Mitsui Mining & Smelting announced on Friday the firm raised the official zinc ingot price by 17,000 yen to 484,000 yen per tonne for domestic shipment in July. The price recovered the highest level in a month to reflect strong zinc market at overseas. The monthly average became to 473,500 yen.Zinc spot price at London Metal Exchange jumped up by US$ 139.5 to US$ 3,590 per tonne at settlement on Thursday from previous day. LME zinc price was adjusted for a while with the expectation world zinc supply becomes easier. On the other hand, recent zinc inventory held by LME is 69,350 tonnes as much as 2 days of world total consumption. Market fundamentals are strong totally.
Japan Steel Scrap Composite Prices (Sangyo Press)
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