Seaborne iron ore prices edged lower on Friday November 12, after more steel mills took the opportunity to carry out blast furnace maintenance after margins tightened significantly over the week, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.69 per tonne, down $2.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $91.39 per tonne, down $2.64 per tonn...Read More
Nornickel has said no ship was late bringing nickel to the United States last week, refuting reports in the market that such a delay was the reason for US nickel premiums reaching new heights earlier this week.Some sources had said that a vessel delay had triggered short covering by customers who bought nickel briquette in a 41% higher range in the week to Tuesday, November 9. "All deliveries have...Read More
The market for pig iron exports from the south of Brazil remained stable during the week ended Friday November 12 due to limited trading.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $500-510 per tonne on Friday, unchanged week on week.Read More
Prices for shredded steel scrap imported into Pakistan and India diverged on Friday November 12; the latter weakened and halted purchases, sources told Fastmarkets.PakistanTraders opted to sell their material into the Pakistan market during the week after the nearby Indian market underwent a downward correction, while Pakistan prices remained firm.Fastmarkets calculated its weekly steel scrap, shr...Read More
The second- and third-largest tin producers in the world, PT Timah and the Malaysian Smelting Corporation (MSC), both reported strong financial results for the nine-month period to September 2021 on record-high tin prices. In the January-September period of 2021, the London Metal Exchange Tin Cash price averaged $30,039 per tonne, nearly doubling the average of $16,556 per tonne from the same peri...Read More
The seaborne low-volume pulverized coal injection (PCI) cfr price plummeted in the week to November 12 on the latest trades and offers. The fourth round of Chinese domestic coke price cuts began, and seaborne coking coal prices in both the cfr and fob markets were relatively flat on Friday.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $522.01 per tonne, unchangedHard coking coal,...Read More
Prices for hot-rolled coil in the United States finished the week below $93 per hundredweight ($1,860 per short ton) for the third consecutive day and at its lowest level since late July, with sources saying further price corrections are possible in the coming weeks.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $92.29 per cwt ($1,845.80 per ton) on Friday November 1...Read More
Local and export prices for hot-dipped galvanized coil decreased in Turkey in the week to Friday, November 12, with buyers holding back in anticipation of further price falls, sources told Fastmarkets.Demand for color-coated coil in the domestic market, meanwhile, improved because of low stock levels at end users, the sources added.Domestic pricesFastmarkets' weekly price assessment for steel HDG...Read More
Brazilian domestic flat steel prices dipped in November after a series of discounts and amid weakening market demand.Steel producers started granting discounts on spot prices for coil in late September and October, which sparked a fight for market share among sellers, leading to additional price reductions.Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Braz...Read More
Base metal prices on the London Metal Exchange mostly closed higher on Friday November 12, with aluminium and nickel emerging as the week's strongest performers.Three-month aluminium reached an intraday high of $2,714 per tonne on Friday, its highest since November 4.The light metal closed slightly lower at $2,700 per tonne, marking a 3.6% gain since the start of the week, when it was at $2,605 pe...Read More
Domestic prices for steel rebar have been reduced in Brazil for November orders, with previous discounts from mills consolidating at even lower levels, Fastmarkets heard on Friday November 12.Market participants were still seeing room for a price increase given the much higher import offers, and there were reports of some attempts for a 7% rise, but delivery at stable prices until the year-end was...Read More
A wide gap between bids and offers in the major deep-sea markets for ferrous scrap prevented deals being made for much of the week ended Friday November 12, sources have told Fastmarkets.?EUR?Turkey steelmakers struggle to buy December-delivery scrap?EUR?US suppliers resist lower bids amid tight supplies?EUR?Vietnam quiet amid volatile markets?EUR?Bids, offers remain far apart in cfr China market?...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
Prices for aluminium primary foundry alloy (PFA) in Europe and the US were steady, with global silicon prices starting to ease during the last few weeks.Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at $800-900 per tonne on Friday November 12, flat at a record high from the previous assessment, on October 8.Fastmarkets' monthly aluminium primary fou...Read More
A wide gap between bids and offers in the major deep-sea markets for ferrous scrap prevented deals being made for much of the week ended Friday November 12, sources have told Fastmarkets.?EUR?Turkey steelmakers struggle to buy December-delivery scrap?EUR?US suppliers resist lower bids amid tight supplies?EUR?Vietnam quiet amid volatile markets?EUR?Bids, offers remain far apart in cfr China market?...Read More
Spot copper concentrate processing charges dropped slightly during the week ended Friday November 12, with the market focused on 2022 contract negotiations. Spot activity was minimal, with treatment charges for smelter purchases and trader purchases in the low-$60-per-tonne and low-$50-per-tonne range respectively. As a result, Fastmarkets' calculation of the copper concentrate TC index, cif...Read More
Seaborne lithium carbonate prices continued to rise in East Asia on the strength of the Chinese market in the week to Thursday November 11, with tight spot supply providing additional support.?EUR? Battery-grade lithium carbonate prices in East Asia's seaborne market catching up with prices in China; lithium hydroxide prices stable.?EUR? China's lithium prices steady ahead of next round of month-e...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
Prices for flat-rolled steel products imported into South America fell further in the week to Friday November 12 amid lower offers from China and weakening demand from clients on both coasts of the continent, market participants have said.January-shipment negotiations had not yet gained traction, with buyers holding back in anticipation of even cheaper offers and with traders concerned about booki...Read More
Prices for aluminium primary foundry alloy (PFA) in Europe and the US were steady, with global silicon prices starting to ease during the last few weeks.Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at $800-900 per tonne on Friday November 12, flat at a record high from the previous assessment, on October 8.Fastmarkets' monthly aluminium primary fou...Read More