Mitsubishi Materials announced on Tuesday the firm decreased official lead ingot price by 5,000 yen to 223,000 yen per tonne for domestic shipment in November. The firm decreased the price again following down revision on November 14 due to weak lead market at overseas.Lead spot price at London Metal Exchange increased by US$ 24 to US$ 1,539 per tonne at settlement on Monday from Friday. However, the price was 13% lower than record US$ 1,765 on November 7. Japanese official price continued to decrease under the condition and became 11% lower than 250,000 yen of latest peak on November 8.
Japan Steel Scrap Composite Prices (Sangyo Press)
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