Copper concentrate treatment and refining charges (TC/RC) fell in the second week of November while smelters in need of tonnes took to the market for nearby cargoes, sources told Fastmarkets on Friday November 13.Copper TC/RCs have ticked down after the range for spot terms between traders and smelters narrowed. As a result, Fastmarkets' copper concentrates TC index, cif Asia Pacific came in at $4...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
Copper concentrate treatment and refining charges (TC/RC) fell in the second week of November while smelters in need of tonnes took to the market for nearby cargoes, sources told Fastmarkets on Friday November 13.Copper TC/RCs have ticked down after the range for spot terms between traders and smelters narrowed. As a result, Fastmarkets' copper concentrates TC index, cif Asia Pacific came in at $4...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 13. China The spot ferro-silicon market held steady for a ninth consecutive week with spot cargoes mostly traded at the upper end of the range. Positive market sentiment remained, with participants expecting prices to strengthen amid supply tightness and a bullish futures market.The most-tr...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 13. Asia High stock volumes weakened sentiment for seaborne manganese ore of both grades. Liquidity was light as a result of miners having sold out their December volumes in the previous week. Traders of portside manganese ore raised their offer prices in response to stron...Read More
An overview of the aerospace materials markets and the latest price moves.Fastmarkets has reworked the market reports...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
The price of stainless steel scrap in Europe and the UK moved up this week because of tight supply and higher nickel costs, sources told Fastmarkets on Friday November 13.Fastmarkets' weekly assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?950-1,000 ($1,251-1,317) per tonne on Friday, up by ?20-50 per tonne week on week from ?930-950 per tonne.Prices in...Read More
Improving demand for finished and semi-finished steel products across the major outlets has increased scrap prices in the major markets over the week to Friday November 13.Turkish mills continued to pay more for deep-sea scrap cargoes, because they have secured a lot of rebar sales, while demand for billet in China drove up the prices in Asia. The supply of scrap, however, was tightening and suppo...Read More
The market for deliveries of steel scrap to domestic consumers in the UK has increased for contracts in November, bouncing on firm fundamentals, with tighter supplies into yards and strong demand from local and overseas buyers, industry sources said in the week to Friday November 13.The market to domestic steel mills and foundries, which is delivered on a monthly basis, has been settled at prices...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
China's battery-grade lithium carbonate producers continued to increase their offer prices in the week to Thursday November 12, citing reduced availability of materials, while the rest of the global market was characterized by limited spot buying appetite.China's battery-grade lithium carbonate producers remain bullish on the outlook for the rest of this year, pushing offer prices higher. China's...Read More
Continued growth in China's automotive sales and output during October has underpinned prices for some key upstream raw materials.China produced a total of 2.55 million vehicles last month, an increase of 11% from a year earlier, according to data released by the China Association of Automobile Manufacturers (CAAM) on Wednesday November 11. This marked the seventh consecutive month that both outpu...Read More
US hot-rolled coil prices continue to hover around $36 per hundredweight ($720 per ton) amid fears that scant spot availability could snarl downstream supply chains, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $35.96 per hundredweight on Friday November 13, little changed from $36 per cwt on November 12 and up 4.4% from $34.43 per cwt a we...Read More
Import prices for flat-rolled steel rose sharply in South America during the week to Friday November 13, with negotiations for January shipments starting to settle faster than expected due to drastically higher offers from China, market participants told Fastmarkets."China is increasing prices fast, and there is no doubt those higher offers are becoming predominant," one Brazil-based trader source...Read More
Indian mills were seeking a price increase of $20 per tonne for exports of steel hot-rolled coil because the domestic price of the commodity was expected to continue to rise for the rest of this year, Fastmarkets heard on Friday November 13.All three major Indian HRC exporting mills were currently out of the export market."[Indian mills] may consider prices of $555-565 per tonne fob for HRC export...Read More
The US Department of Commerce has set affirmative preliminary anti-dumping margins against imports of pre-stressed concrete (PC) steel wire strand from Indonesia, Italy, Malaysia, South Africa, Spain, Tunisia and Ukraine. Commerce found that PC strand was dumped into the United States at the following rates: Indonesia: 2.96-72.28% Italy: 3.67-19.26% Malaysia: 3.70-18.93% South Africa: 59.27% Spain...Read More
Domestic steel rebar prices in Poland held steady in the week to Friday November 13, despite weakening buying activity, sources told Fastmarkets.During the assessment week, purchasing slowed down in the Polish rebar market, although local producers were "not ready for any significant price cuts," market participants told Fastmarkets."Demand is worse than in October, but mills a...Read More
Eastern China's domestic prices were unchanged on Friday November 13 amid healthy demand ahead of the weekend despite early losses in the futures market. Spot prices in the region ended the week 170 yuan per tonne higher, however. DomesticEastern China (Shanghai): 4,060-4,090 yuan ($614-619) per tonne, unchanged Northern China (Beijing) weekly assessment: 3,930-3,960 yuan per tonne, up by 170 yuan...Read More
The price of stainless steel scrap in Europe and the UK moved up this week because of tight supply and higher nickel costs, sources told Fastmarkets on Friday November 13.Fastmarkets' weekly assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?950-1,000 ($1,251-1,317) per tonne on Friday, up by ?20-50 per tonne week on week from ?930-950 per tonne.Prices in...Read More