Base Metal Stock Articles

NEW ENERGY MATERIALS MARKET REPORT 19/03: Cobalt metal prices continue downtrend amid quiet buying

March 20, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More

Nationwide freight strike in Peru puts copper, zinc and lead exporters on alert

March 20, 2021 / Staff reporter

A strike by transport workers in Peru has disrupted the movement of metal concentrate between mines and key ports such as Callao, in Lima. The strike by freight carriers began on Monday February 15, affecting commercial trucking for all products and has emerged due to high fuel and toll costs, among other grievances, according to local media outlet El Comercio. Peru was the world's top exporter of...Read More

GLOBAL MANGANESE SNAPSHOT: Seaborne ore prices drop on buyer resistance

March 20, 2021 / Staff reporter

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 19.China Seaborne low- and high-grade manganese ore prices dropped after miners encountered strong resistance among buyers, who launched aggressive counter-bids. Portside low- and high-grade manganese ore markets slipped again, driven by falling silico-manganese futures prices, with many selle...Read More

COPPER CONCS SNAPSHOT: TC/RCs rebound for the first time in 2021

March 20, 2021 / Staff reporter

Spot copper concentrate processing charges rebounded for the first time so far this year on Friday March 19, following 11 consecutive weekly declines. Fastmarkets calculated its benchmark copper concentrate treatment and refining charge (TC/RC) index, cif Asia Pacific at $28.10 per tonne/ 2.81 cents per lb for the week ended Friday March 19. Last week, the index dipped below $30...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 19/03: Ferro-vanadium moves down as traders take profit, end-user inquiries slow

March 20, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

AEROSPACE MATERIALS MARKET REPORT 19/03: Cobalt drops in China on thin buying interest

March 20, 2021 / Staff reporter

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in...Read More

STEEL SCRAP WRAP: Global prices soften further on weak demand, freight issues

March 20, 2021 / Staff reporter

Global steel scrap prices continued to fall over the week ended Friday March 19, with market participants battling against the disruptions in the bulk freight sector.Turkey goes quiet despite rise in available cargoesUS sellers expect Turkey to return for scrap soonLack of free vessels hobbles Vietnam import businessBuying slows in China amid weaker appetite for scrapSellers to Taiwan resist furth...Read More

UK STEEL SCRAP WEEKLY: Light iron price drops in line with deep-sea exports

March 20, 2021 / Staff reporter

The market for light iron steel scrap in the UK dropped in the week to Friday March 19, tracking a similar move in the European deep-sea export markets to Turkey and the Indian subcontinent, although British domestic supply tightness should support prices in the near term, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-m...Read More

SOUTH ASIA STEEL SCRAP: Prices tumble on weak market conditions

March 20, 2021 / Staff reporter

Prices for shredded steel scrap imported into India and Pakistan fell in the week to Friday March 19 due to weak market conditions and poor demand from buyers, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $427.50 per tonne on Friday, down from $450.83 per tonne the week previous.A deal was heard at $425 per tonne for...Read More

Nationwide freight strike in Peru puts copper, zinc and lead exporters on alert

March 20, 2021 / Staff reporter

A strike by transport workers in Peru has disrupted the movement of metal concentrate between mines and key ports such as Callao, in Lima. The strike by freight carriers began on Monday February 15, affecting commercial trucking for all products and has emerged due to high fuel and toll costs, among other grievances, according to local media outlet El Comercio. Peru was the world's top exporter of...Read More

GLOBAL LITHIUM WRAP: Seaborne Asia prices play catch-up

March 20, 2021 / Staff reporter

Battery-grade lithium prices in the seaborne Asian market broadly continued to follow the strong momentum previously seen in the domestic Chinese market, although upward movement there has been tempered since mid-March.The battery-grade lithium hydroxide price in the seaborne Asian market jumped by 9.5% week on week due to increasingly tight supply and firm demand. Both lithium carbonate and hydro...Read More

South American coil import market at a halt on China tax rebate uncertainty

March 20, 2021 / Staff reporter

Import activity in the South American flat-rolled steel market was nearly at a halt in the week ended on Friday March 19 due to growing uncertainty about the existing Chinese steel export tax rebate.Many importers have temporarily stopped trading China-origin material due to information that has circulated about possible reductions on China's export tax rebate for steel products, either...Read More

TURKEY FLAT STEEL: Strong local demand sends prices higher

March 20, 2021 / Staff reporter

Demand for flat-rolled steel was strong in Turkey's domestic market, and prices kept increasing during the week ending Friday March 19, sources told Fastmarkets.Hot-rolled coil and cold-rolled coil producers in Turkey were accepting orders to be produced in late July, and several import orders were placed.But production was halted by two automotive producers in Turkey - Tofas (March...Read More

FOCUS: Tougher new measures in China could shake ferrous markets in 2021

March 20, 2021 / Staff reporter

The never-before-seen measures meted out by China's Tangshan provincial government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all s...Read More

Indian domestic secondary billet prices fall slightly on weak demand for finished products

March 20, 2021 / Staff reporter

Indian domestic secondary billet prices fell by 100-200 rupees ($1-3) per tonne during the week to Friday March 19 on fewer inquiries and weakness in prices for finished products such as rebar.Fastmarkets' assessment of steel billet domestic, ex-works India was 38,500-38,800 rupees per tonne on Friday, down 100-200 rupees from 38,700-38,900 rupees per tonne ex-works last week."There will be a...Read More

POLAND LONG STEEL: Prices steady while sellers eye hikes on healthy demand outlook

March 20, 2021 / Staff reporter

Domestic rebar prices in Poland were largely supported over the week to Friday March 19 and sources said they expect continued good end-user demand and higher scrap values to lead prices higher. Rebar In the secondary market, buying activity was reported to be quite good during the assessment period, with some trading sources expecting March to be a record sales month for them, Fastmarkets heard....Read More

FOCUS: Tougher new measures in China could shake ferrous markets in 2021

March 20, 2021 / Staff reporter

The never-before-seen measures meted out by China's Tangshan provincial government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all s...Read More

US PIG IRON: Trading muted, but market still firm

March 20, 2021 / Staff reporter

Trading activity in the United States' pig iron import market remained muted but firm during the week to Friday March 19, sources said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $570 per tonne on Friday, unchanged from the previous week.Several sources put offers for material originating from the Commonwealth of independent States at $560 per tonne cfr and...Read More

Brazilian pig iron export market stable on lack of deals

March 20, 2021 / Staff reporter

No new deals were reported in the pig iron export market from Brazil during the week to Friday March 19, with the market remaining firm.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $520 per tonne on Friday, unchanged since March 5.Offers of pig iron for May-June shipment were reported...Read More

STEEL SCRAP WRAP: Global prices soften further on weak demand, freight issues

March 20, 2021 / Staff reporter

Global steel scrap prices continued to fall over the week ended Friday March 19, with market participants battling against the disruptions in the bulk freight sector.Turkey goes quiet despite rise in available cargoesUS sellers expect Turkey to return for scrap soonLack of free vessels hobbles Vietnam import businessBuying slows in China amid weaker appetite for scrapSellers to Taiwan resist furth...Read More

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