Base Metal Stock Articles

EUROPE HRC: Market activity slow as buyers, sellers hold back from trading

July 10, 2021 / Staff reporter

Domestic prices for hot-rolled coil in Europe were relatively stable on Friday July 9 due to slow buying activity, sources told Fastmarkets.Market sources believed that the price fluctuations during the week have not been indicative of a trend change, but mainly reflected the uncertainty among buyers in the market with a limited number of offers.Buyers have been holding back from making new deals...Read More

TURKEY COATED FLAT STEEL: Prices stable before holidays

July 10, 2021 / Staff reporter

Hot-dipped galvanized and pre-painted galvanized coil prices remained stable in Turkey during the week to Friday July 9 due to upcoming holidays, sources told Fastmarkets.July 15 is Democracy Day in Turkey and July 19-23 will be the Eid al-Adha holidays so buyers preferred to postpone bookings.Domestic pricesFastmarkets' weekly price assessment for steel HDG coil domestic, exw Turkey was unchanged...Read More

Brazil's pig iron exports quiet while local market remains strong

July 10, 2021 / Staff reporter

Activity in the market for pig iron exports from Brazil was at a standstill in the week to Friday July 9, but local demand for such material was strong, sources have told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $620-625 per tonne on Friday, stable week on week.Suppliers in the south of Brazil were heard to be inactive as regards...Read More

CHINA REBAR: Prices rise on production cut concerns

July 10, 2021 / Staff reporter

China's domestic rebar market ended the week with increased prices in both eastern and northern regions, though prices were stable on Friday July 9.DomesticEastern China (Shanghai): 5,020-5,050 yuan ($775-780) per tonne, unchangedNorthern China (Beijing) weekly assessment: 4,950-4,990 yuan per tonne, up by 170 yuan per tonneEastern rebar prices halted their rise on Friday due to weak demand but pr...Read More

COBALT FUTURES SNAPSHOT: Over 1,000 tonnes traded in June

July 10, 2021 / Staff reporter

The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJune 21, 2021: 120 tonnes (5 tonnes each month from January to December 2022, all at $23 per lb; 5 tonnes each month from January to December 2023, all at $24.25 per lb)June 24, 2021: 60 tonnes (5 tonnes...Read More

GLOBAL MANGANESE SNAPSHOT: Silico manganese prices climb in Europe on robust demand

July 10, 2021 / Staff reporter

Key data from Fastmarkets' Friday July 9 pricing sessions in Europe, China, India and the United States.Europe The silico-manganese market continued to strengthen in response to tight availability of material and robust demand from consumers. Prices in the market have been on an uptrend since the start of the year with steel production recovering from the effects of the Covid-19 pandemic. While co...Read More

COPPER CONCS SNAPSHOT: TC/RC above $40/4 cents for first time in six months

July 10, 2021 / Staff reporter

Spot copper concentrate treatment/refining charges (TC/RC) continued to rise for the fourth week in a row on the improving availability of the copper raw material.Fastmarkets copper concentrate TC/RC index was calculated at $42.4 per tonne/4.24 cents per lb for the week to Friday July 9, its first foray above the $40/4 cents mark since late...Read More

GLOBAL FERRO-SILICON SNAPSHOT: Active EU market continues to see price gains

July 10, 2021 / Staff reporter

Key data from Fastmarkets' Friday July 9 pricing sessions in Europe, China and the United States.China The export ferro-silicon market was stable over the week, with few inquiries or deals made. Overall, market participants took a strong wait-and-see attitude to the steel mill tender in July. Spot availability is still quite tight...Read More

NEW ENERGY MATERIALS MARKET REPORT 09/07: European supplies tight for battery-grade lithium, spodumene

July 10, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More

NEW ENERGY MATERIALS MARKET REPORT 09/07: European supplies tight for battery-grade lithium, spodumene

July 10, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More

ALUMINIUM FOUNDRY WRAP: Rotterdam P1020 uptrend propels European PFA premiums higher

July 10, 2021 / Staff reporter

Bullish sentiment in the aluminium supply chain fueled increases in premium foundry alloy (PFA) premiums in Europe in the week ended Friday July 9. The PFA premium in the US was flat once again.EuropeSoaring premiums for P1020 aluminium, expensive logistics and solid demand pushed the premiums for primary foundry alloy (PFA) in Europe to new all-time highs this week.Fastmarkets' assessment of the...Read More

LIVE FUTURES 09/07: Base metals prices upbeat after PBOC RRR cut, nickel hits 4-month high

July 10, 2021 / Staff reporter

London Metal Exchange base metal futures barring tin traded higher on Friday July 9 after the market responded to news that China's central bank will boost liquidity to small and medium sized businesses.The People's Bank of China said it would reduce the Reserve Requirement Ratio (RRR), the amount of cash banks have to hold in reserve, by 0.5%, equivalent to the release of a trillion yuan ($154 bi...Read More

POLAND REBAR: Prices flatten as market enters summer lull

July 10, 2021 / Staff reporter

Domestic steel rebar prices in Poland were broadly flat in the week to Friday July 9, with market activity slowing down on seasonal factors, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 4,050-4,100 zloty ($1,054-1,067) per tonne on Friday, the same as last week.The assessment was based on deals, offers and achievable prices rep...Read More

NEW ENERGY MATERIALS MARKET REPORT 09/07: European supplies tight for battery-grade lithium, spodumene

July 10, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More

NEW ENERGY MATERIALS MARKET REPORT 09/07: European supplies tight for battery-grade lithium, spodumene

July 10, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More

Sandfire's Botswana copper mine to start production in 2023 after gaining license

July 10, 2021 / Staff reporter

Sandfire Resources' Motheo copper mine in Botswana will come online in 2023, the mid-tier copper and gold miner said this week, after acquiring a mining license for the project. The construction of the Motheo copper mine will accelerate in the coming months and should deliver 30,000 tonnes of copper and 1.2 million ounces of silver for the first 12-and-a-half years of mine life, the Canada-listed...Read More

SOUTH ASIA STEEL SCRAP: Demand still healthy in Pakistan; Indian market slow

July 10, 2021 / Staff reporter

Prices for shredded steel scrap imports into Pakistan increased in the week to Friday July 9, supported by higher trading activity compared with India, sources have told Fastmarkets.Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $547.34 per tonne on July 9, up by $7.83 per tonne from $539.51 per tonne on July 2.Deals for the material have been...Read More

UK STEEL SCRAP WEEKLY: Light iron market stable but could rise on increased demand

July 10, 2021 / Staff reporter

The inter-merchant light iron scrap market in the United Kingdom was unchanged this week although increased demand could result in small price rises in the coming weeks, participants told Fastmarkets on Friday July 9.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?175-190 ($241-262) per tonne on Friday, unchanged since June 18...Read More

POLAND WIRE ROD: Domestic mills finish July booking, price rollover likely for August

July 10, 2021 / Staff reporter

Domestic steel wire rod producers in Poland have nearly completed July bookings and are yet to quote for August, with prices to be rolled over despite the seasonal buying slowdown, sources told Fastmarkets on July 9.Domestic steel wire rod producers in Poland have nearly completed July bookings and are yet to quote for August, with price rollover expected despite the seasonal buying slowdown, sour...Read More

STEEL SCRAP WRAP: Demand still limited in major markets

July 10, 2021 / Staff reporter

Global scrap prices broadly fell over the week to Friday July 9. Spot demand in Asia remained weak, with buyers looking at lower Turkish steel scrap prices for indications of better buying opportunities in the future.Turkey resumes deep-sea importsPrime grades perform best in USVietnam demand soft but billet demand could offer hopeChinese price uptrend capped by production cutsTaiwan continues to...Read More

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