The inter-merchant spot price for light iron scrap in the United Kingdom was unchanged on Friday January 3 because many traders have not yet returned to work after the year-end holiday period, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?90-105 ($119-138) per tonne on Friday, unchanged since mid-Dece...Read More
The price of ferrous scrap imported into India rose this week in response to positive sentiment on the return of traders to the market after the Christmas and New Year holidays, sources told Fastmarkets.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $312.17 per tonne on Friday January 3, up from $307.54 per tonne on Friday December 27. Deals were heard for shredded scrap at...Read More
The Turkish steel producers have now seen a second week with no deep-sea scrap import bookings because of the year-end holiday periods, which traditionally slow down market activity, sources said on Friday January 3.The Turkish mills have been quiet since December 20, when a Baltic Sea cargo was booked at $303 per tonne cfr.Sentiment turned negative late in the week because of the downturn in the...Read More
Brazilian iron ore export volumes were down by 25.7% year on year in December 2019, with some of major miner Vale's operations still halted following a tailings dam rupture in January.The country exported 24.67 million tonnes of iron ore in the last month of the year, down from 33.19 million tonnes in an annual comparison, the ministry of economy said on Thursday January 2. But the average value w...Read More
Seaborne coking coal prices were resilient on Friday January 3, with the cfr China premium hard coking coal index passing $150 per tonne and a premium mid-vol cargo changing hands at just under $140 per tonne fob Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $140.06 per tonne, down $0.63 per tonnePremium hard coking coal, cfr Jingtang: $151.85 per tonne, up $3.08 per t...Read More
Seaborne iron ore prices advanced toward $95 per tonne cfr China on Friday January 3, with several deals concluded amid concerns over potential shipment disruptions in Australia as a result of a potential cyclone near the west coast.62% Fe fines, cfr Qingdao: $94.60 per tonne, up $0.55 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.69 per tonne, up $0.55 per tonne.62% Fe low-alum...Read More
China's domestic hot-rolled coil prices were largely steady on Friday January 3 amid an inactive market.DomesticEastern China (Shanghai): 3,900-3,910 yuan ($559-561) per tonne, narrowed downward by 10 yuan per tonneNorthern China (Tangshan): 3,640 yuan per tonne, unchangedMost sellers kept their prices unchanged, though a few of them lowered them slightly to generate sales.But buyers kept their pr...Read More
China's domestic rebar market was mixed on Friday January 3, with prices in the eastern region falling on supply pressure while those in the northern gained some strength in the absence of that factor.Eastern China (Shanghai): 3,690-3,720 yuan ($530-534) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,550-3,580 yuan per tonne, up 20-30 yuan per tonneSustained deliveries to the spot...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for selenium, 99.5% Se min, in-whs Rotterdam, click...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 Chinese minor metals markets and the reasons for their latest price moves.Read More
Fastmarkets is proposing to discontinue the calculation and publication of its China cobalt sulfate, Co 20.5% min, ex-works, adjustment to the low-grade cobalt low-end price. The China cobalt sulfate, exw standard-grade adjustment is calculated against Fastmarkets' assessment of the all-in exw China cobalt sulfate price and the low end of the standard-grade cobalt price. Fastmarkets has...Read More
Prices for stainless steel flat products in Europe moved down during the week to Friday January 3, sources Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,100-2,140 ($2,350-2,395) per tonne on January 3, down from ?,?2,130-2,150 per...Read More
Prices for austenitic grades of stainless steel scrap were unchanged during the week to Friday January 3 due to minimal market activity after the Christmas and New Year's holidays across Europe.Fastmarkets' price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK price held at ?1,150-1,180...Read More
Ferrous scrap prices in Asia have started to come off in the new year, with market sources expecting a downward trend to emerge in the near term.Taiwanese buyers lowered their bids this week in the face of limited offers, especially after domestic billet prices in Turkey started to dip. Major Turkish mills were reported to have lowered their offers for the semi-finished product by $5-10 per tonne....Read More
(Updates with closing prices) By Peter Hobson LONDON, Jan 3 (Reuters) - Copper and most other industrialmetals fell on Friday as the killing of a top Iranian commanderby the United States sent shockwaves through markets, pushingoil prices sharply higher.Investors rushed to safe-haven assets such as gold and stockmarkets fell as Iran said it would seek revenge. Benchmark copper on the London Metal...Read More
The three-month price of zinc on the London Metal Exchange had made the greatest gains at the close of trading on Thursday January 2, with the price breaching nearby resistance levels, but copper futures failed to close above the $6,200 per tonne threshold despite an afternoon spike.Zinc's outright price closed at $2,310 per tonne in the afternoon, the highest close since December 27, while tradin...Read More
The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Thursday January 2.Please click...Read More
The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More