Iron ore prices fell on Friday March 19 amid tighter emission restrictions imposed in Tangshan until the end of June, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $161.39 per tonne, down $5.23 per tonne62% Fe low-alumina fines, cfr Qingdao: $161.67 per tonne, down $5.31 per tonne58% Fe fines high-grade premium, cfr Qingdao: $148.05 per tonne, down $4.53 per tonne...Read More
China's hot-rolled coil prices continued to gain strength on Friday March 19, rising to their highest since August 2018 following the announcement of a new round of production cuts in Tangshan, in northern China.DomesticEastern China (Shanghai): 4,990-5,050 yuan ($767-776) per tonne, up 40-70 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,920-4,950 yuan per tonne, up 30-90 yuan per...Read More
Deliverable stocks of base metals, with the exception of copper and aluminium, in Shanghai Futures Exchange-registered warehouses decreased during the week to Friday March 19, with nickel posting the largest decline in percentage terms at 16.2%.Nickel inventories stood at 10,563 tonnes on Friday, down by 2,040 tonnes from 12,603 tonnes one week ago, according to the exchange's latest stocks report...Read More
Almost 200,000 tonnes of aluminium were cancelled on Friday March 19, London Metal Exchange warehouse data showed, while most futures prices traded sideways with only tin dropping nearly 2%. Some 198,950 tonnes of aluminium were freshly cancelled on Friday and entirely in the Port Klang, Malaysia warehouses. This is the biggest cancellation after the 650,000-tonne intake of material on March...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in...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 standard grade, in-whs Rotterdam,...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 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
The cost of flat-rolled stainless steel in Europe rose during the week to Friday March 19 on supply constraints and firm demand, despite the substantial decrease in the price of nickel three weeks ago, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe was ?,?2,800-2,850 ($3,343-3,403) pe...Read More
Key data from the pricing session in London on Friday March 19. Key drivers:Prices for ferro-molybdenum and molybdic oxide continued to decline amid ample availability and slow consumer demand for the former; and trader selling for the latter, following...Read More
The European charge and high-carbon ferro-chrome benchmark for the second quarter of 2021 has leapt up to $1.56 per lb Cr, a jump of 38.5 cents (32.77%) from the first quarter. The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa. The benchmark is a forward-looking price for the coming quarter. It is settled...Read More
A lack of vessels at Japanese ports has resulted in low liquidity for imported ferrous scrap in the key market of Vietnam in the week to March 19, market sources told Fastmarkets.There was market chatter that Vietnamese mills had bought Japanese H2 cargoes at $425 per tonne cfr southern Vietnam on Thursday, although a trader said this was for Hong Kong-origin H1&H2(50:50) and that the equivalent p...Read More
The recent price plunge for imported containerized ferrous scrap into Taiwan started to ease this week amid increasing seller resistance to slash offers further, sources told Fastmarkets during the week to Friday March 19.Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $390-395 per tonne on Friday, down by...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
Zinc's futures price showed the biggest fall among the base-metals complex at the close of trading on the London Metal Exchange on Thursday March 18, with consolidation in the complex continuing, while tin's price edged close to the $26,000 per tonne mark.Zinc was trading at $2,792 per tonne at the 5pm close on Thursday after being above the $2,800 per tonne mark for the past week. Its closing pri...Read More
London Metal Exchange nickel was the only metal to make small gains on Thursday March 18 morning, with the rest of the complex trading sideways following the US Federal Reserve's reiterated stance on interest rates on Wednesday evening."Fed Chair Jerome Powell said there's no need to react to climbing Treasury yields [with the 10-year notes yield hitting 1.73 on Thursday morning because] officials...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
European ferro-titanium producers have started negotiations for deliveries of the alloy to consumers in the steel sector between April and June, and while no prices have yet been discussed, an acute shortage of titanium scrap will be a key issue for suppliers, producers told Fastmarkets this week.Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and...Read More
South African manganese miner UMK will stop road transportation of manganese ore due to significant pressure from rising logistical costs, a company spokesperson told Fastmarkets on Thursday March 18.While the miner will honor existing contractual obligations, it will not pursue further road transportation options due to rising freight costs making certain export channels economically unfeasi...Read More