New pig iron sales to China continued to support further growth in global prices, but the future price trend is unclear, market sources said. At least two new cargoes were bought from the south of Brazil by international traders at $310 per tonne fob, with a freight rate of about $30 per tonne for September shipment. One cargo of Brazil-origin material was sold trader's position at $340-345 per to...Read More
The United States' pig iron price continued to increase in the week to Friday June 12 on new bookings from the Commonwealth of Independent States, sources said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $320-322 per tonne on Friday, up from $312-320 per tonne a week before.Two bookings...Read More
Pig iron export prices from Brazil rose again during the week to Friday June 12 on new sales to China.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $310-315 per tonne on Friday, an increase of $15 from $295-300 per tonne last week.At least two new sales were done from the south of...Read More
Turkish steel producers continued their deep-sea scrap purchases for July shipments at firm prices, pushing this week's volumes to about 250,000 tonnes, sources told Fastmarkets on Friday June 12.A steel mill in the Iskenderun region booked a UK cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $262 per tonne cfr.A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of...Read More
The price of containerized ferrous scrap imports into India inched up again this week, despite many market participants still unable to secure deals, sources told Fastmarkets on Friday June 12. Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $285.89 per tonne on Friday, up from $278.58 per tonne one week previous. Market sources reported offers for s...Read More
Fastmarkets' fob Australia seaborne hard coking coal index moved up on Friday June 12, after a steel mill in India booked an August-laycan spot cargo on Thursday.Fastmarkets indices Premium hard coking coal, fob DBCT: $107.36 per tonne, down $0.23 per tonne Premium hard coking coal, cfr Jingtang: $116.52 per tonne, down $0.29 per tonne Hard coking coal, fob DBCT: $89.42 per tonn...Read More
Rising futures kept China's domestic hot-rolled coil prices supported on Friday June 12, while export transactions remained thin amid strong competition from other countries.DomesticEastern China (Shanghai): 3,650-3,660 yuan ($516-518) per tonne, unchangedNorthern China (Tangshan) - weekly assessment: 3,600-3,610 yuan per tonne, narrowed by 10 yuan per tonne Prices were stable in Shanghai, with bu...Read More
China's domestic rebar prices dropped slightly on Friday June 12 amid a bearish outlook for demand due to the country bracing itself for floods amid forecast heavy rain.Domestic Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, down by 10 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,690-3,720 yuan per tonne, down by 10 yuan per tonneThe Ministry of Water Resources i...Read More
The London Metal Exchange three-month lead price was higher during morning trading on Friday June 12, with a fresh cancellation of some 11,450 tonnes bolstering the metal's exchange price, while steady buying in copper futures continued over the morning.LME lead's outright price was recently at $1,764.50 per tonne - climbing from a morning low of $1,723 per tonne - while turnover was moderately lo...Read More
There has been some follow-through selling in Asian-Pacific equity markets and base metals on the Shanghai Futures Exchange this morning, Friday June 12, but base metals on the London Metal Exchange and pre-market major western equity index futures are consolidating after Thursday's routs. Pre-market Dow Jones equity index futures were indicated to open up by 1.4% this morning after the Dow Jones...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $14.00-15.00 per...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Key data from the Friday June 12 pricing session in Shanghai.Key drivers Spot metal prices dropped amid persistent lackluster demand, while local futures prices edged lower on Friday, making buyers even more reluctant to accept higher offers. The cobalt tetroxide...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
China's output and sales of new energy vehicles (NEVs) continued to increase month on month in May but figures are still down on an annual comparison, reflecting the sharply reduced subsidies. China produced 84,000 NEVs in May, including pure electric vehicles (PEVs) and plug-in hybrids. This was up by 5% from April, but down by 25.8% from May 2019, according to data released by the China Associat...Read More
The price of stainless steel in Europe has remained unchanged despite the attempts by mills to incorporate higher monthly alloy surcharges into transaction prices, sources told Fastmarkets on Friday June 12.Demand is too weak to support any price rises, they added. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Eu...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 12China The five-week uptrend in UG2 chrome ore prices stalls on softer buying interest, with market participants on both sides reporting a slowdown in inquiriesThe domestic spot ferro-chrome price narrowed downward on...Read More
High offers for Japanese and United States-origin ferrous scrap saw Vietnamese buyers stay away from the spot import market in the week to Friday June 12, with some market participants suggesting that prices have peaked and are likely to move down from now on.There was a confirmed transaction at $278 per tonne cfr southern Vietnam this week and rumors of a transaction at $275 per tonne cfr souther...Read More
Prices for steel billet in Southeast Asia rose over the past week amid costlier steelmaking raw materials, sources said.Iron ore prices rose above $100 per tonne cfr China for the first time this year on May 29 due to concerns over a shortfall of Brazilian material, and have mostly stayed above that level so far in June. Scrap prices in the bellwether Turkish import market have also been on an upw...Read More