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Global economy including China signals to drag on entering third quarter as the non-ferrous metal prices persist for hike on the shortage fear triggered by falling stocks accompanied by frustration in supply in the major supplying countries. Especially, shortage worries are adding on refined copper
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The October refined copper prices fell steeply cushioning the risen raw material prices on the largely softer foreign exchange rate against the US dollar. The LME refined copper trading was $14,483.39 in September on refined copper on average a ton rising $129.99 or 0.91 percent higher than a month
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Even the ongoing seasonality boost caps the steel demand in China, leading to the steel prices to remain edging lower nearly on the entire steel products but rebar. According to China’s Steelhome, fifth week of September ended at 3,380 yuan a ton for HR, 3,480 yuan on plate, 3,780 yuan on CR, 4,120
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Hyundai Steel signaled to cut its scrap metal bidding terms further over next month, 10,000 won a ton due October 13 at the company’s steel mills based in Incheon, Dangjin and Pohang on all the scrap grades. This accounts for addition buying price cut in 2 weeks, past September 28 when 10,000 won a
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China’s major steel mills held back their cokes buying offers lately. According to Mysteel of China, the major provinces like Hebei and Shandong Provinces sticked together to lower their cokes buying price by 100 yuan for wet quenching cokes and 110 yuan for dry quenching ones, a ton each holding go
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The LME aluminum trading on October 1 ended at $3,120 for spot and $3,131 for the 3 months each a ton, while refined copper price was traded at $14,335 and $14,290 and others like zinc(at $3,834 and $3,766), lead($1,837 and $1,869), nickel ($15,570 and $15,760) and tin($54,400 and $54,500) showed a
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The LME trading of September 30 ended at $14,487 on the refined copper spot and $14,455 on the 3 months, while wrapping up with $3,204 and $3,210 for aluminum, $3954 and $3,842 on zinc, $1,856 and $1,890 on lead, $15,860 and $16,060 on nickel, and $54,075 and $54,350 for tin a ton respectively. The
