Seaborne iron ore prices fell on Thursday September 9 amid inspections by authorities in Jiangsu province, which may have prompted weakness in iron ore demand, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $130.26 per tonne, down $1.93 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.92 per tonne, down $2.37 per tonne58% Fe fines high-grade premium, cfr Qingdao: $104.92 p...Read More
Sellers of Japanese scrap have closed deals to both Bangladesh and Vietnam at lower prices, market participants told Fastmarkets on Thursday September 9.Japan sells cargoes to Vietnam, BangladeshTaiwan containerized scrap prices steadyChina's bids edge upward amid futures gainsJapanThe September Kanto Tetsugen auction was concluded for Japanese H2 scrap on Thursday morning at an average of ?46,26...Read More
Sellers of Japanese scrap have closed deals to both Bangladesh and Vietnam at lower prices, market participants told Fastmarkets on Thursday September 9.Japan sells cargoes to Vietnam, BangladeshTaiwan containerized scrap prices steadyChina's bids edge upward amid futures gainsJapanThe September Kanto Tetsugen auction was concluded for Japanese H2 scrap on Thursday morning at an average of ?46,26...Read More
Base metals prices on the London Metal Exchange were up across the board on Thursday September 9, supported by the lower dollar index.The three-month aluminium contract continued its surge during Thursday's trading, closing above $2,800 per tonne for the first time since 2008. The three-month price finished the session up by 1.6% at $2,839.50 per tonne after reaching an intraday high of $2,848 per...Read More
Chinese cobalt tetroxide prices moved up on improved demand from downstream consumers in the first half of this week, with most producers raising their offers, sources told Fastmarkets on Wednesday September 8.Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China narrowed up to 275,000-285,000 yuan ($42,568-44,116) per tonne on September 8, from 270,000-285,000 yuan per...Read More
Base metals prices on the London Metal Exchange were up across the board on Thursday September 9, supported by the lower dollar index.The three-month aluminium contract continued its surge during Thursday's trading, closing above $2,800 per tonne for the first time since 2008. The three-month price finished the session up by 1.6% at $2,839.50 per tonne after reaching an intraday high of $2,848 per...Read More
Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for the port operator told Fastmarkets on Thursday September 9.From September 7-9, around 140,000 tonnes of steel products and fertilizers were prevented from reaching customers, th...Read More
China's domestic rebar prices increased sharply on Thursday September 9 after the news that Jiangsu will restrict steel production in the remaining months of this year.DomesticEastern China (Shanghai): 5,410-5,440 yuan ($837-842) per tonne, up by 90-110 yuan per tonne.Jiangsu province will be conducting decarbonization compliance inspections of local enterprises with high energy consumption and em...Read More
Alumina prices soared over 10% on Thursday September 9 to their highest since April 2019 due to increased spot market tightness.Fastmarkets' alumina index, fob Australia, was published at $380.61 per tonne on Thursday, up by 13% from the previous day when the index was just $336.76 per tonne.A deal was concluded at $381.10 per tonne on a fob Western Australia basis for 30,000 tonnes and October lo...Read More
The import market for China's pig iron weakened during August 26 to September 9 in transactions for Brazilian cargoes, according to sources.Around 100,000 tonnes of basic pig iron were sold from Brazil to China on Thursday September 2 at $535-540 per tonne cfr China, sources said.Fastmarkets' fortnightly assessment for the price of pig iron, import, cfr China was at $535-540 per tonne on Thur...Read More
Turkish steelmakers remained silent in the deep-sea scrap import market, due to only achieving limited finished long steel sales, sources told Fastmarkets on Thursday September 9.The most recent trades were heard on Tuesday, when three steel producers booked four deep-sea cargoes from various locations at between $435 and $445 per tonne cfr on HMS 1&2 (80:20) basis.However, the mills went quiet on...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
Chinese cobalt tetroxide prices moved up on improved demand from downstream consumers in the first half of this week, with most producers raising their offers, sources told Fastmarkets on Wednesday September 8.Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China narrowed up to 275,000-285,000 yuan ($42,568-44,116) per tonne on September 8, from 270,000-285,000 yuan per...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
CIS steel billet export prices remained firm on Thursday September 9, supported by surging demand in China, sources told Fastmarkets.Chinese interest in imported billet increased over the past week, along with indications of workable prices from customers, on the expectation that further domestic production cuts will be imposed in China at the start of next year.And CIS billet producers were looki...Read More
Alumina prices soared over 10% on Thursday September 9 to their highest since April 2019 due to increased spot market tightness.Fastmarkets' alumina index, fob Australia, was published at $380.61 per tonne on Thursday, up by 13% from the previous day when the index was just $336.76 per tonne.A deal was concluded at $381.10 per tonne on a fob Western Australia basis for 30,000 tonnes and October lo...Read More
Base metals prices were higher on the London Metal Exchange but mixed on the Shanghai Futures Exchange this morning, Thursday September 9, but equity markets in Asia-Pacific were weaker with participants once again nervous about possible central bank tapering. Market participants focused on whether the European Central Bank (ECB) will signal it is ready to start tapering - the ECB meets today Bet...Read More
Base metals prices on the London Metal Exchange were up across the board on Thursday September 9, supported by the lower dollar index.The three-month aluminium contract continued its surge during Thursday's trading, closing above $2,800 per tonne for the first time since 2008. The three-month price finished the session up by 1.6% at $2,839.50 per tonne after reaching an intraday high of $2,848 per...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
The import market for China's pig iron weakened during August 26 to September 9 in transactions for Brazilian cargoes, according to sources.Around 100,000 tonnes of basic pig iron were sold from Brazil to China on Thursday September 2 at $535-540 per tonne cfr China, sources said.Fastmarkets' fortnightly assessment for the price of pig iron, import, cfr China was at $535-540 per tonne on Thur...Read More