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Spot prices of primary and second lead across China increased over July 19-23, according to Mymetal, Mysteel’s nonferrous metals market intelligence arm, mainly in response to changes in futures prices, market watchers said.
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China’s national price of 99.7% primary aluminum ingot under Mymetal’s assessment continued to hover high over July 15-21, first climbing to Yuan 19,380/tonne ($2,996/t) on July 16 before easing to Yuan 19,086/t by July 21 to close the week Yuan 15/t down.
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Copper prices in China’s physical market eased over July 14-21, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm.
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China’s national price of 99.7% primary aluminum ingot under Mymetal’s assessment continued to hover high over July 1-7, reaching Yuan 18,841 /tonne ($2,910/t) as of July 7, or up Yuan 91/t on week, as market sentiment had been relatively bullish, market sources shared on Thursday.
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China’s national average price of primary lead ingot (at least 99.994%) assessed by Mymetal fluctuated over June 28-July 2, climbing to a four-month high of Yuan 15,568/tonne ($2,405.3/t) including the 13% VAT on June 30 before retreating later in the week, mainly due to the wavering prices of lead futures on the Shanghai Futures Exchange (SHFE).
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Copper prices in China’s physical market decreased over June 25-July 2, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm. The retreat in copper prices gave a boost to sales, the survey showed.
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China’s national price of zinc ingot (grading at least 99.995%) under Mysteel’s assessment strengthened for the second week or up another Yuan 243/tonne ($37.6/t) on week to Yuan 22,478/t including the 13% VAT as of July 5, as the base metal appeared still in supply tightness despite Beijing’s releasing some state reserves to the market, market sources noted.
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China’s national price of 99.7% primary aluminum ingot was rangebound over June 24-30 though at relatively high levels, but signs of further softening have emerged on the possibility of increased supply, market sources shared Thursday. Mymetal assessed the price at Yuan 18,750/tonne ($2,904/t) as of June 30, or down Yuan 31/t on week.
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Copper prices in China’s physical market recovered after three weeks of declines during the June 22-29 period, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm. The continuous declines in stocks were supporting copper prices, market sources said.
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China’s inventories of zinc ingots continued to move down for the seventh week in a row last week, declining by 7,200 tonnes on week to reach 115,000 tonnes as of June 28, a new five-month low, according to Mymetal’s latest weekly survey. Mymetal is Mysteel’s data collection arm for nonferrous products.
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Copper prices in China’s physical market declined during the June 17-23 period, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm. The continuous fall in copper prices has helped sales to improve, the survey showed.
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China’s zinc ingot stocks have declined for six consecutive weeks to reach 118,700 tonnes as of June 21, or nearly a five-month low, Mymetal’s latest survey across six major markets in China showed. The slide in stocks was mainly due to the reduction in supply, survey respondents said.
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As of June 22, China’s national price of primary lead ingot (at least 99.994%) under Mymetal’s assessment climbed for the second week, up another Yuan 218/tonne ($33.6/t) on week to Yuan 15,372/t including the 13% VAT, mainly on the support from higher futures prices and modest improvement in demand, according to Mymetal, Mysteel’s nonferrous metals market intelligence arm.
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Chinese domestic prices of primary aluminum rallied on week over June 10-16, mainly bolstered by the relatively healthy demand-supply fundamentals, according to the latest survey conducted by Mymetal, Mysteel’s nonferrous metals data collection arm.
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Copper prices in China’s physical market slipped during the June 8-15 period, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm. But the dip in prices did help sales rise a little, the report showed.
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China’s domestic aluminum market saw prices soften over June 3-9, according to the latest survey conducted by Mymetal, Mysteel’s nonferrous metals data collection arm. However, the demand among end-users remained relatively healthy over the period.
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China’s spot price of 99.99% grade copper cathode under Mymetal’s assessment dropped Yuan 1,885/tonne ($295/t) on week to Yuan 71,822/t including the 13% VAT as of June 9, though spot demand picked up over June 2-9 on the softening in price, according to Mymetal, Mysteel’s nonferrous market intelligence arm.
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China’s domestic lead prices dipped last week, according to the latest survey from Mymetal, Mysteel’s nonferrous metals data collection arm. The slump in lead futures on the Shanghai Futures Exchange (SHFE) was blamed.
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China’s domestic aluminum market fundamentals in terms of demand and supply remained still relatively healthy over May 25-June 1, with the light metal’s stocks continuing the decline over the week, according to the latest survey conducted by Mymetal, Mysteel’s nonferrous metals data collection arm. The dip in stocks partially supported the metal’s prices.
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Copper prices in China’s physical market followed a V-shaped trajectory during the May 26-June 1 period, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm. Sales improved a little as cathode prices came off their high and then showed signs of stabilizing, the report noted.
