LCO Average Price Falls 28% YoY in Feb and to Drop Further in Mar_SMM

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Home / Metal News / Cobalt & Lithium / LCO Average Price Falls 28% YoY in Feb and to Drop Further in Mar

LCO Average Price Falls 28% YoY in Feb and to Drop Further in Mar

Mar 16, 2023 17:19

Source:SMM

The average monthly price of LCO was 379,000 yuan/mt in February.

SHANGHAI, Mar 16 (SMM) - The average monthly price of LCO was 379,000 yuan/mt in February, down 9% MoM and 28% YoY, and the price may trend lower in March.

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In the spot market, Jinchuan nickel was quoted at premiums of 6,500-7,000 yuan/mt as of September 14, averaging at 6,750 yuan/mt, which was down 1,150 yuan/mt from the previous trading day.

Sep 14, 2022 11:26

SMM Comments

Spot Prices of Pure Nickel Fell Slightly, with No Significant Improvement in Transactions

TCs of Spot Copper Concentrate Rose to Above $80/mt Affected by the Qinhuangdao Port Incident

As of September 9, the SMM Imported Copper Concentrate Index (weekly) stood at $81.96/mt, $2.71/mt higher than last week.

Sep 9, 2022 15:16

SMM Comments

TCs of Spot Copper Concentrate Rose to Above $80/mt Affected by the Qinhuangdao Port Incident

Zinc in Tianjin: Transactions Were Modest as Downstream Enterprises Purchased on Dips

At the beginning, as the premium in Tianjin rose slightly amid falling zinc prices, traders actively made shipments and downstream enterprises purchased on dips.

Sep 8, 2022 14:10

SMM Comments

Zinc in Tianjin: Transactions Were Modest as Downstream Enterprises Purchased on Dips

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

For alloy, nickel plate inventory dropped significantly last week maid improving order book, but the demand weakened again amid rising premiums. To sum up, pure nickel supply tightened to some extent recently, offering support to nickel prices in the near term.

Sep 6, 2022 10:36

SMM Insight

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

EMM Plants Held their Prices Firm Because of the High Bid Prices

On August 24, the average price of spot EMM in the main producing regions across China stood at 14,500-14,700 yuan/mt, up 100 yuan/mt from the previous trading day.

Aug 24, 2022 17:33

SMM Comments

EMM Plants Held their Prices Firm Because of the High Bid Prices

Spot Trading Remained Poor amid High Nickel Prices

On August 22, spot premiums of Jinchuan nickel were 5,300-5,500 yuan/mt. The average price stood at 5,400 /mt, down 350 yuan/mt from the previous trading day.

Aug 22, 2022 11:07

SMM Comments

Spot Trading Remained Poor amid High Nickel Prices

Copper Prices Continued to Rebound with the Support of Fundamentals

The US Fed raised the federal funds rate by 75 basis points to 2.25-2.5% in July.

Aug 8, 2022 15:20

SMM Insight

Copper Prices Continued to Rebound with the Support of Fundamentals

Tianjin Zinc: Traders Switched to Quote against the 2209 Zinc Contract and Held Offers Firm

0# zinc ingot in Tianjin was traded 24,590-24,770 yuan/mt. Zijin zinc had no quotations yet, and Huludao zinc is quoted at 29,250 yuan/mt.

Aug 8, 2022 13:47

SMM Comments

Tianjin Zinc: Traders Switched to Quote against the 2209 Zinc Contract and Held Offers Firm

Pure Nickel Spot Trading was Slack amid the High Futures Prices

On August 1, spot premiums of Jinchuan nickel were 12,000-13,000 yuan/mt, with the average price standing at 12,500 /mt, up 6,250 yuan/mt from the previous trading day.

Aug 1, 2022 11:39

SMM Comments

Pure Nickel Spot Trading was Slack amid the High Futures Prices

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Jul 29, 2022 10:28

SMM Comments

Stainless Steel Prices Remained Weak despite Narrow Rebound amid Oversupply of Ferrochrome and Indonesia NPI

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