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....Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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....Read More
China's steel scrap import market has remained quiet over the past few days amid dropping domestic prices, sources told Fastmarkets on Friday March 26.Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China was $455-460 per tonne on March 26, down by $5 per tonne from Thursday's price.Offers were heard at $480-490 per tonne cfr China for Japan origin heavy scrap (H...Read More
Vietnamese buyers have been seeking bulk deep-sea ferrous scrap to make up for a lack of supply from Japan, market sources told Fastmarkets.There was a confirmed transaction at $442 per tonne cfr Vietnam on a shredded basis for 32,000 tonnes of United States-origin scrap, mostly made up of shredded scrap. This is equivalent to a price of $437 per tonne cfr Vietnam for heavy melting scrap (HMS) 1&2...Read More
A price rebound for imported containerized ferrous scrap into Taiwan started during the week to Friday March 26 amid a lack of offers for both United States- and Japan-origin cargoes, sources told Fastmarkets.Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $395-400 per tonne on Friday, up by $8-10 from $387...Read More
Ferro-vanadium prices remained under pressure during the week to Friday March 26, with traders taking profit ahead of the end of the quarter amid a slowdown in end-user inquiries, market sources said.The market had been supported since the start of the year by tight prompt inventories and better-than-expected end-user demand, but prices have eased over the past two weeks amid a slowdown in spot ma...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 25 that are worth another look.Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told...Read More
The shorting of copper's three-month price on the London Metal Exchange on Thursday March 25 took the metal's futures price down by 2.2% day on day at the close.Copper's 5pm price on Thursday was $8,779.50 per tonne, a decrease of 3.6% since the start of the week. Its closing price on Monday was $9,108.50 per tonne, and on Wednesday it was $8,977.50 per tonne.The metal was now back to a level last...Read More
LME copper's price fell 2.6% in the morning session on Thursday March 25, while the tin futures price was down 2%, both the result of the rising US Dollar Index. The red metal was down to $8,741.50 per tonne at 9am and its intraday low of $8,721 per tonne is the lowest it has been since March 5. On Wednesday, copper's closing price at 5pm was $8,977.50 per tonne, a slight decline from Tuesday...Read More
Capstone Mining may be sitting on a major cobalt asset in the form of its Santo Domingo project in Chile, it said on Thursday March 25.The Canadian miner announced that it was looking to make progress at Santo Domingo toward a feasibility study, after buying out 30%-owner Korea Resources and agreeing a gold streaming deal with Wheaton Precious Metals.Wheaton has agreed to pay $290 million to Capst...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 25 that are worth another look.Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told...Read More
Turkish scrap import prices have gone down, as expected, with news of a UK cargo being sold at the end of last week coming to light on Thursday March 25.A steel mill in the Marmara region booked the cargo at $410-413 per tonne cfr on an HMS 1&2 (80:20) basis. The cargo breakdown was not clear at the time of publication.This compared with previous Baltic Sea cargoes sold at $435-437 per tonne cfr o...Read More
Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told Fastmarkets.Transit through the pivotal Suez Canal shipping lane has been blocked by the large containership Ever Given since late on Tuesday March 23, creating a traffic jam of more than 100 vessel...Read More
Cobalt buyers have continued to sit back from the spot market this week, triggering lower offers and further profit-taking after strong price gains over January and February. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam was $23.25-24.15 per lb on Wednesday March 24, widening downward by $0.25 from $23.50-24.15 per lb a day earlier.Similarly, the price assessment for co...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 25 that are worth another look.Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told...Read More
Domestic prices for hot-rolled coils across Europe continued to rise on Thursday March 25, amid strong demand and persistently short supplies, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?821.67 ($971.97) per tonne on Thursday March 25, up by ?,?1.67 per tonne and surpassing March 24's 12-year high of ?,?820.00 per tonn...Read More
The Brazilian chamber of construction industry, CBIC, has requested the federal government to reduce steel import duties amid tight supply and soaring prices.It made this request at a meeting between main industry groups that form part of the steel value chain in Brazil and representatives of the country's economy ministry, which discussed the current supply situation, on Tuesday March 23.The even...Read More
Steel rebar prices in Egypt remained unchanged during the week to Thursday, March 25, while buyers expect prices to decrease for orders to be placed for April production, sources told Fastmarkets.Local rebar prices in Egypt have been left unchanged since December 27.The reason behind such stable prices is the construction ban in effect in the country since May 2020. Even after the ban was eas...Read More
Turkey's domestic long steel prices increased over the past week because of the sharp downturn in the country's currency, market sources said on Thursday March 25.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey was 5,550-5,650 lira ($701-713) per tonne on Thursday, up from 5,300-5,480 lira per tonne the week before, including 18% VAT.The Turkish lira we...Read More
Turkish rebar and wire rod export prices fell in the week to Thursday March 25, due to limited demand and falling imported scrap costs, market sources told Fastmarkets.Steelmakers in the country have been struggling to find buyers for rebar and wire rod since last week and have reduced their offer prices to attract business.Turkish rebar was on offer at $620-625 per tonne fob on an actual-weight b...Read More