Iron ore physical prices rose on Wednesday June 2, while low-grade fines increased on buying interest from Chinese steel mills, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $209.19 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $211.50 per tonne, up $0.46 per tonne58% Fe fines high-grade premium, cfr Qingdao: $182.30 per tonne, up $1.30 per tonne65% Fe B...Read More

Seaborne premium hard coking coal prices in the cfr and fob markets diverged on Wednesday June 2, with the high price for premium hard coking coal in cfr market discouraging mills from purchasing, according to sources.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.84 per tonne, up by $1.40 per tonnePremium hard coking coal, cfr Jingtang: $283.79 per tonne, down by $0.56 per tonneHard...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. Zoom Video advanced $6.68 to $334.00 after reporting higher than consensus first quarter revenues and earnings. Deutsche Bank raised its target price from $360 to $375. IMAX dropped $0.34 to $21.93 after Goldman Sachs downgraded the stock to SellFedEx added $1.26 to $312.11 after JP Morga...Read More

Import prices for steel scrap inched up amid slightly firmer prices for finished steel products on Wednesday June 2.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $500-515 per tonne on Wednesday, widening upward by $5 from $500-10 per tonne on Tuesday.The most-traded rebar and hot-rolled...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in May 2021.The case list below includes only updates. For other continuing cases this year,...Read More

Hot-rolled coil prices in China's domestic market traded in a smaller range on Wednesday June 2, following the volatility in Tuesday's session driven by uncertainty over production curbs in Tangshan.DomesticEastern China (Shanghai): 5,480-5,570 yuan ($858-872) per tonne, narrowing the range by 30-50 yuan per tonne.Prices edged lower on Wednesday after trading at 5,480-5,600 yuan per tonne on Tuesd...Read More

China's domestic rebar prices on Wednesday June 2 recovered most of the losses from a day earlier amid costlier raw materials such as iron ore and coke. DomesticEastern China (Shanghai): 5,000-5,020 yuan ($784-787) per tonne, up by 100 yuan per tonne Rising prices for steelmaking raw materials are making rebar mills lose money, an industry analyst said.Fastmarkets' index for iron ore 62% Fe fines,...Read More

The three-month zinc price traded higher during the morning session on the London Metal Exchange on Wednesday June 2, while the rest of the base metals complex consolidated gains following a strong end to May.Zinc's three-month price rose as high as $3,098 per tonne in morning trading, up from Tuesday's closing price of $3,064 per tonne. The contract's reading of $3,060 per tonne at the close on M...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday June 2 - zinc and tin prices were up on both exchanges and were looking robust, while the others have lost recent upward momentum. Brent crude oil is back above $70 per barrel, the highest it has been for two years. Tuesday's manufacturing purchasing managers' index (PMI) data for...Read More

Key data from the pricing session in London on Wednesday June 2. Key drivers Market participants agree that demand is picking up in both Europe and Asia although this has yet to translate into a price increase and units...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More

An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi in London,...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 Cobalt...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, $/lb at 19.90-20.50 on Wednesday...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 p...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday June 2.Key drivers Trading has been quiet over the past week due to the shortened working week, with a national UK holiday on Monday May 31 (Spring Bank Holiday), while European markets will be affected by Corpus Christi on Thursday June 3. These breaks have also coincided with school holidays, meaning that many workers are...Read More

Recent weakness in Chinese export hot-rolled coil prices are likely to have minimal impact on prices in Turkey and the Commonwealth of Independent States - major flat steel suppliers - at least in the short term, sources told Fastmarkets. Existing demand at key outlets and long lead times will prevent prices from following the Chinese export price in the near term, Fastmarkets has learned. Do...Read More

Fastmarkets has decided to revise the outlier detection method used in the calculation of its copper concentrate treatment and refining charge (TC/RC) index. Following a one-month consultation, Fastmarkets will proceed to revise the outlier detection method used in the calculation of its copper concentrate TC/RC index to reflect spot market changes. Changes will take effect on Friday June 4. The p...Read More

The nickel price will remain on a gradual uptrend in the long term as the global market remains in deficit, prompting Fitch Solutions to upgrade its long-term nickel price outlook from US$15,750 per tonne to US$16,500 per tonne for 2021.London Metals Exchange nickel prices are expected to tick lower than present spot levels in the coming months, as demand from steel production stabilises and new n...Read More