Base metal stocks Articles

DAILY STEEL SCRAP: Mills end week in silence

June 19, 2021 / Staff reporter

Turkish steel mills ended the working week in silence on Friday June 18, having not booked any deep-sea scrap cargoes since Tuesday.Just two cargoes were heard booked during this week, leading to a decline in the indices. The two United States cargoes were heard on Tuesday. A mill in the Marmara region bought the two US cargoes...Read More

VIETNAM STEEL SCRAP: Prices increase despite weak demand [CORRECTED]

June 19, 2021 / Staff reporter

Import prices in Vietnam rose during the week to Friday June 18 despite weak demand from end users, sources told Fastmarkets. Higher offers forJapanese bulk cargoes after the recent Kanto Tetsugen auction supported higherimport prices, sources said. A transaction for a bulk Japanese H2 was concludedat $500 per tonne cfr Vietnam in the week to June 18, against offersat $500-510 per t...Read More

IRON ORE DAILY: Prices down on news of monitoring, new restrictions

June 19, 2021 / Staff reporter

Iron ore prices went down slightly on Friday June 18 on news of state monitoring of the commodities markets, new operational restrictions in Tangshan and market rumors about capacity reductions.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $218.90 per tonne, down by $1.92 per tonne62% Fe low-alumina fines, cfr Qingdao: $220.24 per tonne, down by $1.77 per tonne58% Fe fines high-grade prem...Read More

CHINA REBAR: Futures contract loses early-hour gains on mixed market sentiment [CORRECTED]

June 19, 2021 / Staff reporter

The October rebar futures contract at the Shanghai Futures Exchange rose in the morning and dropped in the afternoon of Friday June 18 due to conflicting trends in the rebar market.Domestic Eastern China (Shanghai): 4,970-5,000 yuan ($771-776) per tonne, up by 50-60 yuan per tonne.  Northern China (Beijing): 4,930-4,970 yuan per tonne, down by 140-150 yuan per tonne The National Developmen...Read More

COKING COAL DAILY: Firm demand and tight supply continue to support fob market

June 19, 2021 / Staff reporter

Seaborne coking coal prices inched up in the cfr market on Friday June 18 amid supply tightness for both domestic and imported cargoes, while the fob market surged on tight supply. Prices for seaborne pulverized coal injection (PCI) remained largely stable in the cfr market in the week to June 18 amid firm offer levels and limited buying activities from end-users for Russian PCI. The fob market in...Read More

CHINA HRC: Export prices fall amid poor trading

June 19, 2021 / Staff reporter

A correction has been issued for this article. The...Read More

US set to apply 12.27% duty on Malaysian Si, as price pushes to 10-year high

June 19, 2021 / Staff reporter

The United States Commerce Department has made a final determination to apply anti-dumping duty at 12.27% on silicon metal imports from Malaysia, a much-anticipated decision in a case that has helped to push the price of silicon in the US toward a 10-year high.The rate, announced on Thursday June 17, falls far short of the 50%-plus duty that domestic US producers recently told Fastmarkets they wer...Read More

AEROSPACE MATERIALS MARKET REPORT 18/06: Magnesium prices rise on China coal shortage, logistics disruptions

June 19, 2021 / Staff reporter

An overview of the aerospace materials markets and the latest price moves.Cristina Belda in London; Jessica...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 18/06: Molybdenum rally pauses; more offers appear on profit-taking

June 19, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Fleur Ritzema, Davide Ghilloti...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

June 19, 2021 / Staff reporter

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

June 19, 2021 / Staff reporter

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam,...Read More

COBALT FUTURES SNAPSHOT: First trade concluded for 2023, open interest grows

June 19, 2021 / Staff reporter

The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJune 2, 2021: 120 tonnes (10 tonnes each month from January to December 2022, all at $21.45 per lb)June 17, 2021: 240 tonnes (10 tonnes each month from January to December 2022, all at $22.95 per lb; 10...Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

June 19, 2021 / Staff reporter

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More

TAIWAN STEEL SCRAP: Prices rebound on improving sentiment, costlier bulk cargoes

June 19, 2021 / Staff reporter

Prices in the Taiwanese containerized ferrous scrap import market rebounded this week amid improving sentiment and competition for material in the bulk market, sources told Fastmarkets.Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20), United States material import, cfr main port Taiwan was $450 per tonne on Friday June 18, narrowing upward by $1 pe...Read More

CHINA STEEL SCRAP: First European cargo of heavy scrap clears customs at Jingtang

June 19, 2021 / Staff reporter

The first shipment of Europe-origin HRS101-grade steel scrap has cleared customs at the Port of Jingtang on Friday June 18, sources told Fastmarkets.The containerized cargo, comprising 1,000 tonnes of plate and structural scrap (P&S), was sold by United Kingdom commodity brokerage Atlas Commodities to China's Zhejiang Metals & Materials Co in March.It is believed to be the first Europe-origin scra...Read More

GLOBAL LITHIUM WRAP: Hydroxide prices post gains on supply constraints

June 19, 2021 / Staff reporter

The global lithium hydroxide complex extended its firm tone over the week ended Thursday June 17 against a backdrop of persistent supply constraints and optimism for growing demand.Battery-grade lithium hydroxide prices in both the domestic Chinese and seaborne Asian markets rallied because consumers are still finding it difficult to secure adequate feedstock. Battery-grade lithium carbonate suppl...Read More

FOCUS: Global shredded scrap shortage affecting key export markets

June 19, 2021 / Staff reporter

A shortage of shredded scrap is squeezing major supplier markets and pushing up the prices of key grades in the world's export markets, sources told Fastmarkets this week.Lower inflows to scrapyards and stronger demand for key grades in the major supplier nations have made it much harder for overseas consumers to secure shredded scrap over the past month.The lack of available shredded scrap, combi...Read More

IN CASE YOU MISSED IT: 5 key stories from June 17

June 18, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday June 17 that are worth another look.Vale is testing the use of unmanned trains at its Mariana iron ore complex to transport ore to the Timbopeba plant in a bid to reverse a recent state-ordered stoppage, it said on...Read More

BASE METALS WARRANTS REPORT 16/06

June 18, 2021 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 16.Please click...Read More

LIVE FUTURES REPORT 17/06: zinc down 3.7%, high US dollar drags down LME complex

June 18, 2021 / Staff reporter

The whole London Metal Exchange complex fell on Thursday June 17 due to a high US dollar, with zinc and lead the hardest hit.The US Dollar Index touched 91.93 on Thursday, its highest level since April 13. This followed a more hawkish view expressed by the US Federal Reserve regarding inflation and interest rates, delivered on June 17.The three-month price of zinc fell the furthest, to $2,911.50 p...Read More