China's domestic hot-rolled coil prices fell sharply on Monday June 21, after iron ore futures led a tumble across the ferrous complex following Beijing's latest attempt to keep markets stable.DomesticEastern China (Shanghai): 5,360-5,430 yuan ($829-840) per tonne, down by 100-140 yuan per tonne.Ferrous futures losses accelerated in the afternoon trading session after market participants reacted t...Read More
World manganese ore production will increase by 7.60 million tonnes (13%) in 2021, reflecting a post-pandemic recovery in production and new mining projects mainly in Africa and Australia, according to Eva Yang, China representative at the International Manganese Institute (IMnI). Speaking at the International Ferro-alloys and Mineral Products Summit held by Ferroalloy.net on Friday June 18, Yang...Read More
Turkish steel producers started the week with no new bookings on Monday June 21 amid limited finished steel demand, especially in the export markets, sources told Fastmarkets.The most recent deals were heard on Tuesday June 15 when two United States cargoes were sold.A mill in the Marmara region bought those cargoes, which comprised heavy melting scrap 1&2 (80:20) at $500 and $501 per tonne, plus...Read More
Seaborne coking coal prices increased in the cfr market on Monday July 21 after more coal mines in China shut until July 1 or July 15, while the fob market stayed largely stable, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $177.28 per tonne, down $0.56 per tonnePremium hard coking coal, cfr Jingtang: $288.66 per tonne, up $3.62 per tonneHard coking coal, fob DBC...Read More
Iron ore prices fell across the board on Monday June 21 because limited demand for steel weakened sentiment for the steelmaking raw material, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $208.15 per tonne, down $10.75 per tonne 62% Fe low-alumina fines, cfr Qingdao: $210.00 per tonne, down $10.24 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $175.53 per tonne, do...Read More
Fastmarkets has corrected its PCI low-vol cfr Jingtang index, which was published incorrectly on Friday June 18 due to an error.Fastmarkets' weekly index of PCI low-vol cfr Jingtang (MB-COA-0007) on June 18 was published as $171.47 per dry metric tonne. The price should have been $171.34 per dry metric tonne.Fastmarkets' pricing database, MInD, has been updated to reflect this change.To provi...Read More
China's domestic rebar prices fell sharply on Monday June 21 amid weaker demand and declining iron ore futures.DomesticEastern China (Shanghai): 4,880-4,920 yuan ($754-761) per tonne, down 80-90 yuan per tonne Some construction projects in several major Chinese cities, including Beijing and Shanghai, have stopped work ahead of July 1 celebrations marking the 100th anniversary of the founding of th...Read More
Prices for seaborne iron ore pellets and concentrate increased again in the week ended Friday June 18 amid an uptrend in the high-grade fines segment.Fastmarkets iron ore indicesIron ore pellet premium over 65% Fe fines, cfr China: $62.40 per tonne, down $0.40 per tonne. 65% Fe blast furnace pellet, cfr Qingdao: $304.92 per tonne, up $7.23 per tonne.66% Fe concentrate, cfr Qingdao: $242.63 per ton...Read More
Singapore's DBS has commenced trading as a Category 4 member on the London Metal Exchange, the bank said on Monday June 21.It is the first bank in Asia to have a remote membership with the LME outside of London, it said."With the new membership, DBS' corporate clients in Singapore, China, India, Indonesia, Korea and Hong Kong will have access to a comprehensive suite of hedging and financial solut...Read More
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...Read More
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.Read More
Key data from the Friday June 18 pricing session in China.Key drivers Spot cobalt metal price moved up amid strengthening futures market and continuing increases in the international benchmark metal price. Buyers sent more inquiries, but buying activities remained thin.Cobalt tetroxide prices were mostly rangebound, but more producers have started...Read More
Key data from Fastmarkets' pricing session in China on Friday June 18.Key drivers Spot silicon supply remained quite tight even though furnaces in Yunnan province have started to operate. Production is...Read More
Aluminium scrap prices in Europe and the United Kingdom remain at multi-year highs due to the availability of scrap material continuing to be squeezed across the continent, sources told Fastmarkets.The market is now experiencing the long-term impact of Covid-related global manufacturing shutdowns and production suspensions due to the semiconductor chip shortage, according to sources.Market partici...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More