The latest data for the global manganese ore market for the week ended September 14, 2020.Read More
Prices for ammonium paratungstate (APT) in both Europe and the United States went up for the second consecutive week in the seven days to Friday September 11, while sentiment in China also improved with buyers returning to the market after an extended summer break.Fastmarkets' price for tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore, duty-free, was last assessed at $220-225 per mtu WO3 o...Read More
Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More
China's reserve authority has finally approved fresh stockpiling of cobalt metal, casting some hope for the pandemic-weathered market, especially for cut cathode amid aerospace negativity. In the evening of Wednesday September 9, Chinese cobalt producers successively received invitations from the country's State Reserve Bureau (SRB) informing them to collect the tender document the next day -...Read More
Domestic prices for ferrous scrap in Italy have increased month on month in September, with prices moving in line with international market trends, sources told Fastmarkets on Monday September 14.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was ?,?220-240 ($261-284) per tonne on September 14, up by ?,?10-15 per tonne month on mont...Read More
Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More
Turkish steel producers skipped the first working day of the week with no deep-sea bookings amid firm offers, sources said on Monday September 14. Mills in Turkey booked seven deep-sea cargoes, totalling around 230,000 tonnes early last week before withdrawing from the market on Thursday. The latest bookings put the scrap import prices into Turkey at $301 per tonne cfr on HMS 1&2 (80:20) basis. Ho...Read More
Base metals prices and equity markets were for the most part firmer on Monday September 14, and the common theme seems to be higher hopes for Covid-19 vaccines. Pharmaceutical company AstraZeneca said it has resumed phase three clinical trials, China stated that it was close to a viable vaccine too and drugmaker Pfizer said a vaccine could be distributed in the United States by the end of the year...Read More
China's reserve authority has finally approved fresh stockpiling of cobalt metal, casting some hope for the pandemic-weathered market, especially for cut cathode amid aerospace negativity. In the evening of Wednesday September 9, Chinese cobalt producers successively received invitations from the country's State Reserve Bureau (SRB) informing them to collect the tender document the next day -...Read More
Key data from the Friday September 11 pricing session in London and Shanghai.Key drivers Range for cobalt hydroxide payables widened in the second half of last week, after business was concluded at both ends of the latest range; the midpoint of the range moved up slightly, however, with suppliers managing to achieve...Read More
China's nickel sulfate price was unchanged on Friday September 11, snapping a run of seven straight weeks of gains.Fastmarkets assessed the price of nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 27,000-28,000 yuan ($3,949- 4,096) per tonne on Friday, flat from a week prior. There was limited trading activity over the past week, but a lack of spot supply helped support the mark...Read More
Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More
Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on Monday September 14.While most market participants expected increases in the range of 10-13% for October, some have reported price increases of 15%. The latest price changes add to a series of rises that started in July...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Monday September 14, although steelmakers were continuing to seek higher prices, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.45 ($564.32) per tonne on Monday, up by ?,?0.44 per tonne from ?,?476.01 per tonne on September 11.The...Read More
Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More
Steel rebar producers in Egypt have increased their prices with effect from Monday September 14, Fastmarkets has learnt.The country's biggest producer, Ezz Steel, was now offering rebar at E ?10,100 ($640) per tonne ex-works including 14% VAT. This was up from E ?9,750 per tonne ex-works including VAT. ...Read More
China's domestic rebar prices moved up slightly on Monday September 14 to track movements in the billet market, but the increases failed to stimulate much demand. DomesticEastern China (Shanghai): 3,700-3,720 yuan ($542-545) per tonne, up by 20 yuan per tonneBillet prices in Tangshan rose over the weekend on active buying, which led to those for rebar following suit on Monday.But rain and a weak f...Read More
Domestic prices for ferrous scrap in Italy have increased month on month in September, with prices moving in line with international market trends, sources told Fastmarkets on Monday September 14.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was ?,?220-240 ($261-284) per tonne on September 14, up by ?,?10-15 per tonne month on mont...Read More
Iron ore prices gained again on Monday September 14, with market sources expecting mills to replenish their iron ore inventory before the Golden Week holiday in October in China, which resulted in active trading at ports and a rise in prices.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $130.17 per tonne, up $1.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.22 per tonne, up...Read More
Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More