The CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment for the lithium hydroxide battery grade, spot price cif China, Japan & Korea, was traded for the first time on Monday May 3. A total five tonnes was traded at $14.25 per kg on Monday, the same...Read More
China's decision to remove its import tax on all steel billet last week means Fastmarkets will not proceed with any changes to limit data points to Asean-origin prices.Since the launch of the price on February 26 of this year, the market has been liquid, with Fastmarkets reporting a raft of deals for steel billet imported into China.Most of the imports this year have been from Association of South...Read More
The latest data for the global manganese ore market for the week ended May 3, 2021.Read More
Hot-rolled coil prices in the United States remained just shy of an all-time high reached on Friday April 30, falling below the $75-per-hundredweight ($1,500-per-short-ton) threshold on Monday May 3.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $74.82 per cwt ($1,496.40 per ton) on May 3, down by 0.81% from $75.43 per cwt on Friday but up by 2.96% from $72.67...Read More
Prices for domestic and imported merchant bar quality (MBQ) steel products in the United States rose in April amid strengthening demand.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was $47.80 per hundredweight ($956 per short ton) on Friday April 30, up by 4.37% from $45.80 per cwt on March 26 and by 7.90% from $44.30 per cwt in Februa...Read More
Turkey exported 465,646 tonnes of flat steel products in March 2021, up by 52.34% year on year from the 305,658 tonnes exported in March 2020, according to the Turkish Statistical Institute (TUIK).The country's total exports of flat steel products for the first three months of the year came to 1,085,001 tonnes, down by 8.45% from the 1,185,141 tonnes exported in January-March 2020, TUIK said....Read More
Turkey imported 781,869 tonnes of flat steel in March 2021, up by 67.35% from 467,201 tonnes in the corresponding month of 2020, according to the Turkish Statistical Institute (TUIK).The country's total flat steel imports in January-March 2021 jumped to 1,997,692 tonnes in the first three months of the year, an increase of 9.69% from the 1,821,147 tonnes imported in the corresponding period of 202...Read More
Brazil's iron ore exports increased by 7.49% in April versus the same month in 2020, according to data from the country's economy ministry published on Monday May 3, with Vale's operations beginning to ramp up production.Brazilian iron ore exports totaled 25.79 million tonnes in April compared with 23.99 million tonnes a year before, the economy ministry said.Vale, the world's largest iron ore pro...Read More
Seaborne iron ore prices were flat on Monday May 3 amid limited trading activity due to the Labor Day holiday in China from May 1-5. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $188.85 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne, unchanged 58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne, unchanged 65% Fe Brazil-origin fines, cfr Qingdao:...Read More
Limited trading activity in the seaborne coking coal market kept prices largely flat on Monday May 3.Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.13 per tonne, up $0.35 per tonnePremium hard coking coal, cfr Jingtang: $226.79 per tonne, unchangedHard coking coal, fob DBCT: $103.71 per...Read More
Seaborne iron ore pellet and concentrate prices rose further in the week ended Friday April 30, with healthy mill margins stimulating steelmakers' appetite for high-grade steelmaking raw materials.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $227.01 per tonne, up $7.88 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $262.04 per tonne, up $9.66 per tonne Key driversHigh prices f...Read More
The CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment for the lithium hydroxide battery grade, spot price cif China, Japan & Korea, was traded for the first time on Monday May 3. A total five tonnes was traded at $14.25 per kg on Monday, the same...Read More
With Chinese markets closed, volume traded on the London Metal Exchange has been light this morning, Tuesday May 4, with 2,368 lots traded as of 6.14am. But the base metals were holding up in high ground with gains averaging 0.7%, led by a 1.1% rise in copper to $9,916.50 per tonne.The US Dollar Index, recently at 91.16, was consolidating off last week’s low of 90.42.Base metalsThe rallies in...Read More
Solar ETF (TAN) moved below $80.80 extending an intermediate downtrend.Peloton (PTON), a NASDAQ 100 stock moved below $94.00 completing a Head & Shoulders pattern.Applied Materials (AMAT), a NASDAQ 100 stock moved below $128.31 completing a double top pattern.Pembina Pipelines (PPL), a TSX 60 stock moved above $38.33 extending an intermediate uptrend.Bausch Health (BHC), a TSX 60 stock moved b...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade. Trading volume on U.S. and Canadian exchanges is expected to be lower than average today. Other equity markets are closed for the May Day holiday including China, Japan, Thailand, United Kingdom and Russia.Clorox dropped $1.40 to $181.10 after Wells Fargo downgraded the stock from Overwe...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.Fastmarkets' price assessment for copper blister 98-99% ,RC spot, cif China, was $185-200 per tonne on Friday April 30, up from $170-185 per tonne a month ago. Few tonnages were sold and offered in the $180s...Read More