A summary of China's battery raw materials imports for November 2020.In briefChina's imports of cobalt intermediates dropped on a monthly basis, but still sat at a relatively high level for the year. Import appetite has been strong since the second quarter, with a majority of smelters operating with low inventories of feedstock following persistent supply disruptions since April. China's imports o...Read More
A summary of China's battery raw materials exports for November 2020.In brief China's cobalt metal exports fell to a single digit, recording the lowest level since June 2016. Export appetites have been relatively thin due to a stronger domestic Chinese market and sluggish overseas demand amid the Covid-19 pandemic fallout.China's lithium carbonate exports decreased in November both on a monthly an...Read More
Export deal prices for steel slab from the Commonwealth of Independent States (CIS) went up during the week to Tuesday December 29 on a strong hot-rolled coil (HRC) market, sources said.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS at $675-680 per tonne on December 29, up from $620-625 per tonne a week before. Sales of Ukraine-origin steel slab were...Read More
Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia were stable over the past week because of the Christmas and New Year holidays in most of the world, while buyers were confused about the direction of prices after sharp decreases in China, sources said on December 29.China's hot-rolled coil (HRC) prices continued to fall over the week to December 29 because of low trading,...Read More
Steel rebar and billet prices in the United Arab Emirates (UAE) remained stable over this assessment week after producers closed their order books a week ago and intend to announce new prices next week or later, sources said on Tuesday December 29.Domestic rebarThe country's steel producers sold rebar at 2,259-2,295.5 dirhams ($615-625) per tonne ex-works for orders to be produced in January last...Read More
Hot-rolled coil (HRC) exported from the Commonwealth of Independent States (CIS) went up during the week to Tuesday December 29 on new sales, sources said.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $725-755 per tonne on Tuesday, up from $710-720 per tonne a week earlier.Early in the week, sales of Russia-origin HRC were heard...Read More
The price of steel billet from the Commonwealth of Independent States (CIS) exported via the Black Sea jumped on a deal heard to the Gulf Co-operation Council (GCC) while some producers withdrew from the market due to the holiday period and on expectations prices would move even higher in January, Fastmarkets heard on Tuesday December 29.The booking for Ukraine-origin billet was heard to Qatar at...Read More
Seaborne iron ore prices declined again on Tuesday December 29 due to the cold wave in China suppressing operations at ports and leading to weakened steel demand, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $163.02 per tonne,down $0.83 per tonne62% Fe low-alumina fines, cfr Qingdao: $163.50 per tonne,down $1 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.15 p...Read More
The premium hard coking coal fob price edged up further on Tuesday December 29 after transactions concluded at higher prices late on Monday while in the cfr market, the hard coking coal price rose by $1 per tonne following the recent increase in the premium hard coking coal cfr price, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.88 per tonne, up $0.80 per tonnePremium h...Read More
The CME Group's cash-settled cobalt futures contract, which is tied to Fastmarkets' daily benchmark price assessment for the metal, was traded for the first time on Monday December 28. One lot was traded for each month of the first quarter of 2021 at $15.60 per lb. These are the first three lots to be traded since the contract's launch on December 14.The contract, traded under the Bloomberg ticker...Read More
A whitepaper published by the Chinese government on December 21 entitled "Energy in China's New Era" underlines Beijing's determination for the development of a green, low-carbon and sustainable energy sector."Building a clean and diversified energy supply system" is listed as one of the five action points that China needs to work on to develop its energy sector. The other four points center on en...Read More
Starbucks (SBUX), an S&P 100 stock moved above $106.09 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday December 30thU.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures are responding partially to news that the United Kingdom has authorized the emergency use of AstraZeneca's...Read More
Here are five Fastmarkets stories you might have missed on Monday December 28 that are worth another look.The Russian government is mulling over the introduction of export duties on rebar and billet to combat a sharp rise in domestic long steel prices, Fastmarkets heard...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama fell by 20.9% year on year at the end of November, according to data released on Friday December 25 by major Japanese trading house Marubeni Corp.Aluminium stocks at the three ports totaled 254,000 tonnes on Monday November 30, down by 67,200 tonnes from 321,200 tonnes in November 2019, according to the d...Read More
An overview of the new energy raw materials markets and their latest price moves.Sybil Pan, and...Read More
An overview of the new energy raw materials markets and their latest price moves.Sybil Pan, and...Read More
Here are five Fastmarkets stories you might have missed on Monday December 28 that are worth another look.The Russian government is mulling over the introduction of export duties on rebar and billet to combat a sharp rise in domestic long steel prices, Fastmarkets heard...Read More
China's State Reserve Bureau (SRB) is likely to conduct another round of cobalt metal stockpiling, sources close to the matter told Fastmarkets.A producer source told Fastmarkets that SRB sent them a notice late last week informing them of the prospective purchase, though the date for holding the tender has not been mentioned. The source expected that the purchase would take place after the New...Read More
Egyptian rebar producers raised their prices by Egyptian ?900-1,000 ($58-64) per tonne, effective Sunday December 27.The rebar prices in Egypt are now E ?13,350-13,654 per tonne ex-works, up from the E ?12,450-12,654 per tonne ex-works including 14% value-added tax announced last week.The country's biggest producer Ezz Steel is...Read More
China's State Reserve Bureau (SRB) is likely to conduct another round of cobalt metal stockpiling, sources close to the matter told Fastmarkets.A producer source told Fastmarkets that SRB sent them a notice late last week informing them of the prospective purchase, though the date for holding the tender has not been mentioned. The source expected that the purchase would take place after the New...Read More