Base Metal Stocks Articles

INDIA IMPORT SCRAP: Trading resumes after stalling on sudden price slump

September 28, 2019 / Staff reporter

Sales of ferrous scrap imported into India resumed this week at lower prices after a pause in trading last week that was triggered by a sudden price drop in the Turkish scrap market, sources told Fastmarkets on Friday September 27.Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $251.81 per tonne on Friday, down from $256.82 per tonne one w...Read More

DAILY SCRAP REPORT: Mills pause deep-sea bookings; prices stable

September 28, 2019 / Staff reporter

Turkish steel producers have skipped the last day of the week and refrained from any deep-sea purchases, digesting the week's previous transactions, sources said on Friday September 27.Domestic mills in the country have booked nine deep-sea cargoes so far this week, totaling almost 300,000 tonnes, with the most recent deals booked from the Baltic Sea region.A steel mill in the Izmir region booked...Read More

CIS PIG IRON: Market down on scrap freefall

September 28, 2019 / Staff reporter

No major sales were completed in the Commonwealth of Independent States' pig iron export market during the week to Thursday September 26, although market levels went down on free falling scrap prices and a general pessimistic mood.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS declined to $290-295 per tonne on Thursday September 26 from $295-...Read More

PRICING NOTICE: Delayed publication of iron ore indices

September 28, 2019 / Staff reporter

Fastmarkets published its iron ore daily indices 79 minutes later than scheduled and its iron ore weekly indices 130 minutes later than scheduled on Friday September 27 due to technical problems.The following indices were published in Fastmarkets' price book later than scheduled:Iron ore 58% Fe fines, cfr Qingdao, $/tonneIron ore 62% Fe fines, cfr Qingdao, $/tonneIron ore 65% Fe fines, cfr Qi...Read More

IRON ORE DAILY: Fines prices rangebound, lump premium rises

September 28, 2019 / Staff reporter

Physical iron ore fines prices were rangebound on Friday September 27 while the lump premium traded higher.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.85 per tonne, down by $0.06 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.24 per tonne, down by $0.06 per tonne.62% Fe low-alumina fines, cfr Qingdao: $90.46 per tonne, up by $1.01 per tonne.58% Fe fines high-premium, cfr Qin...Read More

COKING COAL DAILY: Chinese buyers start buying tier-two products again

September 28, 2019 / Staff reporter

Trading activity in the second-tier hard coking coal segment of the seaborne market emerged this week after several weeks of inactivity.Premium hard coking coal, fob DBCT: $132.73 per tonne, down $0.87 per tonnePremium hard coking coal, cfr Jingtang: $153.59 per tonne, unchangedHard coking coal, fob DBCT: $121.25 per tonne, down $1.25 per tonneHard coking coal, cfr Jingtang: $132.76 per tonne, unc...Read More

CHINA HRC: Exporters maintain offers despite domestic downtrend

September 28, 2019 / Staff reporter

China's domestic hot-rolled coil prices continued to weaken on Friday September 27 but exporters of the product maintained their offers, though weakening demand is expected to put pressure on them to make concessions.DomesticEastern China (Shanghai): 3,600-3,610 yuan ($505-506) per tonne, narrowing downward by 20 yuan per tonneNorthern China (Tangshan): 3,520 yuan per tonne, down 30 yuan per tonne...Read More

MINOR METALS MARKET REPORT 27/09: Manganese down on low demand; minors quiet before China Golden Week

September 28, 2019 / Staff reporter

An overview of the minor metals markets and their latest price moves.Read More

FASTMARKETS NON-FERROUS PRICE CHANGES 27/09: Minor metals

September 28, 2019 / Staff reporter

The following Fastmarkets minor metals prices changed on Friday September 27:Minor metalsCobalt 99.8% Co min, ex-works China, yuan/tonne: 300,000-320,000 yuan per tonne from 300,000-31,500 yuanCobalt tetroxide 72.6% Co min, delivered China, yuan/tonne: 225,000-230,000 yuan...Read More

PRICING NOTICE: Correction to Fastmarkets' indium 99.99%, in-whs Rotterdam price

September 28, 2019 / Staff reporter

Fastmarkets has corrected its indium 99.99%, in-whs Rotterdam published on Friday September 27, which was published incorrectly initially due to an error.Fastmarkets' weekly price assessment for indium 99.99%, in-whs Rotterdam was originally published at $150-175 per kg on September 27. This has now been corrected to $150-170 per kg. Fastmarkets' price book and database have been updated to reflec...Read More

CHINA MINOR METALS MARKET REPORT 27/09: Selenium tumbles on oversupply, restocking drives antimony up

September 28, 2019 / Staff reporter

An overview of the Chinese minor metals markets in the week ended Friday September 27, and the reasons for their latest price moves.Read More

GLOBAL CHROME SNAPSHOT: Europe ferro-chrome price narrows amid slow trading, cif Shanghai price edges up

September 28, 2019 / Staff reporter

Key data from the pricing sessions in China, Europe and the United States for the week ending Friday September 27. Europe The high carbon ferro-chrome price dropped at the top end of the current range after reports of deals done below that range, although most sources reported quiet business conditions.The market is expected to be relatively quiet ahead of the fourth-quarter European charge and h...Read More

EUROPE STAINLESS STEEL: Prices stable but set to rise on higher October alloy surcharges

September 28, 2019 / Staff reporter

Stainless steel prices in Europe have remained stable for a second week but increases will be inevitable next week because of higher October alloy surcharges, sources told Fastmarkets on Friday September 27.Because of high nickel prices in recent weeks, it was expected that some European stainless steel mills this week would announce monthly alloy surcharges for October at substantially higher lev...Read More

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 27/09:

September 28, 2019 / Staff reporter

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday September 27:Aluminium scrapFloated frag, delivered consumer Europe, ?,?/tonne: ?,?840-860 per tonne from ?,?850-880Cast, delivered consumer Europe,...Read More

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 27/09:

September 28, 2019 / Staff reporter

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday September 27:Aluminium scrapFloated frag, delivered consumer Europe, ?,?/tonne: ?,?840-860 per tonne from ?,?850-880Cast,...Read More

ASIA FERROUS SCRAP: Price slump continues amid bearish sentiment

September 28, 2019 / Staff reporter

Ferrous scrap import prices in Southeast Asia and East Asia stayed on a downward trend this week with most buyers staying on the sidelines while awaiting prices to fall further. However, market participants were divided over whether the steady prices seen in the bellwether Turkish import market on Thursday were a sign that prices had reached a bottom. VietnamFastmarkets' weekly price assessme...Read More

LIVE FUTURES REPORT 26/09: LME copper dips 1% amid light turnover; tin leads losses

September 27, 2019 / Staff reporter

The three-month copper price on the London Metal Exchange had declined by the close of trading on Thursday September 26, below the $5,800-per-tonne resistance level while turnover was thin against an ascending US dollar index. Copper's outright price on the LME closed at $5,722 per tonne - its lowest level since September 3 - while volumes traded were light with just over 11,100 lots exchange...Read More

INTL AL CONF: Market embraces premiums futures contract hedging after 2018 volatility - CME

September 27, 2019 / Staff reporter

Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25. Speaking at Fastmarkets' International Aluminium conference in Athens, Greece, Kessler said sustained high volumes during current quieter...Read More

INTL AL CONF: Poor downstream aluminium demand brings misery to alumina market

September 27, 2019 / Staff reporter

Alumina prices are at a two year low and market participants at Fastmarkets' International Aluminium conference in Athens, Greece, are downbeat for the rest of the year, adding that the price floor had been lowered for alumina. Market sources gathering at the annual event on September 23-25 have reported continued offers for significant volumes of alumina they "just don't need" and expect demand b...Read More

IN CASE YOU MISSED IT: 5 key stories from September 26

September 27, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Thursday September 26 that are worth another look.Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25.China's domestic stainless...Read More

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