Adam HamiltonArchivesMay 17, 2019 The major gold miners' stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria. But they are more important than ever for prudently diversifying portfolios, a rare sector that surges when stock markets weaken. Their just-reported Q1'19 results reveal how gold miners are faring as a sector, and their current fund...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The price of bauxite imported into China will continue rising gradually over the next 5-10 years on stronger domestic demand, chief executive officer of Metro Mining Simon Finnis told Fastmarkets at the Alumina & Bauxite Conference held in Zhengzhou on May 16-17.China's increased aluminium production capacity and limited bauxite output following stricter bauxite mining requirements has led the cou...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Rumors that around 1,000 tonnes of bismuth held in Fanya warehouses may be auctioned dampened buying interest in China, causing the domestic Chinese bismuth price to plunge by 4% week on week on Friday May 17. Fastmarkets assessed the Chinese domestic bismuth price at 41,000-44,000 yuan ($5,959-6,395) per tonne on Friday, down from 43,000-45,500 yuan per tonne a week earlier. The latest price...Read More
The global ferrous scrap markets continued to move downward during the week ended Friday May 17, except in Turkey, but a recovery was expected for most markets following the cut to the US import tariff on Turkey-origin steel. Prices begin recovery after US reduces Turkey tariff US export prices down on earlier Turkish sales Taiwan prices down on lower bids; Vietnam prices stable Indian market cont...Read More
European and UK austenitic and chrome steel alloy scrap prices decreased over the past week because of declining demand and lower ferrous scrap costs, sources told Fastmarkets on Friday May 17.Fastmarkets' assessment of the price for 18/8 stainless steel scrap solids in the UK domestic market was ?800-900 ($1,025-1,154) per tonne delivered on Friday, down by ?50 per tonne week on week.The corres...Read More
The UK's light iron market has dropped over the week ending May 17, losing another ?5 ($6.41) per tonne following a ?10 loss due to weaker European export markets into Turkey since late April, sources told Fastmarkets.The move follows a ?15-per-tonne drop in monthly delivery settlements for May that were settled between British suppliers and steelmakers this week.Fastmarkets' weekly price asses...Read More
The Friday Market Minute Global stocks drift lower, setting up Wall Street for a weaker opening bell, as Beijing ramps up rhetoric in the U.S.-China trade war.State-run media use print, television and social media to excoriate U.S. moves on trade, as well as its blacklisting of Huawei, suggesting the two sides are moving further away from a potential deal.Bank of Japan Governor vows to keep...Read More
The firmer tone of recent days has subsided this morning, Friday May 17, with some talk out of China that they are in no hurry to resume trade talks no doubt weighing on sentiment. That said, US economic data out on Thursday was generally robust with strong data on housing starts, the Philadelphia Fed manufacturing index and initial jobless claims, which somewhat countered the poor data from Wedne...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Chinese domestic lithium prices were stable week on week on Thursday May 16 due to slow demand and sufficient stocks at hand, Fastmarkets learned. China's battery-grade lithium carbonate and hydroxide prices were unchanged. Technical and industrial grade lithium carbonate prices consolidated increases a week ago. Rest-of-world prices were flat on slow demand and ample stocks. China's spo...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonne. Fa...Read More
The import prices of flat steel in South America have largely fallen over the past week, reflecting the recent drop in Chinese prices and the higher market share taken by some exporters from the Commonwealth of Independent States (CIS) region.Fastmarkets assessed the hot-rolled coil (HRC) import price in the region at $535-550 cfr on May 17, down from $540-560 per tonne a week earlier.Russian and...Read More
Offer prices for hot-rolled coil (HRC) in India have dropped by at least $10 per tonne after South Korea-origin HRC was offered to Indian importers this week at $545-550 per tonne cfr Mumbai, Fastmarkets heard on Friday May 17.Indian importers had last booked Japanese or South Korean HRC about two weeks ago, at $555-560 per tonne cfr Mumbai for shipment in June.Importers said, however, that the...Read More
The price of some steel coil products in Turkey increased over the week to Friday May 17, while some producers stopped accepting new orders after the United States announced a duty reduction, sources told Fastmarkets.The US has lowered its tariffs on steel imports from Turkey to 25%, down from 50% previously, effective from Friday May 17.Demand was weak in the local market, but exports were strong...Read More
The domestic price for secondary steel billet in India has gone down by at least 200 rupees ($3) per tonne in the past week, in line with falling prices for finished long steel products such as rebar.The Indian domestic secondary billet price was assessed by Fastmarkets on Friday May 17 at 31,000-31,200 rupees ($441-444) per tonne ex-mill, down from last week's assessment at 31,200-31,400 rupees p...Read More
The European Commission (EC) has initiated a review of its steel import safeguard measures, it said in a notice published in the Official Journal of the European Union on Friday May 17.The review covers all product categories, with the exception of product category 26, which covers "other welded pipes."The EC "has observed that some of the country specific tariff-rate quota for certain product cat...Read More
The UK's light iron market has dropped over the week ending May 17, losing another ?5 ($6.41) per tonne following a ?10 loss due to weaker European export markets into Turkey since late April, sources told Fastmarkets.The move follows a ?15-per-tonne drop in monthly delivery settlements for May that were settled between British suppliers and steelmakers this week.Fastmarkets' weekly price asses...Read More
The global ferrous scrap markets continued to move downward during the week ended Friday May 17, except in Turkey, but a recovery was expected for most markets following the cut to the US import tariff on Turkey-origin steel. Prices begin recovery after US reduces Turkey tariff US export prices down on earlier Turkish sales Taiwan prices down on lower bids; Vietnam prices stable Indian market cont...Read More