The premium hard coking coal price inched up in the fob market due to increased procurement activity while the cfr market remained largely stable at the elevated level on Wednesday April 14, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.18 per tonne, up $0.59 per tonnePremium hard coking coal, cfr Jingtang: $218.87 per tonne, up $0.08 per tonneHard coking coal, fob DBCT:...Read More
British steel scrap suppliers have mostly settled monthly delivery prices for steel scrap to domestic consumers in April unchanged compared with market levels the month before amid persistent supply tightness, trade sources said this week. A correction has...Read More
Exports of steel scrap from Japan fell by 26.2% year on year in January-February 2021, although volumes shipped to China jumped sharply, the latest data from Japanese customs shows.Japan exported 501,006 tonnes of steel scrap in January and 639,148 tonnes in February to make a combined 1.14 million tonnes. That was down from the 1.54 million tonnes exported over the same period of 2020, customs da...Read More
Coal exports from Australia's Queensland state were down by 4.85% year on year in March, according to data from the North Queensland Bulk Ports Corp and Gladstone Ports Corp. Queensland, Australia's metallurgical coal hub, exported 15.71 million tonnes of coal - including small volumes of thermal coal - in March, compared with 16.51 million tonnes a year earlier, the latest data from the two port...Read More
China's imports of copper concentrate reached 2.1 million tonnes in March to set a new highest monthly record, customs data out on Tuesday April 13 shows. "The robust imports in March came after weaker shipment [volumes] in February, presumably, due to the fact that high sea waves at Chilean ports caused a delay. The higher concentrate imports came amid rising smelter production that requires raw...Read More
China's domestic hot-rolled coil prices continued to rise on Wednesday April 14 amid declining inventories.DomesticEastern China (Shanghai): 5,490-5,530 yuan ($839-845) per tonne, up 30-80 yuan per tonneMajor warehouses in Shanghai had a total of 445,800 tonnes of HRC on Wednesday, down by 27,900 tonnes from 473,700 tonnes a week earlier, according to a survey by a domestic trading company.The dro...Read More
The London Metal Exchange three-month aluminium price reached a new year-to-date high on Wednesday April 14 morning, while the rest of the complex was trending higher on support from a lower US dollar index.LME aluminium's price reached $2,322 per tonne around 9:30am on higher volumes, trading over 4,500 lots by that time, that surpassed copper, which was trading around 3,800 lots. This is th...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday April 14, and broader markets were pleased US consumer prices did not shock to the upside, but markets are likely to remain wary in case corporate earnings do not live up to high expectations.Tuesday's US consumer price index (CPI) reading climbed by 0.6% in March, slightly higher than...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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 assessed Cobalt alloy grade, in-whs Rotterdam, $/lb...Read More
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 assessed Cobalt standard grade, in-whs Rotterdam, $/lb...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 assessed Cobalt hydroxide p...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 assessed...Read More
Galactic mining could become a reality by 2025, with the first facility for such a purpose being planned for construction on the moon, according to Airbus."Lunar dust called solar regolith can be used to produce oxygen, metals, alloys and silicon, which will then be used as raw materials in an industrial process," the aerospace company's in-space manufacturing and assembly roadmap owner Christophe...Read More
The seaborne markets for chrome ore and alloy in China fell during the week ended Tuesday April 13, with lower offer prices sparking UG2 chrome ore liquidity and weak portside prices softening the charge chrome market. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China fell by $8 to $150 per tonne on April 13, down by 5.06% from $158 per tonne one week ago. Lower...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) data* Aluminium sets fresh highs for the yearBase me...Read More
Agnico-Eagle (AEM), a TSX 60 stock moved above US$61.61 completing a double bottom pattern.Australia iShares (EWA) moved above $25.89 to an all-time high extending an intermediate uptrend. Vertex (VRTX), a NASDAQ 100 stock moved above $220.63 setting an intermediate uptrend.Regeneron (REGN), a NASDAQ 100 stock moved above $497.70 completing a double bottom pattern.Junior Gold Miners ETF (GDXJ) mov...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 13 that are worth another look.A court in the southeast Brazilian state of Minas Gerais has accepted a request for bankruptcy protection from local iron ore pellet producer Samarco, which is owned 50:50 by Vale and BHP,...Read More
Inert anode technology is one of several methods UC Rusal will use to achieve carbon neutrality by 2050, with the company to lay out a roadmap on its path forward in September, a senior executive at the aluminium producer told Fastmarkets.According to Roman Andryushin, company head of sales and marketing, the roadmap will not just focus on reducing emissions across Rusal's smelting operations but...Read More
Aluminium premiums in the United States and Europe continued to rise on supply tightness in the week to Tuesday April 13, with the US Midwest premium climbing to its highest level for more than six years.US Midwest premium passes six-year highEuropean duty-paid premiums rise in liquid marketsHigh freight rates drive premiums up again in South Korea.US Midwest premium highest since 2015Fastmarkets...Read More