Tightening prompt supply in Europe and continuing shipping delays pushed manganese flake prices to a nine-year high this week, with planned production cuts in China this month adding to the bullish sentiment.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam climbed by 4.9% to $3,000-3,150 per tonne on Wednesday March 31, up from the previous week's a...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 Rotterdam,...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.Fastmarkets assessed...Read More
European titanium scrap prices have increased by more than 5% over the week to Wednesday March 31 while the range for ferro-titanium is narrowing, applying a squeeze on margins for producers of the alloy, according to industry sources. Scrap markets for turnings are over $2 per lb cif Europe, with suppliers increasing their offer prices amid a persistent downturn in the aerospace sector; aircraft...Read More
China's domestic stainless steel prices narrowed up slightly in the week to Wednesday March 31 on strong demand and dropping inventories.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 15,300-16,100 yuan ($2,330-2,452) per tonneThe price narrowed upward by 100 yuan per tonne from the previous week.Solid demand for downstream products led to active purchasing of stainless st...Read More
Vietnamese buyers have increased their interest in Japanese steel scrap amid ongoing supply shortages, sources told Fastmarkets on Thursday April 1.Offers for Russian A3 scrap came in at $450 per tonne cfr Vietnam this week, while sources estimated that deep-sea cargoes of HMS 1&2 (80:20) from the United States or Australia would be on offer at about $455-460 per tonne cfr Vietnam.One major buyer...Read More
Japan's export steel scrap market presented a mixed picture in the week to Thursday April 1, with rising steel prices in Asia colliding with continued difficulties in sourcing vessels at key Japanese ports, sources said.Sales of 3sp steel billet from Indonesia hit $630 per tonne cfr China this week, driven by strong long steel demand in the Chinese market.Vietnamese mills were heard offering bille...Read More
(Corrects paragraph 5 to reflect that the DBS official is awoman, not a man) * DBS, BNP Paribas to lead a consortium of 9 banks * The HPAL project is expected to be the first in Indonesia * Deal includes term loan and working capital facility * Indonesia's progress in producing battery metals in focus HANOI, April 1 (Reuters) - Singapore bank DBS Group said on Thursday it has co-led a group of len...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 31 that are worth another look.Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 31.Please click...Read More
The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply. "March has been characterized by diminishing risk appetite across stock, financial and commodity markets," LME Desk analyst at Marex Spectro...Read More
Prices of all grades of ferro-chrome in Europe went up in the pricing session on Tuesday March 30 in response to limited supply, while demand has also risen in some sections of the market, Fastmarkets has heard.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, rose by $0.05 per lb Cr (3.70%) to $1.25-1.45 per lb Cr on Tuesday, fr...Read More
Ferro-chrome prices in China ticked down this week ahead of announcements of alloy tender prices for April-delivery from the country's major stainless steel mills. Fastmarkets' assessment of the ferro-chrome spot 6-8% C, basis 50% Cr, ddp China price widened downward by 100 yuan to 8,400-8,700 yuan ($1,280-1,326) per tonne on Tuesday March 30. Despite the drop, suppliers were reluctant to cut...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 31 that are worth another look.Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...Read More
Turkish deep-sea scrap import prices edged up further on Wednesday March 31 on news of a fresh US cargo, market participants told Fastmarkets.A steel mill in the Izmir region booked the cargo, comprising HMS 1&2 (80:20) at $430 per tonne, shredded at $435 per tonne and plate & structural (P&S) scrap at $440 per tonne cfr. However, the cargo breakdown was not immediately clear at the time of public...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 31. Key driversScrap markets for turnings are over $2 per lb cif Europe, with suppliers increasing their offer prices amid a persistent downturn in supply from the aerospace sector; aircraft manufacturing has nose-dived since the start of the Covid-19 pandemic when air travel slumped in line with international restrictions on...Read More
Blister copper refining charges (RCs) in China rose in March to their highest level since January 2019, with spot buying interest in the country decreasing.Fastmarkets' assessment of the copper blister 98-99% RC, spot, cif China, was $170-185 per tonne on Tuesday March 31, compared with $160-170 per tonne at the start of the month.A deal was reported by a...Read More
Base metals prices on the Shanghai Futures Exchange were weaker on Wednesday March 31, while they track the movement of three-month prices on the London Metal Exchange on Tuesday, but LME prices have found support this morning.Enthusiasm over economic recovery sent United States treasury 10-year yields higher on TuesdayChina's manufacturing purchasing managers' index (PMI) climbs more than expecte...Read More
The launch of the first responsible sourcing standard for artisanal cobalt mining in the Democratic Republic of Congo (DRC) has reopened the door for financing banks previously unwilling to invest in the sector, the head of corporate responsibility at Trafigura said. According to James Nicholson, the creation of Entreprise G?(C)n?(C)rale du Cobalt (EGC) and its newly launched standard allows artis...Read More