IN CASE YOU MISSED IT: 5 key stories from October 18

Here are five Fastmarkets MB stories you might have missed on Friday October 18 that are worth another look.

Global scrap prices in all the major markets recovered during the working week ended October 18, boosted by lower material availability and rising Turkish import prices.

An increase in copper concentrate treatment and refining charges (TC/RCs) so far this month reflects a drop in the number of spot deals ahead of annual contract negotiations that are set to start during the annual London Metal Exchange Week gathering.

Import prices for hot-rolled coil and cold-rolled coil (HRC, CRC) into South America have fallen in the week ended October 18, with producers from many regions competing for clients.

China’s domestic spot battery-grade lithium compound prices softened this past week, attributed to widespread negative short-term sentiment due to slow downstream buying.

Market participants in both China and Europe have been taking a wait-and-see approach to procurement in the run-up to the auctions of four cargoes of minor metals formerly held by the Fanya Metal Exchange.

What to read next
A coalition of the world’s leading aluminium market participants is set to make the supply chain more sustainable, the International Aluminium Institute (IAI) said on Monday, March 27
The publication of Fastmarkets’ Shanghai ferro-nickel price assessment for Monday March 27 was delayed due to a reporter error during the data collection process.
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
Fastmarkets proposes to discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.
Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.
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