China's hot-rolled coil prices fell on Thursday April 8 amid moderate trading activity, but exporters were able to secure orders at higher prices on restocking demand overseas.DomesticEastern China (Shanghai): 5,480-5,520 yuan ($838-844) per tonne, down 50-70 yuan per tonneA Shanghai-based trader said sellers in the spot market sold HRC at 5,480-5,500 yuan per tonne in the morning, but they were a...Read More
China's domestic rebar prices decreased further on Thursday April 8 amid an increase in output and weaker demand. DomesticEastern China (Shanghai): 5,000-5,040 yuan ($764-770) per tonne, down by 30 yuan per tonneA local industry information provider reported that rebar output in the week to Thursday was 3.57 million tonnes, up by 38,000 tonnes from the preceding week. An industry analyst said...Read More
Cobalt metal prices edged down on Thursday April 8, while profit taking, weak consumer demand and wait-and-see attitudes led to a weaker tone in the assessment of the daily benchmark.The downturn ended a period of flatness that saw the bottom end of the range holding at $22.50/lb since March 26 (although this included two public holidays in the UK on April 2 and April 5 when prices were rolled ove...Read More
Silicon consumers in the United States have resorted to buying non-standard sizes without the usual discount amid a shortage of spot silicon metal, sources told Fastmarkets this week.There have also been reports that even the usually unpopular size, "half by down," could not be found.Never mentioned in previous years, this smaller-size silicon is still standard in terms of purity (5-5-3 grade) and...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.Read More
The announcement of a 1.529 billion yuan ($233.6 million) limited partnership agreement between major Chinese manganese miners and traders has left many in the market weighing up the significance of such a move.South Manganese Investment, formerly Citic Dameng Holdings, entered into a limited partnership agreement with 10 participants involved in manganese mining and trading, according to a notice...Read More
Michael Insulan has joined First Cobalt as vice president, commercial, tasked with advancing the company's offtake strategy and the marketing of its refinery's cobalt sulfate production to electric vehicle (EV) manufacturers and battery cell makers. Based in Europe, Insulan was most recently at a senior market analyst at cobalt producer Eurasian Resources Group. He has previously held roles at CRU...Read More
Tata Steel's recycling business in India is to offer domestically produced shredded material to the Indian market, adding to its existing offering, the company told Fastmarkets on Wednesday April 7.Yogesh Bedi, chief of Tata Steel Recycling Business, told Fastmarkets the company was in the final stages of commissioning a shredder, which would let the company offer domestically produced shredded sc...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 points in pre-opening trade.The Canadian Dollar added 0.17 to US79.64 cents following release of Canada's March Employment Report at 8:30 AM EDT. Consensus was an increase of 100,000 versus a gain of 259,200 in February. Actual was an increase of 303,100. Consensus for the March Unemployment Rate was an increase to 8....Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 7 that are worth another look.Indian suppliers exhausted their second-quarter quota for shipments of hot-rolled coil into Europe on the first day of the new three-month period, according to data released by the European Commission (EC).https://www.metalbulletin.com/Article/3983087/Home/India-exhausts-EU-HRC-quota-on-first-d...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 7.Please click...Read More
The London Metal Exchange three-month lead price closed at its highest in a month on Wednesday April 7, while the rest of the base metals complex consolidated following a bullish pricing session on Tuesday. Lead's futures price, often the laggard on the LME, was the standout performer on Wednesday with a 1.3% rise to $1,993.50 per tonne at the 5pm close. This is its highest closing price since Mar...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 7 that are worth another look.Indian suppliers exhausted their second-quarter quota for shipments of hot-rolled coil into Europe on the first day of the new three-month period, according to data released by the European Commission (EC).https://www.metalbulletin.com/Article/3983087/Home/India-exhausts-EU-HRC-quota-on-first-d...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday April 7.Key drivers The titanium markets in Europe were steady over the week, with the Easter holiday quietening trading activity while some market participants, particularly steelmakers, are still absent, trade sources said.More trading activity is due next week after market participants return in full following the holiday break....Read More
The latest data for the global manganese ore market for the week ended April 6, 2021.Read More
Chrome alloy prices declined over the week to Tuesday April 6 in response to market expectations that tight ferro-chrome supply in China would ease, sources said.Following signs of easing available supply in the domestic market, major stainless steel mills all lowered their ferro-chrome prices for April-delivery.As a result, Fastmarkets' ferro-chrome contract 6-8% C, basis 50% Cr, ddp China fell b...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...Read More
Turkish deep-sea scrap import prices pushed up again after three fresh cargoes were sold from the United States and Baltic Sea regions for May shipment, market participants told Fastmarkets on Wednesday April 7.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 16,000 tonnes of HMS 1&2 (80:20), 8,500 tonnes of shredded, 4,500 tonnes of bonus, 3,500 tonnes of rail and a 2,5...Read More