Seaborne iron ore prices fell on Monday September 21 as a result of stricter environmental restrictions being imposed on steelmakers in the hub of Tangshan, trade sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.82 per tonne, down $5.08 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $120.05 per tonne, down $4.97 per tonne. 58% Fe fines high-grade premium, cf...Read More
Seaborne iron ore pellet prices continued outperforming iron ore concentrate in the week to Friday September 18, but with the end of sintering restrictions in China, demand for both has how begun to fall back.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $135.56 per tonne, down $2.17 per tonne65% Fe blast furnace pellet, cfr Qingdao: $147.25 per tonne, up $0.65 per tonneKe...Read More
China's domestic ferrous scrap prices lost their upward momentum over the past week amid a weakening of the downstream steel market, snapping three weeks of increases for the steelmaking raw material.But market participants are not expecting scrap prices to decrease further until China's week-long break from October 1 to mark its National Day.Fastmarkets' weekly price assessment for steel scrap he...Read More
Domestic hot-rolled coil prices weakened on Monday September 21 amid thin trading, which led a mill in eastern China to lower its export offer for the flat steel product, sources told Fastmarkets.DomesticEastern China (Shanghai): 3,840-3,860 yuan ($567-570) yuan per tonne, down 20-30 yuan per tonneTrading was inactive on Monday amid losses in the futures market, according to sources.Sellers in the...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the most part little changed to firmer this morning, Monday September 21, with only December nickel in Shanghai showing a loss.But with Asian-Pacific equities and pre-market major western equity index futures weaker, the metals may face headwinds today.Dollar, US treasuries and gold all consolidating, waiti...Read More
Iron ore prices rebounded on Friday September 18 amid active trading in the seaborne market and in ports, while low-grade fines performed well on solid demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $124.90 per tonne, up $2.54 per tonne62% Fe low-alumina fines, cfr Qingdao: $125.02 per tonne, up $2.43 per tonne58% Fe fines high-grade premium, cfr Qingdao: $115.46 per tonne, up $3.18...Read More
Key data from the pricing session in London on Friday September 18. Key drivers Sellers were reluctant to offer below $175 per kg and some deals were achieved at the top of end of the new range, pushing the assessment to its highest in 18 months. Chinese price rises had driven the European assessment up since early September, but domestic Chinese suppliers reduced their offer pric...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 transparency into the markets it covers and the pricing process...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 transparency into the markets it covers and the...Read More
Cobalt hydroxide prices and payables continued to firm last week as suppliers successfully held out for higher numbers amid optimism derived from China's State Reserve Bureau (SRB) stockpiling drive, and interest from consumers and the trade to restock.Fastmarkets' cobalt hydroxide index, 30% min Co, cif China was calculated at $11.94 per lb on Friday September 18, up 0.7% from $11.86 per lb on Se...Read More
Key data from the pricing session in the Shanghai on Friday September 18.Key drivers China's bismuth market weakens amid low buying interest; more participants have withdrawn from the market and are choosing to wait and see how prices will perform, while only demand from downstream industries remains stable. Producers continue to hold...Read More
Seaborne prices for both low- and high-grade manganese ore in China edged down in the week to Friday September 18 due to weakening sentiment caused by falling portside ore and futures alloy prices. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.29 per dry metric tonne unit (dmtu) on September 18, down by 3 cents, or 0.7%, from $4.32 per dmtu a week ago. The corresponding ma...Read More
Portside prices for both low and high grades of manganese ore in China ticked downward in the week ended Friday September 18 after some ore traders lowered their offer prices to attract sales when the number of inquiries from domestic alloy smelters failed to meet expectations, market sources have told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China...Read More
Fastmarkets proposes to discontinue the publication of its trade logs for two Chinese fob vanadium price assessments. The proposal has been put forward based on the fact that the spot liquidity in China's vanadium export market has reduced after exporters have turned away from the overseas market due to higher domestic prices. The publication of the following two trade logs will cease from October...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in China.Note: European vanadium assessments are now published in a separate trade log. To view the latest price assessments, follow the links below: - Ferro-vanadium 78% V min, fob China, $/kg V - Vanadium pentoxide 98% V2O5 min, fob China, $/lb V2O5 Thursday September 17 Ferro-vanadium -...Read More
Base metals prices on the London Metal Exchange have rebounded this morning, Tuesday September 22, after weakness in equities on Monday dragged them lower.At the time of our Morning View report on Monday, the LME metals were up by an average of 0.2%, but they ended the day down by an average of 1.6% after concerns escalated about second waves of Covid-19 spreading across Europe.But an across-the-b...Read More
CDW Corp (CDW), a NASDAQ 100 stock moved below $108.27 setting an intermediate downtrend.Pre-opening Comments for Tuesday September 22ndU.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Amazon added $59.53 to $3,020.00 after Bernstein upgraded the stock from Market Perform to Outperform. Target was raised to $3,400.00AutoZone advanced $5...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More