Base metals prices on the London Metal Exchange were mainly firmer on the morning of Tuesday August 31, while those on the Shanghai Futures Exchange were more mixed.This comes despite the release of some weaker than expected Chinese manufacturing numbers. The US Dollar Index was, however, weaker.* China’s manufacturing purchasing managers index (PMI) fell to 50.1 in August, after registering...Read More
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
Prices for seaborne iron ore concentrate and pellet fell in the week ended Friday August 27 amid thin liquidity driven by weak demand, market sources said.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $34.30 per tonne, down $0.20 per tonne66% Fe concentrate, cfr Qingdao: $165.97 per tonne, down $4.02 per tonne65% Fe blast furnace pellet, cfr Qingdao: $198.14 per tonne, d...Read More
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
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
China's domestic rebar prices increased on Monday August 30 supported by stronger demand and futures gains.DomesticEastern China (Shanghai): 5,230-5,260 yuan ($809-813) per tonne, up by 100 yuan per tonneThe weather has been favorable for construction work in Eastern China over the past few days, leading to stronger demand for rebar in the region.Rebar...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Strict real estate regulations issued by China's central and local governments have slowed down growth in the country's housing market in the first seven months of 2021.Participants expect these policies to continue to have a strong effect on the market for the remainder the year, which would slow down growth for rebar demand.Three red linesThe People's Bank of China and the Ministry of Housing &...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
Treatment charges for lead concentrate rose in August on a strongly negative import arbitrage and a steep backwardation on the London Metal Exchange, market participants told Fastmarkets.In addition, more mined material has become available to the Chinese market, which has been tightly supplied for the past three months.Fastmarkets' lead spot concentrate TC, low silver, cif China and the lead spot...Read More
Fastmarkets copper concentrate treatment charge/ refining charge (TC/RC) index continued to rise in the week to August 27. Fastmarket's calculation of the copper concentrates TC index, cif Asia Pacific is now at its highest level since mid-April 2020, with smelters bidding for clean tonnage at mid-to-high $60s. Blended cargos from Asia were offered in the mid-$60s...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday August 27.China Ferro-silicon prices in China have been strong with general sentiment quite bullish following news that Ningxia has started a stricter round of production and power cuts, intended to meet the energy consumption dual control targets, and which made spot availability even tighter. In addition...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More
Treatment charges for lead concentrate rose in August on a strongly negative import arbitrage and a steep backwardation on the London Metal Exchange, market participants told Fastmarkets.In addition, more mined material has become available to the Chinese market, which has been tightly supplied for the past three months.Fastmarkets' lead spot concentrate TC, low silver, cif China and the lead spot...Read More
At $3 below $2,700 per tonne, aluminium reached its highest three-month price on the London Metal Exchange since May 2011 on Friday August 27, and most prices on the complex were also up following long-awaited statements from the US Federal Reserve Chair. The new year-to-date peak for aluminium was $2,697 per tonne on Friday; the metal was up by 1.1% at 5pm to $2,649.50 per tonne from Thursday's $...Read More