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China turns to imported copper blister, cathode while scrap loses luster in 2020 [CORRECTED]
China increased refined and unrefined copper imports by over 31% year on year in 2020, whereas scrap inflow shrank significantly, reflecting the import policy change for waste products that came into force at the end of the year.
February 10, 2021
·
By Julian Luk
Insights
China adds South Korea, Singapore to growing pool of scrap suppliers, prices rise
China has further diversified the list of countries supplying heavy scrap (HS) imports, with recent deals from both South Korea and Singapore, market participants told Fastmarkets on Wednesday February 10.
February 10, 2021
·
By Lee Allen
Insights
MORNING VIEW: Copper, nickel prices reach fresh multi-year highs, others upbeat
Base metals prices were putting in a strong performance on the last trading day before the Chinese New Year holiday, with all the metals, with the exception of an already strong tin, seeing gains this morning, Wednesday February 10.
February 10, 2021
·
By William Adams
Insights
Uruguay to complete first shipment of barley to China this month: report
Uruguay is expected to ship its first cargo of barley to China this month after first approving the country as a supplier to the...
February 9, 2021
·
By Juan Pedro Tomas
Insights
MORNING VIEW: Base metals prices looking stronger again as dollar slips; oil, gold also firmer
With the exception of tin, base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were firmer this morning, Tuesday February 9, as were the precious metals and oil, while the US dollar continued with its recent pullback.
February 9, 2021
·
By William Adams
Insights
CIT upholds US Section 232 steel tariffs
The United States Court of International Trade (CIT) upheld Section 232 tariffs on steel imports, ruling against steel consumers who argued that former President Donald Trump imposed the duties incorrectly.
February 9, 2021
·
By Mark Shenk
Insights
Peru’s copper output falls in December; zinc production up again
Peru reported a year-on-year decrease in copper production for the second month in a row in December, while zinc output continued to recover, according to the latest data from the country's Ministry of Energy & Mines (Minem).
February 8, 2021
·
By Renato Rostás
Insights
China hog futures surge to one-month high on mounting ASF fear
Hog futures listed on China’s Dalian Commodity Exchange spiked on Monday to the highest level since its debut a month ago as...
February 8, 2021
·
By Johnny Huang
Insights
MORNING VIEW: Base metals prices mixed, while broader markets buoyant
Base metals prices on the London Metal Exchange were mainly weaker this morning, Monday February 8, while those on the Shanghai Futures Exchange were mostly firmer, but this comes after a strong performance on the LME on Friday, when prices closed up by an average of 1.7%.
February 8, 2021
·
By William Adams
Insights
PRICING NOTICE: Launch of daily China import ferrous scrap price
Fastmarkets is launching a new daily China ferrous scrap import price assessment on Monday February 8 after a month-long consultation.
February 8, 2021
·
By Paul Lim
Insights
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