A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 13.Please click...Read More
Tin premiums in the United States continued their pronounced rise in the week to Tuesday January 12, with shortages of material in the region driving continued panic-buying, while the metal's soaring price and tight spreads on the London Metal Exchange limited the spot-market opportunities in Europe.Panic buying sees US market strengthenEuropean demand hits plateau despite short supplyLME price br...Read More
Copper premiums have remained high in Asia but the physical markets in Europe and the United States were sluggish in light of futures prices breaking fresh highs late last week.Southeast Asia premiums remain global high pointShanghai EQ moves back to premium from discountsUS market foresees more active 2020.Shanghai copper premium at four-month highFastmarkets' copper grade A cathode premium, cif...Read More
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
The global zinc concentrates market is volatile and unpredictable at the best of times, but a global pandemic ramped up the turbulence by several notches in 2020.Spot zinc treatment charges (TCs) fell by more than 72% last year, the slide beginning after the Covid-19 pandemic forced major mines into government-mandated lockdowns.The nosedive in spot TCs - which are discounts to the exchange price...Read More
The three-month lead price made the biggest gains among the London Metal Exchange base metals complex on January 13, while the copper price closed above $8,000 per tonne, aided by a stable dollar index and the prospect of a new, trillion-dollar stimulus package in the United States. The lead price closed 1.5% higher on Wednesday at $2,051 per tonne at 5pm from Tuesday's closing price of $2,021 per...Read More
Seaborne coking coal prices in the fob market were higher across the board on Wednesday January 13 following a transaction sealed at a higher price. Fastmarkets indices Premium hard coking coal, fob DBCT: $114.38 per tonne, up $10.39 per tonne Premium hard coking coal, cfr Jingtang: $208.95 per tonne, up $0.76 per tonne Hard coking coal, fob DBCT: $102.29 per tonne, up $7.98 per tonne Hard coking....Read More
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
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More
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
Brass and bronze foundry H Kramer & Co has acquired phosphor copper producer Metallurgical Products Company, a source with direct knowledge of the matter confirmed to Fastmarkets on Wednesday January 13.The financial terms of the deal are not known yet, but the acquisition is understood to have been effective January 1, 2021.The Chicago-based H Kramer "had contracted plenty" in the past with Metal...Read More
The three-month lead price made the biggest gains among the London Metal Exchange base metals complex on January 13, while the copper price closed above $8,000 per tonne, aided by a stable dollar index and the prospect of a new, trillion-dollar stimulus package in the United States. The lead price closed 1.5% higher on Wednesday at $2,051 per tonne at 5pm from Tuesday's closing price of $2,021 per...Read More
Canada-based miner Cornish Metals intends to float a private placement of new common shares on the Alternative Investment Market (AIM) of the London Stock Exchange in the hope that proceeds from the fundraiser will advance one of its copper-tin projects in the UK, it said on Wednesday January 13.The Vancouver-headquartered miner said that, pending regulatory approvals, it proposed to raise ?5 mil...Read More
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
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
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
Flat steel prices in the Turkish domestic and export market were mostly unchanged in the first full week of 2021 after the festive holidays, while local producers were offering material with long lead times, which buyers were hesitant to accept, sources told Fastmarkets.Domestic pricesMarket activity was slow during the week to Friday January 8 because it was the first week of 2021 and some countr...Read More
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
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
The steel mesh-quality wire rod market in the south of Europe moved up in line with what sources had expected this week, with short availability and expensive scrap driving prices, market participants told Fastmarkets on Wednesday January 13.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?650 ($791) per tonne on Wednesday January 1...Read More