The domestic price for steel rebar in Brazil - which had not moved in three months - fell on Friday August 13 amid mill discounts, confirming lingering signs of a downturn.In Brazil, rebar supply recovered in 2021, and scrap prices started being cut. The global scenario lent headwinds to the Brazilian rebar price, with a downturn seen particularly in Turkey.Brazil-based steelmakers often follow in...Read More
A drill intercept of 60m grading 1% copper from 139m depth reported today included an interval of 23m at 1.7% copper.Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 13.Susan Zou, Yingchi Yang and...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 3 points in pre-opening trade.Walt Disney added $5.71 to $185.00 after reporting higher than consensus fiscal third quarter revenues and earnings. Wal-Mart added $0.41 to $149.47 after Stifel Nicolaus raised its target price from $150 to $155.Target advanced $1.18 to $263.06 after Stifel Nicolaus raised its target pri...Read More
The import pig iron market in the United States was soft and calm during the week ended Friday August 13 due to oversupply, sources said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $585-595 per tonne on Friday, narrowing downward from $585-600 per tonne cfr a week before.No new deals were...Read More
The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne at the top end of its price range over the week to Friday August 13 due to the seasonal summer slowdown and weaker monthly domestic delivery settlements, sources told Fastmarkets.A drop in prices at UK dockside markets, a major influence on domestic prices, has also weighed on the light iron market, sources said.Fastma...Read More
Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.Turkish scrap prices fell amid weak downstream demandUnited States scrap exports were poor due to high freight costsWeak demand for imports in Vietnam due to Covid-19China abstains from purchasing due to large bid-offer sp...Read More
The price of shredded steel scrap into Pakistan and India diverged on Friday August 13 with Pakistan reporting restocking behaviour while demand in India remained low, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $532.37 per tonne on Friday, up from $530.64 per tonne one week earlier.Deal prices increased durin...Read More
The export price for pig iron from the Commonwealth of Independent States went down during the week to Thursday August 12 in new sales to neighboring markets.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS, at $540-560 per tonne on Thursday, down from $550-580 per tonne the previous week."The price will continue to go down until the CIS suppliers ar...Read More
Turkish steel mills ended the week in silence and remained out of the deep-sea scrap market on Friday August 13, sources told Fastmarkets.No new deals were reported this week, but several deals completed in the previous week came to light.On Monday, news emerged of a steel mill in the Iskenderun region purchasing a United States-origin cargo for September shipment comprising 30,000 tonnes of HMS 1...Read More
Australia-listed lithium miners Orocobre and Galaxy have gained the shareholders' and court approvals that were necessary for their proposed merger, the companies announced on Friday August 13.On August 6, Galaxy's shareholders voted in favor of the deal, and on August 13 the Supreme Court of Western Australia made orders approving the proposed merger, the companies said.According to the merger sc...Read More
Seaborne coking coal prices trended higher in the cfr China market following a strong domestic coking coal market and fell slightly in the fob market on Friday August 13 with market participants adopting a wait-and-see attitude.Prices for seaborne pulverized coal injection (PCI) increased in the cfr China market in the week to August 13 based on good restocking demand from end users and rose sligh...Read More
Iron ore prices across the board drop on Friday August 13 due to continued thin liquidity in the seaborne market, with one market participant describing the outlook as "grim."Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.07 per tonne, down $0.89 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.74 per tonne, down $0.45 per tonne58% Fe fines high-grade premium, cfr Qingdao: $130.6...Read More
China's domestic hot-rolled coil prices extended their losses on Friday August 13, as market participants weighed demand concerns against shrinking production.DomesticEastern China (Shanghai): 5,750-5,780 yuan ($887-892) per tonne, down by 30-40 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,700-5,750 yuan ($880-887) per tonne, upward widening by 40 yuan per tonne The China Iron & S...Read More
Base metal stocks in Shanghai Futures Exchange-approved warehouses were largely down in the week to Friday August 13, with tin falling most in percentage terms due to a supply tightness in the country.Tin inventories totaled 2,193 tonnes in the week to August 13, down by 651 tonnes (29.7%) from the previous week. The 830 Huangpu Logistics warehouse in Guangdong reported the largest outflow, with v...Read More
Eastern China rebar prices held steady on Friday August 13 on tighter supply due to lower spot market inventories, but prices were down by 10 yuan per tonne week on week due to Thursday's fall.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($803-808) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,170-5,210 yuan per tonne, up by 60-70 yuan per tonneFalling spot market invento...Read More
An overview of the aerospace materials markets and the latest price moves Jessica Long, Ruby Liu and Carrie...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....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...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More