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United States: Machine Wire and Plate Remain Stable, But Market Hopes for a Recovery in 2026
The US steel market continues to be calm. Prices for industrial-quality (IQ) machine wire and cut-to-length plate remained unchanged for the third consecutive month in October, amid moderate demand, limited trade, and little pressure from imports. Despite weak demand,...
China: Nickel Pig Iron Prices Decline Amid Weak Demand and Oversupply
Nickel pig iron (NPI) prices in China continued to decline in the week ending October 17, driven by slumping demand in the stainless steel sector, oversupply, and increasing price competitiveness in scrap metal, according to multiple market sources told Commodity...
China Spot Tellurium Prices Rise Sharply: Rising Offers and Limited Inventories
Spot tellurium prices in China saw a significant jump in the week ending October 16, supported by several high-priced auctions and widespread bullish sentiment among producers and traders, market sources told Commodity Evolution. Between October 13 and 16, major...
Shanghai: Base Metal Prices Broadly Steady, But Copper Leads Downward
Base metals listed on the Shanghai Futures Exchange (SHFE) showed marginal and directionless changes during the morning session on Wednesday, October 22, with copper declining slightly and leading the losses, according to Commodity Evolution. As of 10:30 a.m....