Import prices for hot-rolled coil in Asia could exceed $1,000 per tonne in the coming months, key market sources in the region told Fastmarkets."Given the rate at which prices are increasing, I won't be surprised if prices exceed or rise close to $1,000 per tonne in the remaining months of the second quarter," a flat steel trader in Southeast Asia told Fastmarkets.East Asian cargoes could be the f...Read More
There was little liquidity in the iron ore market on Monday April 5, with markets in China closed for a public holiday.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $168.48 per tonne, up $0.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $169.00 per tonne, up $0.48 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.34 per tonne, up...Read More
There was little liquidity in the iron ore market on Monday April 5, with markets in China closed for a public holiday.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $168.48 per tonne, up $0.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $169.00 per tonne, up $0.48 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.34 per tonne, up...Read More
Following extensive market engagement, Fastmarkets will change specifications of its daily price assessment for steel billet, import, cfr Southeast Asia from Monday April 12.Fastmarkets asked market participants if specifications of the MB-STE-0141-steel billet import, cfr Southeast Asia, $/tonne price assessment should be changed in its grade or location to better capture trade in the market.Feed...Read More
An overview of the new energy materials markets and their price moves from the past week.Sybil Pan and...Read More
Hot-rolled coil prices in the United States fell slightly on Monday April 5 amid thin trading because of the Easter holiday lull, but market participants remain bullish on prices.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $66.65 per hundredweight ($1,333 per short ton) on April 5, down by 0.12% from $66.73 per cwt on Thursday April 1 but up by 0.73% fro...Read More
Prices for Turkish flat steel products increased in March, supported by very strong demand in local and export markets, Fastmarkets heard on Monday April 5.The country's hot-rolled and cold-rolled coil producers are fully booked until late July, and HRC prices will soon touch $1,000 per tonne, sources believe.Price increases were a result of strong global demand and growing finished steel prices.F...Read More
Prices for rebar imports into Singapore have risen following an increase in ferrous scrap prices in the week to Monday April 5.Rebounding ferrous scrap prices in key import market Turkey have caused sentiment to improve among Turkish mills, which have been actively seeking materials to feed downstream long steel demand from Asia.Prices have reached as high as $430 per tonne cfr Turkey for United S...Read More
Import prices for hot-rolled coil in Asia could exceed $1,000 per tonne in the coming months, key market sources in the region told Fastmarkets."Given the rate at which prices are increasing, I won't be surprised if prices exceed or rise close to $1,000 per tonne in the remaining months of the second quarter," a flat steel trader in Southeast Asia told Fastmarkets.East Asian cargoes could be the f...Read More
Seaborne coking coal prices were largely steady on Monday April 5 amid an absence of buyers in China due to the country observing a public holiday for the annual Tomb-Sweeping Day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.04 per tonne, up $0.36 per tonnePremium hard coking coal, cfr Jingtang: $214.21 per tonne,...Read More
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, sources said.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $197.90 per tonne, up $9.77 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $221.84 per tonne, up $1.00 per tonne Key driversThe steelmaking restr...Read More
Fastmarkets opened a consultation on January 29, 2020, inviting feedback on its iron ore index methodologies in line with our annual methodology review process.The consultation was extended for a further month from March 3.The consultation sought to ensure that the specifications and methodology for our iron ore pricing continue to reflect the physical market. This includes all elements of our pri...Read More
Fastmarkets is proposing amendments to the specifications of its index for iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne (MBIOI-PT).Following feedback received under its open consultation on iron ore index methodologies, Fastmarkets is proposing a widening of the maximum ranges for two impurity components in its index for iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne (MBI...Read More
Wheaton Precious Metals (WPM), a TSX 60 stock moved above $US40.37 completing a reverse Head & Shoulders pattern. Kinross Gold (KGC), a TSX 60 stock moved above $US7.14 completing a double bottom pattern.Medtronic (MDT), an S&P 100 stock moved above $119.92 to an all-time high extending an intermediate uptrend. Micron (MU), a NASDAQ 100 stock moved above $95.75 to an all-time high extendin...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
EAFE iShares (EFA) moved above $77.17 to an all-time high extending an intermediate uptrend. NextEnergy (NEE), an S&P 100 stock moved above $76.34 completing a double bottom pattern. Alphabet moved to an all-time high extending an intermediate uptrend. GOOG moved above $2,152.68 and GOOGL moved above $2145.14NXP Semiconductor (NXPI), a NASDAQ 100 stock moved above $76.34 to an all-time high ex...Read More