Kelly Eckhold的动态

FeV market unchanged ON JULY 17, 2024 BY ALICE AGOOS FeV prices are holding at $12.50-12.80 per lb in the US and slightly under $27 per kg in Europe. A US mill reportedly awarded an annal contract, starting on Oct. 1, 2024 for a total of 135,000 lb (three truckloads) of FeV at a fixed price, believed to be $12.50 per lb. Most sources thought the contract price was low, but they pointed out that the quantity was small enough that even if FeV prices start to rise In the coming year, the loss will not be great. Right now the gap between US and European prices is not large enough to justifying brining material from Europe to the US.

As shown in the picture, the aluminum ingot price continues to rise, you are suggested to place orders in time to LOCK the price, so as to save the purchasing cost as much as possible

The influence of US steelmakers' published hot rolled coil prices will be among the topics explored when MEPS hosts a steel market seminar in the United States next month. Find out more in our latest online article. #steel #steelprices #steelindustry https://lnkd.in/gF2aHvGT

Mo and V flatline ON FEBRUARY 7, 2024 BY ALICE AGOOS Spoiler alert: I’m filing this brief only to prove that I am alive and well. Other than that, moly and vanadium markets remain as they were last week—remarkably inactive. Moly sellers believe prices are firming even though they have little evidence of this. European FeMo prices are around $47 per kg as opposed to slightly below $47 last week. Bids are at $46 and offers are at $49, creating a stalemate. US FeMo prices are around $23 per lb. Moly oxide prices range from $19.20-19.80 per lb, depending on location, with the high end representing the US, but again, minimal activity. Several US mills should need to enter the spot FeV market, suppliers said. Still, sellers haven’t received any inquiries to date. For this reason, reports of spot sales on either side of $12.50 per lb are baffling. The European FeV market is equally quiet with prices holding at $28- 29 per kg.

According to the FCH Sourcing Network, the Fastener Distributor Index (FDI) closed August at 53.8, better than July's reading of 47.5. However, the Forward Looking Indicator?(FLI) dipped lower to?47.4, signaling growing concern over longer term market conditions. #industryforecast #fasteners #fasteningtechnology #manufacturing

Take a look at our weekly S&P summary below, as quoted in Tradewinds: Overall, bulker activity remains steady but for the smaller sizes some lower than last-done sales are emerging, although time will tell whether this is a turning point in the market or just a summer lull. Capesize S&P is at its slowest pace so far this year – but with more than 5 sales in each of June and July, this is a very liquid ‘low point’ by historic standards, highlighting what a stand-out year 2024 has been. With a single crude carrier sale this week (and steady price ideas), product tankers remain the lifeblood of wet S&P, as an enbloc purchase by clients of Torm looks set to make July the busiest month second-hand MR sales so far this year. ‘Eco’ vessels are in demand across both the dry bulk and tanker sectors, and values continue to firm for such assets. This is particularly the case for MRs, for which values continue to appreciate; 10 year-old asset values have increased 8% over the past 6 months. https://lnkd.in/de93rWa6

With the advancement of the downstream resumption of work after the holiday, the downstream seems to prefer to directly purchase aluminum billet with low absolute prices for replenishment, and the inventory and delivery performance of aluminum billet at the end of February is significantly better than that of aluminum ingots. However, in March, after the inflection point of aluminum billet inventory, despite the strong aluminum price, the processing fee of aluminum billet in various places still rose to varying degrees, which will suppress the downstream willingness to replenish the warehouse? SMM believes that the rapid rise in the absolute price of aluminum has a direct impact on the demand for aluminum billet, but after entering the first traditional peak season of the year, driven by the rigid demand of downstream production, the outbound performance of aluminum billet is expected to continue to be strong. SMM will pay close attention to the recovery of downstream consumption and the sustainability of aluminum billet destocking. #aluminum #aluminumbillet #inventory

Calls are growing for further European production cuts amid a seriously subdued coil market, but some participants anticipate a wave of restocking to come soon, which could lift prices, especially if output has been reduced. Sources indicate prices have reached "the pain threshold" for mills. They are coy about confirming what the price floor may be, but some HRC transactions have been reported at €650/tonne in northern Europe, which could indicate the bottom. Earlier this week, the market indicated values still had room to fall, with no end in sight yet. Not long ago, €700/t was considered the absolute lower limit for HRC. In Italy, sources indicated the price drop was nearing an end. Multiple large buyers and a trader said their latest low bids have been refused by Asian suppliers, while destocking has run its course. My colleagues Christian Koehl and Natalia Capra report.

See what our expert had to say about the current state of the steel market: ?- Jason Miller, Sr. Director - Purchasing/Cost Planning Activity has dropped over the last week, with buyers confused and holding off on spot purchases, expecting prices to come off.?Nucor moved its CSP price up $5 ton this week to $835 but still kept prices well below the previously announced Cleveland-Cliffs price for the hot roll at $900 ton.?The range for hot roll prices is advertised as $820-$880, but the $820 is outside the Midwest, and the $880 is more from an integrated mill.?Shipments are still reported as strong, primarily led by contract buying and previously placed spot orders.?Early scrap expectations for May are that the prime market moves sideways. #steelindustry?#steelnews?#steelmanufacturing?#steelproduction?#automotive?#businessintelligence

Today (August 21, 2024), the prices of cold-rolled coils in the #China #Zhengzhou market rise by 20 yuan/t. Currently, the cold-rolled coil 1.0*1250*C SPCC from Hansteel is 3,620 yuan/t, Lianyuan Steel is 3,640 yuan/t, and Angang is 3,620 yuan/t. Recently, local merchants have quoted the price of #CRC chaotically according to the different resource #inventory structures in their hands, and the mainstream #marketprice has increased. #Downstream users mainly purchase on demand, and after the price increase, the market #transaction atmosphere is acceptable, with the actual transaction price of CRC 1.0*1250*C SPCC from Hansteel ranging from 3,600 to 3,620 yuan/t, where the lower prices are relatively easy to trade. It is understood that most merchants are now cautious about the later #steelmarket and mainly focus on selling goods for cash. Below is SteelHome's price chart for Zhengzhou market for your reference. If you're interested in #SteelHome's price index, please contact me directly. #ChinaSteel #SteelIndustry #China #Steel #dailyprice