The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron...Read More
The seaborne coking coal spot market weakened again on Wednesday April 3, and ample supply is expected to weigh on prices further.A cargo of a top Australian brand premium hard coking coal, which is scheduled for loading between end-April and early May, was traded at $200.11 per tonne cfr China, various sources told Fastmarkets during the day. The same brand changed hands at $201.66 per tonne cfr...Read More
China's hot-rolled coil market was largely steady on Wednesday April 3, though exporters have started to adopt different strategies amid domestic prices gains and weak demand from abroad.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($577-579) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, unchangedPrices in Shanghai rose during the day, even though tradi...Read More
China's rebar prices moved up on Wednesday April 3 in both its domestic and export markets in response to heightened expectations of a drop in iron ore supply upstream.Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($580-588) per tonne, up 50 yuan per tonneNorthern China (Beijing): 3,900-3,940 yuan per tonne, up 40 yuan per tonneFerrous futures, including the rebar contract, rose across the b...Read More
Import prices for stainless steel in East Asia softened slightly over the past week due to weak regional demand, despite the recovery in the London Metal Exchange nickel price.Fastmarkets' weekly import price assessment for benchmark-304 stainless 2mm trimmed cold-rolled coil (CRC) in East Asia was $2,030-2,110 per tonne cif on Wednesday April 3, down by $10-20 per tonne from a week earlier.Fastma...Read More
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Wednesday April 3, improving on continued progress emanating from recent US-Chinese trade talks while persistent strength in the US dollar fails to deter buying momentum. Nickel's three-month price is now trading comfortable above $13,300 per tonne amid a continued drawdown in the LME's dwindling st...Read More
Global aluminium markets took divergent paths in the week ended Tuesday April 2, with premiums in the Dutch port of Rotterdam and Asia edging upward after gaining support from wide contangoes in London Metal Exchange aluminium price spreads and tightening spot supply of refined metal in Asia.Premiums were largely weaker elsewhere, with those in the United States dropping to an 11-week low. Rotterd...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis.Fastmarkets MB prices Click here for Fastmarket MB's price assessment for coba...Read More
Key data from the pricing session in London on Wednesday April 3.Key drivers- Traders continue to restock after prices stabilized two weeks ago; consumers start to buy after months of reducing their positions and working through high-priced stock.- Sellers successfully raise offer...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Wednesday April 3:Antimony MB free market regulus, $/tonne: $7,100-7,450 per tonne from $7,200-7,500Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 43,500-45,000 yuan per tonne from 44,000-45,000 yuanCobalt MB free market alloy grade, $/lb: $14.90-16.35 per lb...Read More
A summary of Jiangxi Copper's production results for the year ended December 31, 2018.What follows is a year-on-year percentage change from 2017.Copper...Read More
Three-month base metals prices on the London Metal Exchange were firmer during morning trading on Wednesday April 2, up by an average of 0.4% - further evidence of a recovery in China's economy seems to be providing support.Nickel once again led the way with a 0.7% rise on Wednesday, with the metal's three-month price recently quoted at $13,255 per tonne, up from Tuesday's close at $13,165 per ton...Read More
Key data from the Wednesday April 3 pricing session in Europe. Key drivers The European ferro-titanium market was unchanged for the second consecutive week, cementing gains made in a price rally through March. There has been regular consumer demand for prompt shipment, with more buying inquiries emerging for second-quarter deliveries from consumers. Some sources reckoned that the...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 3:Aluminium scrapCommercial pure cuttings: ?960-1,000 per tonne...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point in pre-opening trade.Index futures were virtually unchanged following released of the Weekly Jobless Claims report at 8:30 AM EDT. Consensus was an increase to 219,000 from upwardly revised 212,000 last week. Actual was 202,000.Tesla dropped $26.96 to $264.70 after the company delivered lower than expected fir...Read More
Russian aluminium producer Rusal is again shipping fresh primary aluminium to the United States and Europe following the removal of sanctions against the company in January, according to chief executive Evgenii Nikitin, Rusal's press office told Fastmarkets on Tuesday April 2."The volume [of supplies to Europe and the US] has been fully restored on aluminium. It has not been resumed on alloys, tho...Read More
Nickel was the standout performer among base metals in trading on the London Metal Exchange on Tuesday April 2, with an increase of $35 per tonne making it the only base metal not to show a fall.Tin was one of the worst performers, with its price going down by $220 per tonne to $21,200 per tonne in Tuesday trading.The price of lead fell by $20.50 per tonne to $1,990.50 per tonne, making it one of...Read More
Fastmarkets has corrected its assessment of the premium for aluminium P1020, fca South Korea, duty-free, which was published incorrectly on Tuesday April 2 due to an error.The premium for P1020 in South Korea was incorrectly given as $110-130 per tonne. The correct figure was $115-135 per tonne, unchanged from the previous assessment on March 26. This was correctly displayed in the pricing rationa...Read More
Manganese ore prices have diverged according to grade, increasing the gap between 37% and 44% ore after buyers complained about the cost of the low-grade material. 37% manganese ore slides, 44% ticks up Alloy prices diverge in China Indian silico-manganese prices hold steady Alloys stage mixed performance in Europe, USPrices for low- and high-grade manganese ore diverged at the end of March amid m...Read More