Domestic rebar prices in Poland remained unchanged this week with market activity just beginning to recover after the seasonal summer slowdown, sources told Fastmarkets on Friday August 30.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, remained at 2,150-2,200 zloty ($542-555) per tonne on August 30.The assessment reflected the...Read More
The three-month nickel price on the London Metal Exchange continued to surge at the close of trading on Friday August 30, closing at its highest level since September 2014, while a 3.6% uptick in tin futures did little to close a widening gap between the two metals.Nickel's rally began just before midday after the price breached the key $16,690 per tonne resistance level, opening a surge of fresh...Read More
The three-month nickel price on the London Metal Exchange soared over 8% this afternoon after Indonesia announced it would expedite a ban on nickel ore exports, previously scheduled to take effect in 2022.Nickel's outright price on the LME rocketed to an intraday high of $17,900 per tonne at midday this afternoon, its highest level since September 2014, while the spike occurred with under 5,000 lo...Read More
Prices for seaborne premium hard coking coal moved up on Friday August 30, recovering most of the losses suffered earlier this week and underlining a gap between low-vol and mid-vol cargoes in the segment.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.01 per tonne, up $5.01 per tonnePremium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.0...Read More
The three-month nickel price on the London Metal Exchange continued to surge at the close of trading on Friday August 30, closing at its highest level since September 2014, while a 3.6% uptick in tin futures did little to close a widening gap between the two metals.Nickel's rally began just before midday after the price breached the key $16,690 per tonne resistance level, opening a surge of fresh...Read More
An overview of the noble alloys markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The three-month nickel price on the London Metal Exchange soared over 8% this afternoon after Indonesia announced it would expedite a ban on nickel ore exports, previously scheduled to take effect in 2022.Nickel's outright price on the LME rocketed to an intraday high of $17,900 per tonne at midday this afternoon, its highest level since September 2014, while the spike occurred with under 5,000 lo...Read More
An aluminium producer has offered fourth-quarter 2019 supply of aluminium to main Japanese ports (MJP) at a premium of $110 per tonne, according to market sources. The number is 1.9% higher than the cif MJP premium for the third quarter of $108 per tonne. "We are quite surprised that the offer is above $105 per tonne because demand in Japan is not good and there is a lot of inventories a...Read More
All base metal stocks at Shanghai Futures Exchange-approved warehouses were lower week on week on Friday August 30, with the biggest percentage fall in nickel stocks, which tumbled by 15.2% or 4,509 tonnes to 25,262 tonnes. The largest outflow in nickel inventories was from CMST Dachang's warehouse in Shanghai, which delivered out 3,927 tonnes leaving 12,981 tonnes of material, according to SHFE's...Read More
Jiuquan Iron & Steel Group (Jisco) plans to temporarily close its Alumina Partners of Jamaica (Alpart) refinery for over a year in the next two to three months, sources told Fastmarkets on Friday August 30. Sources close to the matter said the refinery, which is located in Nain in St Elizabeth, Jamaica, needs to shut to modernize its facilities. "It previously reopened early on high alumina prices...Read More
Nickel's three-month price on the London Metal Exchange continued to trend higher during morning trading on Friday August 30, breaking through the 2018-high while its cash/three-month spread remains tight. Reaching an intra-morning high of $16,835 per tonne, nickel futures surged past the key $16,690-per-tonne resistance level achieved in the wake of US-imposed sanctions on Russian aluminium produ...Read More
Cold-rolled coil prices in the United States were steady on Thursday August 29, while hot-dipped galvanized pricing slipped modestly.Fastmarkets' weekly assessment for cold-rolled coil, fob US mill, was unchanged at $37.50 per hundredweight ($750 per short ton) on Thursday, while that for the hot-dipped galvanized base price slipped by 1.3% to $37.50 per cwt from $38 per cwt on August 22...Read More
Steel beam prices in the United States have fallen in tandem with recent mill cuts, while fresh offers have lowered import prices. Fastmarkets' monthly price assessment for steel beams 8 x 8-inch, fob mill US, declined to $35.25 per hundredweight ($705 per short ton) on Thursday August 29, down 7.8% from July's assessment of $38.25 per cwt and down nearly 19% from $43.50 per cwt one year ago. ...Read More
Brazilian slab export price remained stable this week, with information of the first fresh deals to the United States at higher levels circulating later in the week.Fastmarkets' weekly assessment of steel slab export, fob main port Brazil, remained at $425-435 per tonne fob on Friday August 30, unchanged from the previous week.Price offers started at $430 per tonne fob, but were said to be negotia...Read More
South American flat-rolled steel import prices continued to fall during the past week amid a continuing downtrend in China and discounted offers from other regions.Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South America, was $505-515 per tonne on Friday August 30, down from $515-525 per tonne a week before.Material for October delivery to the Pacific coast sett...Read More
Indian domestic prices for secondary steel billet increased by 600 rupees ($8) per tonne over the week ended Friday August 30, even though the prices of semi-finished steel products slipped slightly toward the weekend.The price of steel billet, domestic, exw India, assessed by Fastmarkets on August 30, rose to 26,700-26,900 rupees ($372-375) per tonne compared with last week's assessment at 26,100...Read More
Prices in Southeast Asia's steel billet market fell on Friday August 30 after suppliers of Indian and Russian material lowered their asking prices to entice customers in the region, market sources said. Steel billet produced in India were available at $425-430 per tonne cfr Manila and $420-425 per tonne cfr to Indonesia. One shipment involving 10,000 tonnes of billet originating in India was repor...Read More
China's hot-rolled coil exporters maintained their high offers on Friday August 30 even though overseas buyers put in lower bids amid a stable domestic market in the country.DomesticEastern China (Shanghai): 3,620-3,630 yuan ($506-507) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,600-3,620 yuan per tonne, unchangedSpot prices were largely stable during the day amid rising futures, t...Read More
The Brazilian export price for pig iron has fallen over the past week on poor sentiment among buyers due to weakness in the scrap market, sources told Fastmarkets on Friday August 30. Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil was $310-320 per tonne on Friday, down from $325-327 per tonne last week.Sources from the buy side estimated a workable market l...Read More