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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Fastmarkets today launches two daily indices for cfr China ferrous scrap prices, reported on a US-dollar-per-tonne basis.
Fastmarkets proposes to increase the frequency of its China import steel billet price from once to twice each week because of continued price volatility in the market.
Aluminium premiums in Japan dropped by an average of $2.50 per tonne to $175-190 per tonne on Friday August 13, from $180-190 per tonne on August 10, with low buying interest weakening demand in recent weeks.
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.
The price of shredded steel scrap into Pakistan and India diverged on Friday August 13 with Pakistan reporting restocking behaviour while demand in India remained low, sources told Fastmarkets.
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