December 2018

GLOBAL VANADIUM WRAP: China export prices cut to spark buying interest; EU profit-taking goes on

Chinese exporters of ferro-vanadium and vanadium pentoxide (V2O5) have significantly cut offer prices to stir up some buying interest overseas, while European traders continued to take profits, applying further pressure on ferro-vanadium prices.

Hebei Steel slashes silico-manganese purchase price for December

China’s largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, reversing the rise seen in last month’s tender.

GLOBAL CHROME WRAP: UG2 chrome ore prices slide in China on lower supplier offers

UG2 chrome ore suppliers are cutting offer prices to attract year-end business in China.

GLOBAL FERRO-SILICON WRAP: China extends price gains; European market holds, awaits longer-term settlements

The Chinese ferro-silicon market climbed further on renewed demand in the week ended Friday December 7, while European prices have been hemmed in while suppliers and consumers negotiate long-term delivery settlements.

GLOBAL CHROME SNAPSHOT: Domestic ferro-chrome, UG2 in China fall on lower offers to secure trades

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 7.

EUROPE STAINLESS STEEL: Prices stable but competition among sellers still high

Stainless steel prices in Europe are unchanged this week but continuing competition among sellers means further losses are expected to be seen by January.

European ferro-molybdenum price rises more than 2%, tracks oxide uptick

The European ferro-molybdenum market has climbed almost 2.5% in trading by the midweek pricing session on Wednesday December 5, tracking a previous increase in the oxide market, with alloy prices now back to a level last seen on September 14.

China AM: Ferrous futures mostly down

China’s ferrous futures mostly weakened during morning trading on Thursday December 6, with the exception of the coking coal contract, which inched up.

Chinese stainless steel prices edge up amid pause to trade war with US

China’s domestic stainless steel market picked up some strength over the past week after a 90-day truce was called to the trade war between the country and the United States.

East Asian stainless steel prices end decline on nickel uptick, China’s domestic gains from trade war truce

Import prices for stainless steel in East Asia inched up over the past week following a months-long slump, with support coming from a rebound in the nickel market and an increase in local Chinese prices which came after the United States gave a 90-day reprieve on potential new tariffs against China.