Cobalt trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets MB prices Click here for Fastmarkets MB's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets MB's price assessment for high-grade cobalt, in-warehouse, $ per lb In...Read More
Ferrous scrap prices moved in different directions in the various global markets during the working week from Monday October 8 to Friday October 12, Fastmarkets has learnt.Import prices in Turkey and India inched upward week-on-week, while Taiwanese import prices slipped on poor demand. Offers from the United States to Turkey remained firm, but some US exporters lowered their buying prices in prep...Read More
Fastmarkets' weekly prices assessments for alloy steel scrap imported into mainland Europe were unchanged this week amid 'very slow' market activity and relatively stable nickel prices.Demand has been below expectations since the end of the summer, when the usual post-holiday recovery failed to fully materialise. And it weakened further when stainless steel prices dropped sharply in October, with...Read More
The price for shredded ferrous scrap imported into India inched up this week but trading remained subdued because of the week rupee, sources told Fastmarkets MB on Friday October 12.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India increased to $358.92 per tonne cfr Nhava Sheva on Friday October 12, from $355 per tonne cfr Nhava Sheva one week ago.The import mark...Read More
The Friday Market Minute Wall Street futures point to sharp rebound after the biggest two-day sell-off since February Friday, but banks earnings and Treasury bond yields will be key for the overall market's direction.World stocks notch their best day in 2 years, thanks to big gains in Asia, after a bigger-than-expected China-U.S. trade surplus suggests export growth will support the world's...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Domestic Chinese battery-grade lithium carbonate and hydroxide prices softened on Thursday October 11 due to lower concluded prices after the Golden Week national holiday on October 1-7. Cheaper lithium compounds produced from brine in China keep dragging spot prices down while suppliers of lithium compounds produced from hard rock are resisting lower bids. The Chinese lithium carbonate price...Read More
Domestic prices for coated steel coil products in Turkey continued to decrease in the week ended Friday October 12, with demand remaining poor in the local market.Yet demand in the export market, mainly Europe, was quite good for coated coil.Some Turkish producers decreased their prices, however, because of the weak domestic demand in the country.Domestic pricesOne northern producer in Turkey was...Read More
Sentiment in Turkey's flat steel market remained negative over the week ending Friday October 12, but some prices managed to increase, sources told Fastmarkets.Turkish producers were offering flat steel for late November and early December production, with several bookings heard.Domestic pricesProducers have been offering hot-rolled coil (HRC) to the domestic market at $570-580 per tonne ex-works,...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More
Domestic prices for rebar in Poland have moved down slightly over the past week despite strong demand from the construction industry, sources told Fastmarkets on Friday October 12.Fastmarkets MB's price assessment for domestic 12mm B500B-grade rebar in Poland was at 2,340-2,380 zloty ($624-635) per tonne ex-works on October 12, widening downward over the week from 2,340-2,390 zloty per tonne...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More
China's domestic rebar prices remained flat on Friday October 12 despite futures moving higher. Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($656-662) per tonne, unchangedNorthern China (Beijing): 4,340-4,370 yuan per tonne, unchangedHigher futures failed to push up spot prices amid high selling interest as stockists actively ran down their inventories due to lack of confidence in the outl...Read More
Ferrous scrap prices moved in different directions in the various global markets during the working week from Monday October 8 to Friday October 12, Fastmarkets has learnt.Import prices in Turkey and India inched upward week-on-week, while Taiwanese import prices slipped on poor demand. Offers from the United States to Turkey remained firm, but some US exporters lowered their buying prices in prep...Read More
Fastmarkets' weekly prices assessments for alloy steel scrap imported into mainland Europe were unchanged this week amid 'very slow' market activity and relatively stable nickel prices.Demand has been below expectations since the end of the summer, when the usual post-holiday recovery failed to fully materialise. And it weakened further when stainless steel prices dropped sharply in October, with...Read More
The level of activity in the United States' pig iron market was lower than market sources expected after the recent scrap price increase because buyers replenished their stocks several weeks ago, Fastmarkets heard on Friday October 12.Last week, the only deal heard was for Southern Brazilian pig iron with high phosphorous content, at $373-375 per tonne cfr.Fastmarkets' price assessment for US impo...Read More
Indian local secondary billet prices fell in the second week of October by about 100 rupees per tonne while demand for semi-finished steel products remained weak and the number of buyer inquiries dwindled further, Fastmarkets has heard.The price for Indian domestic billet, which is mainly produced through the induction furnace method, was assessed by Fastmarkets on Friday October 12 at 33,200-33,4...Read More
China's domestic rebar prices remained flat on Friday October 12 despite futures moving higher. Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($656-662) per tonne, unchangedNorthern China (Beijing): 4,340-4,370 yuan per tonne, unchangedHigher futures failed to push up spot prices amid high selling interest as stockists actively ran down their inventories due to lack of confidence in the outl...Read More
European stainless steel base prices were assessed as being stable this week, although bearish sentiment still pervaded the market because of excess supply, Fastmarkets heard on Friday October 12.The situation was largely unchanged from what was seen in the previous two weeks. A sharp drop in the alloy surcharges for October resulted in substantially lower transaction prices for material produced...Read More
Key data for the pricing session in the week ending Friday October 12. China China's domestic spot markets for ferro-chrome and UG2 chrome ore were relatively quiet in the first week after the national holiday, which ran October 1-7. Offers for imported charge chrome rose but liquidity...Read More