Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index is currently at its highest level since April 2019.Treatment charges of October cargoes were reportedly sold to smelters in the range of $58-62 per tonne this week, roughly equivalent to the 2021...Read More
Global aluminium prices and premiums have been on a near-vertical uptrend, touching record highs along the way, with consumers of aluminium in various sectors finding ways to absorb and pass on the increasing costs.Managing high raw material costs has become a key theme in quarterly earnings reports and in conference calls for manufacturing companies throughout the summer months of 2021. Despite h...Read More
Toyota is to suspend automotive production for between two days and just over a month at 27 of its 28 production lines in Japan in August and September.The suspensions were due to "parts shortages resulting from the spread of Covid-19 in southeast Asia," the company said on Thursday August 19.The main Toyota Motor Corp production facilities affected include Motomachi, Takaoka, Tsusumi, Tahara...Read More
Prices of hot-rolled coil in China's domestic market edged higher on Friday August 20 following two days of sharp losses sparked by increased demand concerns.DomesticEastern China (Shanghai): 5,620-5,670 yuan ($865-872) per tonne, up by 20-50 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,600-5,640 yuan ($862-868) per tonne, down by 100-110 yuan per tonneThe most-traded HRC contract...Read More
Short-covering activity helped some base metals prices on the LME end the week on a higher note at the end of trading on Friday August 20, but it was not enough to offset the losses seen after Thursday's sell-off.Copper's three-month price was $9,037 per tonne at 5pm on Friday, up 1.6% on Thursday's $8,894 per tonne, with the 200 daily moving average (DMA) acting as key support at $8,843 per...Read More
Indian hot rolled coil export prices edged down on Friday August 20, with mills lowering their HRC export offers to destinations in Southeast Asia, sources told Fastmarkets.Fastmarkets' price assessment for steel hot-rolled coil (commodity) export, fob main port India was $875-920 per tonne on August 20, widening down by $45 at the low end of the range from $910-920 per tonne last week.The lo...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
Prices of imported scrap in Turkey continued to weaken amid limited finished steel trade in the week to August 20, while buyers in Asia resisted higher offers. Turkish steel mills book more scrap for September shipments at decreasing prices The United States scrap export market reports further price decrease with a fresh cargo sale to Turkey Buyers in Vietnam resist higher offers for bulk cargoes...Read More
Nickel and copper were up by 1% and above in the LME morning session on Friday August 20, with most base metals bouncing back from Thursday when all prices declined. A higher US Dollar Index - which touched a new year-to-date peak of 93.65 on Friday morning - and renewed concerns about demand due to the ongoing spread of the Covid-19 Delta variant were key factors behind Thursday's price falls.&nb...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More
Some secondary alloy prices in the United States rose to all-time highs again on Thursday August 19, though the benchmark A380.1 price held steady.This resulted from continued tight supply and despite what some said was lackluster summer demand. "Volume is still suspect, but copper and silicon are still very high," one trader said of the continuing cost push for alloy prices. "On the other hand, p...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index is currently at its highest level since April 2019.Treatment charges of October cargoes were reportedly sold to smelters in the range of $58-62 per tonne this week, roughly equivalent to the 2021...Read More
A large drop in Chinese import steel billet bid prices has caused sellers to slash offer prices in an attempt to sell material to alternative markets, sources told Fastmarkets on Friday August 20.Chinese ferrous futures were in free-fall from Monday August 16 to Thursday August 19 amid pessimistic outlook for near-term economic growth and steel demand in China. Although contracts recovered slightl...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
A combination of low liquidity, supply constraints that were said to be easing, and a rushed exit from long positions took the three-month price of tin on the London Metal Exchange down by 11% on Thursday August 19, despite its recent and seemingly unstoppable rise. Where will it go from here?Prior to the fall on Thursday, tin's benchmark futures price had reached an all-time high of $35,955 per t...Read More
Short-covering activity helped some base metals prices on the LME end the week on a higher note at the end of trading on Friday August 20, but it was not enough to offset the losses seen after Thursday's sell-off.Copper's three-month price was $9,037 per tonne at 5pm on Friday, up 1.6% on Thursday's $8,894 per tonne, with the 200 daily moving average (DMA) acting as key support at $8,843 per...Read More
Global aluminium prices and premiums have been on a near-vertical uptrend, touching record highs along the way, with consumers of aluminium in various sectors finding ways to absorb and pass on the increasing costs.Managing high raw material costs has become a key theme in quarterly earnings reports and in conference calls for manufacturing companies throughout the summer months of 2021. Despite h...Read More
Nickel and copper were up by 1% and above in the LME morning session on Friday August 20, with most base metals bouncing back from Thursday when all prices declined. A higher US Dollar Index - which touched a new year-to-date peak of 93.65 on Friday morning - and renewed concerns about demand due to the ongoing spread of the Covid-19 Delta variant were key factors behind Thursday's price falls.&nb...Read More
Most base metal stocks in Shanghai Futures Exchange (SHFE) warehouses declined this week, with nickel falling the most in percentage terms and zinc increasing the most at 10%, according to the stocks report on Friday August 20.Nickel inventories stood at 5,344 tonnes on August 20, a decrease of 1,071 tonnes from 6,415 tonnes one week earlier.The inflows mainly came into warehouses operated by SIPG...Read More