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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....
Turkey: Scrap Purchases Slow for Steel, Prices Decline Slightly
Turkish steelmakers continued to purchase deep-sea ferrous scrap at a moderate pace early in the week of October 20, held back by weak sales of finished products, market sources told Commodity Evolution. An Izmir steelmaker closed a deal for a cargo from the Baltic...