Base Metal Stocks Articles

Trade log October 2018: Nickel sulfate

November 23, 2018 / Staff reporter

Trade log for nickel sulfate in China including transactions, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets MB prices Click here for Fastmarkets MB's price assessment for nickel sulfate, Ni 21% min 22.5% max, China ex-works, yuan/tonne. The exchange rate according to Oanda.com on Tuesday October 30 was 25,200...Read More

EUROPEAN MORNING BRIEF 22/11: Weakness in SHFE base metals persists; wider LME backwardation deters zinc spot trading; Albemarle plans JV lithium hydroxide plant with MRL

November 23, 2018 / Staff reporter

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Thursday November 22.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Thursday despite the recent softness in the dollar; copper and aluminium were little changed with a slight upward bias, while the rest were lower across the board. Check F...Read More

Brazilian flat steel sales up 0.6% in October amid stable prices

November 23, 2018 / Staff reporter

Flat steel sales volumes from distributors in Brazil increased slightly year-on-year in October 2018, amid stable domestic prices, local flat steel association Inda has said.Sales amounted to 268,500 tonnes in the month, up from 267,000 tonnes in October 2017, according to figures released on Thursday November 22."There is a general sentiment among distributors that the market will improve at some...Read More

TURKEY STEEL BILLET: Prices driven down by negative sentiment, falling scrap costs

November 23, 2018 / Staff reporter

Steel billet prices in Turkey have softened further this week under the influence of the negative sentiment created by falling prices for scrap and China-origin steel, sources said on Thursday November 22.Fastmarkets' weekly price assessment for billet imports into Turkey was $460-465 per tonne cfr on Thursday, down from last week's $475-480 per tonne.The suppliers in the CIS region have reduced t...Read More

TURKEY LONG STEEL: Prices fall further on limited demand

November 23, 2018 / Staff reporter

Rebar and wire rod prices in Turkey's domestic market fell on Thursday November 22, on a stronger lira and poor demand, sources told Fastmarkets.The Fastmarkets weekly price assessment for domestic rebar in Turkey was TRY3,080-3,220 ($576-602) per tonne ex-works, down from TRY3,250-3,400 per tonne.Rebar in the Izmir and Karab? 1/4 k regions was TRY3,100-3,200 per tonne, while in the Istanbul...Read More

CIS STEEL BILLET: Market moves further downward on growing negative sentiment

November 23, 2018 / Staff reporter

CIS export billet prices continued to weaken on Thursday November 22 due to spreading negative sentiment in the market caused by falling finished long steel prices, uncertainty in the import scrap segment in Turkey as well as slumping billet prices in the Southeast Asia market. Fastmarkets' daily CIS export billet index was calculated at $453 per tonne fob Black Sea on Thursday November 22, d...Read More

TURKEY LONG STEEL EXPORTS: Prices down on weak demand, falling scrap costs

November 23, 2018 / Staff reporter

Turkish long steel export prices have gone down sharply on sluggish demand and falling global steel and scrap prices, sources said on Thursday November 22.Fastmarkets' weekly price assessment for rebar exports out of Turkey was $490-500 per tonne fob on an actual weight basis on Thursday, down from last week's $505-510 per tonne.The mills in the country lowered their offers to $500-510 per tonne f...Read More

EGYPT STEEL BILLET, REBAR: Billet prices weaken on lower offers, rebar still steady

November 23, 2018 / Staff reporter

Steel billet import prices in Egypt have fallen slightly over the past week amid poor demand and lower offer prices, while domestic rebar prices were unchanged despite expectations of lower values, sources said on Thursday November 22.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $475-480 per tonne cfr on Thursday, down from $480-485 per tonne cfr last week.Billet p...Read More

Semi-finished Steel Products Trade Log, November 22, 2018

November 23, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletCIS, export, billet, traded at $480...Read More

IRON ORE DAILY: Low-priced offers emerge amid paper retreat, mill margin concerns

November 23, 2018 / Staff reporter

Some physical iron ore sellers made offers on the low side on Thursday November 22 amid losses in paper markets and concerns over shrinking steelmaking margins.MB 62% Fe Iron Ore Index: $72.18 per tonne cfr Qingdao, down $1.88 per tonne.MB 62% Fe Pilbara Blend Fines Index: $71.37 per tonne cfr Qingdao, down $1.88 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $75.82 per tonne cfr Qingdao, down $2...Read More

Steelmaking Raw Materials Trade Log, November 22, 2018

November 23, 2018 / Staff reporter

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, tender, 109,819 tonnes of 61.36% Fe Standard Sinter Feed Guaiba, sold at the January average of the Fastmarkets MB...Read More

COKING COAL DAILY: Market could soften on Chinese buyers' withdrawal

November 23, 2018 / Staff reporter

The inactivity in the seaborne coking coal market persisted on Thursday November 22 amid talk that prices are softening following the exit of Chinese buyers due to import restrictions in the country."There is still demand but the supply [tightness has eased] since China can no longer buy cargoes in the near term. While the market is not crashing, current prices should correct downward," an Indian...Read More

China AM: Little movement for ferrous futures

November 23, 2018 / Staff reporter

China's ferrous futures were largely steady during morning trading on Thursday November 22, with both steel and steelmaking raw materials contracts ending the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,718 yuan ($536) per tonne, down 2 yuan per tonneJanuary hot-rolled coil: 3,612 yuan per tonne, unchangedDali...Read More

CHINA HRC: Prices regain some stability on hesitant buyers

November 23, 2018 / Staff reporter

China's hot-rolled coil market regained some stability on Thursday November 22 with buyers continuing to hold back from restocking.DomesticEastern China (Shanghai): 3,770-3,780 yuan ($543-545) per tonne, narrowing upward 10 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, down 10 yuan per tonneTrading activity remained sparse during the day. A Zhejiang-based trader told Fastmark...Read More

CHINA REBAR: Domestic prices recover slightly on billet gains

November 23, 2018 / Staff reporter

China's domestic rebar prices experienced a slight rebound on Thursday November 22 following gains in the billet market.Domestic Eastern China (Shanghai): 3,990-4,020 yuan ($575-579) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,820-3,850 yuan per tonne, up 10-20 yuan per tonneThe price of billet regained some of the losses incurred in the past few days, which provided support to t...Read More

NORTH AMERICAN MORNING BRIEF 22/11: Import steel billet prices fall; slow trading pressures cobalt sufate prices down; China HRC regains stability

November 23, 2018 / Staff reporter

The latest metal markets news and price moves to start the North American day on Thursday November 22. The majority of base metals prices on the London Metal Exchange were rangebound during morning trading while overall volumes remain light.Holding gains made at Wednesday's close, the three-month lead price remained above $2,000 per tonne amid continued outflows in LME stock - which remain at nine...Read More

Chinese cobalt sulfate price continues to tumble; producers stop offering to avoid losses

November 23, 2018 / Staff reporter

The price of cobalt sulfate in China continued to fall this week amid slow trades and aggressive buyer bidding. At the same time, a number of producers told Fastmarkets that they have stopped offering material into the market because prices are below levels at which they can make a profit. Fastmarkets assessed the price of cobalt sulfate (Co 20.5% min) in China on an ex-works basis at 74,000-78,00...Read More

Gerdau to invest $140 mln on increasing Brazil's special steel capacity

November 23, 2018 / Staff reporter

Brazilian steelmaker Gerdau plans to invest $210 million in its special steels division to increase production and benefit from future demand from the automotive industry and the oil and gas sector, the company said on Thursday November 22.Gerdau's Pindamonhangaba plant, in Brazil's S??o Paulo state, will have $140 million of capital expenditure, while $70 million will go to its mill in Monroe, in...Read More

China's stainless steel prices maintain downtrend on high selling interest

November 23, 2018 / Staff reporter

China's domestic stainless steel prices kept decreasing over the past week with sellers putting in more effort to destock.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,800-15,500 yuan ($2,133-2,234) per tonne including VAT for the week ended Wednesday November 21, down 100-300 yuan per tonne from a week earlier.Market inventory le...Read More

East Asian stainless steel market still depressed amid lower offers, poor buying sentiment

November 23, 2018 / Staff reporter

Weak demand for stainless steel in East Asia continued to weigh on offers, and consequently import prices in the region over the past week.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,990-2,060 per tonne cif East Asia for the week ended Wednesday November 21, narrowing from $1,950-2,070 per tonne cif a week earlier.Fastmarkets MB's imp...Read More

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