The export market for pig iron from the Commonwealth of Independent States dropped during the week to Thursday August 5 on oversupply and short lead times. Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $550-580 per tonne on Thursday, down from $570-590 per tonne the previous week.The market level in the United States, which is the main pig...Read More
German industrial group Thyssenkrupp has agreed the sale of its Infrastructure business to compatriot company FMC Beteiligungs KG, an entrepreneur-led investment firm, Thyssenkrupp said on Thursday August 5.The deal was expected to be closed later this year but will be subject to approval from merger control authorities as well as Thyssenkrupp's own supervisory board. The financial details of the...Read More
Battery-grade lithium prices in China's domestic market continued to edge upward in the week ended Thursday August 5, while other global markets were steady with participants focused closely on the aftereffects of Pilbara Minerals' inaugural spodumene concentrate auction that attracted higher-than-expected bids.Battery-grade lithium prices in China rise further with producers broadly sold out afte...Read More
Deliverable stocks of base metals diverged in the week to Friday August 6, with zinc leading the growth and tin topping the decline.Zinc inventories totaled 39,982 tonnes in the week to August 6, up by 3,758 tonnes (10.4%) from the previous week. R&S Logistics warehouse in Shanghai reported the largest inflow, with volumes rising by 1,490 tonnes (68.3%) week on week to 3,671 tonnes, according to t...Read More
Turkey's domestic transaction prices for hot-dipped galvanized and pre-painted galvanized coil prices were mostly stable in the week ended Friday August 6 due to limited trading, sources told Fastmarkets.Domestic buyers have mainly been holding back from acquiring substantial material volumes, waiting for the trend to settle.Fastmarkets' assessment for steel HDG coil domestic, exw T...Read More
Fastmarkets has identified a necessary clarification to the nickel sulfate specification with regard to delivery time.The delivery time for Fastmarkets' nickel sulfate ex-works China price assessment is seven days, which was not reflected in the specifications when the price was launched in July 2018.Fastmarkets confirms that the specifications read as follows, with the clarification in italics:MB...Read More
Brazilian slab export prices were stable in the week ended Friday August 6, with few deals booked.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was unchanged at $920-930 per tonne on Friday, though prices are down from $975-985 per tonne on July 23.Brazilian slab export prices have been affected by a similar drop...Read More
Seaborne coking coal prices maintained their upward trend in both the cfr and fob markets on Friday August 6, with good buying interest in the latter.Prices for seaborne pulverized coal injection (PCI) material inched upward in both the cfr and fob markets in the week to August 6, amid continuous supply tightness and necessary restocking demand, market sources said.Fastmarkets indicesPremium hard...Read More
Key data from Fastmarkets' pricing sessions in Europe, Asia and the United States for the week ending Friday August 6.ChinaThe seaborne low-grade manganese ore price edged lower after suppliers cut offers on September cargoes amid rising port inventories and weakness in the domestic portside market.The seaborne high-grade manganese ore price ticked up with higher offer prices in the spot market, t...Read More
Iron ore prices increased slightly on Friday August 6 after a slump on Thursday, although overall sentiment remains bearish, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.51 per tonne, up $0.96 per tonne62% Fe low-alumina fines, cfr Qingdao: $173.53 per tonne, up $0.77 per tonne58% Fe fines high-grade premium, cfr Qingdao: $139.23 per tonne, up $2.95 per ton...Read More
(Updates prices, recasts) Aug 6 (Reuters) - Copper prices fell on Friday as solid U.S.jobs data pushed the dollar sharply higher, making metals moreexpensive for buyers with other currencies.Copper had been trading higher after news that a union atthe world's biggest copper mine, Chile's Escondida, told workersto prepare for a strike that would reduce supply.But by 1605 GMT, benchmark copper on th...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
Brazilian aluminium association Abal has appointed a woman as executive president for the first time, with Janaina Donas taking over the role previously held by Milton Rego after a seven-month recruitment process, the group said on Thursday August 5.Donas most recently acted as an external relations and new business director for Latin America in Peru and the United States for US-based gold-copper-...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
Brazilian imports of primary unalloyed aluminium rose by 142% year on year in July, putting a newly approved duty-free quota extension under pressure, according to data published by the ministry economy on Wednesday August 4.The country imported 37,181 tonnes of primary aluminium in July, up significantly from 15,376 tonnes a year before.During the January-July period, imports totaled 26...Read More
There was a strong rise in the European market for low-carbon ferro-chrome in the week ended Tuesday August 3, in response to tight supply and the imposition of export taxes in Russia and China.Fastmarkets' price assessment for ferro-chrome, 0.10% C, average 65-70% Cr, delivered Europe, was $2.17-2.51 per lb Cr on August 3, a rise of 2.4% from $2.10-2.47 per lb Cr one week earlier."Offers prices a...Read More
Chinese exporters raised their offers for ammonium paratungstate (APT) this week amid concerns about higher replacement costs and currency fluctuations owing to shipment delays.Fastmarkets' weekly price assessment for tungsten APT 88.5%WO3 min, fob main ports China was $302-308 per metric tonne unit (mtu) on Wednesday August 4, up by $5-7 per mtu (2%) from $295-303 per mtu on July 28. Deals were r...Read More
Bangladeshi steelmakers have showed only limited interest in buying imports of steel scrap over the last week amid a continuing strict lockdown in the country, sources said on Thursday August 5.The country's strict Covid-19 lockdown was extended until Tuesday August 10, government officials announced on August 3. A feature of this latest lockdown is that most heavy industry such as steel productio...Read More
Turkish steel producers took a break from purchasing deep-sea scrap on Thursday August 5 after booking at least five cargoes earlier this week, market sources told Fastmarkets.The most recent deal was recorded on Wednesday August 4, when a steel mill in the Izmir region booked a US cargo comprising 15,000 tonnes of HMS 1&2 (80:20) at $464 per tonne, and 14,000 tonnes of shredded and 2,000 tonnes o...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More