Base metals prices on the London Metal Exchange were all up during Asian morning trading on Monday amid renewed optimism in the market after US President Donald Trump reported “big progress” in trade talks with his Chinese counterpart, Xi Jinping.
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The fob China grade-553 silicon price was unchanged
in the week ended December 28 amid thin inquiries and trades.
The black tungsten concentrate price in China continued to fall in the week to December 26
, while the Chinese ammonium paratungstate and ferro-tungsten prices were flat week on week amid thin enquiries.
Indian domestic secondary billet prices rose by at least 600 rupees ($9) per tonne
last week on sustained buying by long product makers and improved trading
Global ferrous scrap prices were mostly little-changed
during the week ended Friday December 28 due to illiquid spot trading.