Base metal stocks Articles

DAILY SCRAP REPORT: Fresh January bookings raise prices further

December 05, 2019 / Staff reporter

The Turkish steel producers have continued their purchases of deep-sea market scrap for January shipments, while prices became even more firm, sources said on Wednesday December 4.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 17,000 tonnes of HMS 1&2 (95:5) at $290 per tonne cfr.Another steel mill in the Marmara region booked a European cargo, comprising 20,000 to...Read More

IRON ORE DAILY: Seaborne prices up slightly, Chinese port transactions stay active

December 05, 2019 / Staff reporter

Seaborne prices edged up slightly on Wednesday December 4 amid gains in the futures market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.06 per tonne, up $0.75 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $88.15 per tonne, up $0.75 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.63 per tonne, up $0.43 per tonne.58% Fe fines high-premium, cfr Qingdao: $76...Read More

Iranian export billet market quiet with January allocations taken up

December 05, 2019 / Staff reporter

The Iranian export billet market has been rather quiet in the first week of December amid reduced availability of material for shipment in January, Fastmarkets has heard.This was due to successful sales to Africa, the Middle East and Asia in previous weeks as well as increased domestic demand."Local buyers were worried about the fluctuation [in the value] of the Iranian rial after fuel subsidy iss...Read More

CHINA REBAR: Destockingpushes down domestic prices further

December 05, 2019 / Staff reporter

China's domestic rebar prices kept their downward trend on Wednesday December 4 as traders unloaded inventory. Eastern China (Shanghai): 3,970-4,000 yuan ($562-566) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,700-3,740 yuan per tonne, down 10-20 yuan per tonneRising spot market inventory caused by weaker demand and high output led trading houses to urgently destock...Read More

Latin American crude steel output down 14% in October, Alacero says

December 05, 2019 / Staff reporter

Latin American crude steel output decreased by 14% year on year in October due to slower global economic growth and blast furnace outages in Brazil, regional steelmakers' association Alacero said on Tuesday December 3.Production reached approximately 4.9 million tonnes in October compared with about 5.67 million tonnes in the same month last year. Output for the first 10 months of 2019 totaled 50....Read More

TITANIUM SNAPSHOT: Scrap markets drop amid slow trading, alloy flat

December 05, 2019 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday December 4.Key drivers  The scrap markets were down in the past week, with supply offer prices dropping against slowing demand in the run-up to year-end holidays. Metals producers typically run down their feedstocks in December, a time usually set aside for book-squaring, banking profits and settling accounts. The alloy market...Read More

EUROPE SECTIONS: Prices move up after rise in feedstock costs

December 05, 2019 / Staff reporter

Hollow steel sections prices moved up across Europe over the past week due to increases in feedstock costs, market sources told Fastmarkets on Wednesday December 4.Fastmarkets' weekly price assessment of steel sections (medium), domestic, delivered Northern Europe, was 590-600 per tonne ($653-664) per tonne on Wednesday, up from 580-590 per tonne a week earlier."I see some price lists coming in wi...Read More

Brazilian iron ore exports down 20% in November, ministry says

December 05, 2019 / Staff reporter

Brazilian iron ore exports totaled 27.25 million tonnes in November 2019, a 19.8% year-on-year decrease from 33.97 million tonnes, data from the country's ministry of economy showed on Monday December 2.Shipment volumes also fell by 18.3% in comparison with 33.35 million tonnes during October 2019, according to the ministry.Figures from October were revised upward after the foreign trade secretari...Read More

TURKEY FLAT STEEL WRAP: Prices up in November, demand improves on re-stocking

December 05, 2019 / Staff reporter

Demand for flat steel products in Turkey was strong in November because of purchases for re-stocking, market participants told Fastmarkets on Wednesday, December 4.Local producers have now filled their order books until late February, sources added, and have started to accept orders for early-March production.Local demand was weak in Turkey in October because of decreasing prices, but improved in...Read More

Turkish flat steel exports down 1.63% year on year in October

December 05, 2019 / Staff reporter

Turkish exports of flat steel products fell by 1.63% year on year to 477,680 tonnes in October 2019, according to the Turkish Statistical Institute (TUIK).This compares with a volume of 485,614 tonnes in October 2018, the institute said.Cold-rolled flat steel exports fell considerably and coated flat steel shipments also dropped, while hot-rolled flat steel exports increased.Orders for C...Read More

US HRC-rebar price spread reverses 2016-18 trend

December 05, 2019 / Staff reporter

As 2019 draws to a close, Fastmarkets examines the underlying factors driving the spread between US hot-rolled coil and steel reinforcing bar prices throughout the year.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US averaged $33.12 per hundredweight at the midpoint in January-November, while the steel hot-rolled coil index, fob mill US averaged $29.77 per cwt, creatin...Read More

GLOBAL TIN WRAP: Premiums steady around the globe

December 05, 2019 / Staff reporter

Spot demand for tin diminished further in the week to Tuesday December 3, with the focus now on annual contracts and backwardation returning to the London Metal Exchange price for the metal.The 99.9% European tin premium holds at its recent lower levelThanksgiving holiday cuts into trade in the United StatesAsian premiums not buoyed by earlier production cuts.European premiums flat on ubdued deman...Read More

Brazilian iron ore exports down 20% in November, ministry says

December 05, 2019 / Staff reporter

Brazilian iron ore exports totaled 27.25 million tonnes in November 2019, a 19.8% year-on-year decrease from 33.97 million tonnes, data from the country's ministry of economy showed on Monday December 2.Shipment volumes also fell by 18.3% in comparison with 33.35 million tonnes during October 2019, according to the ministry.Figures from October were revised upward after the foreign trade secretari...Read More

LIVE FUTURES REPORT 04/12: LME zinc price up 1.8% on high turnover; nickel loses ground

December 05, 2019 / Staff reporter

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday December 4, with upward movement in the price of the galvanizing metal supported by strong turnover, while nickel futures took a divergent path over the afternoon in a 1.6% sell-off.Zinc's underlying price on the LME closed at $2,245 per tonne in the afternoon, gaining just under 2% from Tuesday...Read More

IN CASE YOU MISSED IT: 5 key stories from December 4

December 05, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Wednesday December 4 that are worth another look.French special steelmaker Ascoval, part of the British Steel group, is to supply 140,000 tonnes per year of semi-finished products, rectangular blooms, to rail manufacturing specialist BSFR (British Steel France Rail) to be processed into rails for the SNCF Rseau national train network at...Read More

LIVE FUTURES REPORT 04/12: LME zinc price up 1.8% on high turnover; nickel loses ground

December 05, 2019 / Staff reporter

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday December 4, with upward movement in the price of the galvanizing metal supported by strong turnover, while nickel futures took a divergent path over the afternoon in a 1.6% sell-off.Zinc's underlying price on the LME closed at $2,245 per tonne in the afternoon, gaining just under 2% from Tuesday...Read More

BASE METALS WARRANT REPORT 04/12

December 05, 2019 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday December 4.Please click...Read More

LIVE FUTURES REPORT 04/12: Fresh cancelation sees LME zinc price climb 1%; backwardation narrows

December 05, 2019 / Staff reporter

The three-month zinc price on the London Metal Exchange was higher during morning trading on Wednesday December 4, with its price action bolstered by the fresh cancelation of 2,325 tonnes in addition to a narrowing of the metal's benchmark cash/three-month spread backwardation. Zinc's outright price on the LME was recently seen trading at $2,240 per tonne, a gain of $38 per tonne against Tuesday's...Read More

BASE METALS WARRANT REPORT 04/12

December 05, 2019 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday December 4.Please click...Read More

NOBLE ALLOYS MARKET REPORT 04/12: Molybdenum prices continue to move up on increased spot interest

December 05, 2019 / Staff reporter

An overview of the noble alloys markets and their latest price moves.Read More