China's domestic hot-rolled coil prices strengthened on Monday October 14 amid steady demand, making export transactions challenging even though the country reached some form of a truce with the United States last Friday amid an ongoing trade spat.DomesticEastern China (Shanghai): 3,580-3,600 yuan ($505-508) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,550 yuan per tonne, up 30 y...Read More
China's domestic rebar prices remained flat on Monday October 14 despite China and the United States making some progress in trade talks late last week. Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($522-526) per tonne, unchanged Northern China (Beijing): 3,570-3,600 yuan per tonne, unchangedThe US will be delaying the imposition of additional tariffs on Chinese goods worth o...Read More
Turkish domestic scrap prices remained stable over the past week with the mills keeping their buy prices unchanged, sources said on Monday October 14.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,300-1,430 ($221-243) per tonne on Monday,...Read More
Fastmarkets proposes changing the publication times of its weekly global pig iron and hot-briquetted iron price assessments from 3pm to 4pm London time.The CIS export, fob main port Black Sea and fob main port Baltic Sea, price assessments, along with the pig iron import, cfr Italy, and HBI, cfr Italian ports assessments will be published at 4pm Lo...Read More
Physical iron ore prices dropped on Monday October 14 following losses in the derivatives markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.49 per tonne, down $2.27 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.03 per tonne, down $0.22 per tonne.62% Fe low-alumina fines, cfr Qingdao: $90.17 per tonne, down $2.73 per tonne.58% Fe fines high-premium, cfr Qing...Read More
Seaborne coking coal prices moved up on Monday October 14 after Chinese end users returned to the spot market for the first time after a holiday in the first week of the month to mark China's National Day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $146.62 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $164.36 per tonne, up $4.86 per tonneHard coking coal, fob DBCT: $123.13...Read More
Pig iron import prices in the United States stopped falling last week, despite weak scrap and hot-rolled coil prices, due to limited availability caused by suppliers focusing on the more lucrative Chinese market.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $290-300 per tonne on October 11, unchanged week on week."The pig iron price should go down, considering whe...Read More
Seaborne iron ore concentrate continued to see narrower discounts after China's week-long National Day holiday in early October, while the pellet market remained weak.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao stood at $99.88 per tonne last Friday October 11, up $3.43 per tonne from the numbers for the previous two weeks.Fastmarkets' daily index for iron ore...Read More
The metals market remains cautious because there still seems a long way to go before a United States-China trade deal can be reached.Weak Chinese trade data highlights how the global economy is suffering - China's US dollar-denominated exports fell by 3.2% in September year on year, while imports dropped 8.5% in the same comparison.Asian equities are firmer across the board because at least some p...Read More
Base metal prices on the Shanghai Futures Exchange were mixed during morning trading on Monday October 14, with the complex largely shrugging off news of a "partial" trade deal being struck between the United States and China at the end of last week. There was fresh optimism in global markets on Friday after US President Donald Trump announced negotiators from China and the US had reached a substa...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday October 11. China Key drivers The price for antimony, MMTA standard grade II, ddp China gained 3.2% after domestic suppliers raised their offer prices in response to resumed buying interest from consumers returning from the week-long National Day holiday (October 1-7). Many antimony producers were reluctant...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate,...Read More
China's cobalt metal price consolidated gains made since late August on Friday October 11 due to weak demand and falling futures prices following the week-long national holiday break. Fastmarkets' assessment for cobalt 99.8% Co min, exw China dropped to 295,000-310,000 yuan per tonne (approx $16.72-17.57 per lb, China-VAT free) on Friday, down by 2.4% from the midweek pricing session. Spot de...Read More
The low end of the domestic Chinese selenium price was pulled down over the past week by lower raw material costs as a result of ample supply of upstream crude selenium. Fastmarkets assessed the selenium 99.9% Se min, in-whs China price at 85-135 yuan ($12-19) per kg on Friday October 11, down by 5 yuan on the low end from 90-135 yuan per tonne the week before. The price has fallen by 47.6% f...Read More
As the United States' Section 232 tariffs on steel imports enter the second half of their second year, ferrous markets across the globe are still reeling from their effects.The tariffs - imposed after a year-long Section 232 investigation into whether imports of steel, as well as aluminium, posed a national security risk to the US - were vaunted as policies to safeguard the country's domestic indu...Read More
The Bureau of International Recycling (BIR) will advocate for a Chinese proposal to discard the term "scrap" by officially renaming certain copper scrap products as "recyclable copper raw materials", whilst seeking further clarity with Chinese officials on the definition and specifications of importable scrap, the association said on Sunday October 13.In Chinese, "scrap" and "waste" are essentiall...Read More
Tom Bird, the head of Bureau of International Recycling (BIR), will leave his position as the chief operating officer of Chiho Environmental Group in November, Fastmarkets learned on Sunday October 13.Chiho Environmental is China's largest scrap metal recycling company. It runs 700 yards globally with extensive operations in the recycling of ferrous...Read More
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Positivity surrounding the progress of US-China...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
Aluminium The LME three-month aluminium price remains under...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus do...Read More