Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices - Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb - Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-whs Rotterdam, $...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
China's lithium market continued to move down on ample availability of material and depressed demand, leading the battery-grade lithium hydroxide spot price to sharply fall over the week to August 1.Seaborne Asian lithium spot prices followed the domestic price in China with small price adjustments, while the battery-grade lithium hydroxide price in Europe and the United States dropped. The Chines...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil decreased over the week ended Friday August 2, with demand reported to be weak in both the local and export markets.Coated coil producers started to give discounts because of the slow market activity.Domestic pricesDemand in the country's local market was soft over the pricing week due to the summer holiday season.One produc...Read More
China's hot-rolled coil sellers lowered their prices on Friday August 2 following a decline in the futures market, with sentiment deteriorating after United States President Donald Trump threatened to impose a new tariff on Chinese goods.DomesticEastern China (Shanghai): 3,760-3,770 yuan ($545-546) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,780 yuan per tonne, down 30 yuan per to...Read More
ArcelorMittal has lowered its 2019 forecast for apparent steel consumption in Brazil amid slowing growth in the country's gross domestic product and a recession in neighboring Argentina.Brazilian steel demand is now expected to increase by 1.5-2.5% this year, compared with a previous of estimate of 3-4%, according to calculations by the world's largest steelmaker disclosed in its second-quarter ea...Read More
Domestic rebar prices in Poland rose during the past week, supported by an anticipated increase in ferrous scrap costs, sources told Fastmarkets on Friday August 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 2,100-2,120 zloty ($540-545) per tonne on August 2 compared with 2,070-2,120 zloty per tonne a...Read More
The domestic price of Brazilian rebar has shown another drop for August deliveries because the scrap price downtrend has intensified, smaller competitors were aggressive about granting discounts, and overall long-rolled steel consumption in the country went down.Fastmarkets assessed the price for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, at 2,300-2,400 Reais ($601-627) pe...Read More
Soaring iron ore prices have pushed Chinese hot metal costs up above those for ferrous scrap over recent months, stimulating greater use of the secondary raw material, according to calculations by Fastmarkets' research team. Fastmarkets' Steel Cost Service updates for the first and second quarters of 2019 detail average global integrated (BOF-route) plant's crude steel costs rose to an average of...Read More
The export market for pig iron from the Commonwealth of Independent States (CIS) was stable and seasonally calm in the past seven days, sources told Fastmarkets on Thursday August 1.Fastmarkets' weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS, was $335-340 per tonne on Thursday, stable week on week.Sales from the CIS were heard only to the United States, th...Read More
Price movements in the global ferrous scrap markets were mixed in the past week. Poor demand in India and Turkey caused prices to fall or remain stable, but Asian scrap buyers have accepted increased prices because of higher settlements in the domestic market of the principal supplier, the United States. Weak downstream markets keep Turkish mills away from spot market Higher freight cost pushes do...Read More
Soaring iron ore prices have pushed Chinese hot metal costs up above those for ferrous scrap over recent months, stimulating greater use of the secondary raw material, according to calculations by Fastmarkets' research team. Fastmarkets' Steel Cost Service updates for the first and second quarters of 2019 detail average global integrated (BOF-route) plant's crude steel costs rose to an average of...Read More
Soaring iron ore prices have pushed Chinese hot metal costs up above those for ferrous scrap over recent months, stimulating greater use of the secondary raw material, according to calculations by Fastmarkets' research team. Fastmarkets' Steel Cost Service updates for the first and second quarters of 2019 detail average global integrated (BOF-route) plant's crude steel costs rose to an average of...Read More
China's rebar futures fell on Friday August 2 after United States President Donald Trump threatened to impose a 10% import duty on $300 billion worth of Chinese goods from September 1, which pushed down spot prices for the long steel product. Domestic Eastern China (Shanghai): 3,820-3,850 yuan ($554-558) per tonne, down 60-70 yuan per tonneNorthern China (Beijing): 3,750-3,780 yuan per tonne, down...Read More
ArcelorMittal has lowered its 2019 forecast for apparent steel consumption in Brazil amid slowing growth in the country's gross domestic product and a recession in neighboring Argentina.Brazilian steel demand is now expected to increase by 1.5-2.5% this year, compared with a previous of estimate of 3-4%, according to calculations by the world's largest steelmaker disclosed in its second-quarter ea...Read More
European steelmakers have increased their offer prices of stainless-steel flat products due to higher nickel costs, sources told Fastmarkets on Friday August 2.The price of nickel, 3 months, London Metal Exchange Daily Official, was $14,520-14,525 per tonne on August 2, up from $14,100-14,125 per tonne on July 26.As a result, European steelmakers have increased the August alloy surcharges for grad...Read More
ArcelorMittal has lowered its 2019 forecast for apparent steel consumption in Brazil amid slowing growth in the country's gross domestic product and a recession in neighboring Argentina.Brazilian steel demand is now expected to increase by 1.5-2.5% this year, compared with a previous of estimate of 3-4%, according to calculations by the world's largest steelmaker disclosed in its second-quarter ea...Read More
Aluminium billet in the United States on Friday August 2 traded at its lowest premium since 2017 due to weak demand, while premiums in Europe, Brazil and Thailand were flat in quiet trading conditions. US premium falls to lowest since February 2017No change in quiet European marketBrazilian market flat on weak economyThailand market unchanged due to stable supply US billet upcharge sinks to Februa...Read More
The export market for pig iron from the Commonwealth of Independent States (CIS) was stable and seasonally calm in the past seven days, sources told Fastmarkets on Thursday August 1.Fastmarkets' weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS, was $335-340 per tonne on Thursday, stable week on week.Sales from the CIS were heard only to the United States, th...Read More
European steelmakers have increased their offer prices of stainless-steel flat products due to higher nickel costs, sources told Fastmarkets on Friday August 2.The price of nickel, 3 months, London Metal Exchange Daily Official, was $14,520-14,525 per tonne on August 2, up from $14,100-14,125 per tonne on July 26.As a result, European steelmakers have increased the August alloy surcharges for grad...Read More