Zinc showed the biggest fall in its three-month price on the London Metals Exchange at the 5pm close on Friday December 11, with other base metals ending the week around established highs after days of rallying to new year-to-date peaks.The LME base-metals complex was boosted during the week by positive sentiment, driven by an expectation that the Food & Drug Administration (FDA) in the United Sta...Read More
Key data from Fastmarkets' pricing session in Europe on Friday December 11. Key drivers: European sellers reported strong export demand to Asia as the key tailwind for higher offers for 226 ingots, with some indicating that Asian buyers are increasing offers by ?,?100 ($121) per day. Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed due to a s...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 11.China Domestic spot prices hit a two-year peak amid looming concerns over supply tightness after Zhongwei city ordered ferro-alloys refineries to shut down to tackle pollution during winter period.The futures market responded sharply to the news of winter production cuts, with the most-t...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 11.China The seaborne price of low-grade manganese ore rose after miners successfully raised offer prices on support from higher portside prices and strong buying appetite from the alloy sector. The seaborne price of high-grade manganese ore inched upward amid positive market sentiment and...Read More
Spot copper concentrate treatment and refining charges were largely unchanged over the week to Friday December 11, reflected in hand-to-mouth buying from smelters. Fastmarkets' copper concentrates TC index, cif Asia Pacific was $44 per tonne on Friday, down from $44.80 per tonne a week before. Deals reported to Fastmarkets continue to show smelter buying between $47 and $49 per tonne for clea...Read More
An overview of the aerospace materials markets and their latest price moves. Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
The UK market for steel scrap deliveries to domestic steelmakers for monthly contracts increased for the second month in a row in December, against rallying European export markets and tight flows of scrap into British yards, industry sources said in the week to Friday December 11.The British market has also been affected by surging costs for containers for the export of metal goods internationall...Read More
Global steel scrap prices continued to increase throughout the week to Friday December 11 on active purchasing from steel mills and tight supply in the spot market.Turkey purchases at increasingly higher prices on tight supplyUS exporters see brisk trade on East CoastTaiwan sees continued shortage in containerized scrap supplySurge in Kanto Tetsugen auction cause H2 offers to spike in VietnamIndia...Read More
The price of shredded steel scrap imported into India and Pakistan crossed $400 per tonne on Friday December 11 as a result of high international prices and tight shipping availability, sources told Fastmarkets. India Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $401.81 per tonne on Friday, up from $380.65 per tonne one week earlier. Deals were he...Read More
Base metals prices on the London Metal Exchange were down across the board this morning, Friday December 11, this after copper, zinc, nickel and tin set fresh highs for the year either on Thursday or earlier this morning. There are many cross currents flowing through the markets - the US Covid-19 relief package continues to be delayed, a no-deal Brexit is still a high possibility and US initial jo...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
China domestic battery-grade lithium carbonate prices narrowed up by 2.3% week on week on Thursday December 10 supported by short supply, while other battery-grade prices were steady.China's battery-grade lithium carbonate price narrowed up on tight supply and buying from smaller consumers. Chinese producers insisted on higher prices for industrial-grade lithium carbonate. Europe and US lithium te...Read More
A persistent global uptrend and a quick shift to negotiations for March-shipment cargoes, in some cases, continued to drive import prices for flat-rolled steel in South America significantly upward during the week to Friday December 11.A few Chinese mills took the unusual decision to change their offer prices twice in the week. Demand remained strong, but market participants started to become caut...Read More
Domestic prices for hot-rolled coil increased day on day in Northern Europe on Friday December 11 due to a materials shortage in the market combined with good demand from distributors, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?606.25 ($734.10) per tonne on Friday, up by ?,?1.25 per tonne day on day from ?,?605.0...Read More
Demand for coated steel products in the domestic Turkish market was strong in the week to Friday December 11 while supply was still limited, sources told Fastmarkets.As a result, prices kept increasing during the week, reaching their highest levels since the end of 2012.Some coated coil producers sold limited quantities of product at the beginning of the week, and then closed their orderbooks.The...Read More
Rails made from "green steel" by Liberty France, a subsidiary of the Liberty Steel Group, have been approved for use on the French rail network by national service supplier SNCF R?(C)seau, the company said on Thursday December 10.The key focus for Liberty after it acquired the operations in August this year was to connect the Ascoval steelworks near Saint-Saulve with the Hayange rail mill in Mosel...Read More
Domestic steel rebar prices in Poland leapt upward over the week to Friday December 11, driven by short supply and rising scrap costs, and market participants expected further rises in the first quarter of 2021, Fastmarkets has heard.Polish producers had no more December-rolling rebar available, market sources said."ArcelorMittal and CMC Zawiercie had no December rolling, and there are no new pric...Read More
Chinese rebar exporters were more active this week amid an increase in overseas prices that made China-origin cargoes more attractive to potential buyers.DomesticEastern China (Shanghai): 4,200 -4,230 yuan ($642-647) per tonne, up by 130 yuan per tonneNorthern China (Beijing) weekly assessment: 3,840-3,870 yuan per tonne, up by 140 yuan per tonneThe May rebar contract on the Shanghai Futures Excha...Read More
The UK market for steel scrap deliveries to domestic steelmakers for monthly contracts increased for the second month in a row in December, against rallying European export markets and tight flows of scrap into British yards, industry sources said in the week to Friday December 11.The British market has also been affected by surging costs for containers for the export of metal goods internationall...Read More