Base Metal Stocks Articles

CHINA REBAR: Prices down, demand up

September 15, 2021 / Staff reporter

China's domestic rebar prices dropped on Tuesday September 14 and the lower prices attracted higher sales volumes.DomesticEastern China (Shanghai): 5,500-5,540 yuan ($853-859) per tonne, down by 30-40 yuan per tonneLower prices in the wake of futures losses attracted more buyers than on Monday, sources said, Typhoon Chanthu, which landed in eastern China's Zhejiang province...Read More

CHINA HRC: Domestic prices drop amid muted market

September 15, 2021 / Staff reporter

Domestic hot-rolled coil prices in China dropped on Tuesday September 14, with trading activity weakening and adverse weather constraining deliveries while sentiment deteriorated on a tumbling raw material market.DomesticEastern China (Shanghai): 5,770-5,820 yuan ($895-903) per tonne, down by 80 yuan per tonneThe spot HRC market came to a near standstill in the afternoon, with the sharp price decl...Read More

IRON ORE DAILY: Demand still weak amid energy consumption, emissions restrictions

September 15, 2021 / Staff reporter

Seaborne iron ore prices continued to decline on Tuesday September 14, due to depressed demand in certain regions of China, where steelmakers are facing energy consumption and emissions-control measures, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $121.67 per tonne, down $2.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.63 per tonne, down $1.53 per ton...Read More

ASIA STEEL SCRAP DIGEST: Cheaper Russian bulk scrap emerges in China market

September 15, 2021 / Staff reporter

The Chinese import market for steel scrap remained quiet on Tuesday September 14 despite Russian sellers offering bulk plate and structural (P&S) scrap at lower prices, market sources said.Cheaper Russia-origin P&S still not attractive to buyers in ChinaSharp drop in Chinese ferrous futures hampers scrap buying demandUptrend continues in Taiwan imported containerized scrap.ChinaLower-cost steel sc...Read More

COKING COAL DAILY: Seaborne cfr prices rise again on tight supplies

September 15, 2021 / Staff reporter

Seaborne coking coal prices in the cfr market continued to climb on Tuesday September 14, mainly due to supply tightness, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $493.17 per tonne, up $5.84 per tonneHard coking coal, cfr Jingtang: $452.87 per tonne, up $6.31 per tonnePremium hard coking coal, fob DBCT: $358.28 per tonne, down $3.82 per tonneHard coking c...Read More

DAILY STEEL SCRAP: Fresh US cargoes correct up prices

September 15, 2021 / Staff reporter

Turkish steelmakers have continued to book deep-sea scrap cargoes at slightly better prices, market participants told Fastmarkets on Tuesday September 14.A steel mill in the Iskenderun region booked a United States cargo comprising 24,000 tonnes of HMS 1&2 (85:15) at $443 per tonne and 4,000 tonnes of plate and structural (P&S) at $458 per tonne cfr.The same mill also booked a Canadian cargo compr...Read More

GLOBAL CHROME SNAPSHOT: Production cuts underpin China's alloy market

September 15, 2021 / Staff reporter

An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday September 14 and their latest price moves.China Tighter production curbs strengthened sentiment in the ferro-chrome market, underpinning domestic spot prices. With looming concerns over domestic supply, and demand for material expected to be resilient, buyers' appetite for imported ferro-chrome was enh...Read More

PEOPLE MOVES: China Copper's Wang joins Gerald's copper concs desk

September 15, 2021 / Staff reporter

China Copper's copper concentrates procurement manager Garin Wang has recently joined Gerald Metals, Fastmarkets learned. Wang has taken up the role as senior concentrates trader of Gerald's Shanghai office, sources...Read More

FOCUS: Chinese lead smelters see 'silver lining' in precious metal exports

September 15, 2021 / Staff reporter

Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More

Manganese markets find fresh liquidity, but seller demands still too high

September 15, 2021 / Staff reporter

High-grade manganese prices rose in China with the return of liquidity in the week to Friday September 10, while the price of semi-carbonate ore was unchanged week-on-week, with South African exports continuing to weigh heavily on the markets.Fastmarkets' price index for manganese ore 44% Mn, cif Tianjin, rose to $5.26 per dry metric tonne unit (dmtu) on September 10, up by 12 cents per dmtu (2.3%...Read More

IN CASE YOU MISSED IT: 5 key stories from September 14

September 15, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Tuesday September 14 that are worth another look....Read More

ASIA STEEL SCRAP DIGEST: Cheaper Russian bulk scrap emerges in China market

September 15, 2021 / Staff reporter

The Chinese import market for steel scrap remained quiet on Tuesday September 14 despite Russian sellers offering bulk plate and structural (P&S) scrap at lower prices, market sources said.Cheaper Russia-origin P&S still not attractive to buyers in ChinaSharp drop in Chinese ferrous futures hampers scrap buying demandUptrend continues in Taiwan imported containerized scrap.ChinaLower-cost steel sc...Read More

DAILY STEEL SCRAP: Fresh US cargoes correct up prices

September 15, 2021 / Staff reporter

Turkish steelmakers have continued to book deep-sea scrap cargoes at slightly better prices, market participants told Fastmarkets on Tuesday September 14.A steel mill in the Iskenderun region booked a United States cargo comprising 24,000 tonnes of HMS 1&2 (85:15) at $443 per tonne and 4,000 tonnes of plate and structural (P&S) at $458 per tonne cfr.The same mill also booked a Canadian cargo compr...Read More

UK STEEL SCRAP MONTHLY: Consumers win price concessions on slow exports

September 15, 2021 / Staff reporter

Steel scrap consumers in the British market have won price concessions in their delivery settlements with suppliers for September, trade sources said on Tuesday September 14.The buyers used the slow export market and a consequent build-up of material to successfully argue for lower costs for their supplies this month.Steel foundries managed to negotiate a reduction of around ?10 ($14) per tonne o...Read More

GULF STEEL BILLET, REBAR: Buyers wait for new projects before placing big orders

September 15, 2021 / Staff reporter

Buyers of steel rebar and billet in the United Arab Emirates preferred to wait for new construction or infrastructure projects to be announced before placing big orders because of price uncertainty, sources told Fastmarkets on Tuesday September 14.However, no big projects have been announced recently in the region, sources added.UAE market participants did not want to order material in case global...Read More

Jiangxi Copper to develop Afghan copper mine when conditions allow

September 14, 2021 / Staff reporter

China's leading copper producer, Jiangxi Copper, will develop the Mes Aynak copper mine in Afghanistan with Metallurgical Corp of China (MCC) when conditions allow, the company said.Due to the unstable situation in Afghanistan, there has not yet been any substantial construction at the mine, but the two companies are monitoring the situation and will push forward with the project when they...Read More

LIVE FUTURES 13/09: Nickel down 2.6% with most LME metals falling; aluminium touches $3,000/t

September 14, 2021 / Staff reporter

Prices for most metals fell on Monday September 13, except for aluminium, which set a new 13-year high of $3,000 per tonne on Monday.Monday's price drops came after most metals reached year-to-date highs on Friday September 10.Nickel's three-month price was down to $19,870 per tonne on Monday morning, a 2.6% decrease from its closing price of $20,392 per tonne on Friday.The stainless-steel metal r...Read More

LIVE FUTURES 13/09: Aluminium falls from $3,000 high, nickel down 3.3% as LME base metals fall

September 14, 2021 / Staff reporter

Base metals prices on the London Metal Exchange were lower across the board at 5pm on Monday September 13, after coal prices continued to trade downward and strength was seen in the US dollar.The US Dollar Index reached a high of 92.89 on Monday, the highest level seen for more than two weeks and shoring up the current weakness across the base metals complex.The three-month nickel price came under...Read More

IN CASE YOU MISSED IT: 5 key stories from September 13

September 14, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday September 13 that are worth another look....Read More

EUROPE ANTIMONY SNAPSHOT: Prices at eight-year highs amid supply-side and logistical constraints.

September 14, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in London on Friday September 10th.Key drivers: There is market talk of factory closures in Lengshuijiang, Hunan Province due to high antimony content in Zijiang River, which is located there. The central government has ordered all metal refineries in...Read More

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