Base Metal Stocks Articles

TURKEY FLAT STEEL WRAP: Prices down in August, demand remains weak

September 08, 2019 / Staff reporter

Demand for flat steel products in Turkey was weak in August because of the seasonal summer slowdown as well as falling prices, market participants have told Fastmarkets.And local producers have now filled their order books until late October, they said on Thursday September 5.Turkish steel prices increased on May 17 after the import duty into the United States, which was applied at a rate of 50% i...Read More

LIVE FUTURES REPORT 06/09: LME nickel spreads tighten on mild buying momentum; lead price finds support

September 07, 2019 / Staff reporter

The London Metal Exchange three-month nickel price closed higher on Friday September 6, with fresh buying momentum prompting the metal's forward spreads to tighten, while a steady incline in lead futures led the metal to top afternoon gains. Volumes traded in nickel over the afternoon were moderate at 8,600 lots, while average daily turnover returned to the August average of below 10,000 lots. Mor...Read More

BATTERY RAW MATERIALS MARKET REPORT 06/09: Chinese cobalt prices rise due to higher raw materials costs

September 07, 2019 / Staff reporter

An overview of the battery raw materials markets and their latest price moves.Read More

SHFE STOCKS REPORT 06/09: Lead inventories plunge 16%; nickel stocks fall 15%

September 07, 2019 / Staff reporter

Barring copper and zinc, base metal stocks at Shanghai Futures Exchange-approved warehouses fell in the week to Friday September 6, with the biggest percentage fall in lead stocks, which tumbled by 16.3% or 5,081 tonnes to 25,998 tonnes. The largest outflow in lead inventories was registered at Zongchu Wuxi's warehouse in Jiangsu, which delivered out 2,863 tonnes leaving 8,641 tonnes of material,...Read More

BATTERY RAW MATERIALS MARKET REPORT 06/09: Chinese cobalt prices rise due to higher raw materials costs

September 07, 2019 / Staff reporter

An overview of the battery raw materials markets and their latest price moves.Read More

GLOBAL CHROME SNAPSHOT: European high carbon ferro-chrome market ends months of softening

September 07, 2019 / Staff reporter

Key data from the pricing sessions in China, Europe and the United States for the week ending Friday September 6. Europe  The high carbon ferro-chrome market rose for the first time since the week ended March 29 when the market was assessed at $0.98-1.18 per lb.  The market narrowed upward after some sellers successfully raised their offer prices although demand remained weak.  Othe...Read More

Albchrome extends maintenance work at two ferro-chrome plants amid weak demand

September 07, 2019 / Staff reporter

Albania-based chrome ore miner and high carbon ferro-chrome smelter Albchrome has extended the maintenance period of two of its furnaces for an additional three months, the company said on Friday September 6. Albchrome is undertaking maintenance at one furnace at its Burrel plant and another at its Elbasan plant. Both plants are only operating at 50% capacity during the works, according to a compa...Read More

MINOR METALS MARKET REPORT 06/09: Cadmium price supported on increased interest from India

September 07, 2019 / Staff reporter

An overview of the minor metals markets and their latest price moves.Read More

BATTERY RAW MATERIALS MARKET REPORT 06/09: Chinese cobalt prices rise due to higher raw materials costs

September 07, 2019 / Staff reporter

An overview of the battery raw materials markets and their latest price moves.Read More

WEEKLY SCRAP WRAP: Global prices plunge on weak demand, more falls expected

September 07, 2019 / Staff reporter

Global ferrous scrap prices plunged worldwide over the week ended Friday September 6, with buyers expecting more price falls in the near term after key Turkish mills bought cargoes at prices lower than the latest previous transactions.Key buyers in Turkey, Vietnam and South Korea were looking for bargains and bought cheap imported cargoes, but other market participants have remained in wait-and-se...Read More

EUROPE ALLOY STEEL SCRAP: UK prices narrow upwards with nickel price surge stalling

September 07, 2019 / Staff reporter

Prices of austenitic alloy steel scrap in the UK domestic market were stable this week at last week's closing level amid relatively stable nickel prices, sources told Fastmarkets on Friday September 6. A surge in the nickel contract on the London Metal Exchange on August 30 of 9.6% day on day resulted in higher scrap prices, which in turn widened upward the range of scrap prices for that week. Nic...Read More

DAILY SCRAP REPORT: Prices stable; market takes stock after recent falls

September 07, 2019 / Staff reporter

Turkish steel producers stepped back from the market on Friday September 6 - no new bookings were heard following a series of price falls this week, sources said.Three bookings on Tuesday lowered prices by $12.30 per tonne from Monday. A steel mill in the Marmara region purchased a UK cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $250 per tonne cfr. A steel mill in the Izmir region booked a...Read More

MORNING VIEW: LME base metals prices consolidate after recent rebounds, sentiment improved for now

September 07, 2019 / Staff reporter

What difference a few days makes, with base metals and broader, non-haven, markets looking considerably more upbeat recently, with copper prices on Thursday September 5 reaching levels last seen in early August - that after just two-days of gains. That said, the metals are consolidating this morning.This risk-on move has seen gold, the Japanese yen and outright benchmark United States 10-year trea...Read More

BATTERY RAW MATERIALS MARKET REPORT 06/09: Chinese cobalt prices rise due to higher raw materials costs

September 07, 2019 / Staff reporter

An overview of the battery raw materials markets and their latest price moves.Read More

GLOBAL LITHIUM WRAP: Sporadic buying continues to weigh on Chinese lithium prices

September 07, 2019 / Staff reporter

China's domestic spot battery-grade lithium carbonate price narrowed downward in the week ended Friday September 6 with most deals concluded at lower end of Fastmarkets' published range, while those few deals struck at higher rates were done so on credit terms.The Chinese lithium hydroxide market also softened this week with more producers lowering their offer prices to entice buyers amid sluggish...Read More

Brazilian flat steel domestic prices down on inventory discounts

September 07, 2019 / Staff reporter

Flat steel prices in the Brazilian domestic market have fallen in early September, with sellers granting discounts on large batches of inventory material, sources have told Fastmarkets.Fastmarkets' price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, was 2,250-2,470 Reais ($549-603) per tonne on Friday September 6, down from 2,470-2,517 Reais per tonne a month earlier.The pri...Read More

Indian mills cut domestic HRC prices by $14 per tonne

September 07, 2019 / Staff reporter

Indian steel producers have reduced the price of hot-rolled coil (HRC) for domestic sales in September by about 1,000 rupees ($14) per tonne through discounts and price support offered to distributors.The price of steel HRC, domestic, ex-works India, was assessed by Fastmarkets on Friday September 6 at 35,000-35,500 rupees ($486-493) per tonne, lower by 1,000 rupees per tonne than last week's asse...Read More

South America flat steel import prices under pressure despite Chinese upturn

September 07, 2019 / Staff reporter

Import prices in South America for flat steel products moved in different directions during the first week of September, with galvanized coils showing the strongest effects from the recent Chinese upturn, while most other prices were down or steady compared with the previous assessments.Demand remained weak especially in Brazil, but more activity was reported in Peru, Chile and Colombia.Fastmarket...Read More

Brazil domestic rebar weakens in September as price increase fails

September 07, 2019 / Staff reporter

The domestic price for Brazilian steel rebar dropped for the fourth consecutive month in September, with apparent long steel consumption faltering, smaller producers increasing the discounts granted to customers, and ferrous scrap costs holding steady.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, was 2,125-2,300 Reais ($519-561) per tonne on...Read More

POLAND REBAR: Domestic prices dip on expected fall in scrap costs

September 07, 2019 / Staff reporter

Domestic rebar prices in Poland have moved down over the past week, reflecting the expected decrease in ferrous scrap costs, sources told Fastmarkets on Friday September 6.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 2,100-2,150 zloty ($534-546) per tonne on September 6, down by 50 zloty per tonne week-on-week from 2,150-2,200 zloty per tonne.Th...Read More

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