Base Metal Stocks Articles

MORNING VIEW: Metals prices consolidate, markets awaiting trade developments

September 04, 2019 / Staff reporter

Nickel remains in the spotlight because the market now has concrete news to adjust to and tin seems to be rising on nickel's coattails, with Indonesia being the second largest producer of tin in the world.The other metals and markets in general are now waiting for further news on when United States-China trade talks will resume - given generally poor manufacturing purchasing managers' index (PMI)...Read More

GLOBAL FERRO-SILICON WRAP: Chinese market weakens further on soft demand

September 04, 2019 / Staff reporter

Recent losses in the Chinese ferro-silicon price deepened over the past week in line with persistently softer demand, while the European market was steady, although a lack of buying interest was expected to weigh on prices in the near term. Export price in China drops on weak buying interest while domestic market tracks trendEuropean market under downward pressureUS FeSi prices firm on small trans...Read More

GLOBAL CHROME WRAP: Fresh 10-year low for European ferro-chrome price

September 04, 2019 / Staff reporter

Ferro-chrome prices continue to weaken in Europe due to producers' competition for sparse consumer interest. Alloy prices in Europe still weakening at lowest levels since 2009Ore and alloy prices hold in ChinaAlloy prices tick up in South Korea on potential Indian supply disruption US FeCr prices remain flat on thin tradingThe European ferro-chrome price softened slightly to a fresh ten-year low o...Read More

Rising Chinese silico-manganese supply, squeezed ore trader margins dominate outlook for H2 2019 - sources

September 04, 2019 / Staff reporter

Fastmarkets presents five main takeaways from the Ferroalloynet 16th International Manganese Products conference in Ulanqab, in northern China's Inner Mongolia, on August 28-30. Growth of steel demand in China likely to slow in H2 2019... Both supply and demand for steel in China will maintain a relatively steady pace in the second half of the year, but the growth rate will be slower compared with...Read More

FOCUS: Market eyes selenium price outlook after weak summer trading

September 04, 2019 / Staff reporter

Market participants have kept a close eye on the softening European selenium price over the summer for clues on how the market will perform from September when activity usually starts to pick up. Fastmarkets assessed the price of selenium in-whs Rotterdam at $7.50-9.50 per lb on Friday August 30, unchanged from the previous assessment but still under pressure with several offers pending at th...Read More

DAILY SCRAP REPORT: Second day of silence as traders wait for market direction

September 04, 2019 / Staff reporter

Turkish steel producers stayed away from the deep-sea scrap market for a second day this week, with no new cargoes booked on Tuesday September 3, sources told Fastmarkets.No new cargoes have been booked since Tuesday last week when, day on day, prices dropped by $11.55 per tonne. Market participants said they had heard rumors of possible new trades, but wanted to wait until the...Read More

COMMENT: It's topsy-turvy time of the year again for steel prices

September 04, 2019 / Staff reporter

Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More

DAILY SCRAP REPORT: Mills pause bookings amid recent price falls

September 04, 2019 / Staff reporter

The Turkish steel producers have started the week quietly, and have not booked any new deep-sea scrap cargoes despite a heavy drop in prices last week, sources said on Monday September 2.The markets have been silent since August 27, when prices dropped by $11.55 per tonne day on day on news of the latest trades.Since then, however, traders have stepped back...Read More

MORNING VIEW: Metals prices consolidate, markets awaiting trade developments

September 04, 2019 / Staff reporter

Nickel remains in the spotlight because the market now has concrete news to adjust to and tin seems to be rising on nickel's coattails, with Indonesia being the second largest producer of tin in the world.The other metals and markets in general are now waiting for further news on when United States-China trade talks will resume - given generally poor manufacturing purchasing managers' index (PMI)...Read More

RUSSIA FLAT STEEL: Mills hold prices steady with 'no cause for declines'

September 04, 2019 / Staff reporter

Key suppliers of flat steel to Russia's Central Federal District around Moscow kept their prices unchanged during the week ended Monday September 2, with no apparent reason for the shifts that have been seen in the domestic market, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was unchanged at 45,100-45,500 roubles ($67...Read More

China's anti-pollution restrictions to support CRC, HDG export prices

September 04, 2019 / Staff reporter

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil increased over the past week due to the limitations imposed on steelmakers' output in September and October being expected to provide support for prices, sources said.More than 30 mills in China's steelmaking hub of Tangshan were instructed to reduce sintering and blast furnace operations by up to 50% between September 1 and...Read More

COMMENT: It's topsy-turvy time of the year again for steel prices

September 04, 2019 / Staff reporter

Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More

IN CASE YOU MISSED IT: 5 key stories from September 3

September 04, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Tuesday September 3 that are worth another look.Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down.The seaborne high-grade manganese ore index fell in the...Read More

GULF STEEL BILLET, REBAR: Import prices fall but market still slow

September 04, 2019 / Staff reporter

Prices for steel rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand remaining poor, sources said on Tuesday September 3.Market participants believed that demand would improve after the price falls stopped, because buyers did not want to book while prices were still on their way downward.Domestic rebarEmirates Steel is the UAE's largest producer,...Read More

COMMENT: It's topsy-turvy time of the year again for steel prices

September 04, 2019 / Staff reporter

Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More

DAILY SCRAP REPORT: Second day of silence as traders wait for market direction

September 04, 2019 / Staff reporter

Turkish steel producers stayed away from the deep-sea scrap market for a second day this week, with no new cargoes booked on Tuesday September 3, sources told Fastmarkets.No new cargoes have been booked since Tuesday last week when, day on day, prices dropped by $11.55 per tonne. Market participants said they had heard rumors of possible new trades, but wanted to wait until the...Read More

IRON ORE MONTHLY: 65% Fe derivatives volumes stay above 2 million tonnes

September 04, 2019 / Staff reporter

The uptrend in the iron ore market since 2019 started halted in August, with a month-on-month price decline of 24% for 62% Fe material and a 23% price decline for 65% Fe material.The 65% Fe derivatives contract on the Singapore Exchange - which was launched in December 2018 and settled against Fastmarkets' daily 65% Fe iron ore index - stayed above 2-million-tonne trading volumes in August, compar...Read More

IRON ORE DAILY: Prices retreat below $90/t again

September 04, 2019 / Staff reporter

Physical iron ore prices were down on Tuesday September 3 amid a cooling off in buying interest while the futures market stayed largely rangebound.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.14 per tonne, down by $1.44 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $89.53 per tonne, down by $1.44 per tonne.62% Fe low-alumina fines, cfr Qingdao: $86.80 per tonne, d...Read More

GULF STEEL BILLET, REBAR: Import prices fall but market still slow

September 04, 2019 / Staff reporter

Prices for steel rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand remaining poor, sources said on Tuesday September 3.Market participants believed that demand would improve after the price falls stopped, because buyers did not want to book while prices were still on their way downward.Domestic rebarEmirates Steel is the UAE's largest producer,...Read More

CHINA REBAR: Domestic prices keep rising on strong futures

September 04, 2019 / Staff reporter

China's domestic rebar prices rose again on Tuesday September 3, supported by strong futures prices even though trading was not very active. Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($504-508) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,600-3,620 yuan per tonne, up 20 yuan per tonne The rebar futures price on the Shanghai Futures Exchange remained above Monday's set...Read More

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