Base Metal Stock Articles

IN CASE YOU MISSED IT: 5 key stories from August 30

August 31, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday August 30 that are worth another look.Spot prices for steel rebar imports into Singapore continued their downward trend in the week to August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.Read More

China's nickel sulfate price retreats from all-time high

August 31, 2021 / Staff reporter

China's nickel sulfate price slid from its all-time high amid active spot trading in the week to Friday August 27, with easing raw material tightness and volatile nickel prices on the London Metal Exchange said to have driven the decrease.Fastmarkets assessed the price for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 36,500-38,000 yuan ($5,639-5,871) per tonne on August 27, d...Read More

IRON ORE DAILY: Seaborne prices fall amid concerns about further steel production cut

August 31, 2021 / Staff reporter

Seaborne iron ore prices decreased on Monday August 30 due to China's potentially stricter steel production cuts by the end of November, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $156.66 per tonne, down by $0.89 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.19 per tonne, down $0.65 per tonne58% Fe fines high-grade premium, cfr Qingdao: $125.81 per tonne, down $0.69...Read More

IN CASE YOU MISSED IT: 5 key stories from August 30

August 31, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday August 30 that are worth another look.Spot prices for steel rebar imports into Singapore continued their downward trend in the week to August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.Read More

CHINA HRC: Domestic prices rise on news of production cuts

August 31, 2021 / Staff reporter

Hot-rolled coil (HRC) prices in China's domestic market rose sharply on Monday August 30; news of production curbs raised futures prices to their highest in more than a week.DomesticEastern China (Shanghai): 5,720-5,750 yuan ($884-888) per tonne, up by 70-120 yuan per tonne.The most-traded HRC contract on the Shanghai Futures Exchange hit an intraday high of 5,654 yuan per tonne in early afte...Read More

China's magnesium price surges amid higher production costs and supply shortage

August 31, 2021 / Staff reporter

The magnesium branch of China Nonferrous Metals Industry Association (CNIA) published a proposal on August 27 calling for the healthy development of the magnesium industry. This came amid surging metal prices.Fastmarkets' weekly price assessment for magnesium, 99.9%, exw China, was 25,000-26,000 yuan ($3,862-4,017) per tonne on Friday August 27, an increase of 2,800-3,600 yuan per tonne or 14.3% f...Read More

China's SiMn futures prices surge with Guangxi poised to crack down on 'Two High' projects

August 31, 2021 / Staff reporter

Silico-manganese futures prices in China surged on Monday August 30 after market sentiment was bolstered by expected supply disruptions in Guangxi province, one of the main manganese alloy production regions in the country. The government of China's Guangxi province is poised to crack down on the "blind development" of its high energy-consuming and high-pollution (Two High) projects to ensure comp...Read More

COKING COAL DAILY: Prices gain largely on tight supply

August 31, 2021 / Staff reporter

Seaborne coking coal prices increased on Monday August 30, largely due to tight supply, sources said. Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $414.55 per tonne, up by $6.04 per tonneHard coking coal, cfr Jingtang: $390.21 per tonne, up by $4.54 per tonnePremium hard coking coal, fob DBCT: $251.25 per tonne,up $2.35 per tonneHard coking coal, fob DBCT: $210.73...Read More

China's magnesium price surges amid higher production costs and supply shortage

August 31, 2021 / Staff reporter

The magnesium branch of China Nonferrous Metals Industry Association (CNIA) published a proposal on August 27 calling for the healthy development of the magnesium industry. This came amid surging metal prices.Fastmarkets' weekly price assessment for magnesium, 99.9%, exw China, was 25,000-26,000 yuan ($3,862-4,017) per tonne on Friday August 27, an increase of 2,800-3,600 yuan per tonne or 14.3% f...Read More

IRON ORE DAILY: Seaborne prices fall amid concerns about further steel production cut

August 31, 2021 / Staff reporter

Seaborne iron ore prices decreased on Monday August 30 due to China's potentially stricter steel production cuts by the end of November, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $156.66 per tonne, down by $0.89 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.19 per tonne, down $0.65 per tonne58% Fe fines high-grade premium, cfr Qingdao: $125.81 per tonne, down $0.69...Read More

China's nickel sulfate price retreats from all-time high

August 31, 2021 / Staff reporter

China's nickel sulfate price slid from its all-time high amid active spot trading in the week to Friday August 27, with easing raw material tightness and volatile nickel prices on the London Metal Exchange said to have driven the decrease.Fastmarkets assessed the price for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 36,500-38,000 yuan ($5,639-5,871) per tonne on August 27, d...Read More

Mexico extends countervailing duty on US welded pipe; starts anti-dumping probe on Vietnamese coated steel

August 31, 2021 / Staff reporter

The Mexican economy secretariat has extended the period of an existing countervailing duty on imports of longitudinal welded carbon steel pipes from the Unites States, and has started an anti-dumping investigation on flat-steel imports from Vietnam.Mexico has extended the duty on welded steel tubes from US for five years starting on May 28, 2020, according to a decision published in the country's...Read More

Mexico extends countervailing duty on US welded pipe; starts anti-dumping probe on Vietnamese coated steel

August 31, 2021 / Staff reporter

The Mexican economy secretariat has extended the period of an existing countervailing duty on imports of longitudinal welded carbon steel pipes from the Unites States, and has started an anti-dumping investigation on flat-steel imports from Vietnam.Mexico has extended the duty on welded steel tubes from US for five years starting on May 28, 2020, according to a decision published in the country's...Read More

CHINA HRC: Domestic prices rise on news of production cuts

August 31, 2021 / Staff reporter

Hot-rolled coil (HRC) prices in China's domestic market rose sharply on Monday August 30; news of production curbs raised futures prices to their highest in more than a week.DomesticEastern China (Shanghai): 5,720-5,750 yuan ($884-888) per tonne, up by 70-120 yuan per tonne.The most-traded HRC contract on the Shanghai Futures Exchange hit an intraday high of 5,654 yuan per tonne in early afte...Read More

IN CASE YOU MISSED IT: 5 key stories from August 30

August 31, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday August 30 that are worth another look.Spot prices for steel rebar imports into Singapore continued their downward trend in the week to August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.Read More

Singapore rebar import prices continue to fall on distressed cargoes, low buying interest

August 31, 2021 / Staff reporter

Spot prices for steel rebar imports into Singapore continued their downward trend in the week to Monday August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.A trader had cut his offers for Indian rebar to $725-730 per tonne cfr Singapore on a theoretical weight basis. Market sources said buyers remained silent due to the presen...Read More

AT A GLANCE: Tianqi Lithium's revenue climbs 25% year-on-year in H1 2021

August 31, 2021 / Staff reporter

A summary of Chinese lithium producer Tianqi Lithium's financial results for the six months ended June 30, 2021, as released by the company on Monday August 30.In briefRevenue for the first half of 2021 totalled 2.35 billion yuan ($363.22 million), up by 25.13% year on...Read More

Codelco signs early deal with two workers' unions at El Teniente mine

August 31, 2021 / Staff reporter

Chilean copper producer Codelco signed early labor deals valid until October 2024 with two trade unions representing workers at its El Teniente division, the state-owned company said on Saturday August 28.Unions representing workers at El Teniente mine and the Caletones smelter joined the No5 union at El Teniente, which had signed a deal a week prior, Codelco said. Existing labor contracts were du...Read More

Brazil's CBA acquires stake in wind farms to supply aluminium output

August 31, 2021 / Staff reporter

Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) acquired a 49% stake in two wind power generation assets from a joint venture by sister company Votorantim Energia and the Canada Pension Plan Investment Board (CPP Investments) for 59.56 million Reais ($11.4 million), the company said on Monday August 30.The two units are a part of the Ventos do Piau?- I and II complex, located...Read More

MANGANESE ORE ANALYTICS: August 30, 2021

August 31, 2021 / Staff reporter

The latest data for the global manganese ore market for the week ended August 30, 2021.Read More

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