The three-month prices of base metals traded on the London Metal Exchange universally rose during the morning session on Friday July 12, buoyed by a slew of positive economic data released from China. China's trade balance, which tracks the monetary differential between a country's net imports and exports over a period of time, increased a significant 23% year on year to 345 billion yuan ($19.65 b...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Chinese silico-manganese producers withdrew from the portside spot market this week, citing sufficient stocks having increased their procurement volumes ahead of the release of the July tender price by Hebei Steel, forcing some ore traders to lower their offers. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin China, dropped by 0.30 yuan week on week to 48.30 yuan ($7....Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity. Turkey sees limited import trades US East Coast exporters see bearish demand Asian import prices up but downtrends possible Monsoon in India reduces spot...Read More
Austenitic alloy steel scrap prices in Europe increased this week as a result of higher nickel costs, sources told Fastmarkets on Friday June 12. The increases came about despite low demand, which in recent weeks has countered the influence of higher nickel prices. However, this week the nickel price rises were more substantial. The price of nickel, 3 months, London Metal Excha...Read More
The UK ferrous scrap market for deliveries to domestic consumers in July has settled at prices unchanged from the previous month, on a tightness in the volume of material on the market, trade sources told Fastmarkets on Friday July 12.The market will soon slow down for the usual summer break, they predicted, when production will typically be reduced by workers' holidays, and by plants' maintenance...Read More
China's trade surplus with the United States in the first half of 2019 has increased as imports from the US have fallen by 25.7%, stoking fears thatPresident Trump will harden his position in trade talks with China. In his speech to Senate Banking Committee, US Federal Reserve Chairman Jerome Powell maintain a dovish stance and stated that the US economy is in a very good place but faced exte...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
China's battery grade lithium carbonate and hydroxide prices hit fresh 2019 lows in the week ended Thursday July 11 with more producers lowering prices to boost sales amid subdued downstream demand and a negative short-term outlook. Battery grade lithium carbonate spot price in China fell as low as 68,000 yuan per tonne. Technical and industrial grade lithium carbonate spot prices followed t...Read More
Flat-rolled steel import prices in South America trended in different directions in the week to Friday July 12, as the current Chinese upturn provided a tailwind while hot-rolled coil and Galvalume were influenced by discounted deals.Fastmarkets' price assessment for steel cold-rolled coil import, cfr main ports South America, was $575-585 per tonne on Friday July 12, up by $5 from $570-580 per to...Read More
Import bookings of hot-rolled coil (HRC) into India have come to a standstill because of tariff uncertainties, with buyers fearing that the government may soon impose a safeguard duty on flat steel imports.Japanese and South Korean mills which regularly sell HRC to Indian importers made no fresh offers in the week ended Friday July 12 because importers are not willing to open letters of credit, ev...Read More
Fastmarkets examines hot-rolled coil and plate prices across the United States, China and the European Union, to determine what influence - if any - the two carbon steel products have on each other's pricing movements.US: Is the wider spread between HRC and plate the "new normal"?The wide spread between prices for hot-rolled coil and plate has been blamed for the fast-falling US plate market in th...Read More
China's finished steel exports in January-June 2019 dropped by 2.6% from the corresponding period of last year. China exported 34.4 million tonnes of finished steel over the first six months of this year, according preliminary Chinese customs data released on Friday July 12. The country shipped 5.31 million tonnes of finished steel abroad in June, down 23.5% from 6.94 million tonnes a...Read More
A weakening of rebar futures in China on Friday July 12 led to participants withdrawing from the spot market for the long steel product, resulting in a drop in trading activity and keeping prices at a standstill for a second day. Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($579-582) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedTraders kept prices flat...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity. Turkey sees limited import trades US East Coast exporters see bearish demand Asian import prices up but downtrends possible Monsoon in India reduces spot...Read More
Import pig iron prices in the United States picked up in the week ended Friday July 12 on reduced availability from the Commonwealth of Independent States, sources have told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $360 per tonne on Friday, up from $350-355 per tonne a week before."There is deferred demand for pig iron in the US, while we [supplie...Read More