Base Metal Stocks Articles

GLOBAL CHROME WRAP: UG2 ore prices continue to surge in China

July 30, 2019 / Staff reporter

Prices for UG2 chrome ore in China rose strongly for the second consecutive week over the seven days ended Friday July 26, but weak profitability for smelters raised questions about the durability of this recovery. UG2 ore market in China increases by $7 per tonne Domestic spot alloy price rises in China, imported alloy stable High carbon alloy prices in Europe, US stableThe chrome ore price conti...Read More

EUROPE ALLOY STEEL SURCHARGES: August values follow nickel price upward

July 30, 2019 / Staff reporter

The monthly European alloy steel surcharges for August have increased from the levels for July following a recent surge in nickel prices, Fastmarkets heard on Monday July 29.Fsatmarkets' stainless steel cold-rolled sheet, 2mm grade 304 alloy surcharge, domestic, Europe, is likely to rise to ?,?1,337-1,382 ($1,487-1,537) per tonne for August, according to data released by Outokumpu, Acerinox and Ap...Read More

INTERVIEW: Better community relations a key Alunorte takeaway, says Norsk Hydro CEO

July 30, 2019 / Staff reporter

Norsk Hydro learned some important lessons from its experiences following heavy rainfall at its Alunorte refinery in Brazil, particularly the need to improve community relations, chief executive officer Hilde Merete Aasheim said. Alunorte has been a "very difficult situation" for Hydro for the past 18 months, she told Fastmarkets during an interview in New YorkHeavy rainfall in Par?? in February l...Read More

IN CASE YOU MISSED IT: 5 key stories from July 29

July 30, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Monday July 29 that are worth another look.The Peruvian federal government is drafting a new mining code to ensure legal certainty and social responsibility in the development of projects in the country, national president Mart?-n Vizcarra said on Sunday July 28 during the country's independence day festivities. The announcement wa...Read More

Chinese copper scrap quotas filled; July discount widens

July 30, 2019 / Staff reporter

The discount for No2-grade copper scrap in China widened this month on higher availability because Chinese buyers have quickly used up the import quotas granted by the government.The value for copper scrap No2 copper (birch/cliff), imported into China, 94-96%, LME/Comex discount, cif China, was $0.32-0.36 per lb on Monday July 29, compared with $0.29-0.35 per lb on June 24.Scrap material from Sout...Read More

IRON ORE DAILY: SGX's 65% Fe derivative contract hits record monthly volume

July 30, 2019 / Staff reporter

Singapore Exchange's (SGX) 65% Fe iron ore derivative contract hit a monthly-traded volume of 2.0397 million tonnes as on Monday July 29, the highest since the contract's launch on December 3, 2018.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $117.99 per tonne, down $0.32 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $1117.91 per t...Read More

COKING COAL DAILY: Fob Australia premium hard index drops to two-year low

July 30, 2019 / Staff reporter

Seaborne coking coal prices dropped on Monday July 29, as offer and traded levels plunged.A premium mid-vol cargo changed hands at $168 per tonne fob Australia, market sources said during the day.On the Global Coal platform, an offer for a September-loading premium mid-vol cargo stood at $162 per tonne fob Australia, they added.Chinese buyers continue to hold a bearish outlook on prices amid restr...Read More

Citic Metal keeps Q3 ferro-niobium price unchanged despite lower ferro-vanadium prices

July 30, 2019 / Staff reporter

Citic Metal, the exclusive sales agent in China for ferro-niobium from Companhia Brasileira de Metalurgia e Minera????o (CBMM), surprised the market by keeping its third-quarter price unchanged from the previous quarter, sources told Fastmarkets.The market had been expecting CBMM to lower its ferro-niobium price, which has gradually lost its allure compared with vanadium products because of the de...Read More

INTERVIEW: Trade tensions hinder investors, growth, Norsk Hydro CEO says

July 30, 2019 / Staff reporter

The uncertainty created by trade tensions, including the potential for US tariffs on the automotive sector, is deterring investment decisions in the industry and leading to reduced forecasts for growth, according to Norsk Hydro's chief executive officer. One of the key reasons why the Norwegian aluminium producer lowered its demand growth expectations for the metal in 2019 was the insecurity...Read More

IN CASE YOU MISSED IT: 5 key stories from July 29

July 30, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Monday July 29 that are worth another look.The Peruvian federal government is drafting a new mining code to ensure legal certainty and social responsibility in the development of projects in the country, national president Mart?-n Vizcarra said on Sunday July 28 during the country's independence day festivities. The announcement wa...Read More

Peru drafting new mining code amid protests against T?-a Mar?-a copper unit

July 30, 2019 / Staff reporter

The Peruvian federal government is drafting a new mining code to ensure legal certainty and social responsibility in the development of projects in the country, national president Mart?-n Vizcarra said on Sunday July 28 during the country's independence day festivities.The announcement was made following almost two weeks of public demonstrations and street blockades in the Arequipa region against...Read More

LIVE FUTURES REPORT 29/07: LME nickel rebounds by 1.4% despite thin volumes in most

July 30, 2019 / Staff reporter

Base metals prices other than tin and lead had rebounded by the kerb close on the London Metal Exchange on Monday July 29 despite thin trading volumes and a stronger US dollar index.After a cautious start to the day, most of the base metals made gains in anticipation of tomorrow's trade meeting between the United States and China, the release of Chinese economic data and a Federal Open Markets Com...Read More

INTERVIEW: Customers starting to pay for green aluminium, Norsk Hydro CEO says

July 30, 2019 / Staff reporter

Consumers are starting to pay a premium for aluminium produced with lower carbon emissions and a limited environmental impact, according to the chief executive officer of Norsk Hydro. The Norwegian aluminium producer is starting to see traction for its green aluminium products, which include brands Hydro 4.0 and Hydro 75R, Hilde Merete Aasheim told Fastmarkets."We'd really like to build on this go...Read More

High-silver lead concentrate TCs rise to 2-year highs on Port Pirie outage; zinc market locks in benchmark

July 30, 2019 / Staff reporter

The continued closure of the import arbitrage window to China and the lingering absence of Nyrstar's Port Pirie from the market triggered a rise in treatment charges for lead concentrates over July, while TCs for zinc concentrates also rose.Fastmarkets assessed low-silver spot lead concentrate TCs at $30-50 per tonne cif China on July 26, up from $20-30 per tonne a month earlier. Spot TCs for high...Read More

Chinese copper scrap quotas filled; July discount widens

July 30, 2019 / Staff reporter

The discount for No2-grade copper scrap in China widened this month on higher availability because Chinese buyers have quickly used up the import quotas granted by the government.The value for copper scrap No2 copper (birch/cliff), imported into China, 94-96%, LME/Comex discount, cif China, was $0.32-0.36 per lb on Monday July 29, compared with $0.29-0.35 per lb on June 24.Scrap material from Sout...Read More

US merchant bar quality steel prices flat; import prices slip

July 30, 2019 / Staff reporter

Merchant bar quality (MBQ) steel prices in the United States remained flat month over month, although some sources reported seeing improved market activity in certain regions of the country.Fastmarkets monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US, remained at a 16-month low of $33.80 per hundredweight ($676 per short ton) on Friday July 26 after falling...Read More

Mexico's Ahmsa logs lower steel prices, sales volumes in Q2

July 30, 2019 / Staff reporter

Mexican integrated steelmaker Altos Hornos de Mexico (Ahmsa) posted a 22.9% year-on-year decline in second-quarter steel sales volumes, while its average selling price fell by 13.3% in the same comparison.Steel sales volumes totaled 759,205 tonnes in the second quarter compared with 984,524 tonnes in the same period last year, Ahmsa said in its quarterly earnings report on Friday July 26. Its...Read More

Saudi Arabia may impose new duty on rebar exports

July 30, 2019 / Staff reporter

The Saudi Arabian government is planning to impose a new export duty on steel rebar, market participants told Fastmarkets on Monday July 29.No official announcement about a new duty had been made before the story was published in a local newspaper, which quoted a spokesperson from the Ministry of Commerce & Investment saying that the government will impose the duty soon.The...Read More

CIS LONG STEEL: Wire rod export price weakens on lower bids

July 30, 2019 / Staff reporter

Slower buying activity and lower bids from customers have forced CIS wire rod suppliers to reduce their export offer prices at the end of this month, Fastmarkets learnt on Monday July 29.Russia-origin wire rod was available to foreign customers at $490 per tonne fob Black Sea, down by $10 per tonne week on week. A European trader was bidding around $485 per tonne fob. But this price was rejected b...Read More

Slab import prices in Asia rise on higher asking prices

July 30, 2019 / Staff reporter

Import prices for steel slab in Southeast Asia and East Asia rose over the past week after producers raised their asking prices because of high raw material costs, market sources said.The price hikes were expected because of the rise in the iron ore price, source in Southeast Asia said.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao, was $118.31 per tonne on July 26, up $1.31 per tonne f...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok