Offers of Minor Metals in Europe (2017-10-26）

[SMM Magnesium Express]Recently, due to a combination of factors including rising fuel costs driven by geopolitical conflicts and reduced turnover efficiency caused by congestion in major European ports, shipping companies have tightened capacity and raised freight rates, leading to a significant surge in international shipping costs. According to SMM research, since late June, the freight cost for magnesium ingots shipped from Tianjin Port to Rotterdam, Netherlands, has reached approximately $130 per ton, up $20 from the beginning of the month, while the average freight cost for the India route has reached $110 per ton, up $10. SMM will continue to closely monitor freight trends and make timely adjustments.

[Molybdenum Express] SMM, June 18 – Tiangong International issued a June price adjustment letter for high-speed steel: Affected by the continuous rise in prices of alloy raw materials such as ferrotungsten and ferromolybdenum, as well as steel scrap, the enterprise issued a price adjustment notice: Effective from 00:00 on June 17, 2026, prices for all newly signed spot and contract orders would be uniformly raised. For all specifications, the base price of high-speed steel grades containing 1% molybdenum (Mo) would be raised by 500 yuan per mt. This price adjustment aims to stabilize raw material supply.