Base metals prices on the London Metal Exchange largely edged up on the morning of Wednesday September 15 after a day of weakness, but those on the Shanghai Futures Exchange were weaker because they followed movements in London on Tuesday and reacted to weaker Chinese economic data.

Following a promise from the White House to fund, develop and incentivize aviation biofuel, US airlines are pledging to use 3 billion gallons by 2030.

As part of an ongoing effort to improve the customer experience in our online portal and mobile app, Fastmarkets/Random Lengths is proposing to discontinue duplicate price series for kiln-dried European Spruce 1-inch boards with effect from November 1. The following price series would be removed. Price ID TAG    Description 13156 EAHM  Kiln-dried spruce 2 1×4 […]

The mood in the European hot-rolled coil market was downbeat in the week ended Friday September 10 due to the lower demand from the automotive sector and competitive import offers.

Fourth quarter negotiations for aluminium into Main Japanese Ports (MJP) between producers and market participants have been extended for another week, with negotiations now expected to conclude on Friday September 17.

Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.

Prices for shredded steel scrap imports into Pakistan inched upward in the week to Friday September 10, supported by healthy demand, sources told Fastmarkets.

Interest for ferrous scrap imports in Vietnam has increased during the week to Friday September 10 due to rebounding billet prices in China, sources told Fastmarkets.

Base metals prices were higher on both the LME and the SHFE this morning, Friday September 10, with the broader markets also up. Additionally, metals that were previously looking vulnerable now look less vulnerable, suggesting traders are still comfortable being exposed to the metals.

Traditional relationships between prime steel scrap and lower-grade material in key Asian markets have shattered over recent months, market sources told Fastmarkets in early September 2021.