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Silicon carbide prices for abrasive and refractory applications remained mostly steady month on month on Tuesday July 28, bucking the downward trend of other industrial minerals since the beginning of the year as a consequence of the economic slowdown triggered by the Covid-19 global pandemic.
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The price for brown fused alumina (BFA) fell for a second consecutive assessment because of soft demand during a slow summer that was also affected by the Covid-19 pandemic, while the price of white fused alumina (WFA) ticked upward slightly and bauxite stayed mostly flat.
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Chalco has made a pricing announcement on alumina, including both metallurgical and non-metallurgical grades, which is expected to improve market sentiment for white fused alumina (WFA) in a complex market characterized by flatlined demand and rising feedstock costs.
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Sluggish demand continued to weigh on white fused alumina (WFA) prices in the two weeks to Thursday July 9, which fell despite increasing feedstock costs.
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Sluggish fundamentals for refractories continue to put pressure on speciality calcined alumina raw materials, with prices showing further bearish movement.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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China exported 23% less brown fused alumina (BFA) and 38% less white fused alumina (WFA) in May year on year with global coronavirus lockdowns continuing to devastate demand.
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Huaxing alumina refinery, in Shanxi province of northern China, has closed one metallurgical alumina production line following an equipment accident, several sources told Fastmarkets on Monday June 29.
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The price of white fused alumina (WFA) fell further in the fortnight to Thursday June 25, on continued weakness in consumer end markets and limited orders from users.
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Crude steel production in Germany fell by 27% year-on-year in May 2020, following a 24% drop in April due to output adjustments made by mills to address the Covid-19-driven deterioration in steel demand, German steel federation WV Stahl said on Wednesday June 24.
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Sales of passenger cars in the EU will fall by 25% year on year in the full 2020 because of the Covid-19 pandemic, the European Automotive Manufacturers Association (ACEA) said on Tuesday June 23.
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Production at Hydro’s Paragomias bauxite mine, in the state of Pará in northern Brazil, has been temporarily halted due to a power outage, the producer said on Monday June 22.
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Henan refractory production recovered in April and May compared with the first quarter of 2020 with more enterprises returning to normal but refractory raw materials’ markets remain under pressure under a broadly sluggish market.
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Bearish market conditions for refractory raw materials amid the Covid-19 pandemic continued to weigh on prices, with all grades of calcined bauxite falling while the fused alumina price fell and is reportedly below cost of production, sources said.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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Honda and Nissan will restart operations at their respective UK facilities today following pandemic related shutdowns, the companies said on Monday June 8.
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China is leading the world in a V-shaped recovery from the aftermath of the Covid-19 pandemic, with other countries slower to recover but showing signs of green shoots, according to the chief financial officer of Alcoa.
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New Day Aluminum Holdings, the parent company of Noranda Bauxite, Noranda Alumina, and Niche Industrial Chemicals, on June 2 announced the appointment of John Habisreitinger as chief operating officer.
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Global demand for steel will decrease by 6.40% year-on-year in 2020 due to the effects of Covid-19 pandemic lockdown measures, the World Steel Association (Worldsteel) said on Thursday June 4.
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Spain’s steel production declined in April due to Covid-19-related restrictions, with output sinking below the figures reached over the “worst months of the financial crisis in 2008,” Unesid, the country’s steel association, said.
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China’s export shipments of refractory-grade bauxite unexpectedly rose in April by 34% despite the global consequences of the Covid-19 pandemic. Meanwhile, exports of brown fused alumina (BFA) increased by 5% but those of white fused alumina (WFA) fell by 5%, with market weakness still evident, according to sources.
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ArcelorMittal plans to restart production at its mill in Bosnia, while Italy’s AFV Beltrame puts one plant on pause and Acciai Terni Speciali cuts output in the week ended Friday May 29.
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The price of white fused alumina (WFA) fell still further on the low end of the range, amid the dollar’s depreciation against the euro over the fortnight ended Thursday May 28. Prices for refractory-grade bauxite and brown fused alumina (BFA) stayed flat while demand remained sluggish.
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Japanese carmaker Nissan intends to close three plants at its Nissan Barcelona operations in Spain from December 2020, the company said on Thursday May 28. The units affected will be at Zona Franca, Montcada and Sant Andreu.
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Crude steel production in Germany fell by 23.85% year-on-year in April due to production cuts made to reflect the drop in demand caused by the Covid-19 pandemic, the German steel federation said this week.
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China’s ports have resumed normal operations but overseas demand for exported materials remains reduced by the Covid-19 pandemic, resulting in lower container throughput. Most producers of refractory raw materials, however, continued to get limited orders from global buyers.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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Sales of passenger cars in Europe dropped by 76.32% year on year in April 2020, making it the fourth consecutive month of declines.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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Fused alumina prices have fallen further during the two weeks to Thursday May 14 because of continued bearish pressure resulting from weak demand from refractories consumers, while bauxite prices remained flat on a largely muted export market and scarcity of supply in China.
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Car manufacturer Ford has announced that it intends to restart initial production at two plants in the UK and one in Valencia, Spain, from May 18, which will complete the restart of all its European units, it said on Wednesday May 13.
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Brown fused alumina (BFA) and white fused alumina (WFA) prices are increasingly moving separately in their pricing patterns, with the latter having deepened its price discount to BFA against a historic premium.
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China's refractories output fell to 4.10 million tonnes in the first quarter of 2020, mainly due to a slowdown in production caused by the response to the Covid-19 outbreak.
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China produced 6.08 million tonnes of crude stainless steel in the first quarter of 2020, down by 9.04% from a year earlier, according to data released by the China Stainless Steel Council (CSSC) on Thursday May 7.
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If ever there was a masterclass in the need to disaster-proof a supply chain, then the Covid-19 pandemic has provided a harsh reminder to the automotive sector that it’s failing.
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Key data from refractory producer RHI Magnesita's trading activity for the first quarter and an operational outlook for the second quarter of 2020, as released on Tuesday May 5.
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Refractory and industrial minerals producer Imerys has reported a drop in revenue for the first quarter of 2020, with the Covid-19 pandemic hitting its international markets, on top of pre-existing weakness in the steel and automotive sectors.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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The latest forecasts from Fastmarkets' team of analysts is ready to view.
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Fused alumina prices have dropped significantly in the past fortnight, with brown fused alumina (BFA) falling to a two-year low and following the path of white fused alumina (WFA), which has lost value for a second consecutive assessment.
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United States-based car manufacturer Ford will restart production at various sites in Europe in a phased approach from May 4, the company said on Tuesday April 28.
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The decline in shipments of refractory-grade bauxite and fused alumina out of China eased off toward the end of the first quarter of 2020, compared with the plunge of more than 30% year-on-year seen in January and February.
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A summary of aluminium producer Hydro’s results for the first quarter of 2020.
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The China Iron & Steel Association (Cisa) is revising its forecast for Chinese steel consumption in 2020 to take into account the effects of the Covid-19 pandemic, the association said earlier this week.
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Global crude steel production declined by 6% year on year in March as the Covid-19 pandemic hammered demand, World Steel Association (Worldsteel) data show.
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China’s crude steel output edged up in the first quarter while finished steel production fell slightly, according to data released by National Bureau of Statistics (NBS) on Friday April 17.
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Volvo Cars announced on Friday April 17 that it will restart production at its plant in Torslanda, Sweden, on April 20 after several weeks of suspended activity under lockdown measures brought in to help stem the spread of the Covid-19 pandemic.
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The price for white fused alumina (WFA) in China has fallen over the past two weeks to reach a two-year low in the assessment on Thursday April 16.
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The Covid-19 pandemic has inevitably drawn comparison with the global financial crisis of 2008-09. But while there are similarities, the differences are greater, meaning the remedy needs to be different too.
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