Battery Scrap Prices in Henan Rose amid Improved Trades

DCE iron ore futures market falling trends,and start to rebounded in the afternoon. the main contract closed 853.5 by 0.89%. some traders were negative to sell, Some steel mills tended to be wait-and-see, and purchasing enthusiasm is not high.

There will not be solid macro data this week. The one-year inflation expectations in the United States and the annualised CPI in China in January are due this week. The public speeches of Federal Reserve Chairman Powell and voting commission after the interest rate meeting will be the focus of markets.

On the evening of January 31, LB Group announced that from February 1, 2023, all specifications of titanium dioxide of the company (including sulphuric acid process titanium dioxide, titanium dioxide by chlorination method) would be raised by 1,000 yuan/mt for various domestic customers and $150/mt for international customers from the original prices.

In June, the market was in anticipation of the sharp interest rate hikes in the Europe and US and the global economic recession, and the shorts completely took over the commodity market.

SHANGHAI, Jun 24 (SMM) - According to SMM survey, the market demand for aluminium plate/sheet and strip this week was still not optimistic.

SHANGHAI, Jun 17 (SMM) - Due to less attention and investment in recent years, as well as a different technical approach than NMC battery recycling, the recycling volume of scrap LFP batteries is not as high as that of NMC batteries.

The prices of magnesium are still facing greater downward pressure amid the oversupply.

SHANGHAI, Jun 2 (SMM) - The prices of battery-grade nickel sulphate were between 42,800-44,500 yuan/mt as of this Thursday, down 850 yuan/mt from last Friday.

SHANGHAI, Jun 2 (SMM) - Alumina prices were little changed today amid sluggish market transactions.

The domestic ferromolybdenum output stood at about 16,700 mt in May, up 500 mt or 3% on the month.