Seaborne premium hard coking coal prices in the fob and cfr markets diverged on Monday February 22 with new transactions heard, Fastmarkets was told.Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.05 per tonne, down $4.08 per tonnePremium hard coking coal, cfr Jingtang: $223.39 per tonne, up $5.91 per tonneHard coking coal, fob DBCT: $130.07 per tonne, down $4 per tonneHard coking coal...Read More
Iron ore prices increased on Monday February 22 on support from an increase in steel prices, although emissions restrictions in Tangshan area are likely to restrict operations, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $175.96 per tonne, up $2.41 per tonne62% Fe low-alumina fines, cfr Qingdao: $175.98 per tonne, up $1.98 per tonne58% Fe fines high-grade premi...Read More
China allowed five cargoes of Australian coking coal to be unloaded last week after a wait of several months, industry sources told Fastmarkets on Monday February 22.Of these cargoes, four were unloaded in Jingtang port and one in Caofeidian port.The vessels had been waiting at anchorage along Jingtang port and Caofeidian port in Hebei province, China, for months, the sources said.It remains uncle...Read More
China's domestic rebar prices moved up sharply on Monday February 22 amid a return of end users in the market, which raised demand and made market participants bullish.DomesticEastern China (Shanghai): 4,600-4,640 yuan ($709-715) per tonne, up by 130-140 per tonne More end users returned to the market from their Chinese New Year break during the day, which strengthened demand for rebar significant...Read More
Prices for seaborne iron ore concentrate increased in the week ended Friday February 19 along with a strengthening of the derivatives market while those for pellets softened from recent highs amid a slow recovery of demand after the Chinese New Year holiday.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $192.61 per tonne, up $8.14 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $...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.Fastmarkets assessed...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, $/lb at 23.50-24.00 on Monday February 22, 2021....Read More
Key data from Fastmarkets' pricing session in London on Friday February 19.Key drivers Antimony prices in Europe continued to rise, following sharp price increases in China, due to an unceasing antimony ore shortage that forced some producers in Hunan - the country's antimony production hub - to halt or suspend operations. Traders are monitoring replacement...Read More
Key data from Fastmarkets' pricing session in China on Friday February 19.Key drivers Chinese producers raise offer prices amid antimony concentrate shortage and stockpiling interest from buyers. Many producers in Hunan province, which is China's antimony production hub, have suspended...Read More
Prices for rebar imports into Singapore increased in the week to Monday February 22 on bullish sentiment caused by the return of Chinese steel market participants, sources told Fastmarkets.Both Turkish and Chinese steel mills had raised their offers against a bullish backdrop after the Lunar New Year holidays.A major east China steel mill was the only supplier for Chinese rebar, offering at $660 p...Read More
Manganese ore prices edged higher on Friday February 19 due to soaring freight rates and a stronger rand pushing up production costs.Manganese ore prices edged higher on Friday February 19 due to soaring freight rates and a stronger South African rand pushing up production costs, while stronger manganese alloy futures supported downstream sentiment. Fastmarkets' manganese ore index 37% Mn, cif Tia...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed, although copper prices on both exchanges remain strong this morning, Tuesday February 23, while tightness on the LME dominates.There are cross currents flowing through the market; sentiment is strong while people look forward to a super-charged economic recovery once vaccines allow a return to a more normal w...Read More
Charter Communications (CHTR), a NASDAQ 100 stock moved below $593.09 extending an intermediate downtrend.Intuitive Surgical (ISRG), a NASDAQ 100 stock moved below $735.64 completing a double top pattern.Advanced Micro Devices (AMD), a NASDAQ 100 stock moved below $84.61 extending an intermediate downtrend.MercadoLibre (MELI), a NASDAQ 100 stock moved below $1,700.00 completing a double top patter...Read More
Here are five Fastmarkets stories you might have missed on Friday February 19 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on February 19 after being forced to stop output at its steel unit...Read More
Here are five Fastmarkets stories you might have missed on Friday February 19 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on February 19 after being forced to stop output at its steel unit...Read More
Here are five Fastmarkets stories you might have missed on Friday February 19 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on February 19 after being forced to stop output at its steel unit...Read More
Here are five Fastmarkets stories you might have missed on Friday February 19 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on February 19 after being forced to stop output at its steel unit...Read More
Here are five Fastmarkets stories you might have missed on Friday February 19 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on February 19 after being forced to stop output at its steel unit...Read More
Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on Friday February 19 after being forced to stop output at its steel unit and its coal and iron ore mines due to a shortage of fuel and energy. Ahmsa secured most of the energy supply needed by its mining and steel units and was able to re-establish gas supply at 50% of the normal p...Read More
Italian steel distributors' association Assofermet has sent a letter to the European Commission highlighting distortion in the European Union carbon and stainless flat steel market caused by anti-dumping and safeguard measures. The association has specifically asked not to prolong existing safeguard measures into steel imports beyond their expiration on June 30 this year, it said on Wednesday Febr...Read More