China ferrous scrap prices plunge on destocking

China's domestic prices for steel scrap decreased over the past week on bearish sentiment and destocking by sellers, market participants said.

Fastmarkets' weekly assessment of steel scrap heavy scrap domestic, delivered mill China, was 2,530-2,660 yuan ($357-375) per tonne for the week ended March 27, down from 2,630-2,740 yuan per tonne a week earlier.
Steel prices dropped over the past week leading to a pessimistic outlook for ferrous scrap markets, sources said.

Fastmarkets' assessment for steel reinforcing bar...

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains

Large TSXV gold multiple driven up by high Artemis weighting

Monetary-driven precious metals outperform major base metals