Chilean copper output fell by 6.7% year on year in November due to a combination of nationwide protests and operational problems, the country's national statistics institute INE said on Tuesday December 31.The country mined 504,366 tonnes of copper during November, in comparison with 540,720 tonnes in the corresponding month of 2018, when output was at a 13-year high, INE added."[Novembe...Read More
Chilean copper output fell by 6.7% year on year in November due to a combination of nationwide protests and operational problems, the country's national statistics institute INE said on Tuesday December 31.The country mined 504,366 tonnes of copper during November, in comparison with 540,720 tonnes in the corresponding month of 2018, when output was at a 13-year high, INE added."[Novembe...Read More
Hebei Steel, China's second largest steel mill, released its purchase price for silico-manganese at 6,600 yuan ($944) per tonne for January delivery, up by 650 yuan per tonne from its December tender price, market participants told Fastmarkets. The price from Hebei Steel, which is for cargoes delivered to warehouse in mills, includes the value-added tax and is paid on acceptance, according to mark...Read More
Tender price cuts from major Chinese stainless steel mills last week, though broadly expected in the market, have caused the domestic spot ferro-chrome price in the country to fall to a 44-month low.Fastmarkets assessed the price of ferro-chrome spot 6-8% C, basis 50% Cr, ddp China at 5,600-5,800 yuan ($801-830) per tonne on Friday December 27, down by 200-300 yuan per tonne - or 4.2% - from 5,800...Read More
The Turkish deep-sea scrap import market continued to stay quiet ahead of the New Year celebrations, sources said on Tuesday December 31.Steel producers in Turkey paused their deep-sea bookings on December 20, after a Baltic Sea cargo was booked at $303 per tonne cfr.No further...Read More
The domestic price for hot-rolled coil in Northern Europe was unchanged on Tuesday December 31 due to limited trading activity, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, exw Northern Europe was calculated on Tuesday at ?,?439.39 ($492.06) per tonne, where it has been since December 20.Market activity has been close...Read More
Flat steel import offer prices in the United Arab Emirates and Saudi Arabia increased this week, despite demand being weak in the run up to the end of the year, sources told Fastmarkets on Tuesday December 31.No new bookings have been heard so far this week because buyers have decided to postpone bookings until early 2020, sources said.UAEOffer prices for hot-rolled coil f...Read More
China's domestic hot-rolled coil prices remained firm on Tuesday December 31 despite thin trading, while exporters enjoyed active trading amid a rise in prices globally.DomesticEastern China (Shanghai): 3,900-3,920 yuan ($559-562) per tonne, widening upward by 10 yuan per tonneNorthern China (Tangshan): 3,640 yuan per tonne, narrowing upward by 10 yuan per tonneA Shanghai-based trader sa...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday December 31 that are worth another look.Hebei Steel, China's second largest steel mill, released its purchase price for silico-manganese at 6,600 yuan ($944) per tonne for January delivery, up by 650 yuan per tonne from its December tender price, market participants told Fastmarkets.Flat steel import offer prices in the United A...Read More
Domestic and import prices for steel rebar and billet in the United Arab Emirates increased over the past week, while demand was moderate, market sources said on Tuesday December 31.Market participants in the UAE believed increases may continue if raw material prices keep increasing.Local rebar producers announced new prices on December 19.Billet importsBillet was offered at $460-470 per tonne cfr...Read More
China's rebar prices rose in the east on Tuesday December 31, bolstered by restocking activity by stockists in expectation of price increases in January.DomesticEastern China (Shanghai): 3,700-3,750 yuan ($531-538) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, unchangedSellers in eastern China started with offer prices at 3,700-3,730 yuan per ton...Read More
The Turkish deep-sea scrap import market continued to stay quiet ahead of the New Year celebrations, sources said on Tuesday December 31.Steel producers in Turkey paused their deep-sea bookings on December 20, after a Baltic Sea cargo was booked at $303 per tonne cfr.No further...Read More
Seaborne iron ore prices rose on Tuesday December 31 amid advances in derivatives markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.13 per tonne, up $1.05 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.22 per tonne, up $1.05 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.54 per tonne, up $1.20 per tonne.58% Fe fines high-premium, cfr Qingdao: $79....Read More
Import prices for steel slab in Southeast Asia and East Asia were stable over the past week amid limited trading activity during the year-end festive season."Most market participants are away for holiday in the last weeks of the year during the Christmas and New Year period," a trader in Indonesia said.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $400...Read More
Fastmarkets reviews how much of the EU safeguarding import quota allowances for hollow sections has been used and by who, with an estimation of when they will be exhausted country by country at the current usage rates. Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 31.Click on the above image...Read More
Small losses were seen across most of the London Metal Exchange base metals complex on the last trading day of 2019, with only tin bucking the trend. The LME three-month aluminium price dropped by $6 on Tuesday December 31 to close at $1,810 per tonne. "Cancelations have been the story for the past week, but the price doesn't care," an aluminium trader told Fastmarkets. "Into 2020, there...Read More
Chilean copper output fell by 6.7% year on year in November due to a combination of nationwide protests and operational problems, the country's national statistics institute INE said on Tuesday December 31.The country mined 504,366 tonnes of copper during November, in comparison with 540,720 tonnes in the corresponding month of 2018, when output was at a 13-year high, INE added."[Novembe...Read More
The Turkish deep-sea scrap import market continued to stay quiet ahead of the New Year celebrations, sources said on Tuesday December 31.Steel producers in Turkey paused their deep-sea bookings on December 20, after a Baltic Sea cargo was booked at $303 per tonne cfr.No further...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday December 31 that are worth another look.Hebei Steel, China's second largest steel mill, released its purchase price for silico-manganese at 6,600 yuan ($944) per tonne for January delivery, up by 650 yuan per tonne from its December tender price, market participants told Fastmarkets.Flat steel import offer prices in the United A...Read More