An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...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
Spot interest in overseas blister copper remained low this month in China, with importers continuing to show a preference for top-grade copper scrap while the outright price of the metal remained high. Fastmarkets assessed the blister copper 98-99% RC spot, cif China at $220-240 per tonne for May, up from $185-200 per tonne a month earlier and at its highest since April 2018.Trading remained limit...Read More
Global steel scrap prices dropped in the week to Friday May 28 on poor sentiment resulting from a weaker Chinese market and a softening of the Turkish market.Turkey reports latest trades at lower pricesUS East Coast sees trades to TurkeyVietnamese market affected by weaker Chinese sentimentChinese prices remain down despite improving futuresTaiwan prices lower on soft buying interestIndian buyers...Read More
Nickel's price was up by more than 5% on the London Metal Exchange and tin's was up by 4.3% since the start of the week, with bullish momentum returning to the base-metals complex on Friday May 28 and all metal prices finishing higher than at the start of the week.Prices bounced back following a period of weakness and correction seen at the beginning of the week, after the Chinese government calle...Read More
An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Michael Greenfield in...Read More
Activity in the European hot-rolled coil market has been slow this week while buyers have preferred to hold back from new deals and proved reluctant to accept any further price increases.Buyers - already struggling to open credit lines due to the high prices of flat steel - chose to pause their purchases while monitoring China's coil market.Prices for coil in China have been decreasing over the pa...Read More
Prices for flat-rolled steel imports into South America mostly decreased in the week to Friday May 28 due to a significant absence of Chinese material in the market, with negotiations starting to shift to August shipment, overall lower offers, and a cautious stance among customers.This was the first time since February 5 this year that the majority of import prices on the continent fell on a weekl...Read More
The European Commission (EC) has imposed provisional anti-dumping duties at rates of 13.40-34.60% on imports of stainless steel cold-rolled flat products originating in India and Indonesia, it has announced.This decision was published in the Official Journal of the EU on Thursday May 27.In April 2021, the EC notified interested parties about its intent to impose provisional measures on such produc...Read More
Sentiment in the market for pig iron from the Commonwealth of Independent States soured during the week to Thursday May 27 due to the threat of weaker steel prices.Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $630-635 per tonne on Thursday, down from $635-655 per tonne on May 20.Two sales of CIS-origin pig iron were completed to...Read More
Brazilian steel slab export prices fell slightly week on week on Friday May 28 amid a pause in negotiations for shipments to the United States and lower indications for other regions.Fastmarkets assessed the price for steel slab export, fob main port Brazil at $970-990 per tonne on Friday, widening downward from $980-990 per tonne on May 21.With July-shipment deals to the US done in the previous w...Read More
Canadian steelmaker Stelco has agreed with a German battery recycling specialist, Primobius, to work toward creating a lithium-ion battery recycling venture, initially hoped to recycle 20,000 tonnes per year of batteries.The pair "would actively plan for an expanded capacity operation," under a memorandum of understanding (MoU) announced on Thursday May 27 by Primobius's Australian co-owner, Neome...Read More
Prices for shredded steel scrap imported into India and Pakistan moved down after there was further weakening on the Turkish scrap market and in Chinese futures, Fastmarkets heard on Friday May 28.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $495.42 per tonne on May 28, down from $510.93 per tonne on May 25 and from $517.88 per tonne on May 21.Indian buyers showed...Read More
Prices for inter-merchant light iron scrap in the UK were steady over the week ended Friday May 28, consolidating firm gains from the previous week that hit a nine-year peak, with increases possible in talks due next week between suppliers and steel mills, trade sources have told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK,...Read More
Global steel scrap prices dropped in the week to Friday May 28 on poor sentiment resulting from a weaker Chinese market and a softening of the Turkish market.Turkey reports latest trades at lower pricesUS East Coast sees trades to TurkeyVietnamese market affected by weaker Chinese sentimentChinese prices remain down despite improving futuresTaiwan prices lower on soft buying interestIndian buyers...Read More
Key data from Fastmarkets' pricing sessions in Europe, the United States and China on Friday May 28.China The China ferro-silicon price narrowed downward slightly following a correction of the previous price rally, but the general sentiment remained positive amid Ningxia's production cuts related to the dual control of energy consumption, with suppliers' offers broadly holding firm. The China ferr...Read More
China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco) and Baosteel Group, have lowered their ferro-chrome tender prices for June delivery by 50 yuan ($7.84) per tonne compared with the previous month.The latest high-carbon ferro-chrome tender prices released by Tisco and Baosteel on Friday May 28 were 7,250 yuan and 7,445 yuan per tonne respectively, slightly down from the 7,300...Read More
Export pig iron prices from Brazil bucked an increasingly pessimistic trend in the global market and remained strong during the week to Friday May 28, mainly due to long lead times.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620 per tonne on Friday compared with $610-620 per tonne fob one week earlier.The latest sales from...Read More
The markets for the lithium complex in Asia were mostly steady over the week ended Thursday May 27, except for the domestic Chinese market for lithium carbonate, which was under pressure due to rising supply and weaker demand.Lithium carbonate prices in China soften on increasing supply and weakening demandSeaborne Asian lithium complex steady amid persistent tight supplyEurope, US spot lithium co...Read More
Prices for flat-rolled steel imports into South America mostly decreased in the week to Friday May 28 due to a significant absence of Chinese material in the market, with negotiations starting to shift to August shipment, overall lower offers, and a cautious stance among customers.This was the first time since February 5 this year that the majority of import prices on the continent fell on a weekl...Read More