Domestic prices for hot-rolled coil in Northern Europe jumped day on day on Monday January 11 following an offer rise announcement from ArcelorMittal last Friday, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?688.00 ($840.40) per tonne on Monday January 11, up by ?,?20.50 per tonne from ?,?667.50 per tonne on Friday....Read More
Brazil's export volumes of ferrous scrap continued to fall in December 2020 on increased efforts to supply the domestic market, a trend that had gained traction throughout the second half of the year.Data from the country's Ministry of Economy showed that scrap exports totaled 16,104 tonnes in December, a significant 75.1% year-on-year drop from 64,747 tonnes. Volumes were also down by 46.6% from...Read More
Turkish steel mills have continued to book deep-sea scrap cargoes from various locations at firm prices, sources told Fastmarkets on Monday January 11.A steel mill in the Iskenderun region booked a United States-origin cargo comprising HMS 1&2 (90:10) at $485 per tonne, and bonus and shredded at $492 per tonne cfr. A steel mill in the Marmara region booked a European cargo of HMS 1&2 (80:20) at $4...Read More
Turkish auto bundle scrap prices have gone down slightly over the past week in line with the strengthening of the country's lira against the US dollar, market sources said on Monday January 11.Domestic prices for long steel products and, therefore, auto bundle scrap in Turkey typically decrease in line with the stronger lira because mills buy most of their raw materials in dollars and sell their f...Read More
The seaborne hard coking coal cfr price rose by $1 per tonne to $196.03 per tonne cfr China on Monday January 11 while coke producers in parts of China proposed a 13th round of domestic price increases of around 100 yuan ($15) per tonne - effective from 12am China time on January 13, Fastmarkets understands.Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.93 per tonne, unchangedPremium...Read More
Iron ore prices mostly declined on Monday January 11 along with futures, however, high-grade fines performed well due to tight supply, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.13 per tonne,down $0.93 per tonne62% Fe low-alumina fines, cfr Qingdao: $172.25 per tonne,down $1.08 per tonne58% Fe fines high-grade premium, cfr Qingdao: $157.87 per tonne,down...Read More
China's regulatory reboot to again become a major steel scrap importer is likely to cause supply problems for other consumers of Japanese material, market participants have told Fastmarkets.The first deals signed by Chinese companies after rules changed on December 31 to officially allow the restart of scrap imports to China have all been for vessels of Japanese material.If this continues, China's...Read More
Australia's Port of Port Hedland shipped 12% more iron ore in December than in November, data from the Pilbara Ports Authority released on Friday January 8 show.Iron ore exports to China also increased month on month, according to the statistics.The Port of Port Hedland exported 46.5 million tonnes of iron ore in December, compared with 41.6 million tonnes in November. Year on year, last month's e...Read More
China's domestic rebar prices decreased slightly on Monday January 11 despite tumbling futures, with a recovery in end-user demand providing some support to the spot market.DomesticEastern China (Shanghai): 4,480-4,500 yuan ($692-695) per tonne, down by 10-20 yuan per tonneTemperatures in eastern China have risen gradually in the past two days and the weather has been forecast to be mild over the...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...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
Soaring freight rates and tightening availability for prompt material pushed European manganese flake prices to a three-year high in the week ended Friday January 8, with more increases expected this week, market sources have told Fastmarkets.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam, jumped by 6.8% to $2,450-2,550 per tonne on Friday from th...Read More
Key data from Fastmarkets' Friday January 8 pricing session in London.Key drivers- Antimony was trading at its highest price since April 2019, with tight raw material supply, limited container space and high freight costs continuing to bite, and rises also aided by a...Read More
Key data from Fastmarkets' pricing session in China on Friday January 8.Key drivers China's silicon exporters lowered their offers amid weakened domestic prices and after receiving limited overseas inquiries. Domestic prices for silicon grade 5-5-3 in China dropped...Read More
Key data from the Friday January 8 pricing session in Shanghai. Key drivers Chinese manganese flake exporters raised their offers following gains in the domestic market, where prices rose to around 15,000 yuan ($2,316) per tonne from around 14,000 yuan per tonne before the New Year holiday (January 1-3). Market...Read More
Base metals prices were for the most part weaker during morning trading on Monday January 11, while the dollar was firmer in line with strong US treasury yields. Asian-Pacific equities were mixed, while pre-market major western equity index futures were weakerBase metals Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, the exceptions were lead...Read More
Molybdic oxide and ferro-molybdenum prices gained ground in the week to Friday January 8 on a mixture of renewed trader buying interest and limited inventories. Fastmarkets' price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam settled at $24.80-25.10 per kg on Friday, up from $24.50-25.10 per kg midweek. The price is up 7.5% since the end of 2020 when it stood at $22.90-23.50 pe...Read More
The seaborne prices of both low- and high-grade manganese ore rose sharply in the week ended Friday January 8 after miners successfully raised their offer prices for February shipments with strong buying appetite from the alloy sector. Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by 41 cents (10%) week on week to $4.53 per dry metric tonne unit (dmtu) on Friday from $4.12 per d...Read More
After further weakness in the base metals on Monday January 11, that saw the complex close down by an average of 1.5%, prices were up across the board on the London Metal Exchange this morning. But those on the Shanghai Futures Exchange were down while they followed yesterday’s performance on the LME.* Asian-Pacific equities were mixed this morning* Gold prices were rebounding this morning, a...Read More
AbbVie (ABBV), an S&P 100 stock moved above $67.00 to an all-time high extending a long term uptrend.Xcel Energy (XEL), a NASDAQ 100 stock moved below $63.91 extending an intermediate downtrend. General Motors (GM), an S&P 100 stock moved above $46.71 extending an intermediate uptrend. O'Reilly Automotive (ORLY), a NASDAQ 100 stock moved above $487.95 to an all-time high extending an inter...Read More