Iron ore prices mostly decreased on Tuesday April 13 while iron ore lump gained on demand for direct-charge materials under emissions restrictions, sources saidFastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.25 per tonne, down $1.32 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.13 per tonne, down $0.72 per tonne58% Fe fines high-grade premium, cfr Qingdao: $155.23 per tonne, do...Read More
Sentiment in the China import scrap market has turned bullish after downstream steel prices rebounded on Tuesday April 13.Chinese steel mills have continued to bid at high prices for HRS101 imports, including at $487-490 per tonne cfr east China and $500 per tonne cfr northeast China. Offers were at $500 per tonne cfr east China and $510-515 per tonne cfr northeast China. "Offers have been high...Read More
The amount of metal held off-warrant outside the London Metal Exchange network rose by 8.6% and exceeded 2 million tonnes in February 2021 for the first time since the LME started reporting this data, its latest readings showed.The Exchange's latest off-warrant stock data, published on Monday April 12, was for volumes at the end of February 2021. This showed an increase of 166,146 tonnes of metal...Read More
Base metals prices on the London Metal Exchange were largely trading sideways during the morning session on Tuesday April 13, after decreases across the board on Monday due to warnings out of China about rising commodity prices.The three-month aluminium price bucked the trend however, rising by 0.8% to $2,280.50 per tonne as at 9am on Tuesday, from a closing price on Monday of $2,262 per tonne. Th...Read More
Base metals prices on the London Metal Exchange were down across the board this morning, Tuesday April 13, as were most of the metals prices on the Shanghai Futures Exchange, while broader markets were quiet.China's trade data showed imports and exports grew, highlighting broad-based economic recovery Markets waiting for the release of United States consumer prices today and to see how that will a...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...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...Read More
China has sent teams to eight provinces - Shanxi, Liaoning, Anhui, Jiangxi, Henan, Hunan, Guangxi and Yunnan - to carry out month-long environmental inspections as of April 9, a report from China's Ministry of Ecology and Environment said.Fastmarkets examines the market reaction in the tungsten and three other minor metals' (indium, bismuth, antimony) markets to the ongoing environmental inspectio...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 highe...Read More
Magna International (MG), a TSX 60 stock moved above $118.71 to an all-time high extending an intermediate uptrend. Open Text (OTEX), a TSX 60 stock moved above US$49.77 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday April 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Crude oil advan...Read More
Here are five Fastmarkets stories you might have missed on Monday April 12 that are worth another look.Tata Steel has introduced carbon surcharges on steel products manufactured in Europe to balance the rising cost of such emissions, the company's spokesman told Fastmarkets on April 12.Rio Tinto and Turquoise Hill...Read More
NextSource Materials, a battery materials development company in which Sir Mick Davis' Vision Blue Resources is an investor, said it has entered into a partnership with two companies within the Tesla supply chain.Toronto, Canada-based NextSource, which is developing the Molo graphite mine, added that it has finalized a binding agreement to construct and operate a battery anode facility to produce...Read More
The three-month nickel price was down by the greatest percentage on the London Metal Exchange at the close on Monday April 12, with Chinese warnings of higher prices over the weekend driving the entire complex down as well. The stainless steel additive was down to $16,134 per tonne on Monday, its lowest in two weeks, following a 1.2% drop on Friday to $16,628 per tonne. Nickel, along with the rest...Read More
Here are five Fastmarkets stories you might have missed on Monday April 12 that are worth another look.Tata Steel has introduced carbon surcharges on steel products manufactured in Europe to balance the rising cost of such emissions, the company's spokesman told Fastmarkets on April 12.Rio Tinto and Turquoise Hill...Read More
National Iranian Copper Industries Co's (NICIC) three copper-related projects will come online this year to produce an extra 400,000 tonnes of copper concentrate, according to local media reports. That could bring in an estimate revenue of $800 million to the company, which was established by the Iranian state and was subsequently privatized, according to a Tehran Times report on April 6 that cite...Read More
Seaborne low and high-grade manganese ore prices continued to fall in the week to Friday April 9 while market activity was light and sentiment continued to drop concurrent with pricing expectations among participants from both sell and buy sides failing to approach portside prices levels.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was calculated at $4.49 per dmtu on Friday April 9, down...Read More
The latest data for the global manganese ore market for the week ended April 12, 2021.Read More
Key data from the pricing session in London on Friday April 9. Key drivers Buyers have started to resist numbers above $3,100 per tonne while shipment offers from China kept falling and end-user demand has started to slow.Still, tight prompt availability in Europe and continuing shipping delays from China are supporting prices above...Read More
The pace of decline in the Chinese cobalt sulfate market eased on Friday April 9 after aggressive offers for scrap-fed material started to disappear. Lower offers for cobalt sulfate produced from scrap has put downward pressure on the whole market since the second half of March. They prompted most sellers to continue lowering offers for sulfate produced from hydroxide (regular-fed material) t...Read More
Turkish domestic auto bundle scrap prices have increased slightly over the past week, but ship scrap prices were fairly stable, market sources said on Monday April 12.In response to the upturn in imported scrap values over the past week, a number of steel mills have raised their buy prices for domestic auto bundle scrap.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix),...Read More