China's domestic rebar prices were mixed on Monday December 24, with prices in the east of the country down amid lower futures and billet prices, but those in the north flat Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($547-553) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,620-3,650 yuan per tonne, unchangedBillet prices dropped over the past weekend due to weak...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
A summary of base metals premiums from across the globe for the week to Monday December 24.Note that in line with our publication schedule, the weekly base metal premiums table is published...Read More
An investigative commission created by Par??'s state legislature Alepa found "very strong evidence of environmental crime" in the region where Alunorte, Norsk Hydro's alumina refinery in the Brazilian northern state, is located.The analysis began after heavy floods in Par??'s city of Barcarena back in February worried nearby communities and prompted them to file a complaint against Alunorte to the...Read More
Turkish domestic scrap prices have continued to fall over the past week in line with weakening finished steel values in the country's export and domestic markets, sources said on Monday December 24.Fastmarkets MB's weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,480-1,590 ($279-300) per tonne delivered on December 24, down from TRY1,490-1,710 per tonne last week...Read More
The Turkish scrap import market remained quiet at the beginning of the week, with the mills' bids still below offers, sources said on Monday December 24.European origin HMS 1&2 (80:20) has been offered at $290 per tonne cfr to Turkey, while the Baltic Sea suppliers were offering the same material at $295 per tonne.Yet, mills in Turkey were still bidding around $275-280 per tonne cfr for...Read More
The latest news and price moves to start the Asian day on Tuesday December 25....Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday December 24.There was general weakness across the base metals traded on the Shanghai Futures Exchange during Asian morning trading on Monday, with prices broadly down amid bearishness stemming from a challenging macro environment.Check Fastmarket MB's live futures report here.The London...Read More
Lead rose 1% by the close on the London Metal Exchange on Monday December 24, while the rest of the base metals inched lower in a mostly quiet session ahead of the Christmas holidays.Following a 31,150 tonne cancellation on Monday, mostly in Antwerp LME sheds, lead was the best performer up $20 per tonne to close at $1,985 per tonne on Monday. Total lead stocks fell 50 tonnes to 107,575 tonnesDesp...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday December 24* Copper -$65.91 (-455.73 yuan) Aluminium -$389.21 (-2,691.1 yuan) Zinc -$10.67 (-73.75 yuan) Nickel $127.47 (881.36 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Physical iron ore prices dipped on Monday December 24 following declines in China's steel and futures markets.MB 62% Fe Iron Ore Index: $71.58 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.41 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.52 per tonne cfr Qingdao, down $0.64 per tonne. MB 58% Fe Premium Index: $63.67 p...Read More
Cobalt prices continued to slide in the second half of the month as sellers feeling the pressure to destock ahead of the year-end faced buyers reluctant to add to their books in December. Fastmarkets assessed high-grade cobalt prices at $26.25-28 per lb, in-warehouse, on Friday December 21, down from $27-29 per lb at the time of the midweek assessment. Fastmarkets assessed low-grade cob...Read More
Lead rose 1% by the close on the London Metal Exchange on Monday December 24, while the rest of the base metals inched lower in a mostly quiet session ahead of the Christmas holidays.Following a 31,150 tonne cancellation on Monday, mostly in Antwerp LME sheds, lead was the best performer up $20 per tonne to close at $1,985 per tonne on Monday. Total lead stocks fell 50 tonnes to 107,575 tonnesDesp...Read More
The latest news and price moves to start the Asian day on Tuesday December 25....Read More
Fastmarkets MB has amended the date of publication of its monthly ferro-nickel cif China price to Monday December 31 instead of today after it was incorrectly published earlier due to a reporter error.The assessment for cif China ferro-nickel premium with 26-32% nickel content is scheduled to be published every last Monday of each month.The price, which was assessed at a discount of $250-120 per t...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday December 24* Copper -$65.91 (-455.73 yuan) Aluminium -$389.21 (-2,691.1 yuan) Zinc -$10.67 (-73.75 yuan) Nickel $127.47 (881.36 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Several of China's top smelters agreed to reduce another 800,000 tonnes of aluminium capacity in the coming days, Fastmarkets learned from the conference held in Nanning, Guangxi province in China on Friday December 21.Chalco, China Hongqiao, Hangzhou Jinjiang Group, Xinfa Group, East Hope and State Power Investment were reported to attend the conference, which aimed to lift confidence in the alum...Read More
Base metals prices on the London Metal Exchange were little changed during morning trading on Monday December 24, with trading volumes low due to a number of participants being absent from the market for the Christmas holidays.Lead prices had not yet responded to a large cancellation at LME-listed warehouses - the price was just $4 per tonne higher as it remained below the $2,000-per-tonne support...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday December 24.There was general weakness across the base metals traded on the Shanghai Futures Exchange during Asian morning trading on Monday, with prices broadly down amid bearishness stemming from a challenging macro environment.Check Fastmarket MB's live futures report here.The London...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More