Nonferrous metal market at London Metal Exchange(LME) increased basically, after Easter. Nickel has been rising from the beginning of this year with bullish factor like trade embargo in Indonesia, and the settlement price (the selling price in the morning market) reached 18,000 dollers per tonne, it was the highest price in recent 14 months. Aluminum is also the highest level in this year. On the other hand, though copper dropped rapidly with bearish sentiment for use for financial dealings, decreasing hardened and entered a correction phase.
Japan Steel Scrap Composite Prices (Sangyo Press)05/19/2022
|60500YEN (-1200)||64800YEN (-1100)|
|467.43US$ (-5.98)||500.66US$ (-4.98)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)