Fastmarkets tin premiums were stable around their recent multi-year highs on the fortnight to Tuesday April 6, with no spot trade reported in the US and Europe given the lack of material available to would-be sellers. Peruvian mines increased their tin production in February, totaling 1,949 tonnes and up by 8.82% from 1,791 tonnes in the same month last year. The three-month tin price on the...Read More
Aluminium producer Hydro is exploring the potential for developing and operating hydrogen facilities to meet internal demand and serve the external market, it said on Wednesday April 7.The move is part of Hydro's strategy to 2025 to strengthen its position in low-carbon aluminium and explore new opportunities in recycling and new energy."We have large internal demand for gas used for heating in ou...Read More
A shortage of truck drivers and flat-bed trucks is delaying steel shipments at critical points in the supply chain and further driving up shipping costs and lead times, Fastmarkets has learned.In March, there were 84 loads that need to be shipped for every available truck, up from 22 loads for every truck in March 2020, according to DAT Freight & Analytic."Demand for the entire flat-bed...Read More
European steel H-beam prices moved up on Wednesday April 7, following good demand and high feedstock prices, sources told Fastmarkets.Producers have been trying to achieve price increases of ?,?30 per tonne for several weeks, with one European producer now renewing efforts to push through the increase, citing strong order books and historically high raw materials costs. Fastmarkets' weekly price a...Read More
Domestic steel cold-rolled coil prices in Europe increased in the week to Wednesday April 7, due to a shortage of materials and strong demand, sources told Fastmarkets.Sources said they have been struggling to book CRC from domestic producers because they had either held back from trading or claimed to be sold out until end of the third or fourth quarter of the year."It is impossible to get CRC fr...Read More
Prices for steel hollow sections in Europe remained flat on Wednesday April 7, with the renewed import quota relieving pressure on the market with mills facing higher feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was unchanged at ?,?920-950 ($1088- 1,124) per tonne on Wednesday.The price of hot-rolled coil,...Read More
Brazil's automotive output grew by 5.47% year on year in March, despite several plants closing toward the end of the month, national automakers association Anfavea said on Wednesday April 7.The country produced 200,340 vehicles in March, up from 189,958 units in same month in 2020 and up 1.68% from 197,035 units in February 2021, the association said."The figures in March were acceptable despite t...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
Iron ore prices pushed up on Wednesday April 7, chasing previous increments in steel prices but depressing seaborne activity, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.63 per tonne, up $2.73 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.16 per tonne, up $3.16 per tonne58% Fe fines high-grade premium, cfr Qingdao: $154.65 per tonne, up $1.40 per to...Read More
The seaborne premium hard coking coal price stayed largely flat in the fob market and decreased in the cfr market on April 7 Wednesday after major buyers in south China became cautious to buy seaborne cargoes amid uncertain limits on import coal quotas, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.11 per tonne, up $0.04 per tonnePremium hard coking co...Read More
The import price for heavy scrap (HS) into China maintained its upward trend this week, with more buying interest heard in the spot market amid climbing prices in the region. Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China was $475-480 per tonne on Wednesday April 7, up by $15 from $460-465 per tonne on April 6. This followed a $5 narrowing in the rang...Read More
Fastmarkets has corrected its daily iron ore 62% Fe Pilbara Blend Fines Differential and 62% Fe Pilbara Blend Fines Index, which were published incorrectly on Tuesday April 6 due to a calculation error.Fastmarkets' daily index for 62% Fe Pilbara Blend Fines Differential (MB-IRO-0076) and 62% Fe Pilbara Blend Fines index (MB-IRO-0114) should have been $-1.16 per tonne and $169.74 per tonne respecti...Read More
China's hot-rolled coil prices rose further to their highest in nearly 13 years on Wednesday April 7, though trading activity weakened amid rising inventory levels, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,550-5,570 yuan ($848-851) per tonne, up 10 yuan per tonneSeveral traders in Shanghai said sellers in the spot market issued high offers in the morning but had to make reducti...Read More
London Metal Exchange three-month lead and zinc prices were on the rise on Wednesday April 7 while copper and nickel prices fell from their closing prices on Tuesday following a spate of buying that pushed most metals' prices up by between 1.5-3%. The LME lead futures price was at $1,980.50 per tonne on Wednesday - its highest in just over a month when the metal closed at $2,051 per tonne on March...Read More
Key data from pricing session in London on Wednesday April 7. Key drivers: Profit-takers continue to offer below $22 per lb, although deals at higher levels are still achievable. An absence of Chinese buyers inquiring...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...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...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 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 at 22.50-23.00 on Wednesday April...Read More