An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
The second- and third-largest tin producers in the world, PT Timah and the Malaysian Smelting Corporation (MSC), both reported strong financial results for the nine-month period to September 2021 on record-high tin prices. In the January-September period of 2021, the London Metal Exchange Tin Cash price averaged $30,039 per tonne, nearly doubling the average of $16,556 per tonne from the same peri...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Carbon steel plate prices in the United States were steady at an all-time high on Friday November 12, but market sentiment has grown increasingly mixed for the rest of the year.Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US held at $90 per hundredweight ($1,800 per short ton) on November 12, an all-time high and up sharply from $27.50 per cwt one ye...Read More
Prices for flat-rolled steel products imported into South America fell further in the week to Friday November 12 amid lower offers from China and weakening demand from clients on both coasts of the continent, market participants have said.January-shipment negotiations had not yet gained traction, with buyers holding back in anticipation of even cheaper offers and with traders concerned about booki...Read More
Nornickel has said no ship was late bringing nickel to the United States last week, refuting reports in the market that such a delay was the reason for US nickel premiums reaching new heights earlier this week.Some sources had said that a vessel delay had triggered short covering by customers who bought nickel briquette in a 41% higher range in the week to Tuesday, November 9. "All deliveries have...Read More
Domestic steel rebar prices in Poland held stable during the week to Friday November 12 amid slower buying activity, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland was unchanged week on week at 3,700-3,750 ($917-929) zloty per tonne on Friday.Trading activity was rather slow over the past seven days, partially due to a shorter working...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was steady for the second consecutive week as of Friday November 12, with tight supplies from lower scrap generation and competitive dockside trading supporting the British domestic market, trade sources said.The UK market has also garnered support from domestic monthly prices into British steelworks that settled ?20-25 ($27-33)...Read More
Spot copper concentrate processing charges dropped slightly during the week ended Friday November 12, with the market focused on 2022 contract negotiations. Spot activity was minimal, with treatment charges for smelter purchases and trader purchases in the low-$60-per-tonne and low-$50-per-tonne range respectively. As a result, Fastmarkets' calculation of the copper concentrate TC index, cif...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
Base metal prices on the London Metal Exchange mostly closed higher on Friday November 12, with aluminium and nickel emerging as the week's strongest performers.Three-month aluminium reached an intraday high of $2,714 per tonne on Friday, its highest since November 4.The light metal closed slightly lower at $2,700 per tonne, marking a 3.6% gain since the start of the week, when it was at $2,605 pe...Read More
Domestic prices for steel rebar have been reduced in Brazil for November orders, with previous discounts from mills consolidating at even lower levels, Fastmarkets heard on Friday November 12.Market participants were still seeing room for a price increase given the much higher import offers, and there were reports of some attempts for a 7% rise, but delivery at stable prices until the year-end was...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
Local and export prices for hot-dipped galvanized coil decreased in Turkey in the week to Friday, November 12, with buyers holding back in anticipation of further price falls, sources told Fastmarkets.Demand for color-coated coil in the domestic market, meanwhile, improved because of low stock levels at end users, the sources added.Domestic pricesFastmarkets' weekly price assessment for steel HDG...Read More
Prices for hot-rolled coil in the United States finished the week below $93 per hundredweight ($1,860 per short ton) for the third consecutive day and at its lowest level since late July, with sources saying further price corrections are possible in the coming weeks.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $92.29 per cwt ($1,845.80 per ton) on Friday November 1...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Seaborne iron ore prices edged lower on Friday November 12, after more steel mills took the opportunity to carry out blast furnace maintenance after margins tightened significantly over the week, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.69 per tonne, down $2.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $91.39 per tonne, down $2.64 per tonn...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 12, but those on the Shanghai Futures Exchange were mainly firmer while they followed Thursday's strong gains on the LME.Geopolitical tensions rise after the United States warns the European Union that Russia might invade Ukraine.Given the EU has become rather dependent on Russian natural gas, Russia may f...Read More
The market for pig iron exports from the south of Brazil remained stable during the week ended Friday November 12 due to limited trading.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $500-510 per tonne on Friday, unchanged week on week.Read More
Key data from Fastmarkets' ferro-silicon pricing sessions in China, Europe and the United States on Friday November 12.China?EUR?The ferro-silicon price in China continued its downward trend this week, followed by weak futures, thin deal numbers and inquiries, and the decreasing price of semi-coke, a key raw material in ferro-silicon production.?EUR?Weak market sentiment clouded the ferro silicon...Read More