Here are five Fastmarkets MB stories you might have missed on Friday February 15 that are worth another look.The London Metal Exchange's linked load-in/load-out (LILO) warehouse rule thus far has not been activated at Istim's warehouses in Port Klang, Malaysia, despite a large aluminium queue building at the warehouse, sources confirmed to Fastmarkets MB.Section 232 tariffs on aluminium...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Base metals prices on the London Metal Exchange were higher across the board at the close of trading on Friday February 15, with market sentiment continuing to improve amid US-China trade talks, while participants continue to short-cover after last week's price rally. Climbing furthest over the afternoon, zinc futures closed above $2,600 per tonne and continued to trade in a volatile trend after s...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
More copper concentrates from the Democratic Republic of Congo (DRC) could be diverted after ERG suspended its Chambishi copper smelting facility in Zambia, multiple market sources said. ERG told Fastmarkets on Thursday February 14 of its decision to halt the 55,000 tonne-per-year Chambishi copper operation following the implementation of the 5% import duty on cobalt and copper concentrates i...Read More
A fire at Korea Zinc's Onsan smelter has been contained and deliveries are set to continue as usual, two sources at the company told Fastmarkets.The fire, which lasted for around half an hour, took place in the plant's power transformer, according to local daily newspaper JoongAng Ilbo.London Metal Exchange three-month zinc futures have risen 1.4% from yesterday's close to $2,591 per tonne as of 9...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Due to an input error, Fastmarkets' price book entry for European grade-553 silicon briefly showed an incorrect value on Friday February 15.The correct price, as assessed on February 15, for silicon, grade 553, min 98.5% Si, in-warehouse Rotterdam, is ?,?1,800-1,860 ($2,030-2,098) per tonne.Fastmarkets' price book and database have been updated accordingly.The weekly assessments for this price hav...Read More
The price of austenitic alloy steel scrap imported into Europe decreased on Friday February 15 because of lower nickel prices, Fastmarkets has heard.The price of 18/8 steel scrap solids imports was assessed on Friday at ?,?1,000-1,040 ($1,128-1,173) per tonne cif, narrowing downward by ?,?10 per tonne.The modest scale of the price change was related to the fact that nickel prices only began decrea...Read More
Domestic prices for ferrous scrap in Italy moved up in February following the positive trend settled in the international scrap markets, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy was ?,?270-290 ($306-327) per tonne delivered on Friday February 15, compared with ?,?260-280 per tonne delivered in January."The upward tren...Read More
German steelmakers have settled their monthly scrap contracts for February with an average price increase of ?,?15-20 ($17-23) per tonne, reflecting the rise in the international market, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($299-321) per tonne delivered on February 15, up from ?,?250-265 per tonn...Read More
Comex copper prices turned positive on Friday morning in the United States with improving trade talk optimism boosting the entire base metals space.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rebounded 0.80 cents to $2.7820 per lb."We expect the global refined copper market to become tighter...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
China's domestic lithium spot market showed limited buying activity with prices unchanged in the first week after the Lunar New Year holiday, while transportation of lithium compounds has resumed and more market participants are due to return after the Lantern Festival next week.Battery-grade lithium carbonate prices static after the holiday on thin buying interest. Lithium hydroxide prices r...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
Coated-steel prices in Turkey continued to increase in the week ending Friday February 15, despite demand being weak in both the domestic and export markets.High offer prices were stifling export activity, sources told Fastmarkets.Steel prices have been increasing globally because of rises in raw materials costs, which have been pushed up due to supply concerns after Vale'...Read More
Steel coil prices in Turkey increased again this week because of the rising cost of raw materials, alongside other global price increases.Local demand was also weaker than it was seven days earlier, sources told Fastmarkets on Friday February 15.Buyers placed orders last week because they had low stock levels, market participants said. However, they added that end-user demand was still not strong...Read More
China's hot-rolled coil prices were mixed on Friday February 15, with domestic prices dropping on weak demand but the export market seeing higher-priced deals.DomesticEastern China (Shanghai): 3,710-3,730 yuan ($548-551) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, down 50-60 yuan per tonneTrading activity was lower than on Thursday amid weaker fut...Read More