An overview of the battery raw materialsmarkets and their price moves from the pastweek.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 10. China UG2 chrome ore prices rose after South African sellers successfully raised their offer prices in response to the appreciation of the rand. Buying interest improved for chrome ore and there were reports of traders coming into the market to acquire material at the...Read More
China has allowed China Molybdenum Co (CMOC), the winner of the recent auction of ammonium paratungstate (APT) stocks held by the defunct Fanya Metal Exchange, to export tungsten in 2020-2021, according to the Ministry of Commerce.CMOC won 28,336 tonnes of Fanya's APT stocks in an auction held in September last year. The amount represents an estimated three months of Chinese output.The purchase ha...Read More
Premiums for primary foundry alloy in the United States and Europe were unchanged on Friday January 10 in an illiquid global market.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 7-10 cents per lb on Friday, unchanged from the previous monthly assessment and holding at an all-time low. With limited spot opportunities and abunda...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Premiums for primary foundry alloy in the United States and Europe were unchanged on Friday January 10 in an illiquid global market.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 7-10 cents per lb on Friday, unchanged from the previous monthly assessment and holding at an all-time low. With limited spot opportunities and abunda...Read More
The inter-merchant spot market for light iron scrap in the UK was unmoved in the week ended Friday January 10, while there was an increase in business from Europe to traditional export markets in Turkey and the Indian subcontinent.The UK steel scrap market is preparing for the settlement of monthly delivery contracts to domestic steelmakers, with some industry sources suggesting a rollover may be...Read More
The price of ferrous scrap imported into India increased again this week as positive sentiment in the market continues to boost trading activity, sources told Fastmarkets.Fastmarkets' assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, was $317.35 per tonne on Friday January 10, up from $312.17 per tonne a week earlier.Prices have continued to move up on a weekly basis since Nove...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets...Read More
An overview of the battery raw materialsmarkets and their price moves from the pastweek.Read More
Previous weakness in the Chinese battery-grade lithium markets travelled through into the seaborne lithium hydroxide market which fell by 4.7% week on week on Thursday January 9, while the delivered, duty-paid Europe and United States compound prices both fell on the availability of cheaper spot material. Asian seaborne battery-grade hydroxide price fell by 50 cents per kg, while the carbonate pri...Read More
Hot-rolled coil prices in the United States remained above $30 per hundredweight on Friday January 10, with domestic flat-rolled steel mills holding firm on higher prices after their fifth increase since late October of last year.Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $30.38 per cwt ($607.60 per short ton) on Friday, little changed from 30.48 per cwt a da...Read More
Fastmarkets' index for domestic hot-rolled coil in Northern Europe increased on Friday January 10, with sources expecting prices to continue to rise.Fastmarkets' daily calculation of the steel hot-rolled coil index, domestic, ex-works Northern Europe, rose slightly to ?,?442.43 ($491.51) per tonne on Friday, from ?,?441.15 per tonne on January 9.The index was based on deals and achievable prices h...Read More
Flat steel prices in Turkey increased during the week ended Friday January 10, even as trading activity remained weak, market sources said.Local producers in Turkey increased their prices in line with increasing global prices.HRC exportsFastmarkets' weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $510-515 per tonne on January 10, compared with $500-510 per tonn...Read More
The Polish domestic rebar price moved up in the week to Friday January 10 due to some improvement in demand after participants returned to the market from New Year holidays across Europe, market sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, ex-works Poland rose to 2,070-2,100 zloty ($542-550) per tonne on Friday January 10 from 2,00...Read More
Prices in Southeast Asia's steel billet market remained stable on Friday January 10 as buyers mostly stayed away from the spot market in anticipation of softer scrap charges, sources told Fastmarkets. "It is difficult to conclude any deals because the situation envisioned by buyers [of lower scrap prices] has yet to materialize," an Indian trader said.Scrap prices in Turkey, the world's large...Read More
China's domestic rebar prices edged down on Friday January 10 due to weakening demand as more participants prepared to exit the market ahead of the week-long Chinese New Year holiday later this month. Eastern China (Shanghai): 3,670-3,700 yuan ($530-534) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,540-3,560 yuan per tonne, narrowed downward by 10 yuan per tonneA number...Read More
The inter-merchant spot market for light iron scrap in the UK was unmoved in the week ended Friday January 10, while there was an increase in business from Europe to traditional export markets in Turkey and the Indian subcontinent.The UK steel scrap market is preparing for the settlement of monthly delivery contracts to domestic steelmakers, with some industry sources suggesting a rollover may be...Read More
The price of ferrous scrap imported into India increased again this week as positive sentiment in the market continues to boost trading activity, sources told Fastmarkets.Fastmarkets' assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, was $317.35 per tonne on Friday January 10, up from $312.17 per tonne a week earlier.Prices have continued to move up on a weekly basis since Nove...Read More
The price of austenitic alloy steel scrap in Europe has moved up slightly over the past week on an uptick in demand for January tonnages and improved market sentiment, sources told Fastmarkets on Friday January 10.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,200 ($1,530-1,569) per tonne on Friday, up by ?20 per tonne from the...Read More