This is the rebar and wire rod price summary for Nov 30, 2009 as reported by www.yieh.com Feng Hsin to keep rebar, scrap purchasing price unchanged Taiwan’s Feng Hsin has announced to keep its rebar and scrap purchasing price unchanged this week. The company hiked its rebar and scrap purchasing price by NT$200/ton in last […] ↓ Read the rest of this entry…
China’s stainless steel 304 price predicted to keep stable in December as reported by www.yieh.com . The stainless steel 304 price in China market has increased to more than RMB 20,000/ ton from RMB 18500/ton earlier a week. It’s said the price increased mainly resulted from production cut in December. The major stainless steel producer, […] ↓ Read the rest of this entry…
Base metals end week on firm footing Base metals finished the week on a positive note despite strength in the dollar as per www.commodityonline.com Upbeat investor sentiment for the base metals pack helped the metals gain in the last week. Prices had mainly gained traction from waves of investment and fund interest this week. This […] ↓ Read the rest of this entry…
as reported by WorldScrap- LME copper was closed at $6,817 yesterday, down $208 as the warehouse stocks added 475 tons to 432,075 tons. SHFE copper contract 1002 slumped 1,550RMB/T and ended at 53,500RMB/T. As for the spot market, #1 copper cathode was quoted at 53,500-53,600RMB/T in Changjiang, down 900RMB/T while 53,550-53,800RMB/T in Shanghai, down 800RMB/T. […] ↓ Read the rest of this entry…
As reported by in an Article by Commodity Online, metal prices are poised to move higher. Here are exerpts from the article: Resource Opportunities editor and publisher Lawrence Roulston (LR) is leaning toward base metals for more impressive gains in the coming months. I’m not counting on higher metal prices in the near term. In […] ↓ Read the rest of this entry…
The Taiwan’s import price of H1 and H2 scrap was about US$295~300/ton currently as reported by www.yieh.com . However, because Taiwan’s order quantities are so small that buyers cannot but accept offering price of Japanese supplier. Meanwhile, it’s said that earlier a Taiwan buyer purchased H2 scrap from Japan at US$315/ton c&f.
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