Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
The latest data for the global manganese ore market for the week ended May 3, 2021.Read More
Rio Tinto has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification for its ISAL aluminium smelter in Iceland, the company said.The certification is provisional - following an independent, remote audit - with an onsite audit to be completed when possible after the easing of Covid-19 travel restrictions, the company said. Rio Tinto offers ASI-certified aluminium from ei...Read More
Limited trading activity in the seaborne coking coal market kept prices largely flat on Monday May 3.Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.13 per tonne, up $0.35 per tonnePremium hard coking coal, cfr Jingtang: $226.79 per tonne, unchangedHard coking coal, fob DBCT: $103.71 per...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade. Trading volume on U.S. and Canadian exchanges is expected to be lower than average today. Other equity markets are closed for the May Day holiday including China, Japan, Thailand, United Kingdom and Russia.Clorox dropped $1.40 to $181.10 after Wells Fargo downgraded the stock from Overwe...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Prices for inter-merchant light iron scrap in the UK have been steady over the week ended Friday April 30, consolidating gains made the week before amid firm demand from major processors and steady export business, sources have told Fastmarkets.Suppliers were looking ahead to negotiations to settle monthly deliveries into domestic consumers in May, they added.Fastmarkets' latest price assessment f...Read More
China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.Fastmarkets' price assessment for copper blister 98-99% ,RC spot, cif China, was $185-200 per tonne on Friday April 30, up from $170-185 per tonne a month ago. Few tonnages were sold and offered in the $180s...Read More
Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.Turkish scrap import prices jump $22 per tonne at the end of the weekUS scrap export prices remain fairly stableSlight improvement in Vietnamese scra...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Key data from Fastmarkets' Friday April 30 pricing sessions in China, India, Europe and the United States. China Lower offers for seaborne manganese ore prices led the seaborne ore markets to resume their steady downtrend after a short-lived bounce the previous week. Portside low- and high-grade manganese ore markets rose with smelters looking to replenish feedstock ahead of the Labor...Read More
Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More
Key data from Fastmarkets' Friday April 30 pricing sessions in China, Europe and the United States.China Fears of production cuts in Ningxia due to its energy-conservation and emission-reduction ambitions, coupled with the rise of electricity fees in Inner Mongolia, added to the tight availability of ferro-silicon. Active deals and inquires, along with the bullish ferro-silicon futures, all underp...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More
While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More