Base metals prices on the Shanghai Futures Exchange were mostly down during the morning trading session on Friday November 1, with dwindling confidence of a long-term trade deal being struck between the United States and China weighing on the complex."Chinese officials 'familiar with the matter' were casting doubts about reaching a comprehensive long-term trade deal with the US even as the two sid...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. 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 prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lbClick here for...Read More
An overview of the battery raw materials markets and their latest price moves.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...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 here.To see all Fastmarkets' pricing methodology and specification documents, go to www.fastmar...Read More
Traxys has signed a multi-year deal to sell cobalt metal and hydroxide produced by Norilsk Nickel. Under the terms of the deal, Traxys will commercialize all Norilsk material not sold in the Russian market, Fastmarkets understands. The deal...Read More
Government subsidies are a necessary part of early electric vehicle adoption but EVs will have mainstream usage without the need for incentives in the long term, panelists said at the LME Metal Seminar this week. EV adoption has come at a slower pace than previously expected, coinciding with cuts in government subsidies in China. In March this year, Beijing announced a 50-60% reduction in subsidie...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
The prices of stainless steel flat products in Europe decreased this week because of persistently weak demand, sources told Fastmarkets on Friday November 1.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,200-2,250 ($2,454-2,510) per tonne on November 1, down by ?,?100 per tonne week on week."It's [a result...Read More
The monthly European alloy steel surcharges for November for grade-316 stainless flat steel products have decreased because of lower molybdenum costs, Fastmarkets heard on Friday November 1.Fastmarkets' range for the stainless steel cold-rolled sheet, 316, 2mm, alloy surcharge, domestic, Europe, was ?,?2,497-2,581 ($2,786-2,879) per tonne on November 1, down by ?,?13-63 per tonne from October.Allo...Read More
The inter-merchant spot market for UK-origin light iron scrap moved up by ?5 ($6) per tonne in the week ended Friday November 1 following the upturn in key export markets, ending a four-week run of price stability.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?65-85 ($84-110) per tonne on Friday, up from the ?60-80 per tonne where...Read More
Turkish steel mills did not go into the deep-sea scrap markets on Friday November 1, with no new deals heard, sources told Fastmarkets.The Turkish import scrap market was relatively subdued throughout this week because of a two-day public holiday in the country at the start of the week. As well, the booking of 600,000 tonnes of...Read More
Turkey has not bought ferrous scrap from the United States in nearly a week, but a combination of recent steady buying and an anticipated upward move in November's domestic scrap trade have worked to raise some dock prices.Turkish steel producers paused their deep-sea cargo purchases on Monday October 28 and Tuesday October 29, due to Tuesday's public holiday for the Republic Day of Turkey and a h...Read More
Heavy melting scrap 1&2 (80:20) from the United States' West Coast has turned competitive again due to surging prices for Japanese H2 materials, with Vietnamese buyers now looking to purchase scrap from both locations.Demand in Taiwan has eased, however, following numerous purchases last week.VietnamFastmarkets' price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam, was $...Read More
The three-month copper price on the London Metal Exchange was lower at the close of trading on Thursday October 30, settling below the $5,800 per tonne support level against high turnover, while lead futures also closed below nearby support.Copper's three-month price closed at $5,797 per tonne on Thursday afternoon, with some 20,000 lots exchanged over the day. The red metal's outright price fell...Read More
The three-month prices of base metals traded on the London Metal Exchange were trading down in the morning session on Thursday October 30 on lackluster China PMI, shrugging off the interest rate cut announced by the United States' Federal Reserve the day before.The three-month prices of base metals traded on the London Metal Exchange were trading down in the morning session on Thursday October 30...Read More
A spike in nickel prices as a result of a flip-flop decision in Indonesia regarding an ore export ban of the alloying metal failed to offer any support to China's stainless steel market over the past week.Reports of an immediate commencement of the nickel ore export ban in Indonesia had emerged on Monday October 28, but a day later, Indonesian officials said that the prohibition will only come eff...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday October 31 that are worth another look.Fastmarkets plans to replace its weekly assessment for domestic hot-rolled coil (HRC) prices in Northern Europe with a daily index - to better reflect the increasing price volatility caused by tougher EU trade measures.A meeting between Asarco and representatives of striking workers has be...Read More
Key data from October 31's price assessment in Shanghai.Fastmarkets assessed the price for alumina metallurgical grade, ddp China at 2,520-2,600 yuan per tonne on October 31, down 0.4% from previous week's 2,520-2,620 yuan per tonne. Key drivers: Significant quantities of imported cargoes continued to flow into China after the import arbitrage window opened in late September. China imported 1...Read More
A spike in nickel prices as a result of a flip-flop decision in Indonesia regarding an ore export ban of the alloying metal failed to offer any support to China's stainless steel market over the past week.Reports of an immediate commencement of the nickel ore export ban in Indonesia had emerged on Monday October 28, but a day later, Indonesian officials said that the prohibition will only come eff...Read More