Indian domestic prices for secondary steel billet rose by about $13 per tonne during the week to Friday July 23 on stronger demand for finished products, particularly rebar, sources said.Fastmarkets assessed steel billet domestic, ex-works India at 42,200-42,400 rupees ($567-570) per tonne on Friday, up by 1,000 rupees from 41,200-41,400 rupees per tonne last week. "The billet price recovery is in...Read More
Lithium prices in China mostly rose over the week ending Thursday July 22 due to restocking drives among consumers, sources told Fastmarkets.Lithium prices in Chinese domestic market rise amid consumer restocking activity.Seaborne Asian lithium market remains steady amid persistently tight supply.European and US prices remain largely stable, with technical-grade lithium hydroxide narrowing upward...Read More
London Metal Exchange tin prices traded at fresh all-time highs of $34,700 per tonne on Friday July 23, with base metals starting the day in an uptrend despite mixed data from Europe's manufacturing industry.The metal had continued to make gains after Thursday's 5pm close of $34,195 per tonne, and experienced small clips of buying beyond algorithmic trades during morning trading before the market...Read More
The inter-merchant light iron scrap market in the United Kingdom was steady in the week to Friday July 23, consolidating small gains from the previous week amid strong domestic fundamentals, despite quiet export sales to key destinations such as Turkey and the Indian subcontinent, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More
Global scrap prices remained broadly stable over the week to Friday July 23; trading remains subdued due to public holidays and a resurgence of Covid-19.Turkish mills remain silent on public holidayUnited States export market apprehensive of downward correctionChinese prices improve on rising demandVietnam market flat on lack of interestTaiwanese scrap prices impacted by Covid-19 related lockdownI...Read More
China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.Fastmarkets' weekly price assessment for alumina metallurgical grade, exw China was 2,425-2,560 yuan ($375-397) per tonne on Thursday July 22, widening upward by 60 yuan per tonne from 2,425-2,500 yuan per tonne one week earlier, after offe...Read More
The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.Henan, one of China's most populous provinces, is a major production hub for base metals including lead, zinc, copper and nickel. Some regions of the province, inclu...Read More
Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More
Trading activity in the hot-rolled coil markets across Europe was still limited on Friday July 23, with prices broadly stable despite gaining strength from short supply, Fastmarkets has heard.Firm offers were still scarce in the Northern European HRC market, sources said.Mills in the region had good order books and could only offer fourth-quarter production HRC, with some of them claiming to be so...Read More
Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close on Friday July 23, with nickel up 2.3%.Nickel traded in a wide range between $18,830 and $19,410 per tonne on Friday. The three-month contract closed at $19,372 per tonne, up from $18,922 per tonne on Thursday. Traded volumes were relatively low however, with just over 6,700 lots traded by the 5pm close."This has been...Read More
Key data from Fastmarkets' pricing sessions in the United States, China and Europe for the week ended Friday July 23.China The in-warehouse China ferro-silicon price went up following the news that a major producer in Inner Mongolia will issue a production cut due to the electricity controls in summer; in addition, Ningxia will start a series of electricity controls to limit production. Spot avail...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.Henan, one of China's most populous provinces, is a major production hub for base metals including lead, zinc, copper and nickel. Some regions of the province, inclu...Read More
Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Import prices for flat steel in South American markets edged up for most grades due to higher offers from Chinese producers, while some participants reported a slowdown in the market.Offers of hot-rolled coil and cold-rolled coil rose at least by $20-30 per tonne on lower material availability, sources said.Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South Americ...Read More
China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.Fastmarkets' weekly price assessment for alumina metallurgical grade, exw China was 2,425-2,560 yuan ($375-397) per tonne on Thursday July 22, widening upward by 60 yuan per tonne from 2,425-2,500 yuan per tonne one week earlier, after offe...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies and...Read More