Price trends in the global steel billet market changed direction in the week ended Friday February 22 amid limited interest from buyers in most outlets as well as a drop in imported scrap prices in Turkey.Turkish producers wanted demand to pick up for rebar and billet, in both the domestic and export markets, before they would buy more scrap, which resulted in the lack of trading activity.As a res...Read More
Price trends in the global steel billet market changed direction in the week ended Friday February 22 amid limited interest from buyers in most outlets as well as a drop in imported scrap prices in Turkey.Turkish producers wanted demand to pick up for rebar and billet, in both the domestic and export markets, before they would buy more scrap, which resulted in the lack of trading activity.As a res...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 22 that are worth another look.Coal trading has become too risky, a trader said on Thursday February 21 following news that customs authorities in Dalian, a major city in northeastern China, had slashed the yearly coal import quota for ports under their jurisdiction by 25%.Zinc smelters have submitted bids...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 22 that are worth another look.Coal trading has become too risky, a trader said on Thursday February 21 following news that customs authorities in Dalian, a major city in northeastern China, had slashed the yearly coal import quota for ports under their jurisdiction by 25%.Zinc smelters have submitted bids...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 m...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures responded to a 5.6% increase in the Shanghai Composite Index to 2961.28 in overnight trading on news that the Trump Administration plans to delay tariff increases on Chinese imports beyond the self-imposed March 1st deadline. Newmont Mining added $0.12 to 36.60 after Barric...Read More
Copper's three-month price on the London Metal Exchange continued its strong performance at the close of trading on Friday February 22, reaching a seven-month high, while low LME stocks and a fresh cancelation of more than 37,000 tonnes in the morning supported the price.Trading was at its highest level since July 2018, and only a month earlier copper's three-month price had reached levels in exce...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Zinc and lead concentrate treatment charges (TCs) rose in February deals for spot cargoes with liquidity sinking over the Lunar New Year and while market participants became insular ahead of annual contract negotiations.Fastmarkets assessed zinc concentrate TCs at $215-250 per tonne on February 22 from $210-240 per tonne in January, which reflects the gap between the low volumes of trader and smel...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
Zinc and lead concentrate treatment charges (TCs) rose in February deals for spot cargoes with liquidity sinking over the Lunar New Year and while market participants became insular ahead of annual contract negotiations.Fastmarkets assessed zinc concentrate TCs at $215-250 per tonne on February 22 from $210-240 per tonne in January, which reflects the gap between the low volumes of trader and smel...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 22. Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 22.China The domestic ferro-chrome spot price rose in response to higher raw material prices pushing up production costs. But Tisco steel mill announced their March tender...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Steel scrap prices in the principal trading regions have fallen sharply, as was expected by the majority of market participants, during the working week from Monday February 18 to Friday February 22.The price falls followed the decrease in Turkish scrap import prices this week, which was itself the result of limited demand for rebar and billet in the country's domestic market.Prices in Taiwan mana...Read More
The price of shredded ferrous scrap imported into India fell this week, confirming the correction that market participants had been expecting, sources told Fastmarkets on Friday February 22.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $339.44 per tonne cfr on February 22, a fall of $6.06 per tonne from $345.50 per tonne cfr on Februa...Read More
Light iron steel scrap prices in the United Kingdom have increased for a fifth consecutive week, because of higher export prices in key markets, sources told Fastmarkets on Wednesday February 22,.But a correction could be coming, they added, with global markets beginning to struggle.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?95-120 ($124-157...Read More
The US copper market saw heavy buying Friday morning amid mounting optimism that the trade dispute between the United States and China will be resolved in the coming months.The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped 4.20 cents to $2.9390 per lb.Progress in US-China trade talks continued to prompt positive market sentiment over the week, w...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More