The latest forecasts from Fastmarkets' team of analysts are ready to view.Prolonged flooding in China could limit the use of construction steel and drag down demand for steel rebar in the short term, which in turn could damp the demand for iron ore. So far, it has been reported that steel mills in the affected regions have continued to operate as normal. The floods have, however, caused a few days...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Peruvian mining production of both copper and zinc tumbled in May year on year from 2019, despite recovering from April figures, while the country was gradually reopening from restrictions to combat the Covid-19 pandemic, Fastmarkets understands.The country produced 128,407 tonnes in copper content during May, down by 41% from 218,000 tonnes a year before, mining and energy private association SNM...Read More
It has not been an easy year so far for Peru's zinc and lead mining companies after the coronavirus pandemic swept through South America, with operations facing lengthy shutdowns as well as multi-year low prices for their products.Mining companies are turning to traders to obtain big blocks of cash amid live concerns over future earnings and with banks at their most cautious in a decadeKnown...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday July 17.China The domestic market remained stable in the week ended Friday July 17, with limited spot trading, after many suppliers had sold out their cargoes available for this month. A number of smelters restarted their...Read More
Peruvian mining production of both copper and zinc tumbled in May year on year from 2019, despite recovering from April figures, while the country was gradually reopening from restrictions to combat the Covid-19 pandemic, Fastmarkets understands.The country produced 128,407 tonnes in copper content during May, down by 41% from 218,000 tonnes a year before, mining and energy private association SNM...Read More
Exports of manganese ore from South Africa have almost quadrupled from April to July, according to preliminary trade data seen by Fastmarkets, and the majority will head to China, where inventories are already rising and prices have fallen sharply. South Africa will export almost 2 million tonnes of manganese ore in July from around 500,000 tonnes in April when South Africa was under strict lockdo...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Chinese domestic spot prices of both indium and germanium have yet to yield any gains after the provincial government of Yunnan announced further details on the commercial stockpiling of several non-ferrous metals, which in theory could lend some support to these metals, Fastmarkets understands. In the latest announcement, Yunnan's provincial government unveiled the exact volumes for the commercia...Read More
The prices paid for steel scrap by mills in Turkey and Asia have moved up over the week ending Friday July 17, against a backdrop of stronger Chinese prices for iron ore and steel.Turkish steel producers continue to book deep-sea scrap at progressively higher prices through the weekUS East Coast market activity increased after new sales to TurkeyVietnamese scrap demand was supported by a surge in...Read More
Turkish steel producers continued their deep-sea scrap purchases at the end of the week at slightly higher prices, sources told Fastmarkets on Friday July 17.A steel mill in Northern Turkey booked a Baltic Sea cargo, comprising 8,000 tonnes of HMS 1&2 (80:20) at $260 per tonne, 14,000 tonnes of shredded at $265 per tonne and 4,000 tonnes of bonus at $270 per tonne cfr.Another steel mill in the Izm...Read More
The price of ferrous scrap imported into India in containers remained firm on Friday July 17 because of restricted material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $281.46 per tonne on July 17, up from $279.17 per tonne a week earlier.No deals were heard on the market this week, although offers were in the ra...Read More
Markets were mixed across the board this morning, Friday July 17, while traders consolidate recent gains - key will be how well prices manage to hold up.The base metals traded on the London Metal Exchange were all down, but only by an average of 0.3%, while the base metals on the Shanghai Futures Exchange were mixed, but down by an average of 0.2% An European Union summit is underway today to try...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The European and US battery grade lithium carbonate price fell by 2.9% week on week on Thursday July 16 amid continued demand weakness, while Chinese prices consolidated the previous week's losses.The European and US lithium carbonate price fell on the top end of the range after buyers resisted higher offers. China's battery-grade lithium prices stabilized after a fall last week. China's industria...Read More
Key data from the pricing session in Shanghai on Friday July 17. Key drivers The cobalt metal price in China retreated slightly due to softening local futures prices amid weakened sentiment following a plunge on the stock market in China on Thursday. Spot...Read More
South American import prices for flat-rolled steel were higher during the week ended Friday July 17, with more expensive offers from both China and Japan, market participants have told Fastmarkets.But clients were still bidding at their previous, lower levels in an attempt to prevent the increases being imposed on September-shipment cargoes, they added.Fastmarkets assessed the price of steel hot-r...Read More
Indian mills increased their hot-rolled coil export prices by as much as $30 per per tonne in the week to Friday July 17, because buyers in Southeast Asia are desperate for supplies to meet rising demand, sources told Fastmarkets.Fastmarkets price assessment for steel hot-rolled coil (commodity) export, fob main port India, was 450-455 per tonne on 17July, up by 20-30 per tonne from last week's $4...Read More
Turkish prices in the domestic market for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday July 17, although demand was only moderate, sources have told Fastmarkets.The reason for the higher prices for coated flat steel was the rise in hot-rolled coil prices, because HRC is the base material for coated coil.Fastmarkets' weekly price assessment for steel HRC, d...Read More