Turkish steel producers returned to the deep-sea scrap import market at the start of the week, booking cargoes from a range of locations at lower prices, market participants told Fastmarkets on Monday April 19.At the end of the last week, a steel mill in the Izmir region booked a European cargo at $417 per tonne cfr for HMS 1&2 (80:20).And a steel mill in the Iskenderun region booked a Venezuelan...Read More
Turkish domestic auto bundle scrap prices have inched downward over the past week thanks to the recent recovery in the value of the country's currency, while ship scrap prices remained fairly stable, market participants told Fastmarkets on Monday April 19.Domestic prices for long steel products and, therefore, auto bundle scrap in Turkey typically decrease in line with a stronger Turkish lira beca...Read More
Seaborne premium hard coking coal prices edged up slightly on Monday April 19.In the cfr market, imported coking coal prices were supported by positive market sentiment due to expectations of short supplies and rising domestic coking coal and metallurgical coke prices, while buying interest has started to revive after falling offer prices in the fob market, sources told Fastmarkets.Fastmarkets ind...Read More
Iron ore prices in the seaborne market surged on Monday April 19, supported by active trading at Chinese ports and demand from steel mills ahead of the Labor Day holiday. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $181.80 per tonne, up $3.37 per tonne 62% Fe low-alumina fines, cfr Qingdao: $182.55 per tonne, up $3.99 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $157.49 per...Read More
Seaborne iron ore pellet and concentrate prices increased in the week to Friday April 16, amid growing demand driven by the ongoing emissions restrictions in the Chinese steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $206.96 per tonne, up $6.90 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $231.12 per tonne, up $2.14 per ton...Read More
Base metals prices were mixed on both the London Metal Exchange and the Shanghai Futures Exchange this morning, Monday April 19, while broader markets were generally upbeat, save in India where a surge in Covid-19 infections is weighing on equities. Strength in gold, the yen and weaker bond yields could suggest a pick-up in haven demand......but there are few signs of nervousness in equity markets...Read More
British speciality chemicals firm Johnson Matthey (JM) has secured long-term supply agreements for both cobalt and lithium with major producers, while scaling up its battery materials business in Europe, it said on Monday April 19.JM also announced a strategic partnership with Finnish Minerals Group for the construction of a second cathode manufacturing plant in Finland.The nameplate capacity of t...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...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...Read More
Key data from the pricing session in Shanghai on Friday April 16.Key drivers China's domestic bismuth price continued to decline amid weak demand. Output cuts at some plants in Jiangxi and Hunan provinces due to ongoing environmental inspections failed to provide support to the market. Market...Read More
The European ferro-silicon market seems set to test the March 2018 price range of ?,?1,650-1,700 per tonne, with suppliers reporting several sales of standard-grade material for prompt delivery already done at ?,?1,620 per tonne.One regular trading company said it is not offering any such material below ?,?1,600 ($1,916) per tonne, although the bulk of sources suggest a range between ?,?1,500-1,60...Read More
Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday. The US Dollar Index continues to trend lower.Base metalsLME three-month base metals prices were up by an average of 0.7% this morning, once again led by a 1.2% rise in...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Base metals prices were mixed on both the London Metal Exchange and the Shanghai Futures Exchange this morning, Monday April 19, while broader markets were generally upbeat, save in India where a surge in Covid-19 infections is weighing on equities.* Strength in gold, the yen and weaker bond yields could suggest a pick-up in haven demand...* ...but there are few signs of nervousness in equity mark...Read More
Auto ETF (CARZ) moved above $59.61 to an all-time high extending an intermediate uptrend.Canadian National Railway (CNR), a TSX 60 stock moved above $148.27 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Monday April 19thU.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.The Canadian Dollar added $0.15 to...Read More