Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 17.China Both the domestic and export markets in China rose to record highs on Wednesday. The domestic price was first assessed by Fastmarkets in 2006 and the export market in 1997.Continuing supply shortages fueled a two-month domestic price rally, amid bullish futures and lingering supply conce...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
China's nickel pig iron (NPI) prices held steady in the week to Friday September 17 amid nationwide production cuts while those for nickel ore surged amid increased freight and tight supply.Fastmarkets price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,430-1,450 yuan ($222-225) per nickel unit on Friday, unchanged from a week earlier.Prices have been unchang...Read More
South Korean battery manufacturer LG Energy Solution (LGES) has agreed to buy a 4.8% stake in China's Greatpower Nickel & Cobalt Materials Co for 35 billion Won ($29.72 million), the Chinese battery materials producer said on Friday September 17. In addition, two parties have signed a supply contract for six years, which entails Greatpower supplying a total of 20,000 tonnes of nickel sulfate to th...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.Broader markets were quiet but firmer heading into the weekend and China's Mid-Autumn Festival holiday takes place on Monday and TuesdayBase metalsThree-month b...Read More
Prices for shredded steel scrap imports into Pakistan erased gains made in the previous week on Friday September 17, while Indian scrap remained rangebound, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $526.91 per tonne on Friday September 17, down from$530.42 per tonne on September 10, erasing the gains m...Read More
Lithium carbonate prices in China were at parity with those for hydroxide in the week ended Thursday September 16 amid lingering spot tightness for both battery-grade and technical-grade carbonate.Lithium prices in China's domestic market continue to make strong gains on tight spot availability, rising spot spodumene price.Spot supply constraints allow seaborne Asian lithium market to track the up...Read More
Global scrap prices diverged in the week to Friday September 17, with the Asian and US scrap markets reporting gains, while Turkey tried to recover the previous weeks' losses in its most recent purchases.Turkish mills book handful of cargoesRecent cargoes see higher export prices on US marketVietnam prices jump on higher export ordersChinese scrap prices dip on winter pollution controlsTaiwan scra...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
China is putting more cities in the northern region under its air pollution controls to reduce emissions during the upcoming winter.Cities in northern Hebei, northern Shanxi, eastern and southern Shandong and southern Henan will join the fight against smog, bringing the total number of cities affected to approximately 64, according to a draft policy plan released by the Ministry of Ecology and Env...Read More
Indian hot rolled coil export prices slumped by $65 per tonne at the top end of the range on Friday September 17, on lower-priced bookings to Vietnam, sources told Fastmarkets.Fastmarkets' price assessment for steel hot-rolled coil (commodity) export, fob main port India was $840-845 per tonne on Friday, down by $5-65 per...Read More
Senior executives from 17 companies and industry association European Aluminium have called on the European Commission (EC) to move forward with anti-dumping duties on aluminium flat-rolled products (FRP) imports from China. In a letter sent on Wednesday September 15, the signatories said that planned definitive anti-dumping duties on Chinese FRP are balanced, fair and critical to the survival of...Read More
Base metals price movements on the London Metal Exchange were mixed on Friday September 17 following a week marked by volatility, with copper, nickel and lead down, the last-named having been under selling pressure for most of the past five days.Nickel's three-month price reached $20,245 per tonne on Friday, while its volumes were at their highest since the start of the week, with more than 11,400...Read More
Steel billet exporters are finding resistance in making sales to the Chinese market at higher prices over recent days following another barrage of bookings at the start of the week, market participants told Fastmarkets on Friday September 17.Several hundred thousand tonnes of imported billet were heard sold to China through the weekend and into the beginning of the week before activity paused on T...Read More
The upward trend in China's domestic rebar prices came to an end on Friday September 17, mainly due to a drop in demand for replenishment stocks, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,580-5,620 yuan ($865-871) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,300-5,340 yuan per tonne, up by 50-60 yuan per tonneEnd-user demand in eastern China was stable on Fr...Read More
Seaborne iron ore prices dropped further on Friday September 17 after more cities in northern China said that they would implement production restrictions in winter, sources have told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $101.95 per tonne, down by $5.26 per tonne62% Fe low-alumina fines, cfr Qingdao: $103.95 per tonne, down by $4.21 per tonne58% Fe fines high-grade pr...Read More
Base metals price movements on the London Metal Exchange were mixed on Friday September 17 following a week marked by volatility, with copper, nickel and lead down, the last-named having been under selling pressure for most of the past five days.Nickel's three-month price reached $20,245 per tonne on Friday, while its volumes were at their highest since the start of the week, with more than 11,400...Read More
Brazil-based metals producer Nexa Resources will shift its chain of command next year, with Ignacio Rosado to take the role of chief executive officer, it said on Thursday September 17.Rosado, former CEO at Peruvian miner Volcan, will join the company on November 1 and start the transition to substitute Tito Martins as Nexa's top executive on January 1, 2022.According to the company, Rosado has mo...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More