Mitsui Mining & Smelting announced on Friday the firm increased the official zinc price by 17,000 yen to 498,000 yen per tonne for October shipment. The price renewed record price under higher offshore price after it hit record on October 10. The averaged monthly price increased to 481,800 yen. Zinc cash price increased by US$ 66.5 to US$ 3,772 per tonne at settlement of London Metal Exchange on Thursday from previous day. The supply is getting tighter when the worldwide demand increases and the world largest producing country of China increases the domestic consumption. LME zinc inventory decreased by 1,100 tonnes to 132,225 tonnes on Thursday.
Japan Steel Scrap Composite Prices (Sangyo Press)
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