Lead stocks on the Shanghai Futures Exchange rose to 40,497 tonnes as of Friday August 2, up by 4,777 tonnes or 13.4% from last Friday, according to the SHFE's latest inventory report. The largest inflow of lead this week was registered at Zhejiang Tianchuan in Zhejiang province, with 3,219 tonnes of the metal entering the warehouse. An increased number of orders for lead could have stemmed from a...Read More
Price movements in the global ferrous scrap markets were mixed in the past week. Poor demand in India and Turkey caused prices to fall or remain stable, but Asian scrap buyers have accepted increased prices because of higher settlements in the domestic market of the principal supplier, the United States. Weak downstream markets keep Turkish mills away from spot market Higher freight cost pushes do...Read More
Low-grade manganese ore prices have given up most of July's gains in the past two weeks due to lower offers and general risk aversion in China. Fastmarkets' manganese ore index 37% Mn, cif Tianjin, dropped 12 cents to $5.39 per dmtu on Friday August 2 after producers reported aggressive counter-bids from buyers in China, prompting them to offer low to secure sales. Some deals were reported as...Read More
The management turnaround planned by Brazilian mining company Vale for its nickel operations in New Caledonia will not be fully seen in 2019, chief financial officer Luciano Siani said in a conference call on Thursday August 1.Output at the unit is not expected to improve significantly in the second half of the year, following a steep decline during the first six months in 2019, the executive said...Read More
Three-month base metals prices on the London Metal Exchange were predominantly weaker at the close of trading on Friday August 2, with copper leading losses and falling by some 2.2% to reach its lowest level since June 2017 amid a sharp sell-off across the complex.Largely prompted by fresh tariff threats against China from United States president Trump, investors took caution and reduced risk-expo...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday August 2:Aluminium scrapFloated frag, delivered consumer Europe, ?,?/tonne: ?,?980-1,000 per tonne...Read More
Lead stocks on the Shanghai Futures Exchange rose to 40,497 tonnes as of Friday August 2, up by 4,777 tonnes or 13.4% from last Friday, according to the SHFE's latest inventory report. The largest inflow of lead this week was registered at Zhejiang Tianchuan in Zhejiang province, with 3,219 tonnes of the metal entering the warehouse. An increased number of orders for lead could have stemmed from a...Read More
The three-month copper price on the London Metal Exchange was down during morning trading on Friday August 2, falling to its lowest level since June 10, while zinc futures shed 1.4% of Thursday's gains. Copper futures were recently trading just over $5,800 per tonne this morning, falling by more than 3% from levels seen last week, when copper's three-month price was trading above $6,000 per tonne....Read More
China imported 52.6 million tonnes of bauxite in the first six months of 2019, up by 30.2% year on year, according to official but unconfirmed data seen by Fastmarkets. This compares with the 40.4 million tonnes imported in January-June 2018. The increase was largely attributed to supply tightness in the Chinese domestic market, resulting from supply-side disruptions amid frequent environmental in...Read More
Domestic rebar prices in Poland rose during the past week, supported by an anticipated increase in ferrous scrap costs, sources told Fastmarkets on Friday August 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 2,100-2,120 zloty ($540-545) per tonne on August 2 compared with 2,070-2,120 zloty per tonne a...Read More
The domestic price of Brazilian rebar has shown another drop for August deliveries because the scrap price downtrend has intensified, smaller competitors were aggressive about granting discounts, and overall long-rolled steel consumption in the country went down.Fastmarkets assessed the price for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, at 2,300-2,400 Reais ($601-627) pe...Read More
Soaring iron ore prices have pushed Chinese hot metal costs up above those for ferrous scrap over recent months, stimulating greater use of the secondary raw material, according to calculations by Fastmarkets' research team. Fastmarkets' Steel Cost Service updates for the first and second quarters of 2019 detail average global integrated (BOF-route) plant's crude steel costs rose to an average of...Read More
Turkish hot-rolled coil and cold-rolled coil prices were mostly stable over the week ended on Friday August 2 due to the summer slowdown and a reduction in end-user consumption, sources told Fastmarkets.HRC exportsTurkey's export price for HRC was stable with only one deal heard, sources said.Fastmarkets' weekly price assessment for steel HRC, export, fob main port Turkey, was at $500-505 per tonn...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil decreased over the week ended Friday August 2, with demand reported to be weak in both the local and export markets.Coated coil producers started to give discounts because of the slow market activity.Domestic pricesDemand in the country's local market was soft over the pricing week due to the summer holiday season.One produc...Read More
China's rebar futures fell on Friday August 2 after United States President Donald Trump threatened to impose a 10% import duty on $300 billion worth of Chinese goods from September 1, which pushed down spot prices for the long steel product. Domestic Eastern China (Shanghai): 3,820-3,850 yuan ($554-558) per tonne, down 60-70 yuan per tonneNorthern China (Beijing): 3,750-3,780 yuan per tonne, down...Read More
China's hot-rolled coil sellers lowered their prices on Friday August 2 following a decline in the futures market, with sentiment deteriorating after United States President Donald Trump threatened to impose a new tariff on Chinese goods.DomesticEastern China (Shanghai): 3,760-3,770 yuan ($545-546) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,780 yuan per tonne, down 30 yuan per to...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
UK and European alloy steel scrap prices have increased over the past week due to higher nickel costs, sources told Fastmarkets on Friday August 2.The price of nickel, 3 months, London Metal Exchange Daily Official, was $14,520-14,525 per tonne on August 2, up from $14,100-14,125 per tonne on July 26.As a result,...Read More
The inter-merchant spot market for UK light iron was stable over the week to Friday August 2, extending the steady trend into a sixth week, in line with persistently limited volumes of material being made available to major processors, sources have told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?80-100 ($97-12...Read More