Seaborne iron ore prices were up on Friday January 29 amid firmer buying interest, market sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $158.54 per tonne, up $1.12 per tonne62% Fe low-alumina fines, cfr Qingdao: $159.05 per tonne, up $1.05 per tonne58% Fe fines high-grade premium, cfr Qingdao: $144.95 per tonne, up $1.14 per tonne65% Fe Brazil-origin fines, cfr Q...Read More
Seaborne coking coal prices in both the fob and cfr markets kept relatively flat on Friday January 29, with no deals heard during the day although sources do not believe the seaborne premium hard coking coal fob price will exceed $160 per tonne in the short term.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.92 per tonne, down $0.18 per tonnePremium hard coking coal, cfr Jingtang: $21...Read More
China's hot-rolled exporters raised their offers on Friday January 29 despite a declining domestic market amid to concerns over rebate cut for outbound shipments.DomesticEastern China (Shanghai): 4,440-4,460 yuan ($687-690) per tonne, down 60-70 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,350-4,420 yuan per tonne, up 20-40 yuan per tonneSpot prices in eastern China weakened due...Read More
China's domestic rebar prices were flat on Friday January 29 amid inactivity, with the situation set to be compounded next week when many market participants plan to make an early start to their holiday for the Chinese New Year.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($663-667) per tonne, unchangedNorthern China (Beijing) weekly assessment: 4,110-4,160 yuan per tonne, up 50 yuan per ton...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford and...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 19.15-20.00 on Friday January 29, 2021.Offer.....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 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.Fastmarkets assessed Cobalt sulfate...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher. Asian-Pacific equities and major western pre-market equity index futures were weaker this morningOverall the base metals are looking heavyBase metals Three-month alumini...Read More
The price of flat-rolled stainless steel in Europe increased strongly in the week to Friday January 29, on higher nickel costs and increasing demand, sources told Fastmarkets. Fastmarkets' weekly price assessment of stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?2,380-2,400 ($2,882-2,906) per tonne on Friday, up by ?,?80 per tonne week on week f...Read More
Three more Japanese scrap cargoes will land in China by early March, the China Iron & Steel Association (Cisa) said on Friday January 29.A 2,800-tonne parcel bought by Zhejiang Judong will load soon from Japan and land in early-February. The parcel was sold by Japan's Pinghe Trading.A 3,000-tonne parcel sold by Japanese trader Hanwa to eastern China steel mill Shagang will load in mid-to-late Febr...Read More
A resurgence of Covid-19 in Vietnam and the continual price falls in the Japanese domestic scrap market have dampened buying sentiment in the week to Friday January 29, sources told Fastmarkets.Offers for bulk Japanese H2 materials had initially been at $415-420 per tonne cfr Vietnam on Tuesday before falling to $400-405 per tonne cfr Vietnam by Wednesday.There was a transaction concluded at $380...Read More
The rally in China's domestic lithium prices continued to influence markets in the rest of Asia in the week to Thursday January 28, but trading has thinned in the run-up to the Lunar New Year holiday in mid-February. China's battery-grade lithium prices rose again due to limited spot availability and because some producers had stopped offering ahead of Chinese New Year. Asian battery-grade lithium...Read More
Copper concentrate treatment and refining charges (TC/RCs) continued to drop toward the end of January as smelters cover cargoes that look to be delayed from Chile and Peru.What you need to know China smelters covering short positions exacerbated by Chile, Peru delays High sea swells are preventing cargoes from leaving some ports in Chile Las Bambas shipments have started to resume A...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Tin's forward price rose by 1.5% in the week ended Friday January 29, while the rest of the base-metals complex on the London Metal Exchange, nickel and zinc in particular, showed lower prices than on Monday.This was blamed on several macro-economic factors turning sentiment downward for metals."With the exception of tin, across the board the base metal suite has come under pressure this week," St...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 29.China Sentiment among buyers has been dampened by falling silico-manganese futures prices and a smaller-than-expected increase in Hebei Iron & Steel's February purchase price for alloy, accompanied by a reduction in the tonnage the mill plans to procure.The portside market r...Read More