Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday December 24* Copper -$65.91 (-455.73 yuan) Aluminium -$389.21 (-2,691.1 yuan) Zinc -$10.67 (-73.75 yuan) Nickel $127.47 (881.36 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Physical iron ore prices dipped on Monday December 24 following declines in China's steel and futures markets.MB 62% Fe Iron Ore Index: $71.58 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.41 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.52 per tonne cfr Qingdao, down $0.64 per tonne. MB 58% Fe Premium Index: $63.67 p...Read More
Cobalt prices continued to slide in the second half of the month as sellers feeling the pressure to destock ahead of the year-end faced buyers reluctant to add to their books in December. Fastmarkets assessed high-grade cobalt prices at $26.25-28 per lb, in-warehouse, on Friday December 21, down from $27-29 per lb at the time of the midweek assessment. Fastmarkets assessed low-grade cob...Read More
Lead rose 1% by the close on the London Metal Exchange on Monday December 24, while the rest of the base metals inched lower in a mostly quiet session ahead of the Christmas holidays.Following a 31,150 tonne cancellation on Monday, mostly in Antwerp LME sheds, lead was the best performer up $20 per tonne to close at $1,985 per tonne on Monday. Total lead stocks fell 50 tonnes to 107,575 tonnesDesp...Read More
The latest news and price moves to start the Asian day on Tuesday December 25....Read More
Fastmarkets MB has amended the date of publication of its monthly ferro-nickel cif China price to Monday December 31 instead of today after it was incorrectly published earlier due to a reporter error.The assessment for cif China ferro-nickel premium with 26-32% nickel content is scheduled to be published every last Monday of each month.The price, which was assessed at a discount of $250-120 per t...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday December 24* Copper -$65.91 (-455.73 yuan) Aluminium -$389.21 (-2,691.1 yuan) Zinc -$10.67 (-73.75 yuan) Nickel $127.47 (881.36 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Several of China's top smelters agreed to reduce another 800,000 tonnes of aluminium capacity in the coming days, Fastmarkets learned from the conference held in Nanning, Guangxi province in China on Friday December 21.Chalco, China Hongqiao, Hangzhou Jinjiang Group, Xinfa Group, East Hope and State Power Investment were reported to attend the conference, which aimed to lift confidence in the alum...Read More
Base metals prices on the London Metal Exchange were little changed during morning trading on Monday December 24, with trading volumes low due to a number of participants being absent from the market for the Christmas holidays.Lead prices had not yet responded to a large cancellation at LME-listed warehouses - the price was just $4 per tonne higher as it remained below the $2,000-per-tonne support...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday December 24.There was general weakness across the base metals traded on the Shanghai Futures Exchange during Asian morning trading on Monday, with prices broadly down amid bearishness stemming from a challenging macro environment.Check Fastmarket MB's live futures report here.The London...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
The growth of demand has been the key factor influencing the positive trend in the global steel market in recent years, Fastmarkets research manager Alistair Ramsay said earlier this month at the 22nd Middle East Iron and Steel Conference in Dubai.Over the past decade global steel consumption increased by total of 35%, growing by around 3% annually. In 2018, global consumption is expected to rise...Read More
China's hot-rolled coil prices were little changed on Monday December 24 in sparse trading, with participants bearish on the outlook for prices over the coming days, source told Fastmarkets MB.DomesticEastern China (Shanghai): 3,790-3,810 yuan ($549-552) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,690-3,700 yuan per tonne, unchangedPrices in Shanghai dipped following...Read More
Import prices for steel slab in Southeast Asia and East Asia fell during the past week due to lower indicative offers and bids amid sustained bearish sentiment, although no transactions were reported.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $430-440 per tonne cfr on Monday December 24, down $15 per tonne from a week earlier.No new deals were hear...Read More
China's domestic rebar prices were mixed on Monday December 24, with prices in the east of the country down amid lower futures and billet prices, but those in the north flat Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($547-553) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,620-3,650 yuan per tonne, unchangedBillet prices dropped over the past weekend due to weak...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: hot-rolled coilHot-rolled coilEast China, domestic,...Read More
The Vietnam HRC import market maintained its downward trend in the past week on thin spot trade.Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $470-480 per tonne cfr for the week ending Monday December 24, down from $480-490 per tonne cfr in the preceding week.There were negot...Read More
Anglo American has raised the 2019 production guidance for its Minas Rio operations in Brazil to 18-20 million wet metric tonnes of iron ore.The production guidance has increased due to the regulatory approval related to the Step-3 license area, which allows the company more flexibility in its operations and access to higher...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
Physical iron ore prices dipped on Monday December 24 following declines in China's steel and futures markets.MB 62% Fe Iron Ore Index: $71.58 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.41 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.52 per tonne cfr Qingdao, down $0.64 per tonne. MB 58% Fe Premium Index: $63.67 p...Read More