RC index cif Asia Pacific rose to $54.1 per tonne/ 5.41 cents per lb on Friday October 4. The index, which track...Read More
Low refined nickel stocks and a looming ban on exports of nickel ore from Indonesia are two factors creating a bullish nickel market, according to participants at the seventh Asian Nickel Conference held in Jakarta in mid-September. Low refined nickel stocks at exchange-listed warehouses and the unlikelihood that huge amounts of nickel ore will be stockpiled at Chinese ports ahead of a ban on expo...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 their latest price moves.Read More
Ferrous scrap prices continued on a downtrend in the week ended Friday October 4 on pervasive weak sentiment throughout key markets. The global demand for downstream finished steel remained poor, and steel mills continued to buy scrap cargoes at lower prices. Turkey prices drop toward end of week US sellers offload two cargoes to Turkey Asian buyers get cargoes via bargain-hunting India import pri...Read More
The recovery seen earlier this week in Turkish deep-sea scrap import prices was short-lived and they went down to their previous levels in the latest transactions heard on Friday October 4.A Turkish steel mill in the Marmara region booked a UK cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne cfr.Another steel mill in the Izmir region booked a US cargo at $228.50 per tonne cf...Read More
Prices in the UK and mainland Europe alloy steel scrap markets were unchanged this week because of an almost complete lack of buying interest, sources told Fastmarkets on Friday October 4. Demand from European stainless steel mills is extremely low, traders said, because of weak demand globally for stainless steel that has led mills to reduce their production rates. With mills producing less stain...Read More
It has been a hectic couple of years for LME chief executive officer Matthew Chamberlain, his teams and members while the exchange works through the comprehensive list of plans and actions in its Strategic Pathway.Regardless of the actual volume of activity under way in an organization, there is a tendency for most chiefs to convey a sense of constant, restless dynamism focused on an endless desir...Read More
Weak data out of the United States, on top of generally weak data globally, is keeping most markets rangebound and the focus today will be on the US employment report. A weak number could give equities a boost as it would suggest easier monetary policy, but weak data does not bode well for manufacturing. In addition, the metals are likely to now start to focus on next week's US-China trade talks -...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The tonnages of cobalt available on the spot market grew substantially through the first three quarters of 2019, after an aggressive mating season at the end of 2018 left volumes uncommitted to annual contracts.Nearly 5,500 tonnes of fixed-price, spot cobalt metal business was reported to Fastmarkets' benchmark cobalt price discovery in the first nine months of 2019, up by 91.8% year-on-year.The i...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and pre-painted galvanized iron (PPGI) fell in the week to Friday October 4, with demand remaining weak, sources have told Fastmarkets.Prices for hot-rolled coil, the base product for coated coil, have been coming down recently, and coated coil prices were expected to follow soon.Domestic pricesDemand in the country's local market was poor over t...Read More
Turkish prices for hot-rolled and cold-rolled coil (HRC, CRC) have continued to fall over the past week on low demand, sources told Fastmarkets on Friday October 4.Demand was unlikely to improve in the coming weeks because of the current weak prices for steel and raw materials, Fastmarkets heard.HRC exportsFastmarkets' weekly price assessment for steel HRC, export, fob main port Turkey, was $420-4...Read More
The latest attempt by steel mills in Brazil to impose an increase in the domestic price of rebar has managed to stop a previous freefall seen in late September, although the rise that was implemented was smaller than was intended, Fastmarkets heard on Friday October 4.Fastmarkets' latest price assessment for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, was 2,165-2,300 Reais...Read More
Domestic rebar prices in Poland have decreased over the past week because of the expected fall in scrap prices this month, sources told Fastmarkets on Friday October 4.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,960-2,000 zloty ($495-505) per tonne on October 4, down by 80-100 zloty per tonne over the week from 2,060-2,080 zloty per tonne.The...Read More
Ferrous scrap prices continued on a downtrend in the week ended Friday October 4 on pervasive weak sentiment throughout key markets. The global demand for downstream finished steel remained poor, and steel mills continued to buy scrap cargoes at lower prices. Turkey prices drop toward end of week US sellers offload two cargoes to Turkey Asian buyers get cargoes via bargain-hunting India import pri...Read More
The recovery seen earlier this week in Turkish deep-sea scrap import prices was short-lived and they went down to their previous levels in the latest transactions heard on Friday October 4.A Turkish steel mill in the Marmara region booked a UK cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne cfr.Another steel mill in the Izmir region booked a US cargo at $228.50 per tonne cf...Read More