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