Domestic prices for steel hot-rolled coil across Europe were fairly stable over the week to Wednesday February 10, supported by good order books among EU steelmakers and good demand, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?708.33 ($856.64) per tonne on Wednesday, down by ?,?1.67 per tonne from ?,?710.00 per to...Read More
Base metals prices were putting in a strong performance on the last trading day before the Chinese New Year holiday, with all the metals, with the exception of an already-strong tin, seeing gains this morning, Wednesday February 10.* Bank loans in China were at new highs in January, with aggregate financing of 5.17 trillion yuan ($802 billion)* Optimism grows while focus is on vaccine rollout and...Read More
Domestic steel rebar prices in Southern Europe continued to slide for the second week in a row amid slow demand and a downtrend in the scrap segment, sources told Fastmarkets on Wednesday February 10. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?595-615 ($722-746) per tonne on Wednesday, down by ?,?5 from ?,?600-620 pe...Read More
The export billet price from the Commonwealth of Independent States region inched up on Wednesday February 10 after a booking to Turkey was heard done at higher levels. A cargo of CIS-origin billet was sold to Turkey at $530 per tonne fob Black Sea, several sources reported to Fastmarkets. This is up by $10-20 per tonne from previous sales heard earlier this month. This took Fastmarkets' daily ste...Read More
EAFE (EFA) moved above $75.75 to an all-time high extending an intermediate uptrend. Shanghai Composite Index moved above 3637.10 to a six year high extending an intermediate uptrend. American International Group (AIG), an S&P 100 stock moved above $42.57 extending an intermediate uptrend. Nvidia (NVDA), a NASDAQ 100 stock moved above $587.49 to an all-time high extending an intermediate uptre...Read More
Turkish scrap import prices rebounded from the bottom with at least two fresh deep-sea transactions, market sources said on Wednesday February 10. A steel mill in the Iskenderun region booked a Baltic Sea cargo, consisting of 18,000 tonnes of HMS 1&2 (95:5) at $399.50 per tonne cfr. And a steel mill in the Marmara region booked a European cargo at $395 per tonne cfr for HMS 1&2 (80:20), although t...Read More
Export prices for Japan-origin steel scrap rose again over the seven days to Wednesday January 10 following a strong result in the Kanto Tetsugen auction and continued buying from China.The highest bid in the auction - which is a cooperative of scrap dealers in the Tokyo region - came in at ?39,271 ($375) per tonne fas on Wednesday.That price was down by ?5,480 per tonne month on month from Janu...Read More
China's Shaanxi Iron & Steel has booked its first-ever imported scrap cargo, the company said this week.Its trading subsidiary Tong Chuan Import & Export booked 5,000 tonnes of steel scrap from Peru, with the cargo due to arrive at Rizhao Port in mid-March.This is the first import business in northwest China since restrictions on imports of ferrous scrap were relaxed."Ferrous scrap...Read More
The fob seaborne premium hard coking coal price fell on Wednesday February 10 after a transaction for premium low-volatility hard coking coal was concluded at a lower price, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $145.52 per tonne, down $8.52 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard coking coal, fob DBCT: $130.07 per tonne, down...Read More
Iron ore prices gained again on Wednesday February 10 after fewer shipments to China helped support the market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.90 per tonne, up $2.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $167.25 per tonne, up $2.79 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.02 per tonne, up $2.56 per tonne65% Fe Braz...Read More
China has further diversified the list of countries supplying heavy scrap (HS) imports, with recent deals from both South Korea and Singapore, market participants told Fastmarkets on Wednesday February 10.The deals only represent trial transactions at this stage, sources said, with suppliers still getting acclimatized to China's inspection systems following the first imported cargo passi...Read More
Inventories of base metals, with the exception of tin, increased in Shanghai Futures Exchange-registered warehouses this week, with zinc gaining the most in percentage terms at 14.9%, according to the stocks report on Wednesday February 10 - the last day of trading for the exchange before the start of the Chinese New Year holidays.Zinc inventories stood at 69,366 tonnes on Wednesday, an increase o...Read More
Copper, aluminium and nickel all reached new year-to-date highs during morning trading on Wednesday February 10, on a lower United States dollar index and positive economic data out of China on the day before the start of the Lunar New Year holidays. The three-month copper price rose to $8,302.50 per tonne on Wednesday morning, its highest level in eight years, since February 2013. Nearly 13,000 l...Read More
Base metals prices were putting in a strong performance on the last trading day before the Chinese New Year holiday, with all the metals, with the exception of an already strong tin, seeing gains this morning, Wednesday February 10.Bank loans in China were at new highs in January, with aggregate financing of 5.17 trillion yuan ($802 billion)Optimism grows while focus is on vaccine rollout and US s...Read More
The US Midwest aluminium premium rose to a near six-month high on Tuesday February 9, with sentiment growing increasingly bullish on expectations that US Section 232 tariffs will remain in place, while most premiums elsewhere were stable.US Midwest premium nears six-month highPremiums unchanged in Europe; LME contango supports Rotterdam duty-unpaidAsian markets mostly static; South Korean premiums...Read More
Fastmarkets has corrected its price assessment for selenium 99.5% Se min, in-whs Rotterdam, which was published incorrectly on Wednesday February 10 due to a reporter error.The price assessment for selenium, 99.5% Se min, in-whs Rotterdam, $ per lb, should have been $6-8 per lb, rather than the $6.30-7.80 per lb published.https://www.metalbulletin.com/My-price-book.html?price=34257This occurred af...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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.....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, in-whs Rotterdam,...Read More