Many Chinese alumina buyers are currently steering clear of purchasing seaborne alumina due to persistent congestion at several Chinese ports, sources told Fastmarkets on Thursday August 19.

Fastmarkets today launches two daily indices for cfr China ferrous scrap prices, reported on a US-dollar-per-tonne basis.

Global commodity prices are expected to stay high in the short term and China will continue to take measures to ensure supplies and stabilize prices, China’s National Bureau of Statistics said on Monday August 16.

Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.

Members of the China Iron & Steel Association (Cisa) cut their crude steel, finished steel and hot metal production rates in the first 10 days of August compared with the preceding 11 days, according to data published by the association on Friday August 13.

Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.

In Latin America, higher public spending in 2020 due to Covid-19 and higher global commodity prices in 2021 are driving up prices while unemployment levels remain high and purchasing power stagnates.

China has reduced its forecasts for soybean imports and domestic crush demand in 2020/21, as poor crush margins constrained...

Ukraine has already sold forward around 20% of its corn export potential in a flurry of sales that, along with concerns over the...

Box demand and low supply drive all RCP prices higher for third month in a row.