Good morning from Metal Bulletin's offices in Asia, bringing the latest news and pricing stories on Monday May 28.
Zinc prices rose on the SHFE today, driven by falling inventories.SHFE snapshot at 11:14 am Shanghai time | ||
Most-traded SHFE contracts | ||
| Price (yuan per tonne) | Change since previous session's close (yuan) |
Copper (June) | 51,480 | -10 |
Aluminium (June) | 14,825 | 0 |
Zinc (June) | 23,885 | 195 |
Lead (June) | 19,865 | -130 |
Tin (Sept) | 149,830 | 3,290 |
Nickel (July) | 110,310 | 430 |
Changjiang spot snapshot on May 28 2018 | ||
| Range (yuan per tonne) | Change (yuan) |
Copper | 51,210-51,250 | -150 |
Aluminium | 14,650-14,690 | -10 |
Zinc | 24,150-25,150 | 250 |
Lead | 20,250-20,450 | -150 |
Tin | 145,500-148,000 | 1,250 |
Nickel | 110,000-110,100 | -1,300 |
Aluminium scrap markets are holding a steady course in the United States, although a few grades are showing signs of softness due to increased availability of material.
UG2 chrome ore, charge chrome into China indices make strong gains.
An overview of the minor metals markets and the reasons for any price moves.
Most global billet prices edged down last week, amid lower scrap prices and weaker market activity due to the month-long Ramadan religious observation in Islamic countries.