Export prices for Chinese stainless steel remained flat week on week despite the uptrend in the nickel price because producers are unable to achieve any price hikes due to poor market demand, market sources said.Uncertainty around whether Indonesia would bring its ban on exports of unprocessed nickel ore forward, which is currently scheduled for 2022, contributed to the recent surge in the London...Read More
Domestic prices in Europe for hollow steel sections remained unchanged this week due to the seasonal summer pause in trading, but imports continued to flow into the region, sources told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was unchanged week on week at ?,?615-630 ($682-699) per tonne on Wednesday.D...Read More
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday August 21, gaining by 2.3% on low turnover, while a steady decline in tin futures continued to prompt market concerns.Zinc futures began the day trading at around $2,230 per tonne before a strong bout of buying saw the metal close at $2,288.50 per tonne, its highest price since August 13.Volumes...Read More
The price of steel mesh-quality wire rod in the European domestic market was unchanged this week, with trading still heavily subdued because of the seasonal summer slowdown, participants told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?485-510 ($538-565) per tonne on Wednesday, unchanged week...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 21.Please click...Read More
The price of steel rebar in the Northern European domestic market remained unchanged due to the continued seasonal slowdown in the market, sources told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?500-520 ($554-577) per tonne on Wednesday August 21, unchanged week on week. Subdued market a...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday August 21 that are worth another look.Swiss trading house Trafigura has begun blending copper concentrates in Malaysia, with small batches of output being offered to the market, Fastmarkets has learned.Zinc premiums in the United States widened upward in the week to Tuesday August 20 despite dampened consumption from stee...Read More
Alexander Khodov has joined Trafigura as the Singaporean commodity company's lead nickel and cobalt market analyst, a source close to the matter confirmed on August 21. Khodov joined Trafigura on August 19 after having previously spent three years...Read More
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday August 21, gaining by 2.3% on low turnover, while a steady decline in tin futures continued to prompt market concerns.Zinc futures began the day trading at around $2,230 per tonne before a strong bout of buying saw the metal close at $2,288.50 per tonne, its highest price since August 13.Volumes...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 21.Please click...Read More
Seaborne coking coal prices remained largely stable on Wednesday August 21, with buyers taking a wait-and-see approach.A branded cargo of premium hard coking coal was offered at $150 per tonne fob Australia on the Global Coal trading platform during the day, sources said.Steel mill sources in India highlighted the bleak downstream market conditions in the South Asian country, citing a liquidity cr...Read More
The price of steel rebar in the domestic market of Southern Europe was unchanged this week amid the seasonal summer slowdown, sources told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was unchanged week on week at ?,?470-485 ($521-538) per tonne on Wednesday.Market activity is typically much reduced....Read More
Domestic prices in Europe for hollow steel sections remained unchanged this week due to the seasonal summer pause in trading, but imports continued to flow into the region, sources told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was unchanged week on week at ?,?615-630 ($682-699) per tonne on Wednesday.D...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday August 21 that are worth another look.Swiss trading house Trafigura has begun blending copper concentrates in Malaysia, with small batches of output being offered to the market, Fastmarkets has learned.Zinc premiums in the United States widened upward in the week to Tuesday August 20 despite dampened consumption from stee...Read More
Despite further price increases for stainless steel scrap in the United States, market participants were pessimistic, pointing to low order volumes from the consuming mills and still-short lead times for finished steel products."Since this market is a moving target, it's difficult to price the broker/processor prices on a daily basis," one broker said."I see no reason for London Metal Exchange nic...Read More
Nickel premiums in China fell due to a widened arbitrage loss in the week to August 20 while European and United States premiums held during the quiet summer period despite a tightening forward curve and London Metal Exchange price volatility. Chinese premiums decline with traders not prepared to purchase material at a negative arbitrage, which widened to a loss of 6,000 yuan per tonne on Tuesday...Read More
Zinc premiums in the United States widened upward in the week to Tuesday August 20 despite dampened consumption from steel mills, while lead premiums drop in India and Southeast Asia, unaffected by Nystar Port Pirie outage. US zinc premium widens upward, pushed higher by smaller spot tonnages traded at higher levelsSoutheast Asia lead premiums drop despite increased spot demand amid Nyrstar Port...Read More
Export prices for Chinese stainless steel remained flat week on week despite the uptrend in the nickel price because producers are unable to achieve any price hikes due to poor market demand, market sources said.Uncertainty around whether Indonesia would bring its ban on exports of unprocessed nickel ore forward, which is currently scheduled for 2022, contributed to the recent surge in the London...Read More
Alexander Khodov has joined Trafigura as the Singaporean commodity company's lead nickel and cobalt market analyst, a source close to the matter confirmed on August 21. Khodov joined Trafigura on August 19 after having previously spent three years...Read More
Industrial quality low-carbon wire rod prices in the United States have hit a 19-month low to stand at pre-Section 232 levels, with the cost of imported wire rod also down amid fresh offers for material originating from Mexico, Europe and Asia.Fastmarkets' assessment for steel wire rod (low carbon) industrial quality, fob mill US, fell to $31.50-32.50 per hundredweight ($630-650 per short ton) on...Read More