November 2018

NORTH AMERICAN BRIEF 08/11: LME prices dip; Australian Al exports to US at yr-high; Chinese nickel demand to rise

The latest metal markets news and price moves to start the North American day on Thursday November 8.

FOCUS: China’s dominance wanes in Asian stainless steel market amid intense price competition

Asian stainless steel participants are increasingly looking to Taiwan and Indonesia as the region’s new price-setters, while Chinese exporters struggle to catch up in the heated price war, participants told Fastmarkets MB.

China AM: Futures fall amid weakening physical markets

China’s ferrous futures fell during morning trading on Thursday November 8 after prices in most of physical markets weakened a day earlier.

China’s stainless steel prices flat amid weak demand

China’s domestic stainless steel prices were flat over the past week amid inactive trading.

East Asian stainless steel market still depressed amid tepid demand, weak nickel

Import prices for stainless steel in East Asia continued to fall during the past week, with exporters reducing their offers further amid shrinking regional demand and the soft nickel segment.

TITANIUM SNAPSHOT: Ferro-titanium price drops again, triggers scrap slump

Key data from the Wednesday November 7 pricing session in Europe.

GLOBAL FERRO-SILICON WRAP: Chinese market drops amid slows trading; EU follows suit

Chinese ferro-silicon prices dropped in the week ended Friday November 2 due to slow buying interest and a weak yuan versus the dollar, while the European market also succumbed to quiet demand, causing suppliers to cut their offer prices to garner buying interest.

GLOBAL MANGANESE WRAP: Low-grade ore prices rise after November offers dry up; European market weakens

Low-grade manganese ore prices got a boost in the week ended Friday November 2 after buyers were caught between the end of November’s offers and the start of December’s.

GLOBAL CHROME WRAP: Ore, alloy prices drop in China on weakening sentiment

Chrome ore and alloy prices dropped in China last week after tender price cuts for November continued to weigh on sentiment, while the US high-carbon ferro-chrome price halted recent declines on an uptick in inquiries.

EUROPE STAINLESS STEEL: Transaction prices fall further as competition for share continues

European transaction prices for grade-304 cold-rolled (CR) stainless steel sheets decreased further this week with competition between European and Asian material continuing.