The fob seaborne premium hard coking coal price fell on Wednesday February 10 after a transaction for premium low-volatility hard coking coal was concluded at a lower price, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $145.52 per tonne, down $8.52 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard coking coal, fob DBCT: $130.07 per tonne, down...Read More
Iron ore prices gained again on Wednesday February 10 after fewer shipments to China helped support the market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.90 per tonne, up $2.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $167.25 per tonne, up $2.79 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.02 per tonne, up $2.56 per tonne65% Fe Braz...Read More
China has further diversified the list of countries supplying heavy scrap (HS) imports, with recent deals from both South Korea and Singapore, market participants told Fastmarkets on Wednesday February 10.The deals only represent trial transactions at this stage, sources said, with suppliers still getting acclimatized to China's inspection systems following the first imported cargo passi...Read More
Inventories of base metals, with the exception of tin, increased in Shanghai Futures Exchange-registered warehouses this week, with zinc gaining the most in percentage terms at 14.9%, according to the stocks report on Wednesday February 10 - the last day of trading for the exchange before the start of the Chinese New Year holidays.Zinc inventories stood at 69,366 tonnes on Wednesday, an increase o...Read More
Copper, aluminium and nickel all reached new year-to-date highs during morning trading on Wednesday February 10, on a lower United States dollar index and positive economic data out of China on the day before the start of the Lunar New Year holidays. The three-month copper price rose to $8,302.50 per tonne on Wednesday morning, its highest level in eight years, since February 2013. Nearly 13,000 l...Read More
Base metals prices were putting in a strong performance on the last trading day before the Chinese New Year holiday, with all the metals, with the exception of an already strong tin, seeing gains this morning, Wednesday February 10.Bank loans in China were at new highs in January, with aggregate financing of 5.17 trillion yuan ($802 billion)Optimism grows while focus is on vaccine rollout and US s...Read More
The US Midwest aluminium premium rose to a near six-month high on Tuesday February 9, with sentiment growing increasingly bullish on expectations that US Section 232 tariffs will remain in place, while most premiums elsewhere were stable.US Midwest premium nears six-month highPremiums unchanged in Europe; LME contango supports Rotterdam duty-unpaidAsian markets mostly static; South Korean premiums...Read More
Fastmarkets has corrected its price assessment for selenium 99.5% Se min, in-whs Rotterdam, which was published incorrectly on Wednesday February 10 due to a reporter error.The price assessment for selenium, 99.5% Se min, in-whs Rotterdam, $ per lb, should have been $6-8 per lb, rather than the $6.30-7.80 per lb published.https://www.metalbulletin.com/My-price-book.html?price=34257This occurred af...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide.....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.Read More
The market for higher grades of high-carbon ferro-chrome in Europe rose strongly in the week ended Tuesday February 9 due to a shortage of available material while suppliers focused their attention on Asia.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, rose by $0.03-0.07 per lb (1.8%) on Tuesday to $1.10-1.22 per lb Cr, from $...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 10. Key drivers Limited supplies of titanium scrap pushed the low tin (Sn 0.5%) content grade price to a high last seen in September 2012 while higher tin content grade (Sn 0.5-2%) reached a high last seen in September 2014.The rally has forced buyers to look for alternative feedstock...Read More
The import market for charge chrome in China rose on Tuesday February 9, with tight supply continuing to strengthen sentiment despite the damping effect of the approaching Lunar New Year holiday, February 11-17, on activity in the chrome market.Fastmarkets' price assessment for ferro-chrome, 50% Cr, import, cif main Chinese ports, rose by $0.04 per lb (3.8%) to $1.10 per lb contained Cr on Tuesday...Read More
China increased refined and unrefined copper imports by over 31% year on year in 2020, whereas scrap inflow shrank significantly, reflecting the import policy change for waste products that came into force at the end of the year. Copper concentrate imports 21.77 million tonnes, down 1% year on year China's imports of copper concentrate, a major feed for primary smelting, dropped marginally in 2020...Read More
Zinc premiums were flat across Asia, Europe and the United States in the week to Tuesday February 9, while the ongoing supply tightness for lead in the US has allowed those who have material available to "name their price." Widening arbitrage loss and low demand due to Chinese New Year keeps Shanghai, Southeast Asia zinc premiums flat. On-warrant inventory in Singapore and Port Klang, Malaysi...Read More
With markets in China and much of Southeast Asia closed on Thursday February 11 ahead of Lunar New Year, trading on the London Metal Exchange this morning has been quiet with the base metals ranged between being down by 0.3% and up by 0.2%.* The US Dollar Index remains on a back foot* US 10-year treasury yields were weaker than they were at the start of the weakBase metalsThe three-month base meta...Read More
China Large Cap iShares (FXI) moved above $53.14 to an all-time high extending an intermediate uptrend. Hong Kong iShares (EWH) moved above $26.54 extending an intermediate uptrend.Asia ex Japan iShares (EPP) moved above $50.52 to an all-time high extending an intermediate uptrend.Australia iShares (EWA) moved above $25.11 to an all-time high extending an intermediate uptrend.KraftHeinz (KHC), a N...Read More