Base Metal Stocks Articles

TURKEY FERROUS SCRAP: Local scrap prices down on falling imported scrap costs

September 10, 2019 / Staff reporter

Domestic scrap prices in the Turkish market have gone down over the past week amid falling imported scrap values, sources said on Monday September 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,445-1,650 ($252-288) per tonne on Monday, down from last week's TRY1,520-1,770 per tonne.This downward movement in the weekly assessment came...Read More

EU aluminium scrap prices hit 10-year low on China scrap import crackdown [CORRECTED]

September 10, 2019 / Staff reporter

European aluminium scrap prices universally dipped on Friday September 6 with the effects of China's moratorium on non-ferrous scrap imports finally being felt amid a loosening scrap supply picture. China announced a more stringent approach to non-ferrous scrap imports starting on July 1, 2019, with some participants at the time believing the move would have a negligible impact on the European sec...Read More

DAILY SCRAP REPORT: Mills expect lower prices, demand limited

September 10, 2019 / Staff reporter

The Turkish steel mills held back from the deep-sea scrap markets at the beginning of the week, expecting further prices decreases, sources said on Monday September 9.Four deep-sea bookings were made last week, at prices which pushed down the daily scrap indices by more than $18 per tonne.Three bookings on September 3 lowered prices by $12.30 per tonne day on day. On September 5, prices dropped by...Read More

FOCUS: Elevated nickel prices to stifle nickel-rich battery adoption, cobalt demand unlikely to benefit significantly

September 10, 2019 / Staff reporter

Strong gains in nickel prices since the start of the month and the expectation that this strength will persist are likely to slow the pace of nickel-rich battery adoption in the electric vehicle (EV) market in the near term, market participants told Fastmarkets.But this dynamic is unlikely to result in cobalt demand picking up significantly, they added.Following an announcement by the Indonesian g...Read More

Trade log September 2019: Cobalt sulfate

September 10, 2019 / Staff reporter

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Fastmarkets pricesClick here for Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China, yuan/tonneClick here for Fastmarkets' price assessment for the cobalt sulfate 20.5% Co basis, adjustment to standard-grade cobalt low-end price, exw China, $/Ib Click here for the formula...Read More

Tight supply outlook pushes cobalt prices higher

September 10, 2019 / Staff reporter

Cobalt sellers successfully held out for higher prices last week, despite a fairly limited uptick in consumer demand after the summer break. Fastmarkets' benchmark price assessment for standard-grade cobalt stood at $16.80-17.50 per lb, in whs Rotterdam on Friday September 6, narrowing upward by 15 cents per lb from $16.65-17.50 per lb on September 4. Alloy-grade cobalt prices were assessed at $17...Read More

CIS FLAT STEEL: Prices fall on weak domestic markets in outlet regions

September 10, 2019 / Staff reporter

The export markets for hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States (CIS) fell during the week ended Monday September 9 on weak domestic markets in customers' home regions, sources told Fastmarkets.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $430-438 per tonne on Monday September 9, down from $450-460 per tonne a week...Read More

ASIA HRC: Uncertain price trend looms because of mixed signals

September 10, 2019 / Staff reporter

The price trend for hot-rolled coil in Asia remains uncertain for many market participants given price rebounds in China but continued bearish sentiment in the key import market of Vietnam.Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $457-465 per tonne cfr for the week ending M...Read More

CHINA HRC: Planned rate cut boosts prices

September 10, 2019 / Staff reporter

China's hot-rolled coil prices strengthened on Monday September 9, with sentiment lifted by the central bank's announcement of a rate cut last Friday.DomesticEastern China (Shanghai): 3,690-3,710 yuan ($518-521) per tonne, up 40 yuan per tonneNorthern China (Tangshan): 3,620-3,630 yuan per tonne, up 20 yuan per tonneSpot prices gained amid surging futures, which responded to the People's Bank of C...Read More

CIS LONG STEEL: Prices fall again on lack of trading activity

September 10, 2019 / Staff reporter

The prices of rebar and wire rod exported from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday September 9, under pressure from weak demand in the major sales outlets as well as growing competition with Turkish suppliers.Indications of offers from CIS mills, particularly from Belarus, were reported at $420 per tonne fob Black Sea.But bids for CIS rebar from...Read More

Turkish rebar set to turn more competitive in Singapore again on falling scrap prices

September 10, 2019 / Staff reporter

Turkish rebar is set to become more competitive in the Singapore import market again due to falling scrap prices.The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $460-470 per tonne for the week to Monday September 9, falling by $5 per tonne from a week earlier.Mark...Read More

CHINA REBAR: Prices pick up after rate cut announcement

September 10, 2019 / Staff reporter

China's rebar prices increased in both the domestic and export markets on Monday September 9 after the country's central bank unveiled plans ahead of the weekend to increase liquidity to shore up the Chinese economy. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($512-516) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,650-3,680 yuan per tonne, up 20 per tonneThe People's Bank of...Read More

TURKEY FERROUS SCRAP: Local scrap prices down on falling imported scrap costs

September 10, 2019 / Staff reporter

Domestic scrap prices in the Turkish market have gone down over the past week amid falling imported scrap values, sources said on Monday September 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,445-1,650 ($252-288) per tonne on Monday, down from last week's TRY1,520-1,770 per tonne.This downward movement in the weekly assessment came...Read More

DAILY SCRAP REPORT: Mills expect lower prices, demand limited

September 10, 2019 / Staff reporter

The Turkish steel mills held back from the deep-sea scrap markets at the beginning of the week, expecting further prices decreases, sources said on Monday September 9.Four deep-sea bookings were made last week, at prices which pushed down the daily scrap indices by more than $18 per tonne.Three bookings on September 3 lowered prices by $12.30 per tonne day on day. On September 5, prices dropped by...Read More

IRON ORE DAILY: Prices jump above $90/t again; build on futures, steel gains after China's RRR cut

September 10, 2019 / Staff reporter

Seaborne iron ore prices rose strongly above $90 per tonne cfr China on Monday September 9, reflecting gains in the futures and steel markets after the Chinese government boosted liquidity in the commercial banking sector.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.97 per tonne, up $3.92 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.36 per tonne, up $3.92 per tonn...Read More

Slab import prices in Asia slide to lowest since January

September 10, 2019 / Staff reporter

Import prices for steel slab in Southeast Asia and East Asia have fallen for a third consecutive week amid a downturn in the global steel markets that has damped buying interest for slab, market sources told Fastmarkets on Monday September 9.Buyers were likely to take a wait-and-see approach amid expectations that prices will fall, a trader in Indonesia said.Fastmarkets' weekly price assessment fo...Read More

CHINA REBAR: Prices pick up after rate cut announcement

September 10, 2019 / Staff reporter

China's rebar prices increased in both the domestic and export markets on Monday September 9 after the country's central bank unveiled plans ahead of the weekend to increase liquidity to shore up the Chinese economy. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($512-516) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,650-3,680 yuan per tonne, up 20 per tonneThe People's Bank of...Read More

GLOBAL BILLET WRAP: Prices slump to fresh lows for 2019 in most markets

September 10, 2019 / Staff reporter

Billet prices in most markets around the world tumbled to set fresh year-to-date lows last week amid sluggish demand in the downstream long steel markets. The downturn in the Turkish ferrous scrap market also contributed to bearish sentiment. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $244.15 per tonne last Friday September 6, its lowest sinc...Read More

GLOBAL FERRO-SILICON WRAP: China hits new 2019 low; Europe eyes Q4 deals

September 10, 2019 / Staff reporter

The export price for Chinese ferro-silicon has reached a 27-month low amid persistent weak demand and tough international competition, Fastmarkets heard on Monday September 9.In Europe, the market extended its steady trend into a third week in a row, but losses were looming amid an expectation of weaker settlements for deliveries in the fourth quarter. China domestic price weakens ahead of Septemb...Read More

EU authorities approve adjustment of import quota increase to 3%, market sources say

September 10, 2019 / Staff reporter

European authorities have approved an adjustment to the safeguard quota system, lowering the annual quota increase amount to 3%, as part of a review of the existing safeguard mechanism on September 4, market sources told Fastmarkets on Friday September 6. The definitive safeguard mechanism already in place increases the level of tariff-free quotas for each product category by 5% annually. The firs...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok