January 2021

COPPER CONCS SNAPSHOT: China smelters continue to snap up March cargoes

The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago.

Alumina prices in China rise again on transport issues; imports resume

Tight availability caused by transportation problems, and stockpiling ahead of the Lunar New Year holiday, pushed up the domestic price for alumina in China in the week to Thursday January 21.

Landmark import scrap cargo held up by delays at Chinese port

The first delivery of imported scrap to arrive in China since last month’s relaxation of import restrictions has been held up by delays at the port, market sources told Fastmarkets on Friday January 22.

COKING COAL DAILY: Seaborne cfr prices edge up, but fob market flat on concerns over impact of Australia cyclone season

Seaborne premium hard coking coal price in the cfr market edged up on Friday January 22, on higher offers for Canada-origin coal, but fob prices remained relatively flat, with no transactions heard during the day.

IRON ORE DAILY: China’s virus control measures curb price sentiment

Iron ore prices fell on Friday January 22 due to a negative near-term outlook following the introduction of stronger measures to control the resurgence of Covid-19 cases in China.

TAIWAN STEEL SCRAP: Buyers stay away on sharply correcting prices

Taiwanese scrap buyers have stayed away from the import markets on sharply correcting prices during the week to Friday January 22, markets sources told Fastmarkets.

VIETNAM STEEL SCRAP: Price flash crash dims buying interest

There remained a dearth of interest for imported ferrous scrap in key buyer market Vietnam due to the sharp price downtrend in the week to Friday January 22, market sources told Fastmarkets.

Vale eases Asia pellet drought with Vargem Grande restart

Vale resumed operations at its pelletizing plant in Vargem Grande, Nova Lima, Brazil, on Wednesday January 20, it said on Thursday January 21.

Chilean copper shipments delayed due to high swells

Buyers of Chilean copper products have been informed of delayed deliveries after swell warnings were issued for various coasts in Chile, Fastmarkets understands.

Tight supply pushes Chinese coke prices up for 14th consecutive time

Domestic coke prices in China have increased for the 14th consecutive time since August 20, 2020, increasing by 100 yuan ($15) per tonne on Wednesday January 20, after Hesteel Group released its purchase prices to coke suppliers.