Base Metal Stock Articles

CONSUMER ELECTRONICS MARKET REPORT 13/01: Tight spot supply, logistics constraints buoy cobalt hydroxide

January 14, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More

TITANIUM SNAPSHOT: European alloy prices rise amid firm Asian interest

January 14, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday January 13.Key drivers The European ferro-titanium market followed a slow start to the year with another low-key trading week, although strong buying interest in Asia was encouraging higher offer prices in Europe. Only a few truckloads of alloy were reported being sold at $7.80 per kg delivered in Europe.Most business was repor...Read More

TITANIUM SNAPSHOT: European alloy prices rise amid firm Asian interest

January 14, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday January 13.Key drivers The European ferro-titanium market followed a slow start to the year with another low-key trading week, although strong buying interest in Asia was encouraging higher offer prices in Europe. Only a few truckloads of alloy were reported being sold at $7.80 per kg delivered in Europe.Most business was repor...Read More

DAILY STEEL SCRAP: Sentiment turns negative in quiet market

January 14, 2021 / Staff reporter

The Turkish deep-sea markets remained largely silent on the third working day of the week, but with sentiment beginning to turn negative, sources said on Wednesday January 13.After a number of steel scrap cargoes were booked at the end of last week, the mills stepped back from deep-sea bookings."The number of offers is increasing, especially from US merchants. I think this might be a sign of a dow...Read More

Falling China aluminium scrap market drags down Asia ADC 12 prices

January 14, 2021 / Staff reporter

Aluminium alloy ADC 12 prices in China and Japan continued to trend down in the week to Wednesday January 13 on reduced production costs after the price of aluminium scrap - used as a raw material - weakened. Fastmarkets assessed the price of aluminium ingot ADC12, exw dp China at 16,600-16,800 yuan ($2,567-2,598) per tonne on Wednesday, down 200-400 yuan per tonne from 16,800-17,200 yuan per...Read More

MORNING VIEW: Base metals prices consolidating below highs, above recent dips; all eyes on nickel

January 14, 2021 / Staff reporter

After strong gains on the London Metal Exchange on Tuesday January 12, when prices closed up with gains averaging 1.8%, prices were for the most part little changed this morning, with nickel the main mover.Nickel prices have been moving higher while the market reacts to a mining ban on the island of Tumbagan in the Philippines and as supply from miner SLN in New Caledonia continues to be disrupted...Read More

IN CASE YOU MISSED IT: 5 key stories from January 13

January 14, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday January 13 that are worth another look.Overseas buyers are opting to purchase Chinese cold-rolled coil and hot-dipped galvanized coil from smaller mills in China amid major exporters' high offers, sources told Fastmarkets in the past week.Canada-based miner Cornish Metals intends to float...Read More

EUROPE HRC: Domestic prices rise again but mills push for more

January 14, 2021 / Staff reporter

Domestic prices for hot-rolled coil have increased across Europe in the week to Wednesday January 13, with steelmakers targeting further price rises, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?691.25 ($840.90) per tonne on Wednesday, up by ?,?3.25 per tonne day on day from ?,?688.00 on Tuesday.The index was also up by...Read More

CHINA HRC: Prices drop further on low demand

January 14, 2021 / Staff reporter

China's hot-rolled coil prices continued to fall on Wednesday January 13 amid low demand.DomesticEastern China (Shanghai): 4,510-4,540 yuan ($698-702) per tonne, down 30-40 yuan per tonneSeveral Shanghai-based traders said that sellers there had to offer material at lower prices to win orders amid inactive trading.One trader said buyers were likely to keep waitin...Read More

EUROPE SECTIONS: Prices keep moving upward on feedstock limitations

January 14, 2021 / Staff reporter

Prices for steel hollow sections in Europe have moved upward on continued pressure from the price and availability of feedstock materials, sources told Fastmarkets on Wednesday January 13.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?820-850 ($998-1,034) per tonne on Wednesday, up from ?,?800-820 per tonne one week before.Producers have stru...Read More

EUROPE BEAMS: Prices jump as producers return to market

January 14, 2021 / Staff reporter

The price of steel H-beams in Europe has jumped this week, with producers returning to the market after pausing their offers ahead of the Christmas holiday break due to volatile market conditions, sources told Fastmarkets on Wednesday January 13.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?750-770 ($912-937) per tonne on Wednesday, up from ?,?70...Read More

NORTHERN EUROPE WIRE ROD: Prices jump on shortage, bullish scrap

January 14, 2021 / Staff reporter

Domestic prices for steel mesh-quality wire rod in the north of Europe unexpectedly surged in the week to Wednesday January 13, amid sharp increases in feedstock costs and persistent supply tightness, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe rose by ?,?45-70 per tonne, to ?,?675-700 ($821-851) per tonn...Read More

DAILY STEEL SCRAP: Sentiment turns negative in quiet market

January 14, 2021 / Staff reporter

The Turkish deep-sea markets remained largely silent on the third working day of the week, but with sentiment beginning to turn negative, sources said on Wednesday January 13.After a number of steel scrap cargoes were booked at the end of last week, the mills stepped back from deep-sea bookings."The number of offers is increasing, especially from US merchants. I think this might be a sign of a dow...Read More

IRON ORE DAILY: Firm demand supports lump premium

January 14, 2021 / Staff reporter

The seaborne iron ore lump premium rose on Wednesday January 13, supported by firm demand and limited supply, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.11 per tonne, down $2.56 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $2.10 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $156.92 per tonne, down $0.78 per tonne 65%...Read More

Iran steel billet, slab export prices stable, new deals made for billet

January 14, 2021 / Staff reporter

Iran's export prices for steel slab and billet remained stable over the week to Wednesday January 13, with about 30,000 tonnes of billet sold during the review period, sources told Fastmarkets.More deals were expected to be done later in the week, but most market participants did not expect any price increases because of the slowdown in the rate of global price rises.The sharp uptrend in global st...Read More

Southeast Asia steel billet offers flood market, prices inch down

January 14, 2021 / Staff reporter

Prices for cargoes of steel billet to Southeast Asia moved down slightly in the last day amid a sharp increase in material offered to the market, sources told Fastmarkets on Wednesday January 13.A steep drop in China's future markets - and subsequently rebar prices - led to several billet producing mills going to the market to offer cargo on Tuesday and Wednesday, market participants said.Blast fu...Read More

CHINA REBAR: Construction sites unaffected by Covid-19 so far

January 14, 2021 / Staff reporter

China's construction sites are still operating normally despite a rise in the number of Covid-19 cases but the seasonal demand drop continued to push down domestic rebar prices on Wednesday January 13. Domestic Eastern China (Shanghai): 4,350-4,370 yuan ($672-676) per tonne, down by 30 yuan per tonne Market sources attributed the 0.7% day-on-day drop on the seasonal drop off in demand. Constructio...Read More

EUROPE SECTIONS: Prices keep moving upward on feedstock limitations

January 14, 2021 / Staff reporter

Prices for steel hollow sections in Europe have moved upward on continued pressure from the price and availability of feedstock materials, sources told Fastmarkets on Wednesday January 13.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?820-850 ($998-1,034) per tonne on Wednesday, up from ?,?800-820 per tonne one week before.Producers have stru...Read More

TURKEY STEEL PIPE EXPORTS: Prices up again on rising material costs, firm demand

January 14, 2021 / Staff reporter

Turkish steel pipe export prices have continued to increase on rising raw material costs, sources said on Wednesday January 13.Fastmarkets' monthly price assessment for steel structural pipe, export, S235JR grade, EN10219, 2mm wall thickness, fob main port Turkey, was $820-830 per tonne on Wednesday, up from $730 per tonne on December 9.The Turkish pipemills were offering the material at $820-830...Read More

IN CASE YOU MISSED IT: 5 key stories from January 13

January 14, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday January 13 that are worth another look.Overseas buyers are opting to purchase Chinese cold-rolled coil and hot-dipped galvanized coil from smaller mills in China amid major exporters' high offers, sources told Fastmarkets in the past week.Canada-based miner Cornish Metals intends to float...Read More

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