Metals continue to languish in high ground during morning trading on Monday June 14, with tin being the exception as it continues to push higher on strong fundamentals due to supply disruptions.

Many aluminium and steel market participants are increasingly optimistic that automotive production will bounce back in the second half of the year and hopeful that the semiconductor chip shortage will be resolved by 2022.

Prices of shredded steel scrap imported into India and Pakistan have risen following fresh purchases on the market, sources told Fastmarkets on Friday June 11.

Prices for steel scrap imported into China rebounded after bullish sentiment dominated Chinese steel markets on Friday June 11, sources told Fastmarkets.

Fastmarkets is extending the delivery window for its price assessments of aluminium 6063 extrusion billet premiums in Europe to three months.

Buyers of bulk cargoes of scrap imports in the key Southeast Asian market of Vietnam were largely on the sidelines during the week to Friday June 11, due to falling domestic scrap and steel prices in the country, sources told Fastmarkets.

Seaborne coking coal prices were largely stable in cfr market on Friday June 11 amid low trading activity in North American coking coal cargoes. The fob market rose because of continuous buying interest for July-laycan cargoes from Australia, market sources said.

Turkish steel mills continued their deep-sea scrap purchases for July shipment at slightly higher prices on Wednesday June 9, having only just resumed buying activity on Tuesday after a near-two-week break, market participants told Fastmarkets.

China’s government said it will take a series of measures to stabilise hog production and pork prices...

LME base metals have looked tired, having lost their upward momentum in the past few days, but underlying support looks plentiful, with all the base metals on the SHFE being in positive territory this morning, Wednesday June 9.