Mitsui Mining & Smelting announced on Tuesday the firm revised up the official zinc ingot price by 3,000 yen to 301,000 yen per tonne for February shipment. LME zinc price is slightly firmer, due to correction of crude oil futures price. It is on the background of rising ingot price import cost, because of ceasing to LME zinc price fall and appreciation of the dollar against the yen.
Japan Steel Scrap Composite Prices (Sangyo Press)08/16/2018
|34800YEN (-)||39700YEN (-)|
|311.8US$ (2.19)||355.7US$ (2.5)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)