In July and August, prices of both antimony metal and trioxide (ATO) continued to rise amid ore shortages in China and disruptions to sea shipping worldwide. Market participants expected further price increases, but some warned that high prices could push customers to seek possible alternatives to antimony as a flame-retardant additive.Price movesAverage prices for antimony moved up in August. Ove...Read More
Brazil's Vale has launched a new iron ore product that will reduce greenhouse gases by up to 10% in the steel production process, it said on Thursday September 9.Its "green briquette" is produced by agglomerating iron ore to withstand the high temperatures of blast furnaces without disintegrating. It also allows steelmakers to move away...Read More
Base prices for cold-rolled stainless steel in Europe increased in the week ended Friday September 10 due to the ongoing supply shortage, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, base price domestic, delivered Northern Europe rose to ?,?1,800-1,850 ($2,128-2,187) per tonne on September 10, up by ?,?50 per tonne week on wee...Read More
The three-month nickel price on the London Metal Exchange gained 2.6% to its highest so far in 2021 during early trading on Friday September 10, while aluminium also reached a new year-to-date peak of $2,894 per tonne.The entire base metals complex is set to end the week higher. Nickel reached $20,705 per tonne on Friday morning - a price not seen since 2014 when it rose as high as $21,625 per ton...Read More
Following a downtrend that began in mid-June due to soft demand, the market for pig iron imports in the United States stopped falling during the week to Friday September 10 because suppliers have sold large tonnages, mainly to China.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, widening upward from $530-535 per tonne cfr a week before....Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More
Prices for low-copper, high-silicon secondary aluminium alloys - 356.1, A360.1 and A413.1 - climbed further on Thursday September 9; prices breached all-time highs in June and have continued to rise since then. Spot activity was thin in the week because buyers had locked up their needs the previous week ahead of the long weekend for the United States Labor Day holiday, but producers increased pric...Read More
Chinese buyers purchased several hundred thousand tonnes of import steel billet cargoes at rising prices during the week to Friday September 10, amid support from tighter production restrictions in the country, sources told Fastmarkets.Deal prices for 3sp billet imported to China reached $705 per tonne cfr by Tuesday and continued rising through the latter part of the week.Fastmarkets' price asses...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.The association's September 9 report listed several positive factors, most notably the improving supply-demand balance in the major markets, planned infrastructure investments worldwide, and the growing number...Read More
Premium hard coking coal prices jumped on Friday September 10, with offers rising to $335 per tonne fob Australia, and market sources blaming tight supply for the increase.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $480.65 per tonne, up by $4.17 per tonneHard coking coal, cfr Jingtang: $444.04 per tonne, up by $1.76 per tonnePremium hard coking coal, fob DBCT: $333.12 per tonne, up...Read More
Domestic hot-rolled coil prices in China increased further on Friday September 10, hitting their highest levels since the start of August, with the expectations of tougher curbs on production supporting market sentiment.DomesticEastern China (Shanghai): 5,850-5,920 yuan ($909-920) per tonne, up by 30-50 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,780-5,830 yuan ($898-906) per ton...Read More
Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.Turkey scrap prices stable after raft of deep-sea bookingsUnited States scrap export prices still in decline Vietnamese import interest renewed amid higher Chinese...Read More
Prices for shredded steel scrap imports into Pakistan inched upward in the week to Friday September 10, supported by healthy demand, sources told Fastmarkets.Prices in India showed small week-on-week rises but have fluctuated in narrow ranges through the week, with trading activity limited.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at...Read More
Seaborne iron ore prices edged down on Friday September 10, in expectation of weakening demand due to the potential for further steel production cuts until the end of 2021, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $129.71 per tonne, down $0.55 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.25 per tonne, down $0.67 per tonne58% Fe fines high-grade premiu...Read More
Steel mill shipments in the United States increased modestly month on month and significantly year on year for the third month in a row in July, with year-to-date volumes also higher compared with the first seven months of 2020.US steel mills shipped 8.28 million net tons in July, up by 3.08% from 8.03 million tons in June and up by 37.17% from 6.04 million tons shipped in July 2020, according to...Read More
Brazil's pig iron export market rebounded during the week ended Friday September 10 on active sales to the United States and China, sources told Fastmarkets.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $475-500 per tonne on Friday, widening upward from $475-485 per tonne a week earlier.A sale of pig iron was done to the US at $480 per tonne early during the week...Read More
Brazil's pig iron export market rebounded during the week ended Friday September 10 on active sales to the United States and China, sources told Fastmarkets.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $475-500 per tonne on Friday, widening upward from $475-485 per tonne a week earlier.A sale of pig iron was done to the US at $480 per tonne early during the week...Read More
Base prices for cold-rolled stainless steel in Europe increased in the week ended Friday September 10 due to the ongoing supply shortage, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, base price domestic, delivered Northern Europe rose to ?,?1,800-1,850 ($2,128-2,187) per tonne on September 10, up by ?,?50 per tonne week on wee...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More