The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, traded at $75.50 per tonne cfr China, laycan February 3-12.Anglo American, tender, 170,000 tonnes of 67.7% Fe Minas Rio Blast...Read More
The seaborne coking coal spot market tumbled on Monday January 14 with supply pressures weighing on transaction prices for cargoes sold to China.A February-laycan cargo of a top Australian brand was traded around $198-199 per tonne cfr China while a shipment of premium mid-vol materials, also scheduled for loading in February, changed hands at $185 per tonne cfr China."The market is still spiralin...Read More
The seaborne iron ore concentrate and pellets markets both weakened in the week to January 11 amid lackluster demand from China.ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $92.64 per tonne cfr China last Friday, down by $0.12 per tonne from a week earlier.The daily MB 65% Fe Iron Ore Index averaged $88.24 per tonne cfr China last week, compared with an average o...Read More
China's ferrous futures, apart from the iron ore contract, had a strong start to the trading week, ending the morning session on Monday January 14 higher than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,559 yuan ($526) per tonne, up 25 yuan per tonne May hot rolled coil: 3,453 yuan per tonne, up 25 yuan per tonne Dalian Commodity Exchange Ma...Read More
Here are five Fastmarkets MB stories you might have missed on Monday January 14 that are worth another look.Participants in the Japanese market are deciding whether to change the benchmark price for long-term ferro-chrome contracts to China's monthly steel mill ferro-chrome tenders price from the quarterly European benchmark price, market participants told Fastmarkets. RISI and FOEX, two lead...Read More
Norway-based ferro-silicon alloy producer Elkem and UK-based Ferroglobe have reduced their silicon production by 30,000 tonnes per year and 27,000 tpy, respectively, with both quietly introducing the cuts around the year-end holiday period.Elkem began cutting its silicon output effective from Monday January 7 by temporarily reducing production by one furnace at Elkem Salten. The company joins...Read More
The antimony and gold processing facility that is being built in the Port of Sohar Free Zone in Oman by Strategic & Precious Metals Processing (SPMP) will need further capital expenditure and additional working capital, Fastmarkets heard on Monday January 14.This was due to delays to the production of first metal and to the full commissioning of the plant.Tri-Star Resources, which has a 40% stake...Read More
Much has been said of a potential increase in tellurium prices after concerns about a tellurium deficit in 2020 were raised in recent months; but despite firm demand from the solar industry, there are no clear indicators that prices will peak anytime soon due to current market dynamics. Robust solar demand The main driver of increased tellurium consumption is the growth in the cadmium telluride ph...Read More
The global antimony market was largely quiet in the week ended Friday January 11, with prices in China and Europe unchanged. In Europe, Fastmarkets' price assessment for MMTA standard grade II antimony, in-warehouse Rotterdam, was stable week on week at $7,700-7,900 per tonne on Friday. The price for trioxide-grade antimony, in-warehouse Rotterdam, was also steady at $7,900-8,100 per tonne on Frid...Read More
Pressure growing to boost flagging demand-side fundamentals Overall the supply fundamentals across most of the base metals continue to tighten, or at least remain tight. But the outlook for demand is where the weakness is. The more the global economy weakens, the less impact tightening supply fundamentals will have on metal prices. However, should the demand outlook get a meaningful boost – f...Read More
Weak Chinese data compounds fragile macro...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
Aluminium The LME aluminium three-month price remains under...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 do...Read More
Copper boosted by a positive turn...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
First annual decline in China’s...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
Unpredictable NPI growth... We are forecasting Chinese NPI...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
Rally intensifies The rally in LME...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 soo...Read More
Downbeat data overhangs price sentiment LME zinc prices probed up towards the $2,500 per tonne level last week, before stalling as they encountered significant technical resistance and as global economic indicators continued to weaken. Economic data showed a sharp drop in factory activity in Europe in November. Industrial production in Germany, France and Italy dropped 1.9%, 1.3% and 1.6% respecti...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
Three-month base metals prices on the London Metal Exchange were firmer across the board this morning, Tuesday January 15, with prices up by an average of 0.3%. Bargain hunting stepped in to take advantage of Monday’s price weakness and markets received a confidence boost after China cut some taxes. The three-month copper price on the LME was up by 0.4% at $5,934 per tonne, nickel and le...Read More