In the absence of any dominant themes at present the base metals and broader markets were mixed this morning, Friday September 11, but prices were generally on the back foot following the emergence of some weakness in recent days, especially in US tech shares. Asian-Pacific equities and pre-market major western equity index futures were mixed following another down day in US equities on Thursday....Read More
An overview of the battery raw materials markets and their latest price moves.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
Chinese domestic battery-grade lithium carbonate producers kept their prices firm in the week ended Thursday September 10, with most customers maintaining a wait-and-see attitude, while the market in the rest of the world was flat.Sentiment in China's battery-grade lithium carbonate market was still bullish with offering prices remaining firm.Industrial-grade carbonate prices in China were slightl...Read More
Flat-rolled steel import prices in South America mostly continued to rise in the week to Friday September 11, with both deals and new offers being reported at higher levels, supported by recovering demand and lower availability from mills, market participants said.More restricted export allocations from China, Japan and Brazil, as well as gradual restarts in activity on the continent, were still d...Read More
Indian mills were receiving significantly lower bids for their exports of hot-rolled coil with Chinese mills having cut their HRC export prices, Fastmarkets heard on Friday September 11."Chinese mills have dropped their HRC export offers, particularly for Southeast Asian destinations," one market participant said. "Indian mills will have to drastically cut their offer prices to stay relevant in th...Read More
The mood in the Northern European market for hot-rolled coil remained upbeat on Friday September 11, supported by reduced output from domestic mills, long lead times and the absence of "workable" import offers, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.01 ($563.46) per tonne on September 11, down by ?,?0.14...Read More
Domestic steel rebar prices in Poland remained fairly stable week on week on September 11, while producers considered new hikes for October bookings on steady demand and bullish scrap, sources told Fastmarkets on Friday.Rebar prices in Poland have stabilized after an increase last week, leaving Fastmarkets' latest price assessment for steel reinforcing bar (rebar), domestic, exw Poland at 1,920-1,...Read More
Rebar prices in eastern China were unchanged on Friday September 11 compared with a day earlier amid futures strength and declining billet prices.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($537-540) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,630-3,660 yuan per tonne, down by 30 yuan per tonneRebar futures rose amid support from higher production costs and market par...Read More
Steelmaking margins at Bangladeshi mills have come under pressure after a decline in steel prices combined with further price increases for imported scrap over the last week, sources told Fastmarkets.Scrap prices continued to rise in the South Asian country due to a strengthening of the United States' domestic scrap markets, which made sellers more reluctant to offer cargoes for export. Run rates...Read More
Turkish steel mills stepped out of the market for imports of steel scrap in recent days following a spate of buying in the first half of the week to Friday September 11, while scrap prices in Southeast and East Asia have continued their climb.Turkey goes quiet after latest seven-cargo buying spreeUS export markets inch up following Turkish dealsVietnamese scrap prices increase after Japan auction...Read More
The UK market for deliveries of steel scrap to domestic consumers has risen in September, adding ?10 ($13) per tonne to the earlier ?15 per tonne rise in August, with major shredders competing for scarcer material with smaller scrap suppliers, industry sources said this week.Moreover, a steady rate of export business to deep-sea destinations such as Turkey and the Indian sub-continent has also h...Read More
Export pig iron prices from Brazil went up again during the week to Friday September 11 on new sales.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $360-370 per tonne on Friday, up by $10 per tonne from $350-360 per tonne one week earlier. ...Read More
Export prices for Brazil-origin steel slab have widened upward in the past week with offers continuing to increase and material remaining scarce, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, widened upward to $440-460 per tonne on Friday September 11, from $440-450 per tonne a week earlier.Offers of Brazilian slab were heard mainly in Nor...Read More
Rebar prices in eastern China were unchanged on Friday September 11 compared with a day earlier amid futures strength and declining billet prices.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($537-540) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,630-3,660 yuan per tonne, down by 30 yuan per tonneRebar futures rose amid support from higher production costs and market par...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 11.China The upward momentum in the domestic market continued for a third week, with prices moving up by 100 yuan ($15) per tonne amid buoyant sentiment after major steel mills raised their tender prices. Hesteel set its September tender price for 72% ferro-silicon at 6,050 yuan...Read More
Brazilian ferrous scrap exports fell both year on year and month on month in August while suppliers shifted their focus to the domestic market, data published this week by the country's ministry of the economy shows.Scrap exports reached 55,377 tonnes in August, a 19.7% year-on-year decrease from 69,000 tonnes in 2019 and a 27.6% drop in comparison with 79,460 tonnes in July of this year.The count...Read More
Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by 2023.Several sources have reported that the major mill had scheduled a two-week maintenance for its 2-million-tonnes-per-year hot-rolling mill in October. They estimated that this...Read More
Despite broad stability in global zinc premiums this week, and a sharp drop in the metal's three-month price on the London Metal Exchange, an opening of the import arbitrage window for material delivered into China sparked expectations for improved demand in the region.Zinc markets in the United States and Europe were also generally stagnant this week, while a steady recovery in the US economy fue...Read More
Flat-rolled steel import prices in South America mostly continued to rise in the week to Friday September 11, with both deals and new offers being reported at higher levels, supported by recovering demand and lower availability from mills, market participants said.More restricted export allocations from China, Japan and Brazil, as well as gradual restarts in activity on the continent, were still d...Read More