Prices for inter-merchant light iron scrap in the UK market were stable over the week to Friday November 6, extending a steady trend for the fourth consecutive week on firm domestic fundamentals and cemented by active export trading, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?95-105 ($124-137) per...Read More
Some container shipping lines are refusing to give rates for December shipments of scrap metal into South Asia and are even cancelling some existing orders, sources told Fastmarkets on Friday November 6.Four steel scrap traders that speak to Fastmarkets said they have either been unable to get December shipment quotations from their freight forwarders or are aware of others facing a similar situat...Read More
Export pig iron prices from Brazil rose in the week to Friday November 6 on high demand, sources told Fastmarkets. Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $370-375 per tonne on Friday, up from $355 per tonne the week before. "Late this week China resumed active purchases and...Read More
The seaborne premium hard coking coal cfr price rose on Friday November 6 due to the premium paid for high quality materials from countries such as Canada while premium mid-volatility hard coking coal was transacted in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.45 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $143.93 per tonne,...Read More
Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses were little moved in the week to Friday November 6, with the biggest percentage change seen in lead at 6.5%. Lead stocks in SHFE-registered warehouses increased by 1,630 tonnes to 26,561 tonnes on Friday from 24,931 tonnes in the week prior. The largest inflow was noted at Guochu Tianwei warehouse in Shanghai, whe...Read More
Seaborne iron ore prices were up on Friday November 6 amid strong demand for steel reinforcing bar (rebar) in China, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.80 per tonne, up $0.85 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.03 per tonne, up $0.95 per tonne58% Fe fines high-grade premium, cfr Qingdao: $108.75 per tonne, up $1.07...Read More
Three-month base metals prices on the London Metal Exchange were largely higher during morning trading on Friday November 6, spurred by a continued decline in the US dollar index, while copper futures steadily appreciated to push past the $6,900-per-tonne resistance level amid persistent outflows. The three-month copper price was recently trading at $6,919 per tonne, its highest level since Octobe...Read More
Key data from the Friday November 6 pricing session in London.Key drivers Strong hydroxide payables continued to help keep prices firm amid weak demand for standard and alloy grade cobalt.Producers and distributors aired concerns about metal demand, reporting aggressive bids and some are considering going below the current range. ...Read More
An overview of the aerospace materials markets and the latest price moves.Fastmarkets has reworked the market reports...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
The cobalt alloy 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....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,...Read More
Scrap consumers indicated they were operating at "almost full capacity" in order to meet demand, adding that they have had to hold back from taking on more business."We're busy, we're running all our furnaces. We had good production in October and are expecting good production in November," one consumer source said. "I'm hearing some ridiculous numbers [for scrap]. The ingot price has been steadil...Read More
Fastmarkets today, Friday November 6, launches its weekly Steel scrap shredded, index, import, cfr Port Qasim, Pakistan.Following a month-long consultation period, Fastmarkets has launched its price for MB-STE-0887 Steel scrap shredded, index, import, cfr Port Qasim, Pakistan, $ per tonne, to complement its existing steel scrap prices in the South Asia region.Fastmarkets already includes coverage...Read More
The three-month prices of most base metals on the London Metal Exchange gained on Friday November 6, with the exception of nickel and lead futures.The LME copper and zinc futures rose by more than 1%, with the red metal closing above the $6,900 per tonne psychological mark.The LME three-month copper price increased by 1.2% to...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Fastmarkets is launching two new coefficients for the copper concentrates market, with an update to be published for the first time on Friday November 6.The new coefficients, MB-CU-0422 - Copper concentrates counterparty spread and MB-CU-0423 - Copper concentrates Co-VIU, will build on the success of Fastmarkets' index reporting on the copper concentrates market, which started...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 6.ChinaThe domestic market has now been stable for eight weeks in a row, with sentiment bullish after major steelmakers rolled over their November tender prices and the futures market climbed.Hesteel set its November tender price for 72% ferro-silicon unchanged month on month...Read More