Seaborne coking coal prices ended the year higher on Tuesday December 31, with a premium low-vol cargo fetching more than $140 per tonne fob Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $140.69 per tonne, up $7.04 per tonne Premium hard coking coal, cfr Jingtang: $148.77 per tonne, unchangedHard coking coal, fob...Read More
Base metals prices on the London Metal Exchange were lower across the board during morning trading on Tuesday December 31, failing to find support. Nickel's three-month price climbed to $14,315 per tonne at the close on Monday, but is currently trading back below $14,300 per tonne. Stocks continue to rise, with a further 4,020 tonnes delivered into LME sheds this morning. Some spread amongst wareh...Read More
A combination of slow year-end trading activity and uninspiring Chinese economic data saw most of the base metals traded on the Shanghai Futures Exchange end the morning trading session in negative territory on Tuesday December 31.Tin and nickel were the lone metals to register any gains this morning, with the latter outperforming with a 0.6% increase in its most-traded contract.The most-traded Ma...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
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
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
Base metals prices on the London Metal Exchange were lower across the board during morning trading on Tuesday December 31, failing to find support. Nickel's three-month price climbed to $14,315 per tonne at the close on Monday, but is currently trading back below $14,300 per tonne. Stocks continue to rise, with a further 4,020 tonnes delivered into LME sheds this morning. Some spread amongst wareh...Read More
A combination of slow year-end trading activity and uninspiring Chinese economic data saw most of the base metals traded on the Shanghai Futures Exchange end the morning trading session in negative territory on Tuesday December 31.Tin and nickel were the lone metals to register any gains this morning, with the latter outperforming with a 0.6% increase in its most-traded contract.The most-traded Ma...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
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 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 latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarEast China, domestic, grade III 16-25mm...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
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
Seaborne coking coal prices ended the year higher on Tuesday December 31, with a premium low-vol cargo fetching more than $140 per tonne fob Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $140.69 per tonne, up $7.04 per tonne Premium hard coking coal, cfr Jingtang: $148.77 per tonne, unchangedHard coking coal, fob...Read More
The benchmark three-month nickel price on the London Metal Exchange was the standout of the base metals complex, continuing to edge higher at the close on Monday December 30 and ignoring rising stock levels. The nickel price closed at $14,315 per tonne, up $105 from Friday's close. It traded in a $200 range throughout the day, earlier hitting a high of $14,365 per tonne. Despite being the only bas...Read More
The discount for copper scrap imported into China has narrowed in December because Chinese consumers returned to the spot market to fill quotas granted for the first quarter of 2020. Fastmarkets assessed the copper scrap No2 copper (birch/cliff) imported into China 94-96%, LME/Comex discount, cif China at 35-40 cents per lb on Monday December 30. That compared with 38-40 cents per lb a month...Read More
The spot lead concentrate treatment charge (TC) dropped in December in the first downward movement for six months.Lead concentrate TCs had tripled over the past half-year as an arbitrage that enticed Chinese buying for years finally closed. Fastmarkets assessed lead spot concentrate TC, high silver, cif China at $150-170 per tonne on December 27, down from $170-185 per tonne in November but u...Read More
The spot lead concentrate treatment charge (TC) dropped in December in the first downward movement for six months.Lead concentrate TCs had tripled over the past half-year as an arbitrage that enticed Chinese buying for years finally closed. Fastmarkets assessed lead spot concentrate TC, high silver, cif China at $150-170 per tonne on December 27, down from $170-185 per tonne in November but u...Read More
The assessment for ferro-nickel with 26-32% nickel content in China fell to a discount of $1,100-1,300 per tonne on Monday December 30, its lowest level on Fastmarkets records and down 71.4% from last month. Fastmarkets' ferro-nickel premium/discount, 26-32% Ni contained, cif China is now at its biggest discount since the launch of the assessment on January 25, 2016. Market participants attri...Read More