Most base metal stocks in Shanghai Futures Exchange (SHFE) warehouses declined this week, with nickel falling the most in percentage terms and zinc increasing the most at 10%, according to the stocks report on Friday August 20.Nickel inventories stood at 5,344 tonnes on August 20, a decrease of 1,071 tonnes from 6,415 tonnes one week earlier.The inflows mainly came into warehouses operated by SIPG...Read More
Nickel and copper were up by 1% and above in the LME morning session on Friday August 20, with most base metals bouncing back from Thursday when all prices declined. A higher US Dollar Index - which touched a new year-to-date peak of 93.65 on Friday morning - and renewed concerns about demand due to the ongoing spread of the Covid-19 Delta variant were key factors behind Thursday's price falls.&nb...Read More
Coated steel coil prices decreased in Turkey during the week to Friday August 20 because of low levels of demand, sources have told Fastmarkets.Buyers wanted to see which direction global prices would move before placing orders, they said.Many export market participants were on holiday, so demand for exports was low during the week.Domestic pricesFastmarkets' weekly price assessment for steel hot-...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
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
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Ruby Liu and Carrie...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
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
Prices for cold-rolled and galvanized steel sheet in the United States strengthened after more domestic mills notified customers that maintenance outages will reduce output in the coming months. Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US climbed to $107.50 per hundredweight ($2,150 per short ton) on Thursday August 19 from $107 per cwt on Thursday August 12. The a...Read More
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
Many Chinese alumina buyers are currently steering clear of purchasing seaborne alumina due to persistent congestion at several Chinese ports, sources told Fastmarkets on Thursday August 19.Fastmarkets' benchmark alumina index, fob Australia stood at $301.61 per tonne on August 19, little changed from the Wednesday's calculation. The index has been at around $300 per tonne since July 23 due to a l...Read More
The steel rebar market in Poland remained quiet in the week to Friday amid the usual summer slowdown but the outlook for September among market participants is quite upbeat amid good end-user demand and robust order books at mills.Steel reinforcing bar (rebar), domestic, exw Poland was 4,050-4,100 zloty ($1,033-1,046) per tonne on Friday August 20, narrowing from 4,000-4,150 zloty per tonne in the...Read More
Slab export prices from Brazil remained unchanged during the week ended Friday August 20, as raw materials' costs decreased while flat steel prices remained strong.Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $900-920 per tonne on Friday, unchanged from the previous week.Offers from Brazil remained above $900 per tonne fob, while buyers continued to look for...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
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
Russian steelmaker Metalloinvest and another, unnamed, non-European steel company, are in discussions about acquiring Hungarian flat steel producer Dunaferr, market sources told Fastmarkets this week.The Hungarian steelmaker's owners have been in negotiations with both parties and a decision is imminent, sources said, because Dunaferr is about to go through the liquidation process. Metalloinv...Read More
Seaborne coking coal prices inched higher in the cfr China market amid positive market sentiment, while fob Austrialia prices remained largely unchanged, sources told Fastmarkets on Thursday August 19.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $366.41 per tonne, up $0.93 per tonneHard coking coal, cfr Jingtang: $323.83 per tonne, up $1.16 per tonnePremium hard coking coal, fob DBCT...Read More
Commodity trading company Traxys has expanded its metal concentrates business with the appointment of a team that previously handled tin, tungsten, tantalum and niobium concentrates trading for commodity trading Noble Group.Theteam will be headed by Ioannis Kallinikos, previously head of industrial minerals and metals at Noble Group for more than six years. From 2010 to 2014, he was general manage...Read More
Russian steelmaker Metalloinvest and another, unnamed, non-European steel company, are in discussions about acquiring Hungarian flat steel producer Dunaferr, market sources told Fastmarkets this week.The Hungarian steelmaker's owners have been in negotiations with both parties and a decision is imminent, sources said, because Dunaferr is about to go through the liquidation process. Metalloinv...Read More
The provincial government of Liaoning in northeastern China has approved a merger between Anshan Iron & Steel (Angang) and Benxi Iron & Steel (Bengang), according to a notice released by the latter's listed arm, Bengang Plate, on Thursday August 19.The owner of Bengang - Liaoning's State-owned Assets Supervision & Administration Commission - will transfer a 51% controlling stake in the steelmaker...Read More