Two steel mills in northern China have sold 2.21 million tonnes per year of iron-making capacity and 1.52 million tpy of crude steel capacity to mills in the southern region, according to local government notices released earlier this week.Seller: Hebei Chengde Shengfeng SteelLocation: Chengde city, Hebei provinceCapacity sold: 1.48 million tpy of iron-making capacity, 1.52 million tpy of crude st...Read More
The latest bids, offers and deals in the global markets for steel billet, steel slab and bloom. Latest transaction: billetBillet China,...Read More
Export prices for Chinese plate rose over the past week after a mill in the northern region raised its offers.Fastmarkets' price assessment for January/February shipments of steel heavy plate export, fob China main port was $470-475 per tonne for the week ended Tuesday December 24, narrowing upward by $5 per tonne from $465-475 per tonne fob a week earlier.Most sources reported transactions being...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 25.Key drivers Cobalt sulfate prices ticked up on Wednesday amid increased inquiries from consumers who need to restock ahead of a temporary suspension of logistics services, which will take place around mid-January, a week before the Chinese New Year holiday (January 24-30).Meanwhile, producers have broadly...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 25Key drivers After declining for six weeks, Fastmarkets assessed the price of antimony, MMTA standard grade II, ddp China as flat week on week at 36,500-37,000 yuan ($5,219-5,291) per tonne on Wednesday December 25.Many suppliers had kept their offer prices unchanged over the past week.Some consumers had re-entered the mark...Read More
China's stainless steel prices were unchanged over the past week with markets winding down toward the year-end. DomesticFastmarkets' weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,300-15,100 yuan ($2,047-2,161) per tonne including value-added tax on Wednesday December 25, unchanged from a week earlier.S...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade. The TSX 60 Index is expected to open at an all-time high this morning. Previous all-time high was 1,024.47 ObservationsThe CRB Index and its related ETN broke above 16.26 to a new high yesterday.Strength in the CRB Index yesterday is attributed mainly to strength in precious metal pr...Read More
Base metals prices on the Shanghai Futures Exchange diverged during the morning trading session on Wednesday December 25, with lead outperforming the rest of the complex with a 0.7% gain.The most-traded February lead contract rose to 15,195 yuan ($2,171) per tonne at the close of the morning trading session, up by 105 yuan per tonne from Tuesday's close of 15,090 yuan per tonne."We said in our...Read More
Base metals prices on the Shanghai Futures Exchange diverged during the morning trading session on Wednesday December 25, with lead outperforming the rest of the complex with a 0.7% gain.The most-traded February lead contract rose to 15,195 yuan ($2,171) per tonne at the close of the morning trading session, up by 105 yuan per tonne from Tuesday's close of 15,090 yuan per tonne."We said in our...Read More
Base metals prices on the Shanghai Futures Exchange diverged during the morning trading session on Wednesday December 25, with lead outperforming the rest of the complex with a 0.7% gain.The most-traded February lead contract rose to 15,195 yuan ($2,171) per tonne at the close of the morning trading session, up by 105 yuan per tonne from Tuesday's close of 15,090 yuan per tonne."We said in our...Read More
Gold equities and related ETFs/stocks are leading equity market advances this morning. Nice breakouts above intermediate resistance by $GDX $GDXJ $XGD.CAWheaton Precious Metals $WPM $WPM.CA, a TSX 60 stock moved above $28.64 U.S. and $38.14 Cdn. extending an intermediate uptrend.First Majestic Silver $AG $FR.CA moved above $11.62 U.S. extending an intermediate uptrend.Another precious metals equit...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 24.Click the above image to...Read More
Aluminium premiums in South Korea rose in the week ending Tuesday December 24, while the main Japanese ports (MJP) spot premium was steady following last week's increase. In South Korea, the aluminium P1020A premium, cif South Korea, and the aluminium P1020A premium, fca South Korea rose by $10-15 week on week to $85-90 per tonne and $100-105 per tonne respectively on Tuesday.Deals heard for Janua...Read More
Over the Christmas holiday period, Fastmarkets will continue to price physical base metal markets in accordance with our pricing schedule.Readers can view the pricing holidays and alternative pricing arrangements through the following link.Over this time, base metal premium and warrant premium tables will be published, but accompanying commentary wraps will not.If you have any queries please email...Read More
Key data from the pricing sessions in Asia, Europe and the United States for week ended Friday December 20. ChinaDomestic spot alloy prices remained static, with producers keeping quotations firm. Export prices held steady - while the yuan was strengthening, trading activity remained lackluster. Europe The European ferro-silicon spot price was steady over the week - no deals were reported am...Read More
Over the Christmas holiday period, Fastmarkets will continue to price physical base metal markets in accordance with our pricing schedule.Readers can view the pricing holidays and alternative pricing arrangements through the following link.Over this time, base metal premium and warrant premium tables will be published, but accompanying commentary wraps will not.If you have any queries please email...Read More
The recent downtrend in spot ferro-chrome prices in China was capped by strength in the domestic stainless steel market, while the European and US markets were flat ahead of the Christmas holiday break. Chinese alloy prices hold amid stainless steel strength Charge chrome prices flat on firm offers Chrome ore prices up in response to improved sentiment Japanese and South Korean alloy prices tumble...Read More
Ferrous scrap prices in Mexico maintained their upward trend this week, with sellers gradually applying price changes in response to a stronger market in the United States.At least one major steelmaker in Monterrey city increased its prices, according to several sellers. The move was initially reported by a scrap dealer in the middle of last week and later confirmed by other market parti...Read More
The Turkish deep-sea scrap import market was quiet on Tuesday December 24 due to the Christmas holiday period in Europe and the United States, market sources said.The most recent deep-sea cargo was booked on Friday December 20 at $303 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region.Read More
The domestic price for hot-rolled coil in Northern Europe has been stable day on day due to limited market activity, sources told Fastmarkets on Tuesday December 24.Fastmarkets' daily index for steel hot-rolled coil index domestic, ex-works Northern Europe was unchanged at ?,?439.39 ($487.01) per tonne on Tuesday December 24.The calculation of the index was based on the latest deals and achie...Read More