Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday’s LME performance.

Vietnamese buyers have been seeking bulk deep-sea ferrous scrap to make up for a lack of supply from Japan, market sources told Fastmarkets.

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday March 26, suggesting overall sentiment remains bullish while participants see dips as a buying opportunity.

Turkish scrap import prices have gone down, as expected, with news of a UK cargo being sold at the end of last week coming to light on Thursday March 25.

The magnitude and volatility of price differences between iron ore product types and grades is growing, causing legacy practices in contract structuring to break down

Turkish steel mills remained absent from the deep-sea scrap import market on Wednesday March 24, due to the slump in the value of the lira and weak steel demand, market participants told Fastmarkets.

Total crude steel output across 64 major producer countries was 150.2 million tonnes in February 2021, down by 8% month on month but up by 4% from February 2020, the World Steel Association (Worldsteel) said on March 23.

Base metals prices on the London Metal Exchange were mixed this morning, Wednesday March 24, while those on the Shanghai Futures Exchange were for the most part weaker, following Tuesday’s weakness on the LME.

Argentina’s oilseed workers union SOEA has confirmed that it has withdrawn the threat of further strike action at key Rosario...

The three-month nickel price on the London Metal Exchange was up by 1% during morning trading on Tuesday March 23, while aluminium fell to $2,227.50 per tonne, with a combination of macroeconomic factors and fundamentals issues resulting in mixed price movements.