The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
Key data from Fastmarkets' pricing sessions on Friday April 16 in China, Europe and the United States.China The China ferro-silicon price continued to narrow downward in alignment with the lowering of steel mills' tender prices for 72% grade alloys and the availability of inventory. Smelters in Ningxia and Qinghai were ramping up production, which largely offset the supply shortage arising from...Read More
Key data from Fastmarkets' pricing sessions on Friday April 16 in China, Europe and the United States.China Seaborne low-grade manganese ore prices declined after major suppliers cut their offers and buyers showed a healthy appetite for offers that matched portside prices. Seaborne high-grade manganese ore prices also fell, with existing offers rejected by buyers, who cited low portside prices. Po...Read More
Turkish steel producers ended the working week with no deep-sea bookings, amid limited demand in the country's domestic long steel market, sources told Fastmarkets on Friday April 16.There have been no deep-sea bookings since the end of last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More
Spot prices for imported ferrous scrap in China were stable on Friday April 16 even with Chinese steel mills continuing to seek out cargoes of HRS101, the Chinese grade for plate and structural scrap.The highest bids heard for such cargoes were $500-501 per tonne cfr northeastern China, though mills that are not actively seeking material or those that harbor bearish sentiment are bidding at $485-4...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.Copper's three-month price closed at $9,284 per tonne on Thursday at 5pm, the highest since February 25, when the metal reached its year-to-date high of $9,...Read More
London Metal Exchange aluminium continued to reach new multi-year highs while copper and lead were up by 1% on Thursday April 15 morning while nickel and tin fell from their Wednesday gains. LME aluminium's three-month price reached $2.356.50 per tonne during early trading, the most since October 2010, when the metal came to an intraday high of $2,358 per tonne. It was down slightly from that...Read More
The narrowing gap between seaborne manganese ore prices and spot prices in China will continue to taper amid the downward correction in the record-high premium for seaborne material in March, market participants said.It is likely the narrowing will be due to a combination of miners cutting seaborne offers amid mounting resistance from buyers and portside cargo holders raising prices following stro...Read More
Copper prices could reach $15,000 per tonne within five years, boosted by a sharp rise in demand for the metal, which has been described by Goldman Sachs analysts as the "new oil" for its use in green technologies, in a report released on Tuesday April 13.Goldman analysts, led by Nicholas Snowdon, have upgraded their 12-month price target for copper to $11,000 per tonne, predicting an average pric...Read More
Europe's low-carbon ferro-chrome market continued the steady price rise that began after dropping to multi-year lows in 2020 with prices supported on high logistical costs, sources said.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe was $2.13-2.40 per lb Cr on Tuesday April 13, a rise of 1-2 cents (0.7%) from $2.12-2.38 per lb Cr on March 30."Logis...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Key data from the Wednesday April 14 pricing session in London and Beijing.Key drivers The cobalt hydroxide payable indicator edged down with some suppliers cutting their offers amid a persistent decrease in downstream cobalt sulfate prices and a bearish downstream market sentiment in China.Chinese consumers have made aggressive bids,...Read More
Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Fastmarkets on Thursday April 15.The most recent deep-sea trade was done at the end of the last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) an...Read More
Base metals prices on the London Metal Exchange have been edging higher in recent days, although this morning, Thursday April 15, they were looking mixed, while those on the Shanghai Futures Exchange were for the most part firmer. Concerns over China's policy on credit tightening in focus ahead of Friday's gross domestic product (GDP) dataAluminium sets fresh highs for the yearBase metalsLME three...Read More
Key data from the Wednesday April 14 pricing session in London and Beijing.Key drivers The cobalt hydroxide payable indicator edged down with some suppliers cutting their offers amid a persistent decrease in downstream cobalt sulfate prices and a bearish downstream market sentiment in China.Chinese consumers have made aggressive bids,...Read More
Nornickel will increase its nickel production capacity from 65,000 tonnes currently to 75,000 tonnes by 2023 at its Nornickel Harjavalta refinery in Finland, the company said on April 14.Nornickel's Harjavalta refinery mainly produces nickel cathode, nickel briquette, salt and solution, along with cobalt as a by-product of using the sulfuric acid leaching approach with an over 98% extraction rate,...Read More