Most base metals registered declines in inventories at Shanghai Futures Exchange-registered warehouses during the week to Friday July 30, although lead was up by 6.5% and nickel rose by 1.5%.

Seaborne coking coal prices increased in the cfr market on Friday July 30 with more buying interest and fewer tradable resources, sources told Fastmarkets. The fob market was broadly stable on the last workday of the week.

The Vietnamese steel market remained in a state of shutdown during the week ended Friday July 30 due to a worsening of the Covid-19 pandemic situation in the country, which limited interest in imported scrap, sources told Fastmarkets.

Fastmarkets has modified the name of one of its Japan steel scrap export prices to reflect the product’s usage in the market.

A summary of Australian spodumene concentrate miner Pilbara Minerals’ results for the second quarter of 2021, released on Wednesday July 28.

Turkish deep-sea scrap import prices have fallen due to a United States cargo deal completed at a low price, sources told Fastmarkets on Thursday July 29.

China will cancel more rebates of value-added tax for some steel exports from August 1, its Ministry of Finance said on Thursday July 29.

Base metals prices on the London Metal Exchange were up across the board during morning trading on Thursday July 29 given a range of price-supportive events, with nickel the standout performer with an increase of 1.4% from its closing price on Wednesday.

Fastmarkets proposes to increase the frequency of two battery-grade seaborne Asian lithium prices to daily from weekly.

Civil unrest, Covid-19 and supply curbs – three factors that could keep cobalt prices high through 2021