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 hot-rolled coil prices gained in the domestic market on Monday September 14, but some exporters signed deals to Vietnam at prices below market averages.DomesticEastern China (Shanghai): 3,920-3,940 yuan ($574-577) yuan per tonne, up 20-30 yuan per tonnePrices in Shanghai gained from Friday, following futures gains, but trading activity was merely moderate, sources told Fastmarket...Read More
Tight regional supply of hot-rolled coil, as well as Vietnamese steelmaker Formosa Ha Tinh Steel Corp's increase in November-shipment offers, continued to boost import prices in Vietnam in the past week.Market sources said there were limited materials in the spot market because at least two major Indian steel mills had withdrawn offers in anticipation of more improvements in India's domestic marke...Read More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
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
Turkish domestic auto bundle scrap prices moved up slightly on Monday September 14 on the weakening lira, while ship scrap prices were largely stable, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 2,040-2,270 lira ($273-304) per tonne on Monday, up from 2,040-2,225 lira per tonne a week earlier.The movement in the a...Read More
A correction has been issued for this article.The...Read More
Seaborne premium hard coking coal prices dipped on Monday September 14 due to lack of transactions after contradictory views on current market levels emerged. However, hard coking coal indices in the fob and the cfr markets rose mildly following previous price rises in premium hard coking coal in both markets. Fastmarkets indices Premium hard coking coal, fob DBCT: $113.23 per tonne, down $0.15 pe...Read More
Import prices for rebar in Singapore continued to rise in the week to Monday September 14 on costlier raw materials, market sources told Fastmarkets.Higher prices for ferrous scrap and iron ore have caused sellers to raise their offers in turn. Sources said there is little chance of steel mills giving substantial discounts to buyers in Asia.Turkish and Indian rebar was offered at $485 per tonne cf...Read More
Three-month base metals prices on the LME consolidated higher in morning trading on Monday September 14, while the fresh cancellation of some 41,325 tonnes failed to push aluminium futures above nearby resistance at $1,800 per tonne. Aluminium's outright price on the London Metal Exchange was recently trading at $1,785.50 per tonne on Monday morning, topping the complex but up by just 0...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
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 pricing process it applies. Fastmarkets...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 it applies. Fastmarkets...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
China's bismuth price was unchanged in an inactive spot market last week, with cargo holders maintaining firm offers and selling cautiously.Fastmarkets' weekly price assessment for bismuth 99.99% Bi min, in-whs China, was at 41,000-42,500 yuan ($5,997-6,216) per tonne on Friday September 11, unchanged since August 28.The price reached its current level late last month after rising continuously sin...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
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
Seaborne prices for low-grade manganese ore in China continued to rise in the week to Friday September 11, after deals for more volumes of October-delivery cargoes were concluded at higher prices than September shipments, sources told Fastmarkets.The increase marked the second consecutive week of rising prices.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, was $4.32 per dry metric tonne un...Read More
Nickel briquette premiums in the United States have declined to their lowest level since Fastmarkets began tracking that form two and a half years ago, and are now less than half of their original value. The latest decline comes mostly because some producers are selling at any price in an attempt to make their third-quarter results look better before the September 30 deadline, multiple market sour...Read More
Base metals prices were for the most part firmer this morning, Tuesday September 15, supported by some good Chinese economic data.* China’s industrial production climbed by 5.6% year on year in August, after a 4.8% rise in July, while retail sales rose by 0.5% year on year in August, after a 1.1% fall in July.* Asian-Pacific equities were mixed, however, with gains in China, Hong Kong and Sou...Read More