Key data from Fastmarkets' pricing session in Europe on Wednesday January 27.Key drivers European titanium scrap markets were steady over the past week, consolidating strong gains from the week before, with ferro-titanium producers competing for tight feedstock supplies. Vacuum-grade and sponge are also being sought at elevated prices due to low supplies of scrap turnings and solids. Scrap pr...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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...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 18.50-19.30 on Wednesday January 27, 2021.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
Ferro-chrome prices in China's domestic and import markets soared again in the week to Tuesday January 26, due to restricted production in the north of the country and a leap in tender values.On January 21, Taiyuan Iron & Steel (Tisco) set its tender price for February-delivery high-carbon ferro-chrome at 8,000 yuan ($1,235) per tonne, up by 2,200 yuan per tonne (38%) from 5,800 yuan per tonne off...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Thursday January 28, after market sentiment across the board has turned more cautious.* Asian-Pacific equities and major western pre-market equity index futures were weaker this morning* US Dollar Index firmed on Wednesday while equities sold-offBase metalsThere were more falle...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures recovered slightly following release of economic news at 8:30 AM EST. Consensus for fourth quarter annualized real U.S. GDP was an increase of 4.0% versus a gain of 33.4% in the third quarter. Actual was 4.0%. Consensus for Weekly Jobless Claims was 875,000 versus upwardly...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 26 that are worth another look.The Russian government is considering stricter scrap export restrictions to combat rises in prices for finished steel used in the domestic construction sector, Fastmarkets has learned.A global shortage...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 26.Please click...Read More
Tin and lead's forward prices on the London Metal Exchange continued their advances, with rises of over 1.5% on Tuesday January 26 and tin nearing the $23,000 per tonne mark, supported by falling stocks and a lower dollar index. Tin's price reached yet another new year-to-date high during trading of $22,900 per tonne on Tuesday, nearing the July 9, 2014 intraday high of $22,950 per tonne. The met...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 26.Please click...Read More
An overview of the chrome ore and alloy markets on Tuesday January 26 and their latest price moves.China Spot ferro-chrome prices surged again after major stainless steel mills hiked their February tender prices following production cuts in Inner Mongolia. Ongoing bullish momentum in ferro-chrome prices in China underpinned the soaring charge chrome market. The UG2 chrome ore market also edged up...Read More
Freeport-McMoRan said its Indonesian unit, PT-FI, has advanced discussions with the majority-owner of the country's Gresik smelter regarding an expansion by around 30%. This would see the smelter's concentrate treatment capacity rise by around 300,000 tonnes per year and would reduce PT-FI's commitment to develop a new smelter in Indonesia to 1.7 million tpy from 2 million tpy, Freeport said.The t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 26 that are worth another look.The Russian government is considering stricter scrap export restrictions to combat rises in prices for finished steel used in the domestic construction sector, Fastmarkets has learned.A global shortage...Read More
A sharp increase in China's cobalt metal imports last year was a consequence of refineries' efforts to hedge against tightening upstream supply, and trader moves to lock in profits during times of a favorable import arbitrage, market participants told Fastmarkets. And these participants expect imports to remain elevated in 2021.A total of 6,192 tonnes of cobalt metal was shipped to China over the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 26 that are worth another look.The Russian government is considering stricter scrap export restrictions to combat rises in prices for finished steel used in the domestic construction sector, Fastmarkets has learned.A global shortage...Read More
Ferrous scrap prices in Mexico have held steady or moved up marginally week on week, but market participants indicated that prices may have peaked, noting growing talk of price cuts.Fastmarkets' price assessments edged up in the country's central Baj?-o region. Some market participants reported that consumers applied increases, which had been announced in the week to January 15, to their buying pr...Read More
Turkish steel mills continued to stay away from the deep-sea scrap import market, on continuing poor demand for steel billet and finished long steel, sources told Fastmarkets on Tuesday January 26.Steel producers in Turkey have been quiet in the deep-sea markets since last week and have been seeking lower prices.The most recent transaction was heard on Wednesday January 20 at $440 per tonne c...Read More