IN CASE YOU MISSED IT: 5 key stories from June 21

Here are five Fastmarkets MB stories you might have missed on Friday June 21 that are worth another look.

Ferrous hedging was a common topic at the Steel Success Strategies XXXIV conference in New York this past week, with record-low market prices and the need to increase efficiencies continuing to mandate a new way of thinking.

Tin’s forward spreads on the London Metal Exchange have narrowed from their widest backwardation since 2015 against a 50% stock rise in June.

Manganese ore availability in Chinese ports is tighter than high stocks suggest because market participants are avoiding selling into falling markets, which is leading to “frozen stocks,” market sources report.

China’s domestic lithium hydroxide market weakened slightly this past week while downstream buyers slowed their purchasing ahead of July, when spot consumption typically decreases in China, and prices in the rest of the world traded sideways.

The nickel full plate premium surged in China this past week following an arbitrage-driven rally that saw Fastmarkets’ premium assessment for the material in Shanghai hit historic highs.

What to read next
Fastmarkets will discontinue its consumer buying price assessments for machine shop turnings in the Cleveland and Pittsburgh markets effective Tuesday June 6.
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
Fastmarkets is inviting feedback on a proposal change the publishing time for our silico-manganese, ferro-manganese and manganese ore port prices in China, to 5-6pm Shanghai time from 2-3pm London time.
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