Seaborne low-vol PCI prices in both the fob and cfr markets fell following the drop in thermal coal prices. And China's National Development & Reform Commission intervention, plus the news that stranded Australian coal was allowed to clear Chinese customs, have put market participants in a wait-and-see mode.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $608.12 per tonne, unchange...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More
The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.Stifled automotive output this year, driven by a supply shortage of semiconductor chips used in vehicles, has tightened prime scrap availability and widened the spreads between this grade of steelmaking raw material and obsolete scrap.While wide prime-over-obso...Read More
The price of UK inter-merchant light-iron steel scrap narrowed on Friday October 29 with the domestic and export markets remaining strong, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?185-195 ($255-268) per tonne on Friday, narrowing from ?175-195 per tonne the week before."It's quite busy. There is a lot...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...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
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday October 29.China The price of ferro-silicon in China continued to narrow downward following deceasing futures, with many market participants taking a wait-and-see attitude. Even though the overall power supply situation is not as tight as before, the spot price remains supported...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More
Seaborne iron ore prices continued to fall on Friday October 29 after Hebei and Shandong provinces introduced steelmaking production restrictions to curb air pollution, with further emissions limits expected in the winter-heating season from November 1, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $107.28 per tonne, down $5.37 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More
Mill-grade aluminium scrap prices declined week on week following decreases in primary aluminium prices on the London Metal Exchange, while the non-ferrous auto shred (twitch) price remained supported by solid export demand.Fastmarkets' assessment of the segregated low copper alloy clips 5052, mills specialty consumers' buying price, fob shipping point US decreased by 9 cents to $1.33-1.37 pe...Read More
Indian domestic secondary billet prices increased slightly by end of the week to Friday October 29 on renewed buying interest and rising raw material prices.Fastmarkets' price assessment for steel billet domestic, ex-works India was at 46,500-46,700 rupees ($620.03-622.70) per tonne on Friday, up by 200 rupees compared with the previous week's assessment of 46,300-46,500 rupees per tonne ex-works....Read More
South Korean steelmakers have purchased steel scrap cargoes at lower prices from the United States and Japan in recent days amid weakening market sentiment across Asia, market sources told Fastmarkets on Friday October 29.?EUR?South Korea purchases raft of cargoes at lower prices?EUR?Tokyo Steel Tahara mill reduces buy price?EUR?Prices in China stable amid lack of buying interest.South KoreaPrices...Read More
Battery-grade lithium prices in Asia nudged higher over the week to Thursday October 28 on lingering tightness in supply, costlier feedstock and monthly restocking among buyers. ?EUR? Chinese suppliers of seaborne battery-grade lithium hydroxide price succeed in translating higher offers into transactions in the Asian spot market.?EUR? Lithium prices in China's domestic market rise on month-end re...Read More
Steel beam prices were flat in the United States' domestic and import markets on Thursday October 28 following three rounds of mill price increases over the summer and bringing a welcome pause to upward pressure in market that has been tightly supplied.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $68 per hundredweight ($1,360 per short ton) on Thursday October 28, unc...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More
Silicon prices in the United States reached a new all-time high on Thursday October 28, making the price for US material - which has almost tripled in seven weeks - now the most expensive in the world. The US price for standard grade silicon (5-5-3) surpassed that in Europe, which had been the most expensive region prior to Fastmarkets' assessment there on Friday October 29.Fastmarkets assessed th...Read More
The Turkish deep-sea steel scrap import market was inactive on Friday October 29 due to the country's Republic Day holiday, which began on Thursday afternoon and runs through Friday, sources told Fastmarkets.The most recent cargo deal was recorded on Tuesday, when a steel mill in the Marmara region booked a cargo from the United States, consisting of 20,000 tonnes of HMS 1&2 (90:10)...Read More
The recent decline in aluminium prices stoked bearish sentiment in the alumina market, pushing prices down 5% on Friday October 29.Fastmarkets calculated its daily alumina index, fob Australia at $452.16 per tonne on Friday, down from $476.73 per tonne on Thursday.A deal was reported on Friday for 30,000 tonnes at $450 per tonne fob Western Australia, for loading in the second half of November loa...Read More
Import steel billet prices into China fell again toward the end of the week, hampered by continued power shortages and efforts by traders to re-route cargoes sold to that country.Chinese trading companies have tried to divert their position billet cargoes into Southeast Asian markets during the week, a behavior that started with panic over falling prices setting in the prior week. Most of these ca...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 28 that are worth another look.The United States Securities and Exchange Commission (SEC) sent a notice to Brazil-based miner Vale regarding a possible investigation surrounding the Brumadinho tailings dam disaster in 2019. Brazilian miner Vale will resume activities...Read More