Zinc – the fourth most consumed metal worldwide after iron, aluminium and copper is witnessing an uptrend with a four per cent week-on-week increase in global prices. There has been a similar hike in India, too. Zinc cash prices in the LME was at $3,896 per tonne up 4% and the three month contract price…
Chinese steel and iron ore prices fell on Wednesday after Shanghai futures pledged “extraordinary deals”, citing the government’s earlier efforts to stimulate commodity inflation through warnings. Shanghai Construction Steel Rehabilitation SRBCV1 Day Trading ended 6% lower at 4,667 Yuan (29 729.79), hitting its lowest level since March 24, hitting 4,661 Yuan previously. The hot-rolled coil…
Iron ore futures soared as trading resumed on Monday, setting a record amid widespread demand for China and widespread rise in commodity prices as the global economy recovers. The future in Singapore rose more than 10% to a new record of $ 226 a tonne. The raw material for making steel is increasing as there…
