China's domestic rebar prices experienced a sharp retreat on Wednesday December 23 after several days of sharp increases, amid falling futures and weaker demand.DomesticEastern China (Shanghai): 4,460-4,480 yuan ($681-685) per tonne, down by 220 yuan per tonneThe sharp price increases over the first two days of this week kept demand at a minimum, which led sellers under pressure to destock to slas...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 23.Key drivers The ferro-titanium price jumped by more than 5% in the week to Wednesday December 23, reaching a peak last seen in November 2012 when the price range was assessed at $7.90-8.25 per kg.Market activity has slowed close to the end-of-year holiday season, although deals were reported at higher...Read More
The publication of Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, was delayed on December 23 because of a reporting error. The Fastmarkets price book and database have both since been updated. The affected price is: MB-CO-0021 Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) For more information or t...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 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....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,...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 23. Key driversDomestic antimony ingot suppliers raised offer prices significantly in response to mounting buying interest.The lingering difficulty in sourcing ore from overseas market continues to lend solid support to domestic antimony prices because suppliers have become more cautious about selling cargoes on hand wi...Read More
The price paid both for low-carbon and high-carbon ferro-chrome have strengthened amid persistent worries about soaring international freight costs.Despite mixed fortunes in end-user demand such as aerospace and automotive, these concerns have resulted in firmer demand for material from consumers wanting to avoid a shortage of feedstock Low carbon ferro-chrome delivered in Europe was stable at the...Read More
Both spot and futures silico-manganese prices in China have risen significantly over the past month, helped by comparatively limited availability of spot cargoes at Chinese smelters' warehouses and steady demand from steel mills, market sources told Fastmarkets.Fastmarkets' weekly price assessment of silico-manganese 65% Mn min, max 17% Si, in-whs China was 6,100-6,200 yuan ($932-947) per tonne on...Read More
World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.A total of 158.3 million tonnes of crude steel was produced in November by the 64 countries that report their statistics to the World Steel Association (Worldsteel), compared with 147.8 million tonnes in the same month in 2019.China, the world's biggest steelmaking...Read More
China will remove its 2% import tax rate on ferrous scrap and will revive its most-favored-nation (MFN) duty rate system from January 1, according to a notice released by its Ministry of Finance on Wednesday December 23.This will end the policy of restriction on solid waste imports that has been in place since July 1.Steel scrap listed under the HS codes 72042100...Read More
Domestic transaction prices for hot-rolled coil increased substantially across Europe in the week to Wednesday December 23 due to a shortage of material in the market, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?665.00 ($811.65) per tonne on Wednesday December 23, unchanged day on day.The index was, however, up by ?,?19...Read More
Base metals prices on the Shanghai Futures Exchange were up across the board this morning, Thursday December 24, while those on the London Metal Exchange were mixed.Metals and broader markets seem to be settling down ahead of the Christmas and New Year holidays, with dips still being bought, suggesting markets are content to consolidate while many cross currents muddy the waters.Markets seems to b...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.The British Pound moved higher on news that the United Kingdom and Europe are set to announce a Brexit trade deal.Alibaba dropped $8.76 to $247.42 after the Chinese government launched an anti-trust probe on the company. On the charts, the stock moved below $252.55 completing a modified He...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 22 that are worth another look.Russia is set to impose early next year a temporary increase to its export duty on ferrous scrap exports to combat the threat of a shortage of steelmaking raw...Read More
Chilean copper producer Codelco signed a new 36-month labor agreement with supervisors and overall management at its Chuquicamata division, the company said on Tuesday December 22.The parties agreed to no pay raises and a 3.6 million Chilean pesos ($4,944) bonus, according to the miner. The new contract will go into effect on April 1, 2021.This followed a series of labor deals signed with no salar...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 22.Please click on the thumbnail...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 22 that are worth another look.Russia is set to impose early next year a temporary increase to its export duty on ferrous scrap exports to combat the threat of a shortage of steelmaking raw...Read More