Prices for hot-rolled coil and cold-rolled coil in the Turkish market have continued to strengthen during the week to Friday September 11 and further price increases are expected due to high production costs and strong demand, sources told Fastmarkets.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $297.53 per tonne on Friday, up fro...Read More
Domestic steel rebar prices in Poland remained fairly stable week on week on September 11, while producers considered new hikes for October bookings on steady demand and bullish scrap, sources told Fastmarkets on Friday.Rebar prices in Poland have stabilized after an increase last week, leaving Fastmarkets' latest price assessment for steel reinforcing bar (rebar), domestic, exw Poland at 1,920-1,...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Turkish steel mills stepped out of the market for imports of steel scrap in recent days following a spate of buying in the first half of the week to Friday September 11, while scrap prices in Southeast and East Asia have continued their climb.Turkey goes quiet after latest seven-cargo buying spreeUS export markets inch up following Turkish dealsVietnamese scrap prices increase after Japan auction...Read More
In the absence of any dominant themes at present the base metals and broader markets were mixed this morning, Friday September 11, but prices were generally on the back foot following the emergence of some weakness in recent days, especially in US tech shares.* Asian-Pacific equities and pre-market major western equity index futures were mixed following another down day in US equities on Thursday....Read More
The UK market for deliveries of steel scrap to domestic consumers has risen in September, adding ?10 ($13) per tonne to the earlier ?15 per tonne rise in August, with major shredders competing for scarcer material with smaller scrap suppliers, industry sources said this week.Moreover, a steady rate of export business to deep-sea destinations such as Turkey and the Indian sub-continent has also h...Read More
Prices for import pig iron in the United States rose during the week to Friday September 11 due to higher global prices driven by Chinese demand.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US went up to $368-375 per tonne on Friday from $360-365 per tonne one week earlier.Buyers estimated the market at $365-368 per tonne cfr - although one source said the...Read More
The price of ferrous scrap imports in containers into India moved up this week, despite sentiment being split due to the ongoing pandemic in the country, sources told Fastmarkets on Friday September 11.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $323.20 per tonne on Friday, up from $314.81 per tonne one week previous.Deals for shredded material were h...Read More
Turkish steel mills were quiet in the deep-sea scrap market on Friday September 11, avoiding firm offers and focusing on finished steel sales, sources said.The mills booked seven deep-sea cargoes earlier this week before withdrawing from the market on Thursday.Although offer prices remained firm later in the week, Turkish steelmakers ignored these amid strong supply, according to sources."Supplier...Read More
General Electric (GE), an S&P 100 stock moved below $6.00 extending an intermediate downtrend. Pre-opening Comments for Friday September 11thEquity index futures were higher this morning. S&P 500 Futures advanced 17 points in pre-opening trade.Index futures eased slightly following release of the August U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.3% versus...Read More
Export pig iron prices from Brazil went up again during the week to Friday September 11 on new sales.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $360-370 per tonne on Friday, up by $10 per tonne from $350-360 per tonne one week earlier. ...Read More
Seaborne iron ore prices rose on Friday September 11 amid expectations of a restocking of inventory by Chinese steelmakers before a national holiday next month, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $128.37 per tonne, up by $2.28 per tonne.62% Fe low-alumina fines, cfr Qingdao: $128.18 per tonne, up by $2.03 per tonne.58% Fe fines high-grade premium, cfr...Read More
Seaborne premium hard coking coal prices rose on Friday September 11 after Chinese market participants returned to the market and added impetus to spot trading activity, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.38 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $127.59 per tonne, up $0.78 per tonneHard coking coal, fob DBCT: $92.18 per tonne, u...Read More
QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is 21 years up, that does not give a lot of confidence for a continued rally just yet. Will you be doing the gold repo...Read More
Trading activity picked up in China's hot-rolled coil market on Friday September 11 in response to rising futures, though prices weakened from a day earlier.DomesticEastern China (Shanghai): 3,890-3,920 yuan ($569-574) yuan per tonne, down 30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,880-3,900 yuan per tonne, down 10-20 yuan per tonneSellers in Shanghai issued offers at 3,890-...Read More
The waiting time for aluminium to be delivered from Istim's warehouses in Port Klang, Malaysia, was 69 days at the end of August, according to the latest London Metal Exchange queue report.This is little changed from the 68-day queue registered at the end of July, which built up after more than 200,000 tonnes of aluminium were cancelled during July. LME aluminium stocks fell by 77,800 tonnes...Read More
In the absence of any dominant themes at present the base metals and broader markets were mixed this morning, Friday September 11, but prices were generally on the back foot following the emergence of some weakness in recent days, especially in US tech shares. Asian-Pacific equities and pre-market major western equity index futures were mixed following another down day in US equities on Thursday....Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More