Growth in the pig iron import market in the United States slowed down in the week to Friday January 15, but suppliers are continuing to increase their offer prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $575 per tonne on Friday, narrowing up from from $560-575 per tonne a week earlier.The latest sales to the US were done at...Read More
The export market for pig iron from the Commonwealth of Independent States (CIS) was slow during the week to Thursday January 14, while suppliers remained bullish.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $550-555 per tonne on Thursday, unchanged week on week.Only small cargoes of less than 5,000 tonnes of pig iron were sold from Ru...Read More
Iron ore prices trended up on Friday January 15 despite mixed market sentiment but demand for iron ore lump is firm on active trading at the Chinese portside, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.69 per tonne, up $1.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.13 per tonne, up $1.35 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
The seaborne premium hard coking coal fob price jumped up on Friday January 15 following a transaction done at $124 per tonne fob Australia on Friday, sources said. Fastmarkets indicesPremium hard coking coal, fob DBCT: $123.91 per tonne, up $10.02 per tonnePremium hard coking coal, cfr Jingtang: $208.69 per tonne, up $0.12 per tonneHard coking coal, fob DBCT: $101.54 per tonne, up $2.74 per tonne...Read More
The London Metal Exchange base metals failed to hold on to the excitement from US President-elect Joe Biden's speech overnight, with zinc and nickel the hardest hit and copper once again falling below $8,000 per tonne on Friday January 15 and most of complex trading in negative territory.Zinc's three-month price was at $2,718 per tonne as at 9am London time, down by 1.4% from $2,757 per tonne at T...Read More
Expectations of steady output for rebar in China kept spot prices largely steady despite increases in the futures market on Friday January 15.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($661-666) per tonne, widened upward by 10 yuan per tonneNorthern China (Beijing) weekly assessment: 4,020-4,060 yuan per tonne, down by 60 yuan per tonneRebar producers in northern China are maintaining the...Read More
China's hot-rolled coil prices rebounded on Friday January 15 after the futures market rallied, with sources saying that market participants are optimistic on the economic outlook for the new year.DomesticEastern China (Shanghai): 4,550-4,560 yuan ($704-705) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,360-4,410 yuan per tonne, down 40 yuan per tonneTrading ac...Read More
The base metals on the London Metal Exchange were mainly weaker this morning, Friday January 15, while those on the Shanghai Futures Exchange were mainly firmer in line with the stronger Chinese fundamentals. US President-elect Joe Biden proposed a $1.9 trillion rescue packageUS Federal Reserve chair Jerome Powell said the central bank would not be raising rates anytime soonBase metals Three-month...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 15.Europe The high-carbon ferro-manganese and silico-manganese markets rose on tight availability amid increased buying interest from traders. European suppliers are preparing themselves for an expected increase in consumer demand in February for second-quarter shipments, as well as prompt b...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 17.60-18.25 on Friday...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More
Buyers have started withdrawing from the spot market in key importer Vietnam in the week to Friday January 15 due to growing sentiment of a price downtrend, market sources told Fastmarkets.Offers for Japanese H2 were at $460 per tonne cfr southern Vietnam and $465 per tonne northern Vietnam, compared with bids at $450-455 per tonne cfr Vietnam.But buyers remained wary amid expectations of more pri...Read More
Taiwanese scrap import prices started to soften this week following the emergence of lower offers and weaker sentiment in the region, markets sources told Fastmarkets.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $430-431 per tonne on Friday January 15, down by $9 per tonne from a day earlier and down by...Read More
The Empire Club of Canada presented its 2020 Nation Builder of the Year Award on Dec. 10, with the honour given to Canada's frontline workers. The club's second annual event was a virtual ceremony to bestow the award on "the men and women who kept us safe and functioning during the most severe pandemic to hit the world in over a century."As one of Canada's oldest and most important speakers' forum...Read More
Prices for molybdic oxide and ferro-molybdenum came under pressure from profit taking in the second half of the week ended Friday January 15, and gave up some of their recent gains following swift gains earlier in January. Fastmarkets' assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam fell slightly to $24.60-25.10 per kg on January 15, from $24.70-25.20 per kg two days earlier.Fast...Read More
Osisko Mining (TSX: OSK) plans to raise $60 million in a bought deal financing. A syndicate of underwriters led by Canaccord Genuity has agreed to purchase 11.22 million flow through shares at $5.35 per share, and has the option to sell an additional 1.87 million flow through shares at the same price for additional proceeds of $10 million. The company will use the funds to explore its mining ass...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineGlobal markets have moved higher since the start of the year, fuelled by optimism surrounding a...Read More