An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday August 20.ChinaGeneral sentiment on the ferro-silicon price in China was stable while Ningxia, a small autonomous region in north-central China, continues to tighten controls on ferro-silicon production and suppliers' offers were broadly steady. Export prices have not changed much over the past w...Read More
Seaborne coking coal prices maintained their upward trend in the cfr China market following a strong domestic coking coal market and prices inched higher in the fob market on Friday August 20 amid necessary restocking demand.Prices for seaborne pulverized coal injection (PCI) increased in both the cfr China and fob Australia markets in the week to August 20 due to supply tightness in both markets,...Read More
Import pig iron prices in the United States fell during the week ended Friday August 20 due to bearish buyers and negative sentiment in the iron ore and ferrous scrap markets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $560-580 per tonne on Friday, down from $585-595 per tonne cfr a week before."The CIS still has unsold cargoes with August shipment,...Read More
Prices for shredded steel scrap into Pakistan and India continued to diverge on Friday August 20, with demand in India slowing down during the monsoon season, while there was active trading in Pakistan, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $ 539 per tonne on Friday, up from$532.37 per tonne.The Ashura p...Read More
Prices of imported scrap in Turkey continued to weaken amid limited finished steel trade in the week to August 20, while buyers in Asia resisted higher offers. Turkish steel mills book more scrap for September shipments at decreasing prices The United States scrap export market reports further price decrease with a fresh cargo sale to Turkey Buyers in Vietnam resist higher offers for bulk cargoes...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index is currently at its highest level since April 2019.Treatment charges of October cargoes were reportedly sold to smelters in the range of $58-62 per tonne this week, roughly equivalent to the 2021...Read More
The price of austenitic alloy steel scrap in Europe moved higher this week because of tight supply, despite nickel costs dropping off sharply through the week, Fastmarkets heard on Friday August 20.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids import, cif main European port was ?,?1,600-1,670 ($1,869-1,951) per tonne on Friday, up...Read More
Turkish steel mills continued to book deep-sea scrap cargoes with prices continuing to weaken at the end of the week to Friday August 20, market participants told Fastmarkets. A steel mill in the Iskenderun region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $450 per tonne and 3,000 tonnes of bonus and 7,000 tonnes of shredded at $470 per tonne cfr. ...Read More
The export market for pig iron from the Commonwealth of Independent States went down during the week to Thursday August 19 due to buyer pessimism and a fall in iron ore prices.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $525-540 per tonne on Thursday, down from $540-560 per tonne the previous week."Trade has been muted - buyers have been very...Read More
The light iron scrap market in the United Kingdom was stable over the week to Friday August 20 while scrap processors held their offer prices to ensure a steady flow of material into their yards, sources told Fastmarkets.UK export prices were also relatively stable despite quieter trade due to the seasonal slowdown, cementing support for domestic British prices. The export market accounts for more...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
Iron ore prices rebounded on Friday August 20 from losses the day before, although demand from Chinese mills showed no sign of picking up and market participants remained cautious.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $140.44 per tonne, up by $7.78 per tonne62% Fe low-alumina fines, cfr Qingdao: $141.15 per tonne, up by $7.85 per tonne58% Fe fines high-grade premium, cfr Qingdao:...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More
European ferro-titanium suppliers are set to push up their offer prices for the remaining months of 2021 with steel mills returning to the market after the summer slowdown, industry sources told Fastmarkets.Suppliers have reported deals done above $8 per kg basis ddp for ferro-titanium for delivery in the fourth quarter, as well as deals done approaching $8 per kg for prompt shipment in Europe.The...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 19 that are worth another look.Brazil's Vale and Luxembourg-based steel producer Ternium signed a memorandum of understanding (MoU) to seek low-carbon steelmaking solutions in an attempt to cut emissions, the Brazilian mining company said on...Read More
Tin was the most affected metal on Thursday's sell-off on the London Metal Exchange, while all metals fell further with risk-off sentiment spreading across commodities and exchanges while Covid-19 continues to dent demand expectations. Tin's three-month price fell 6.4% at the 5pm close to $33,118 per tonne, despite falling by as much as 11% during early trading to $31,500 per tonne on Thursday for...Read More
The premium on copper cathodes imported into China shot up on Thursday August 19 to its highest level since May 2020, buoyed by the opening of an arbitrage window between London and Shanghai.Fastmarkets assessed the benchmark copper grade A cathode premium, cif Shanghai, at $75-100 per tonne on Thursday, up by $10-20 per tonne from $65-80 per tonne on Wednesday, and the highest since late May last...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 19 that are worth another look.Brazil's Vale and Luxembourg-based steel producer Ternium signed a memorandum of understanding (MoU) to seek low-carbon steelmaking solutions in an attempt to cut emissions, the Brazilian mining company said on...Read More