Turkish domestic scrap prices have gone down over the past week in line with the downturn in imported scrap values, sources said on Monday February 25.Fastmarkets' weekly price assessment on Monday for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,630-1,820 ($306-342) per tonne delivered, widening downward from the TRY1,680-1,820 per tonne of last week.A number of steel mills and a maj...Read More
Seaborne iron ore prices fell significantly on Monday February 25 amid limited trading activity after losses in the futures and swaps markets. MB 62% Fe Iron Ore Index: $84.84 per tonne cfr Qingdao, down $1.81 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.24 per tonne cfr Qingdao, down $1.81 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.42 per tonne cfr Qingdao, down $2.01 per tonne....Read More
Seaborne coking coal spot prices held steady on Monday February 25 amid thin trading."The market is taking a breather for now but the short-term trend is still up due to tight seaborne supply," an Indian trading source said.While there are at least 12 cargoes of premium hard coking coal and four shipments of second-tier materials - all of which are scheduled for loading in February-April - in the...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday February 25*Copper -$175.84 (-1,179.03 yuan) Aluminium -$341.13 (-2,287.27 yuan) Zinc -$119.98 (-804.44 yuan) Nickel -$278 (-1,863.97 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month...Read More
The most-traded tin contract on the Shanghai Futures Exchange surged during the Asian trading session on Monday February 25, which market participants attributed to concerns of tighter tin concentrate supply after China's Yinman Mining was suspended by the local Emergency Management Agency the previous day. The most-traded May tin contract hit a high of 153,490 yuan ($22,860.80) per tonne at 9:28...Read More
US President Donald Trump has postponed his administration's plans to increase the current import duties on $200 billion-worth of Chinese goods, de-escalating the trade tensions between the two countries."I will be delaying the US increase in tariffs scheduled for March 1," Trump announced via social media on Sunday February 24.According to Trump, there has been "substantial progress in our trade...Read More
The Chinese antimony market remained quiet amid sparse buying interest during the week ended Friday February 22.Fastmarkets assessed the price for MMTA standard-grade II antimony, delivered duty-paid in China, at 48,500-49,500 yuan ($7,231-7,380) per tonne on February 20, unchanged since January 16.The Chinese antimony market has shown limited trading activity since downstream consumers maintained...Read More
Key data from the pricing sessions in London and Shanghai on Friday February 22.ChinaKey drivers- The Chinese silicon fob export price held steady while exporters wait for Japan's quarterly tenders in the days to come.- A lot of off-grade silicon has flowed into the spot market, but considering the quick appreciation of the yuan, most traders are keeping their offers unchanged for the time being t...Read More
Fastmarkets proposes to increase the minimum tonnage of its domestic Chinese indium assessment. The goal of a minimum tonnage is to exclude any deal that, because of its small size or high price, could add bias to the Fastmarkets published price. At the same time, the minimum tonnage must be as low as possible so that the number of deals excluded is the smallest. Initial consultations with market...Read More
Last Thursday's brief correction in metals prices was just a pause in what is turning into a strong rally, with the three-month base metals prices traded on the London Metal Exchange up by an average of 0.6% on the morning of Monday February 25.Copper and tin prices are extending into fresh highs for the year, while the other base metals are rallying. Copper prices were up by 0.4% this morning at...Read More
Afarak has reported a ?,?1 million ($1.14 million) earnings deficit for the full-year 2018, partly due to lower ferro-chrome prices and a weaker spot market for chrome ore. The London and Helsinki-listed mining and metallurgical group reported negative earnings before interest, tax, depreciation and amortization (Ebitda) of ?,?1 million for the full-year 2018, compared with a record ?,?17 million...Read More
Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - China's leading stainless steel mills - have released their March tender prices for high-carbon ferro-chrome over the last two weeks, with Tisco maintaining its price while Tsingshan and Baosteel increased theirs by 100 yuan ($14.90) per tonne.Tisco announced its March tender price for high-carbon ferro-chrome at 6,650 yuan ($990) per to...Read More
Trade...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.Subs...Read More
Prices supported by US-China trade talk...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 a...Read More
Aluminium The rebound momentum since the February 19...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...Read More
Spot TC/RCs have fallen in line...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 a...Read More
Another big deficit year in...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...Read More
Data supports our view that market temporarily rebalanced...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...Read More
Tighter refined market conditions The present...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 i...Read More
ILZSG data showed a 384,000-tonne supply...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...Read More