Base metals prices on the London Metal Exchange (LME) threw up mixed trends, with lead witnessing the highest increase of 2.45%. Meanwhile, stocks at LME-registered warehouses showed mixed movements with zinc gaining 1.54%. COMEX market update Copper prices on the COMEX market remained stable settling at $9,603/tonne (t) compared to the previous close. Indian market […]
At the close of trading, base metals prices on the London Metal Exchange (LME) showed negative trends, with lead recording the sharpest drop of 0.92% w-o-w. Meanwhile, LME warehouse stocks exhibited mixed trends, with nickel increasing by 11.27% w-o-w. On the LME, three-month aluminium futures decreased by 0.46% w-o-w to $2,600/tonne (t), and nickel prices […]
The South Asian ferrous scrap market held steady d-o-d despite Indian buyers remaining inactive due to the Dhanteras holiday. Pakistani buyers took a cautious approach amid a cooling domestic steel market and the arrival of earlier booked scrap at competitive rates. Meanwhile, Bangladeshi buyers stayed on the sidelines, affected by halted construction activities and a […]
Imported ferrous scrap offers to Pakistan softened by $10/tonne (t) this week amid limited demand, with BigMint’s weekly assessment of European shredded pricing it at $390/t CFR Qasim, down from $400/t CFR a week ago. As per market insiders, Pakistani buyers have become more cautious as previously contracted materials are now available at more competitive […]
Japanese H2 scrap export offers climbed w-o-w, driven by recent deals concluded for Taiwan, where mills favoured competitively priced Japanese scrap over US bulk cargos. Additionally, domestic H2 collection prices in Japan rose, adding upward pressure on export offers. Limited deep-sea cargo interest from Vietnam and South Korea further restricted buyer options, lending additional support […]
South Asia’s imported ferrous scrap markets remained under pressure today, reflecting sluggish demand across India, Pakistan, and Bangladesh amid weak domestic steel sales and cautious buyer sentiment. Prices dropped d-o-d across South Asia. In India, a mismatch between buyer and seller expectations, coupled with a slowdown in steel activity ahead of key festivals, kept the […]
Imported bulk scrap prices from Japan fell slightly by around $2/tonne (t) in the Vietnamese market, while US scrap offers have also inched down by $2-3/t. As per market sources, H2 scrap offers to Vietnam were reported at $340-345/t CFR, down $5/t w-o-w, with indicative bids around $330-335/t CFR. While demand remains moderate, further price […]