Flat-rolled steel import prices in the United Arab Emirates (UAE) and Saudi Arabia increased during the week ended Tuesday April 6, with only a few offers received, sources told Fastmarkets.The slim number of offers stemmed from strong global flat-rolled steel demand from China and India, two main exporters to the Middle East.Saudi ArabiaIndia offered hot-rolled coil at $890-90...Read More
Europe's domestic prices for hot-rolled coil jumped on Tuesday April 6, with a shortage of material prompting buyers to accept prices targeted by mills, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at ?,?885.00 ($1,042.59) per tonne on Tuesday April 6, up by ?,?41.67 per tonne from ?,?843.33 per tonne on April 1.The index was u...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow edged up again on good end-user demand and tight supplies in April due to planned stoppages at key producers, sources told Fastmarkets on Tuesday April 6.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 54,000 roubles ($707) per tonne, including 20% value-added tax, on A...Read More
Turkish deep-sea scrap import prices strengthened again on Tuesday April 6, with reports of a fresh Baltic Sea cargo, market sources told Fastmarkets.A steel mill in the Iskenderun region booked the Baltic Sea cargo of 20,000 tonnes of HMS 1&2 (95:5) at $430 per tonne cfr on Friday April 2.The previous deep-sea deal took place on April 1, when a steel mill in the Marmara region booked a Europ...Read More
The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao was at $159.85 per tonne on Thursday March 25 while that for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was at $190.40 per tonne.The spread between the two indices rose to a historica...Read More
Turkish domestic auto bundle scrap prices have continued increasing over the past week because of the weakening of the country's currency, market sources said on Tuesday April 6.The lira started a sharp decline following the surprise sacking of the central bank chief Naci Agbal by president Recep Tayyip Erdogan.The Turkish lira was trading at 8.132 lira to $1 on Tuesday April 6, compared with 7.2...Read More
Seaborne premium hard coking coal prices in the cfr market remained largely unchanged due to weak supply and demand, while prices in the fob market edged up on an increase in buying interest on Tuesday April 6, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.07 per tonne, up $0.03 per tonnePremium hard coking coal, cfr Jingtang: $214.42 per tonne, up $0.21 per...Read More
Import prices for heavy scrap into China are have continued to increase in the week to Tuesday April 6, amid strong domestic demand and regional rebounds, market sources told Fastmarkets.Buyers increased their bids to $465 per tonne cfr northern China, with offers at $500-505 per tonne cfr northern China.Key market sources estimated that the spot price for imported HRS101 scrap into northern China...Read More
Iron ore prices went up on Tuesday April 6 amid support from firmer prices traded on platforms but liquidity was still thin, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.90 per tonne, $2.42 per tonne62% Fe low-alumina fines, cfr Qingdao: $171.00 per tonne, up $1.00 per tonne58% Fe fines high-grade premium, cfr Qingdao: $153.25 per tonne, up $0.91 per tonne65% Fe Brazil...Read More
London Metal Exchange futures prices for copper, nickel, zinc and tin started the week with gains on Tuesday April 6, following positive economic data released in the United States and China on Monday. Tin's three-month price jumped by 3.4% to $25,985 per tonne at 9am on Tuesday, the biggest increase in the complex, closely followed by zinc, which was up 2.7% to $2,858.50 per tonne from last Thurs...Read More
Key data from the pricing sessions in Asia and the United States for the week ended Friday April 2.China Seaborne low- and high-grade manganese ore prices fell again amid ongoing bearish sentiment fueled by weak portside prices and high stocks in Chinese ports.Portside markets reported...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 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
Tantalum prices have hit year-to-date highs while strong demand from the electronics sector will continue to support the market in the second quarter of 2021, market sources told Fastmarkets.Fastmarkets' assessed the price of tantalite, basis 25% min Ta2O5, cif China at $69-71 per lb on April 2, its highest since Fastmarkets started assessments in May 2020 - when it stood at $65-66 per lb - a...Read More
Key data from the Friday April 2 pricing session in Shanghai.Key drivers China's domestic magnesium producers raised their ex-works prices for the material due to increased prices of coal, which is one of the inputs for producing magnesium.Coal output from...Read More
Liberty Steel has resumed production at its UK special steel plant in Rotherham, the steelmaker said on Tuesday April 6.Operations at the plant were halted on March 12, the company said."We are grateful for the support from our customers and suppliers in enabling the restart and in supporting our self-help measures such as matching our current stock to customer orders and working with customers to...Read More
Forest product stocks and related ETFs are moving higher. Global Timber iShares (WOOD) moved above $88.48 to an all-time high extending an intermediate uptrend. Interfor (IFP.TO) moved above Cdn$30.81 to an all-time high extending an intermediate uptrend.Canfor (CFP.TO) moved above $29.00 extending an intermediate uptrend.Pre-opening Comments for Wednesday April 7thU.S. equity index futures were l...Read More
Here are five Fastmarkets stories you might have missed on Monday April 5 that are worth another look.Prices for seaborne iron ore pellets and concentrate rose in the week ended Thursday April 1 amid ongoing steelmaking restrictions to cut emissions in China's Tangshan region,...Read More
Chilean mined copper output reached 425,500 tonnes in February, down by 5.02% from 448,000 tonnes in the same month last year, amid significant drops reported by Escondida and Los Pelambres, data from national copper commission Cochilco showed.This was the eighth consecutive month in which Chile recorded a year-on-year drop in production. In January-February, the country produced 882,700 tonn...Read More
An overview of the new energy materials markets and their price moves from the past week.Sybil Pan and...Read More