Turkish domestic scrap prices remained largely steady over the past week, sources told Fastmarkets on Monday July 1, with most steel producers keeping their buy prices unchanged. However, domestic scrap prices are expected to recover from this point on, in line with the upturn in the imported scrap values, they added.Only two steel mills have slightly reduced their buy prices - for auto...Read More
Seaborne iron ore prices pushed up again on Monday July 1, with gains also seen in the downstream sector in China.MB 62% Fe Iron Ore Index: $123.65 per tonne cfr Qingdao, up $5.18 per tonne. MB 62% Fe Pilbara Blend Fines Index: $121.69 per tonne cfr Qingdao, up $5.18 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $125.76 per tonne cfr Qingdao, up $6.12 per tonne. MB 58% Fe Premium Index: $113.67...Read More
Seaborne iron ore concentrate prices made little movement last week although the price paid for iron ore pellets continued to move up while environmental restrictions on steelmaking operations in parts of China underpinned demand for the latter.The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $123.03 per tonne cfr China last Friday, moving down by $0.02 per tonne week on week.T...Read More
Pessimism grew in the seaborne coking coal market on Monday July 1, with transactions and offers declining further.A shipment of premium low-vol hard coking coal, scheduled for loading over July 4-14, was sold to an end user in northern China over the weekend at $192.94 per tonne cfr China, according to various sources.This is down around $4 per tonne compared with a transaction last Friday involv...Read More
Fastmarkets MB is changing the frequency of its cfr Taiwan containerized steel scrap assessment to a daily one from Monday July 1. The move follows a one-month consultation, and is aimed at capturing in greater detail the price movements for the steelmaking raw material in Asia, of which those in the territory serve as a major benchmark. This assessment was previously done on a weekly basis and pu...Read More
Chinese hot-rolled coil prices strengthened on Monday July 1 on optimism generated by the agreement to resume trade talks between China and the United States.DomesticEastern China (Shanghai): 4,000-4,020 yuan ($582-585) per tonne, up 80 yuan per tonneNorthern China (Tianjin): 3,920-3,940 yuan per tonne, up 70-80 yuan per tonneMills raised their offers over the weekend amid improved sentiment after...Read More
Prices for Chinese rebar increased sharply on Monday July 1 in both the domestic and export markets following signs of an improvement in trade relations between China and the United States over the weekend.Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($587-593) per tonne, up 70 yuan per tonneNorthern China (Beijing): 3,950-3,990 yuan per tonne, up 100-110 yuan per tonneUS President Donald T...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 28.ChinaKey drivers The Chinese domestic antimony price was unmoved for a fourth consecutive week, which reflects thin spot business. But the price could dip in this because some Chinese antimony suppliers have shown willingness to lower their offer prices to encourage sales to destock and generate cash flow.Still...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 28ChinaChina's silicon export price slides on signs of a weakening domestic market due to more supply and limited bookings for July cargoes. Sellers open to cheaper bids to achieve sales early in expectation of slow demand in the summer lull and increasing supply during rainy season. Most refiners in Yunnan provin...Read More
Spanish stainless steelmaker Acerinox has appointed Mark Davis chief executive officer of its Bahru Stainless joint venture in Malaysia, it said on Monday July 1.Davis replaces Oswald Wolfe, who becomes director of institutional relations at Acerinox's headquarters in Madrid, Spain. Wolfe had been CEO of...Read More
Positivity...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published...Read More
LME aluminium prices up 1.9% last...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Aluminium The London Metal Exchange three-month aluminium price...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plu...Read More
Small deficit in Q1 The ICSG...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
Lead prices put in a...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s...Read More
Fundamentals may be running tighter than we expected...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the l...Read More
Underperformance in June The LME tin...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as s...Read More
Takeaways from the HDG market We...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More