NEWS: 23.03.11
Today’s Top Headlines
*** Automakers eyeing substitute parts suppliers
*** Steel melting scrap price jumps at Hyderabad and Chennai
***Pig iron prices up at major places
***Turkish steelmaker to stop commercial pig iron production
***Japan crisis: most scrap ports escape damage
***European silicon market slips back amid slow demand
***Indian Ferro-alloy producers await ore prices
***Selenium prices hold firm in Brazilian market
*** Ferromolybdenum prices slide further in US market
***Ferrovanadium market in the US keeps slight upward trend
*** Chinese calciumsilicon prices move downward
***European ferromolybdenum market slow
***Japanese ferrosilicon market slack
*** Chinese ferrosilicon market slow
***Indian molybdenum dealers holding back quotations
***Indian ferrovanadium market in low buying activity
*** Manganese flake price keeps the down-held trend
***Nickel market to hover within a narrow range
*** Magnesium ingot price increase slows down
Published on 21.03.2011 in MMR
Prices as on 12-03-11 & indicated 05-03-11
Old & Re-rollable Material
Old Ship Breaking (H) MG 30,000 /30,100
Ship Breaking (L) MG 29,700 /29,800
Old Ship Breaking(Tukri)MG 29,700 /29,800
Old Angle/Channels (H) MG 28,900/ 29,000
Melting Scrap
Melting Scrap Jalna 28,500/ 28,000
Melting Scrap Chennai 25,000 /23,900
CR Punching (LSLP) Chennai 26,000 /24,400
CR Punching (LSLP) Jalna 29,600 /27,800
ROLLS SCRAP
Chill Shaft Scrap MG 25,000/ 25,000
Chill Solid Scrap MG 25,500/ 25,500
S.G. Scrap MG 30,000/ 30,000
Adamile Scrap MG 30,300/ 30,000
Solid Steel Scrap MG 25,000 /25,000
Melting Scrap
Rolling Mill end (Fresh) 27,000/27,100/27,200/26,900 - 27,050/28,125
Good Godown 25,000/25,100/25,200/25,000 - 25,075/25,975
Godwn Scrap 23,500/23,600/23,700/24,900 - 23,925/24,525
Turning 23,000/24,000/23,500/23,300 - 23,450/22,650
Tin Tapper 23,400/23,500/23,500/23,400 - 23,450/24,700
Sponge Iron 25,000/25,200/25,200/25,200 - 25,150/25,325
Melting Scrap (Mumbai) (old) 25,700/24,800/24,200/24,000 - 24,675/27,000
Melting Scrap (Kolkata) (old) 22,000/22,500/22,700/22,600 - 22,450/22,875
Melting Scrap ( Delhi ) (old) 24,300/24,500/25,000/24,800 - 24,650/25,075
Melting Scrap (CR Punching) (Mumbai) 28,500/27,500/27,200/26,000 - 27,300 -
Pig Iron
Foundry Grade 32,400 32,000/32,000/32,500 - 32,225/33,050
Steel Grade 29,700/29,800/29,600/29,800 - 29,725/28,750
C.I Turning 23,100/23,000/23,200/23,400 - 23,175/23,675
Degi Scrap 28,000/28,100/28,200/28,100 - 28,100/28,700
Deg Casting 37,000/37,200/37,200/37,100 - 37,125/37,300
Ingot Moulds (New) 28,900/29,000/29,100/29,000 - 29,000/29,025
Ingot Moulds (Old) 37,900 37,900 38,000 38,000 - 37,950 37,825
Ferro Alloys & Minor Metals - Mumbai Market
(Basic Price in Kgs) as on 17/03/2011
Ferro Molybdenum ...... 1,240
Ferro Silicon-Ex-plant ( Bhutan ) ...... 80
Molybdenum Oxide ...... 1,150
Ferro Boron ...... 175
Ferro Manganese HC ...... 58
Ferro Manganese MC ...... 90
Pure Manganese ELC 99.9% ...... 172
Ferro Phosphorous ...... 28
Ferro Silicon Zirconium ...... 155
Ferro Titanium 30/35 % ...... 115
Ferro Titanium 70/75 % ...... 300
Ferro Chromium Low Carbon ...... 155
Ferro Chromium High Carbon ...... 77
Ferro Tungsten ...... 1275
Pure Tungsten ...... 1400
Ferro Vanadium ...... 780
Chromium 99.9% ...... 740
Pure Silicon ...... 130
Cobalt Chip ...... 1,850
Magnesium...... 158
Manganese ...... 172
Bismuth ...... 1150
Steel melting scrap price jumps at Hyderabad and Chennai
Melting scrap
80:20
HMS
Chennai / 453
Hyderabad / 500
Kandla / -300
Kanpur / 0
Kolkata / 0
Mandi / 91
Mumbai / 0
Rudrapur / 0
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
Pig iron prices up at major places
Pig iron
Foundry Grade
Agra / 453
Jallandhar / 363
Kolkata / 453
Raipur / 453
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
Steel plate cuttings prices surges at Alang
Product / Grade / Size / ChangePlate cuttings / Rolling / 1" / 300
Ship Scrap / Melting / Mixed / 100
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
Pencil ingot prices post gains in major places
Pencil ingot
Location / ChangeAhmedabad / 0
Alang / 200
Bhiwari / 100
Chennai / 725
Durgapur / 91
Ghaziabad / 200
Hyderabad / 500
Jaipur / 100
Jamshedpur / -200
Ludhiana / 181
Kanpur / 0
Kolkata / 0
Mandi / 100
Mumbai / -200
Muzzafarnagar / 44
Nagpur / 0
Raigarh / 200
Raipur / 200
Rourkela / 250
Rudrapur / 0
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
Rebar TMT QST prices jump at Hyderabad and Chennai
TMT
Fe 415
12mm
Ahmedabad / 100
Bangalore / 0
Chennai / 728
Delhi / 0
Hyderabad / 1721
Indore / 0
Kanpur / 0
Kolkata / 0
Mandi / 0
Mumbai / -229
Raipur / 0
Rudrapur / 0
Muzzafarnagar / 0
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
HR steel price crashes in Indore and Ahmedabad
HRC
Tube
2.5x1250
Ahmedabad / -453
Bangalore / 0
Chennai / 1179
Delhi / 0
Indore / -855
Kolkata / 0
Ludhiana / -363
Mumbai / 0
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
CR steel price update
CR
DSK
0.63
Ahmedabad / 0
Bangalore / 0
Chennai / 453
Delhi / 0
Kanpur / 0
Kolkata / 0
Mumbai / 0
Pune / 0
Rudrapur / 0
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
Sponge iron price update
Sponge iron
Location / ChangeBellary / 0
Kolkata / 0
Raigarh / 200
Raipur / 100
Rourkela / 100
Change is on 21st March as compared to 18th March 2011
Change is in INR per tonne
According to report of Metallurgprom , Ukraine ’s pig iron output increased by 1.3% in February compared to that in January.
Also, the figure indicated that the country’s average daily pig iron output goes up to reach 81,700 tons in first two weeks of March.
Besides, the average daily production of crude steel increased to 100,800 tons in first two weeks of March; that for rolled steel products hiked to 91,300 tons as well.
Iron ore prices expected to soar further after Japan 's quake
Mr. Edison Lobão, the Minster of Brazil’s Ministry of Mines and Energy, said that Japan ’s increasing demand for steel products after the massive earthquake and tsunami would push up the iron ore prices.
In fact, the spot prices of iron ore have dropped sharply after Japan’s quake as the market participant have worried about the fact that Japanese steel mills’ reduction on production would decrease the iron ore imports.
It’s known that after the devastating earthquake hit Japan , the spot prices of Indian iron ore contains 63.5% Fe declined sharply to US$170/ton CFR from US$180/ton CFR.
However, it has increased slightly to reach US$171~US$172/ton CFR this week as China ’s steel market has rebounded in these days.
In addition, Brazil ’s Vale indicated that the company’s iron ore delivery for Japan has remained normal; also, most Japan ’s major steel mills such as Nippon Steel and JFE Steel have resumed the operation.
Chinese World Market Headlines on Foundry Materials
(from Metal China)
· Zirconium silicate offers continue to go up in China
· Bauxite exporters held different attitudes towards near-term marke
· Taiwan buyers inactive purchasing magnesia
· Chinese molybdenum wires market stable
· Molybdenum chemical demand still slow with unchanged prices in China
· Chinese producers no intention to lower offers for molybdenum products
· Japanese ferrosilicon market slack
· Malaysian manganese ore market unchanged
· Indonesian manganese ore prices firm
· Chinese ferrosilicon market slow
· Indian ferrovanadium market in low buying activity
· Indian molybdenum dealers holding back quotations
· Europium oxide price rises
· Grade-two silicon carbide price goes up firmly
· Tender price from TISCO drives ferrochrome market down
· Chrome ore market seeing limited deals
· Chinese molybdenum concentrate market quiet
· Chinese ferromolybdenum price keeps stable
· Trading keeps dull in zinc ingot market
· Indian consumers searching more channels for silicon carbide
· More silicon carbide recyclers equipping sewage disposal facilities in North China
· Lead ingot suppliers waiting for higher prices
· Aluminum hydroxide producers raise offer
· PrNd oxide demand keeps strong
· Wusheng Aluminum to enlarge aluminum hydroxide production
· Rumor about power price increase for corundum smelters spreads in Sanmenxia
· Sodium tungstate price increases
· Tungsten scraps recyclers sell actively
· Cobalt metal market keeps quiet in Japan
· Baoji Titanium increased titanium products prices
· Tungsten carbide powder market sees higher concluded price
· Manganese flake price keeps the down-held trend
· The operating rate of manganese flake smelters low in Hunan
· High-grade lateritic nickel ore market keeps firm
· Vanadium export market slack
· Nickel market to hover within a narrow range
· Turkish chrome ore market sluggish
· Silicon metal 5-5-3 price goes down further
· Chinese refined nickel import down by 21.09% in February month on month
· Cobalt tetroxide market in thin trading with price keeping falling
· Magnesium powder export to Japan delayed
· Magnesium ingot price increase slows down
· Antimony concentrate offer rises
· Antimony trioxide price in a wide range
· Antimony ingot closing price increases
· Lower indium offers continue in US market
· US tantalum market steady but availability still a concern
· Ferromolybdenum prices slide further in US market
· Ferrovanadium market in the US keeps slight upward trend
· Prices hold in Brazilian antimony metal market
· Prices rise in Brazilian lead market
· Selenium prices hold firm in Brazilian market
Chinese Ferro Alloys Market Price Movements ::Dt.22.03.2011
Silicon Manganese / 6517 America Free Market / USD 0.57-0.60/LB / 2011-03-22Silicon Manganese / 6517 ERUOPE Free Market / EUR 1020.00-1050.00/MT / 2011-03-22
Silicon Manganese / 6014 FOB CMP / USD 1320.00-1360.00/MT / 2011-03-22
Silicon Manganese / 6517 FOB CMP / USD 1540.00-1570.00/MT / 2011-03-22
Silicon Calcium / SI55CA30 FOB CMP / USD 2480.00-2530.00/MT / 2011-03-22
Silicon Calcium / SI55CA28 FOB CMP / USD 2430.00-2480.00/MT / 2011-03-22
Ferro Nickel / NI10.0-15.0% China Free Market / RMB 1760.00-1820.00/Ni / 2011-03-22
Ferro Nickel / NI4.0-6.0% China Free Market / RMB 1680.00-1720.00/Ni / 2011-03-22
Ferro Vanadium / V80% China Free Market / RMB 162000.00-164000.00/MT / 2011-03-22
Ferro Vanadium / V80% ERUOPE Free Market / USD 30.50-31.50/KG / 2011-03-22
Ferro Vanadium / V80% FOB CMP / USD 31.00-31.30/KG / 2011-03-22
Ferro Titanium / TI70# Europe Free Market / USD 3.80-3.85/LB / 2011-03-22
Ferro Titanium / TI70# America Free Market / USD 3.85-3.90/KG / 2011-03-22
Ferro Titanium / TI70# FOB CMP / USD 8.50-8.70/KG / 2011-03-22
Ferro Manganese / HC MN75C7.0 FOB CMP US / D 1700.00-1740.00/MT / 2011-03-22
Ferro Manganese / MC MN78C1.5 FOB CMP / USD 2250.00-2280.00/MT / 2011-03-22
Ferro Manganese / LC MN80C0.5 FOB CMP / USD 2450.00-2500.00/MT / 2011-03-22
Ferro Molybdenum / MO65-70% Europe Free Market / USD 40.90-42.20/KG / 2011-03-22
Ferro Molybdenum / MO65-70% America Free Market / USD 19.25-19.75/LB / 2011-03-22
Ferro Molybdenum / MO60% FOB CMP / USD 46.50-47.00/KG / 2011-03-22
Ferro Molybdenum / MO60% China Free Market / RMB 149000.00-153000.00/KG / 2011-03-22
Ferro Silicon / SI75% America Free Market / USD 1.04-1.07/LB / 2011-03-22
Ferro Silicon / SI75% Europe Free Market / EUR 1400.00-1480.00/MT / 2011-03-22
Ferro Silicon / SI75% FOB CMP / USD 1480.00-1520.00/MT / 2011-03-22
Ferro Silicon / SI72% FOB CMP / USD 1460.00-1500.00/MT / 2011-03-22
Ferro Chrome / LC C0.5% CR55% FOB CMP / USD 2.23-2.28/LB / 2011-03-22
Ferro Chrome / LC C0.25% CR55% FOB / CMP USD 2.27-2.33/LB / 2011-03-22
Ferro Chrome / HC C6.0% CR55% FOB CMP / USD 1.40-1.45/LB / 2011-03-22
Ferro Chrome / HC C6.0% CR55% China Free Market / RMB 9300.00-9450.00/MT / 2011-03-22
Ferro Chrome / HC C6.0% CR60% Europe Free Market / USD 1.22-1.34/LB / 2011-03-22
Ferro Boron / FeB 16% FOB CMP / USD 2830.OO-2890.00/MT / 2011-03-22
Ferro Boron / FeB 17-19% FOB CMP / USD 3120.00-3200.00/MT / 2011-03-22
Ukraine’s pig iron daily output continues rising
According to report of Metallurgprom , Ukraine ’s pig iron output increased by 1.3% in February compared to that in January.
Also, the figure indicated that the country’s average daily pig iron output goes up to reach 81,700 tons in first two weeks of March.
Besides, the average daily production of crude steel increased to 100,800 tons in first two weeks of March; that for rolled steel products hiked to 91,300 tons as well.
China coal import drops to 23 month low on higher prices
Bloomberg quoted customs data showed that China net imports of coal dropped to the lowest in 23 months in February after prices increased and demand fell during the Lunar New Year holiday.
According to data released by the Beijing based Administration of Customs, net purchases of the power station fuel slumped 67% to 5 million tonnes last month from January.
Mr David Fang head of the international department at China Coal Transport and Distribution Association said higher global coal prices hampered China imports of the fuel. The weeklong Chinese Lunar New Year break also reduced demand from the world’s largest energy user.
He said that “Coal purchased dropped significantly because of the delayed effect of higher global prices. Domestic coal demand will stay weak in coming months as the weather gets warmer and hydro-power generation increases.”