Base Metal Stock Articles

Critically low inventory levels push European manganese flake prices to 13-year high

June 25, 2021 / Staff reporter

European manganese flake prices continued to surge in the week ended Wednesday June 23, boosting the premium for prompt material amid very tight stock availability in Rotterdam, Fastmarkets has heard.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam, rose by 3% to $3,600-3,710 per tonne on June 23, up from $3,500-3,600 per tonne in the previous sessi...Read More

IN CASE YOU MISSED IT: 5 key stories from June 24

June 25, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More

LIVE FUTURES REPORT 24/06: LME prices edge up; only copper closes lower

June 25, 2021 / Staff reporter

All base metals prices on the London Metal Exchange, except for copper, finished slightly higher on Thursday June 24, with the recovery continuing after last week's decline while the US Dollar Index consolidated on low ground to lend support to the complex.Nickel led the way on the LME, rising by 1.9% at the close of trading on Thursday to $18,407 per tonne, up from its Wednesday closing price of...Read More

IRON ORE DAILY: Prices fall on rising steel inventories and uncertainty over safety checks

June 25, 2021 / Staff reporter

Iron ore prices declined on increasing steel inventories and a high chance of stricter restrictions on steel mills ahead of centennial celebrations, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $213.46 per tonne, down $2.55 per tonne62% Fe low-alumina fines, cfr Qingdao: $217.08 per tonne, down $2.26 per tonne58% Fe fines high-grade premium, cfr Qingdao: $183.86 per tonne,...Read More

IN CASE YOU MISSED IT: 5 key stories from June 24

June 25, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More

EU GREEN STEELMAKING: Hybrit produces hydrogen-reduced sponge iron

June 25, 2021 / Staff reporter

The Hybrit initiative - SSAB, LKAB and Vattenfall - has produced the world's first hydrogen-reduced sponge iron at a pilot scale, it said on June 24.The pilot plant in Lule??, Sweden has completed the test production of sponge iron and demonstrated that it is possible to use fossil-free hydrogen gas to reduce iron ore instead of using coal and coke to remove the oxygen. The sponge iron production...Read More

IN CASE YOU MISSED IT: 5 key stories from June 24

June 25, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More

CHINA REBAR: Prices up slightly, stimulating replenishment demand

June 25, 2021 / Staff reporter

China's domestic rebar prices increased on Thursday June 24 in response to futures gains on Wednesday, stimulating demand for restocking, sources said.DomesticEastern China (Shanghai): 4,820-4,850 yuan ($745-749) per tonne, up by 10-20 yuan per tonneOctober rebar futures on the Shanghai Futures Exchanged increased on Wednesday night to trade as a high of 5,022 yuan per tonne, up by 88 yuan per ton...Read More

South Africa restructures struggling port system

June 25, 2021 / Staff reporter

The South African government announced the establishment of the Transnet National Ports Authority (TNPA) on June 22.This reform, which enacts measures legislated for in the National Ports Act of 2005, will create the TNPA as an independent subsidy of Transnet, the national logistics organization of South Africa."The creation of a separate subsidiary will allow the ports...Read More

IN CASE YOU MISSED IT: 5 key stories from June 24

June 25, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More

ENERGY TRANSITION: Investment in expanding supply chains critical, US government official says

June 25, 2021 / Staff reporter

Much greater investment is needed to expand supply chains to secure critical minerals and expand manufacturing in key materials needed for the energy transition, according to the Acting Undersecretary for Science and Energy at the United States Department of Energy.These investments must ensure sustainable production, refining, and recycling capacity domestically, while ensuring strong environment...Read More

LIVE FUTURES REPORT 24/06: LME prices edge up; only copper closes lower

June 25, 2021 / Staff reporter

All base metals prices on the London Metal Exchange, except for copper, finished slightly higher on Thursday June 24, with the recovery continuing after last week's decline while the US Dollar Index consolidated on low ground to lend support to the complex.Nickel led the way on the LME, rising by 1.9% at the close of trading on Thursday to $18,407 per tonne, up from its Wednesday closing price of...Read More

FOCUS: European Ti markets could fall in near term

June 25, 2021 / Staff reporter

Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.While most industry ferro-titanium suppliers reported fairly stable prices this week, they also said trading activity has been quiet, much like the rest of the current quarter. Steelmakers tol...Read More

Ferro-molybdenum succumbs to profit-taking after rally to 10-yr high

June 25, 2021 / Staff reporter

Ferro-molybdenum prices dropped on Wednesday after a number of market participants took profits following a six-week rally in which prices jumped as much as 78% and hit a series of 10-year highs, sources said.Fastmarkets assessed the price for ferro-molybdenum 65% Mo min, in-whs Rotterdam at $47-48.50 per kg on Wednesday June 23, down by 3.6% from $49-50 per kg on June 16.This represented a steepe...Read More

FOCUS: European Ti markets could fall in near term

June 25, 2021 / Staff reporter

Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.While most industry ferro-titanium suppliers reported fairly stable prices this week, they also said trading activity has been quiet, much like the rest of the current quarter. Steelmakers tol...Read More

CHINA REBAR: Prices up slightly, stimulating replenishment demand

June 25, 2021 / Staff reporter

China's domestic rebar prices increased on Thursday June 24 in response to futures gains on Wednesday, stimulating demand for restocking, sources said.DomesticEastern China (Shanghai): 4,820-4,850 yuan ($745-749) per tonne, up by 10-20 yuan per tonneOctober rebar futures on the Shanghai Futures Exchanged increased on Wednesday night to trade as a high of 5,022 yuan per tonne, up by 88 yuan per ton...Read More

LIVE FUTURES REPORT 24/06: LME prices edge up; only copper closes lower

June 25, 2021 / Staff reporter

All base metals prices on the London Metal Exchange, except for copper, finished slightly higher on Thursday June 24, with the recovery continuing after last week's decline while the US Dollar Index consolidated on low ground to lend support to the complex.Nickel led the way on the LME, rising by 1.9% at the close of trading on Thursday to $18,407 per tonne, up from its Wednesday closing price of...Read More

China's domestic stainless steel market strengthens on mills' higher list prices

June 25, 2021 / Staff reporter

China's domestic stainless steel prices rose to their highest in four-and-a-half years over the past week after producers made upward adjustments to their list prices.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 16,900-17,500 ($2,609-2,701) per tonne, up by 300 yuan per tonne Prices were last at these levels in December 2016, according to Fastmarkets' data.High productio...Read More

FOCUS: European Ti markets could fall in near term

June 25, 2021 / Staff reporter

Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.While most industry ferro-titanium suppliers reported fairly stable prices this week, they also said trading activity has been quiet, much like the rest of the current quarter. Steelmakers tol...Read More

ENERGY TRANSITION: Investment in expanding supply chains critical, US government official says

June 25, 2021 / Staff reporter

Much greater investment is needed to expand supply chains to secure critical minerals and expand manufacturing in key materials needed for the energy transition, according to the Acting Undersecretary for Science and Energy at the United States Department of Energy.These investments must ensure sustainable production, refining, and recycling capacity domestically, while ensuring strong environment...Read More

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