An overview of the battery raw materials markets and their price moves from the past week.Read More
Comex copper prices declined on Friday May 25 ahead of the holiday weekend, with a surging dollar sinking the entire base metals complex. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 2.30 cents or 0.7% to $3.0730 per lb. The red metal has been unable to set any sustainable price direction this week. "The...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data form the pricing session in the week ending Friday May 25. China China domestic ferro-chrome prices were stable week on week with thin deals in the spot market while market participants waited for the release of June tender prices to provide market direction. Some small ferro-chrome plants in...Read More
Key data form the pricing session in the week ending Friday May 25. China China domestic ferro-chrome prices were stable week on week with thin deals in the spot market while market participants waited for the release of June tender prices to provide market direction. Some small ferro-chrome plants in...Read More
Representatives from Chinese manganese alloy smelters held another meeting on Thursday May 24 to discuss manganese ore prices, according to market sources. It was the third such meeting since early March, when smelters agreed not to pay more than $8 per dry metric tonne unit (dmtu), on a cif basis, for low-grade manganese ore, sparking a protracted decline in prices. During the discussions on Thur...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of China's minor metals markets in the week of May 21-25 and the reasons for any price moves.Read More
Global ferrous scrap prices softened during the week ended Friday May 25, with falling Turkish scrap prices and the country's weaker lira muting trade activity both within the country and internationally.The fall in the value of the lira reduced the number of cargoes booked this week, leading to weaker offer prices. The markets in the United States and India both stagnated as a result of the Turki...Read More
The UK light iron scrap market was stable over the past week, for the seventh week in a row, but downward pressure is expected to come in the near term after a fall in export prices, industry sources told Metal Bulletin on Friday May 25.The market has been steady since mid-April, since which time sterling has fallen in value against the dollar - by about $0.10 to $1.338 on May 25. This has shored...Read More
The UK inter-merchant price for austenitic alloy steel scrap was unchanged over the past week, with nickel costs remaining high, sources told Metal Bulletin on Friday May 25.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?1,000-1,040 ($1,338-1,391) per tonne delivered on Friday."There is more material available at the current higher price," one UK trad...Read More
Comex copper prices declined on Friday May 25 ahead of the holiday weekend, with a surging dollar sinking the entire base metals complex. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 2.30 cents or 0.7% to $3.0730 per lb. The red metal has been unable to set any sustainable price direction this week. "The...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Friday May 25, down between 0.2% and 0.6%, with copper down by 0.6% at $6,872 per tonne. Zinc was the single exception, up by a marginal 0.1%.Volume on the LME has been average, with 6,612 lots traded as of 7.34 am London time. This follows a general day of firmness on Thursday, when all the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Global lithium battery-grade market stabilizes after prices decreased in recent weeks, producers and consumers' price struggle persists due to unmatched price expectations between both sides of the market. Global lithium market unchanged Mismatch of price expectation between two sides of the market persists Lithium producers expect prices and market activity to pick up Downstream consumers wait fo...Read More
The London Metal Exchange's new cash-settled cobalt contract will run alongside the existing physically-delivered contract at first, and it may prove sustainable to run the two in parallel going forward, the bourse's chief executive officer said."There are people who have been supportive of the physical contract. After the summer, we will engage with users to see if they want to continue with the...Read More
Import prices for flat steel products in South America were once again unchanged this week, Metal Bulletin heard on Friday May 25.Some offers involving Chinese materials were heard on the region's Pacific coast, but no deals were concluded because buyers continue to resist their higher prices.China-origin cold-rolled coil (CRC) volumes were offered to the Chilean market at $665-670 per tonne cfr,...Read More
Most flat steel prices in Turkey's domestic, import and export markets have been stable this week, with demand remaining limited, market participants told Metal Bulletin on Friday May 25.Domestic producers are accepting orders for July production. And with the Turkish lira continuing to lose value against other currencies during the week, imports are becoming increasingly expensive.The lira was tr...Read More
China's ferrous futures were subdued during morning trading on Thursday May 24, with only the hot-rolled coil contract ending the session just above negative territory after posting solid gains a day earlier.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,568 ($559) per tonne, down 22 per tonne October hot-rolled coil: 3,797 yuan per tonne, up 1 per tonne Dalian...Read More
Steady demand, tight supply and reduced imports in the United States have kept domestic and import beam prices firm compared with a month ago, market participants said. American Metal Market's assessment of domestic W8- x 8-inch beams was at $42 per hundredweight fob mill on Thursday May 24, in line with mill list prices, while import medium sections were steady at $7...Read More