Turkish domestic ship scrap prices went down in line with the weakening of the country's lira during the week ended May 6, while auto bundle scrap prices remained largely stable, sources said on Tuesday May 7.Three steel mills lowered their buy prices for ship scrap to $305 per tonne delivered, while a fourth mill kept its buy price flat at $310 per tonne delivered.As a result, Fastmarkets' weekly...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $93.30 per...Read More
Iron ore prices jumped above $95 per tonne cfr again on Tuesday May 7 after further disruption at Vale's Brucutu mine in Brazil.MB 62% Fe Iron Ore Index: $96.15 per tonne cfr Qingdao, up $1.81 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.83 per tonne cfr Qingdao, up $1.46 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.86 per tonne cfr Qingdao, up $1.89 per tonne. MB 58% Fe Premium Ind...Read More
The seaborne coking coal market picked up some strength on Tuesday May 7, with the gap between bids and offers narrowing on the Global Coal trading platform.A cargo of branded materials, scheduled for loading in June, was first made at $216 per tonne fob Australia earlier in the day before being revised downward to $213 per tonne fob.Meanwhile, a bid for the same cargo went from $205 per tonne fob...Read More
Brazil's Vale is expecting its 2019 iron ore and pellets sales to fall between the bottom and the middle of its targeted 307-332 million tonnes, after a court decided to stop its 30-million-tonne-per-year Brucutu mine once again.The Minas Gerais Court of Justice has "monocratically decided" to suspend the effects of the ruling by the Lower Public Treasury Court of Belo Horizonte in March that auth...Read More
China's domestic hot-rolled coil prices edged up further on Tuesday May 7 on tight supply, which lent strength to the export market.DomesticEastern China (Shanghai): 4,070-4,090 yuan ($602-605) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,940-3,950 yuan per tonne, up 10 yuan per tonneTrading was described as moderate during the day amid stable demand, several sources told Fastmark...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here fo...Read More
China imported around 901,767 tonnes of chrome ore and concentrates in March, a drop of 20.6% month on month and a fall of 41.9% year on year, according to official but unconfirmed data seen by Fastmarkets. Meanwhile, China's chrome ore imports from South Africa, the world's largest chrome ore producer, came to 660,503 tonnes in March, accounting for around 73.2% of total shipments despite recordi...Read More
The US ferro-silicon price continued its precipitous fall last week amid pressure from the softer prices in global markets. Meanwhile, the European market found temporary stability amid shifting sentiment.US ferro-silicon market continues to weakenUS spot prices for ferro-silicon softened to 88-93 cents per lb on Thursday May 2, down by 2.7% from 92-94 cents per lb a week earlier, according to Fas...Read More
Metals...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 issue as soon as it’s published.Sub...Read More
Price revisits January 2017 low The...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 issue as so...Read More
Aluminium The LME three-month aluminium price closed on...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 downlo...Read More
Tight supply, but disappointing demand Although...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
Deterioration in US-China trade talks...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 issue as...Read More
Top-ranked price forecaster in Q1... Fastmarkets was the...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 t...Read More
Off to a poor start to...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 issue as soon as it’...Read More
Q1 reporting season in full swing 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 issue as soon a...Read More
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 issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS 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 lat...Read More
With US-China trade talks appearing to have soured, it is somewhat surprising that the metals markets are not weaker. But, confirmation that Chinese vice premier Liu He’s trip to Washington on Thursday May 9 is to go ahead, suggests there may still be a chance of a trade deal and that seems to be encouraging some dip-buying in the metals.Base metals Three-month base metals prices on the Londo...Read More