Base metals prices on the London Metal Exchange were largely trading sideways during the morning session on Tuesday April 13, after decreases across the board on Monday due to warnings out of China about rising commodity prices.

Base metals prices on the London Metal Exchange were down across the board this morning, Tuesday April 13, as were most of the metals prices on the Shanghai Futures Exchange, while broader markets were quiet.

Fastmarkets will launch a weekly price assessment for ferro-tungsten basis 75% W fob China on Wednesday April 14.

A summary of Australia-based spodumene concentrate miner Galaxy Resources’ preliminary results for the first quarter of 2021, released on Monday April 12.

The London Metal Exchange three-month nickel price was down by 2.8% to $16,165 per tonne during morning trading on Monday April 12, with the other base metals also starting the week lower after turning to the downside last Friday following comments out of China regarding rising commodity prices.

Fastmarkets is changing some of the specifications of its daily Southeast Asia steel billet import price assessment from Monday April 12.

Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.

The premium hard coking coal price stayed largely flat in both the cfr and fob markets on Friday April 9 due to weak demand from end-users, market sources told Fastmarkets.

Chinese ferrous scrap buyers are considering higher bids for imported heavy scrap, with steel mills in both east and northeast China looking to purchase more quantities in the coming weeks.

Import prices for ferrous scrap in Vietnam are still increasing due to a strengthening downstream steel market, though the rate of increase has slowed, sources told Fastmarkets on Friday April 9.