Base metals prices on the London Metal Exchange were generally trending higher this morning, Monday August 2, with copper the metal that seems to be struggling the most. Base metals trading on the Shanghai Futures Exchange gave a mixed performance, however.

5 key drivers to watch

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.

Following consultation with subscribers and as previously announced, Fastmarkets RISI has amended the price assessment for China Grayback Coated Duplex Board (Commodity) in PPI Asia, with effect from July 30, 2021. The amendment has included the grayback coated duplex board prices recently launched by sister company UM Paper in the calculation of Grayback Coated Duplex […]

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.