Base metal stocks Articles

IN CASE YOU MISSED IT: 5 key stories from July 6

July 07, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.A deadly border clash which began in the cold and windy highlands of Ladakh, in northeastern Kashmir, has spilled over into steel trading between China and India.China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facili...Read More

KCM says portion of Nchanga open-pit copper mine set to collapse

July 07, 2020 / Staff reporter

Konkola Copper Mines (KCM) has predicted an impending collapse of a portion of its Nchanga open-pit copper mine in Zambia after a series of geotechnical assessments found some slope instability.Preliminary indications have shown that the slough, or caving in of ground, will be confined to a stretch of around 350 meters, the Zambian copper producer said, putting the estimated area and volume of the...Read More

Narrow smelter margins, cautious buying put further pressure on manganese ore prices

July 07, 2020 / Staff reporter

Seaborne manganese ore prices continued to face pressure last week against a backdrop of falling portside ore prices, weak alloy futures contracts, and lower-than-expected tender price for July-delivery silico-manganese from Hebei Steel, China's second largest steel mill. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin tumbled to $4.21 per dry metric tonne unit (dmtu) on July 3, down by...Read More

PRICING NOTICE: Proposal to increase pricing frequency of cobalt hydroxide index cif China

July 07, 2020 / Staff reporter

Fastmarkets is proposing to increase the pricing frequency of its cobalt hydroxide index, 30% Co min, cif China to fortnightly from monthly at present. The cobalt hydroxide index 30% Co min, cif China is currently published on the last working day of each month. It was launched in February 2019, alongside Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, to provide trans...Read More

DAILY STEEL SCRAP REPORT: Turkish mills book cargoes from UK, Baltic Sea; prices slip back

July 07, 2020 / Staff reporter

Turkish steel producers continued their deep-sea scrap purchases for late July and August shipments, although prices slipped back after spiking on Friday, sources told Fastmarkets on Monday July 6.A steel mill in the Iskenderun region booked a UK cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $253 per tonne and 1,000 tonnes of shredded at $258 per tonne cfr late on Friday July 3. ...Read More

MORNING VIEW: Base metals prices firmer amid strength in broader markets in Asia

July 07, 2020 / Staff reporter

Asian equities markets were stronger this morning, Monday July 6, and that has helped drive gains averaging 0.8% across the three-month bases metals prices on London Metal Exchange.But the strength in markets is happening despite many headwinds with the out-of-control spread of Covid-19 in the United States and other parts of South America and while US-China relations are deteriorating.Germany's I...Read More

PRICING NOTICE: Proposal to increase pricing frequency of cobalt hydroxide index cif China

July 07, 2020 / Staff reporter

Fastmarkets is proposing to increase the pricing frequency of its cobalt hydroxide index, 30% Co min, cif China to fortnightly from monthly at present. The cobalt hydroxide index 30% Co min, cif China is currently published on the last working day of each month. It was launched in February 2019, alongside Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, to provide trans...Read More

Trade log July 2020: Cobalt sulfate

July 07, 2020 / Staff reporter

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneThe exchange rate on Friday...Read More

IN CASE YOU MISSED IT: 5 key stories from July 6

July 07, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.A deadly border clash which began in the cold and windy highlands of Ladakh, in northeastern Kashmir, has spilled over into steel trading between China and India.China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facili...Read More

CIS FLAT STEEL: Market dull with Turkish traders fully stocked

July 07, 2020 / Staff reporter

The export market for flat steel products from the Commonwealth of Independent States was quiet during the week ended Monday July 6, on low trading activity.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $400-415 per tonne on Monday, unchanged week on week.Both suppliers and buyers were inactive during the week, sources said."Everyone [in Turkey] se...Read More

EUROPE HRC: Northern European prices up but mills seek further rises

July 07, 2020 / Staff reporter

Domestic transaction prices for hot-rolled coil in Northern Europe inched upward day on day on Monday July 6 with steelmakers insisting on further price rises, sources have told Fastmarkets."The mills are stubborn when it comes to price negotiations [and are] targeting higher prices. And the prices have been slowly moving up," a Northern European distributor said.Fastmarkets' daily steel hot-rolle...Read More

IN CASE YOU MISSED IT: 5 key stories from July 6

July 07, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.A deadly border clash which began in the cold and windy highlands of Ladakh, in northeastern Kashmir, has spilled over into steel trading between China and India.China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facili...Read More

RUSSIA REBAR: Prices supported by improved demand

July 07, 2020 / Staff reporter

Domestic steel rebar prices in Russia's Central Federal District around Moscow were broadly stable in the week to Monday July 6, supported by good demand, sources told Fastmarkets on Monday July 6.Demand for rebar in the region was good over the assessment week, but still slower than last July, sources said."Volumes are healthy, construction is performing well, but we are still below the levels of...Read More

WEBINAR: Infrastructural steel, ferro-alloys have 'great prospects' in H2

July 07, 2020 / Staff reporter

China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facilitate "a great prospective" for the consumption of steel and ferro-alloys used in infrastructure, delegates heard at Fastmarkets' "Covid-19 and Asian ferro-alloys market" webinar on Tuesday June 30. In a poll at the end of the second session of the webinar, 65% of...Read More

DAILY STEEL SCRAP REPORT: Turkish mills book cargoes from UK, Baltic Sea; prices slip back

July 07, 2020 / Staff reporter

Turkish steel producers continued their deep-sea scrap purchases for late July and August shipments, although prices slipped back after spiking on Friday, sources told Fastmarkets on Monday July 6.A steel mill in the Iskenderun region booked a UK cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $253 per tonne and 1,000 tonnes of shredded at $258 per tonne cfr late on Friday July 3. ...Read More

RESEARCH: Key takeaways from the latest Steel Scrap, Metallics Market Tracker

July 07, 2020 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.Judging by a recent webinar we conducted on Asian ferroalloys last week, many market participants believe the steel and steelmaking raw materials' world - outside of China - will record an 'L' shaped recovery, effectively failing to recover. With crude steel production outside of China falling close to a third in April and o...Read More

IRON ORE DAILY: Seaborne prices rise on active trading

July 07, 2020 / Staff reporter

Iron ore prices rose again on Monday July 6 amid active trading in the seaborne and futures markets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $101.24 per tonne, up $0.59 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $103.99 per tonne, up $0.99 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $89.81 per tonne, up $0.26 per tonne. 65% Fe Brazil-ori...Read More

IN CASE YOU MISSED IT: 5 key stories from July 6

July 07, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.A deadly border clash which began in the cold and windy highlands of Ladakh, in northeastern Kashmir, has spilled over into steel trading between China and India.China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facili...Read More

Brazilian car output down 58% in June on slow reopening, Anfavea says

July 07, 2020 / Staff reporter

Brazilian vehicle manufacturers' association Anfavea recorded a 57.5% year-on-year decrease in production during June 2020, with plants still reopening from temporary idle periods while they readjusted to the fall in demand due to the Covid-19 pandemic, it said on Monday July 6.Output totaled 98,708 units in June, down from 233,150 units a year before. But it was up by 129% from 43,080 units produ...Read More

WEBINAR: Infrastructural steel, ferro-alloys have 'great prospects' in H2

July 07, 2020 / Staff reporter

China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facilitate "a great prospective" for the consumption of steel and ferro-alloys used in infrastructure, delegates heard at Fastmarkets' "Covid-19 and Asian ferro-alloys market" webinar on Tuesday June 30. In a poll at the end of the second session of the webinar, 65% of...Read More