Wait times to deliver aluminium out of London Metal Exchange warehouses in Johor and Port Klang, Malaysia fell during August to a 47-day delivery wait time for copper, zinc and lead in Johor by the end of the month, according to the LME's latest report. The 47-day queue at Johor's Istim warehouses is down from 78 days for aluminium deliveries out of the warehouse in July.For zinc, copper and lead...Read More
Premium hard coking coal prices jumped on Friday September 10, with offers rising to $335 per tonne fob Australia, and market sources blaming tight supply for the increase.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $480.65 per tonne, up by $4.17 per tonneHard coking coal, cfr Jingtang: $444.04 per tonne, up by $1.76 per tonnePremium hard coking coal, fob DBCT: $333.12 per tonne, up...Read More
Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.Turkey scrap prices stable after raft of deep-sea bookingsUnited States scrap export prices still in decline Vietnamese import interest renewed amid higher Chinese...Read More
A bullish mood overtook the London Metal Exchange decisively on Friday September 10, with zinc, aluminium and nickel setting new year-to-date highs on a day that also saw copper volumes exceed 20,000 lots for the first time in three weeks.Aluminium's three-month price set a new 2021 peak of $2,937 per tonne, rising by 3.4% from Thursday's closing price and by 5.9% since the start of the week, when...Read More
A bullish mood overtook the London Metal Exchange decisively on Friday September 10, with zinc, aluminium and nickel setting new year-to-date highs on a day that also saw copper volumes exceed 20,000 lots for the first time in three weeks.Aluminium's three-month price set a new 2021 peak of $2,937 per tonne, rising by 3.4% from Thursday's closing price and by 5.9% since the start of the week, when...Read More
Battery-grade lithium hydroxide prices in Asia accelerated higher in the week ended Thursday September 9, while lithium carbonate prices were left playing catch-up.Chinese lithium prices extend gains amid tight supply.Lithium prices in Seaborne Asian market once again track the strength in China...... as do prices in Europe and the United States after spot activity picks up.Lithium prices in China...Read More
Activities at the S??o Francisco do Sul port, in Brazil's southern Santa Catarina state, resumed after a truckers' road blockade prevented normal operations during this past week, a spokesperson for the port's operator told Fastmarkets on Friday September 10.According to a report from the country's infrastructure ministry, blockades ended entirely on Friday. Demonstrations that broke out across Br...Read More
Sentiment in the European hot-rolled coil market was becoming increasingly gloomy, reflecting the deterioration in demand from the automotive sector, and with prices in the north of the region sliding on Friday September 10, sources have told Fastmarkets.The automotive sector in Europe was reported to be working at reduced rates because of the global shortage of semiconductor chips for onboard ele...Read More
Domestic hot-rolled coil prices in China increased further on Friday September 10, hitting their highest levels since the start of August, with the expectations of tougher curbs on production supporting market sentiment.DomesticEastern China (Shanghai): 5,850-5,920 yuan ($909-920) per tonne, up by 30-50 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,780-5,830 yuan ($898-906) per ton...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
Fastmarkets' Ferrous Analytics report helps subscribers...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda, Dalila Ouerghi...Read More
The light-iron scrap market in the United Kingdom was steady during the week to Friday September 10, stabilizing losses from the week prior on persistent tight availability, despite slower export markets to deep-sea destinations, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant, UK was ?170-185 ($235-255) per tonne...Read More
Smelter-grade aluminium scrap prices in the United States rose week on week in the wake of an upswing in futures prices on the London Metal Exchange and reports of increased export activity.This pushed Fastmarkets' assessment for aluminum scrap mixed low copper clips, buying price, delivered Midwest secondary smelters up by 2 cents per lb to a range of 74-77 cents per lb on Thursday September...Read More
Brazil's pig iron export market rebounded during the week ended Friday September 10 on active sales to the United States and China, sources told Fastmarkets.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $475-500 per tonne on Friday, widening upward from $475-485 per tonne a week earlier.A sale of pig iron was done to the US at $480 per tonne early during the week...Read More
An overview of the consumer electronics markets and their latest price moves.Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
Raw material costs drove aluminium primary foundry alloy (PFA) premiums higher in Europe on Friday September 10, while the premium in the United States was flat.EuropeFastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at a fresh all-time high of $550-620 per tonne on Friday from $510-550 per tonne on August 13.Fastmarkets also assessed the monthly alumin...Read More
Chinese buyers purchased several hundred thousand tonnes of import steel billet cargoes at rising prices during the week to Friday September 10, amid support from tighter production restrictions in the country, sources told Fastmarkets.Deal prices for 3sp billet imported to China reached $705 per tonne cfr by Tuesday and continued rising through the latter part of the week.Fastmarkets' price asses...Read More
The zinc concentrate market remained broadly stable in the fortnight to Friday September 10, with smelters and traders reporting a quiet period but also a continued uptrend on treatment charges since August.Zinc spot concentrate TC, cif China was assessed at $75-92 per tonne on Friday, with the top end of the range rising by $2 since August 27.Smelters had reserved enough concentrate for the...Read More