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Source:   www.lme.com      https://businessanalytiq.com/

LME Metal February 2025 Purchase indicators –Steel, Aluminum, Nickel, Cobalt, Lithium Hydroxide price and market overview

The Electric bike materials February 2025 purchase indicators are like below:

Moving commodities in July: steel and Copper rose by 4.3% and 3.9% respectively, cobalt deceased by 11.8%

LME Metal Purchase indicators –Steel, Aluminum, Nickel, Cobalt, Lithium Hydroxide price and market overview

Original: www.lme.com

LME metals in 12 months: ( Li USD/kg, others USD/ton)

Steel: prices rose from USD 350/ton to USD 365/ton in February (4.3%, ~USD 376/ton as of today).

• Beijing is expected to shrink capacity by 50 million tons this year to counter overcapacity, caused by lower construction demand from China’s property crisis and lower export ability.
• Vietnam put anti-dumping tariffs Chinese steel and South Korea, Brazil and Chile have pledged comparable measures (China exported a record-high 117 million tons in 2024, a 25% increase).
• In the meantime, the China domestic PMI is showing recovery (52.7 in February), contributing to cautious optimism.

Aluminium: price increased from USD 2,580/ton to USD 2,660/ton in February (+3.1%, ~USD 2,690/ton as of today).

• Renewed threats from the European Commission to put additional sanctions on Russian aluminium.
• Signals from the US to relax sanctions on Russia, easing growing concerns of low supply and lifting Rusal’s export outlook.
• Reduced Chinese aluminium exports after ending export stimulus measures, taking away a substantial price pressuring factor.
• On the demand side, a series of economic stimulus in China raises expectation of higher demand.

Local aluminium prices in China rose from CNY 20,200/ton to CNY 20,550/ton in February (+1.7%, ~CNY 20,770/ton as of today).

Aluminium: price increased from USD 2,580/ton to USD 2,660/ton in February (+3.1%, ~USD 2,690/ton as of today).

• Renewed threats from the European Commission to put additional sanctions on Russian aluminium.
• Signals from the US to relax sanctions on Russia, easing growing concerns of low supply and lifting Rusal’s export outlook.
• Reduced Chinese aluminium exports after ending export stimulus measures, taking away a substantial price pressuring factor.
• On the demand side, a series of economic stimulus in China raises expectation of higher demand.

Local aluminium prices in China rose from CNY 20,200/ton to CNY 20,550/ton in February (+1.7%, ~CNY 20,770/ton as of today).

Nickel: prices remained stable at USD 15.4K/ton in February (0%, ~today USD 16.1K/ton).

• Indonesia considers reducing nickel mining quotas by 120 million tons in 2025, enough to reduce global supply by 35%. As this reduction hardly sparked a price reaction, it indicates that the market is still oversupplied and inventory at LME warehouses still remain 100% higher than one year ago (nearly 200 thousand tons finished product).
• Rising Chinese PMIs in China in February moved market from a bearish to a slightly positive sentiment.

Cobalt: prices declined from USD 23.8K/ton to USD 21K/ton in February, but reversed to USD 25.5k/ton in March (-11.8%, ~USD 25.5K/ton today).

Lithium Hydroxide: price decreased from USD 9.47/kg to USD 9.3/kg in February (-1.8%. today’s price is ~USD 9.09/kg), amid persistent pressure from an oversupplied market.

• EV sales in China rose by 17% annually in January and accounted for over 42% of total sales as Beijing rolled new fiscal benefits for NEV purchases (but battery inventories still remain high).
• Lithium miners don’t want to close operations to retain market share and business relationships with governments and battery producers.
• • Rio Tinto aims to enter the lithium market after buying US-based Arcadium Lithium for $6.7 billion.

Europe Plastics prices: In July, PS (normal/clear) -4.5%, LLDPE (foil) -6.2%, PVC (foil) -7.1%, PC (clear bright) -8.8%. Original: https://www.plasticportal.eu/  Unit: EUR/Ton

Crude Oil: price dropped from USD 83/bbl to USD 74/bbl in July (-10.8%).

• Increase in oil production from U.S. and some OPEC+ members which boost supply.
• Slower economic growth (China, Europe), leading to weaker oil demand concerns.
• The USA released additional crude oil from their strategic reserves to stabilize or reduce prices.
• Fears of a potential regional war (Israel, Lebanon, Iran) and stopped production due to political instability (e.g. Lybia’s largest oil field, Sharara, due to anti-government protests and security issues) give some counterweight the price decline.

Rubber: declined from USD 1,750/ton to USD 1,630/ton in July (-6.9%, USD 1,690/ton today), as concerns over global tight supplies.

• China’s manufacturing activity fell for a third consecutive month in July, depressing demand outlooks.

Cotton: Declined from USD 1,540/ton to USD 1,500/ton in July (-2.6%, 1,450/ton as of today) due to falling oil prices and heavy selling pressure in agricultural commodities.

• Global cotton production is projected to grow steadily, reaching 29 million tons by 2033, a 17% increase from the 2021-23 base period, with India accounting for 38%, United States at 27% and Brazil at 21% (OECD-FAO Agricultural Outlook 2024-2033′ report).

Sea freight indicators: Original: Original: https://www.drewry.co.uk/

Shanghai – Rotterdam: increased from USD 6,500/40FT to USD 8,000/40FT (+23%)

Shanghai – Los Angeles(A/C): increased from USD 6,200/40FT to USD 7,300/40FT (+17.7%).

• The US National Retail Federation point out that the consumer goods shipments will peak in August and the peak season to Europe might be earlier. Asia-Europe utilization levels have slipped recently. Besides the continued Red Sea diversions mean longer transit times and a need for earlier departures (end September instead of 2^nd half of October).
• Despite volumes likely reaching their peak, there is still no significant congestion at destination hubs from increased import traffic.
• Congestion is still a factor in Singapore and has led to some spillover to Malaysia. But overall delays have decreased, with vessel wait times under two days in Singapore.

Currencies: Original: www.oanda.com

EUR/USD: remained at 1:1.08 (0%) in July.
EUR/JPY: increased a bit from 1:170.05 to 1:171.12 (+0.6%).
EUR/CNY: increased from 1:7.80 to 1:7.87. (+0.9%).
USD/JPY: decreased from 1: 158.04 to 1:157.71. (-0.2%).
USD/TWD: increased from 1: 32.39 to 1:32.63 (+0.7%).
USD/CNY: increase from 1:7.25 to 1:7.26. (+0.1%).

Inflation Year on Year %, China Export rebates and China VAT

A 12-month trial of e-scooters is being rolled out across parts of the West of England.

Hop-on hop-off e-scooters run by Voi Technology Ltd will be available in Bristol, Bath and South Gloucestershire to help residents and visitors get around.

The e-scooters will be capped to a maximum speed of 15.5mph and cannot be used on pavements.

The trial is expected to begin later this month.

The Swedish company will provide the e-scooters for short or longer-term rental allowing residents to take them home if required.

The trial is being led by the West of England Combined Authority (WECA) in partnership with Bath & North East Somerset, Bristol and South Gloucestershire councils, with the cost of rides and unlocking due to be announced at a later date.

The Department of Transport passed legislation earlier this year to accelerate the deployment of e-scooter trials across the UK.

A trial in Coventry was paused after five days following concerns over pedestrian safety and e-scooters being abandoned on the streets.

Voi Technology’s general manager, Richard Corbett, said: “Voi is making use of licence plates to help identify any misuse of our e-scooters, as well as investing in ambassadors on the streets to ensure that any anti-social behaviour is stopped in its tracks.”

An e-scooter trial has also started in Cheltenham and Gloucester where Gloucestershire County Council has appointed e-scooter operator, Zwings.

The Zwings e-scooters began appearing on the streets on 1 October costing £1 to unlock, and then 15p or 20p a minute for every ride, depending on the location.

Riders of hired and leased e-scooters, through the West of England’s trial, can legally use them on roads, cycle lanes or cycle tracks and must hold a full or provisional driving licence.

Currently, privately-owned e-scooters are banned to use in the UK anywhere except on private land.

The Transport Committee of MPs has arguede-scooters should be legalised on roads but riding on pavements should be prohibited.

Easy to manoeuvre, petrol free and quite a lot of fun on two wheels, e-scooters are fast becoming a feature of the urban mobility scene in the quest for more sustainable ways to travel.

“Under the right circumstances these vehicles can massively reduce congestion and carbon emissions, certainly. I think this is the best solution, especially for trips from 1-6 km,” said Joe Lewin, Founder and CEO of start-up Blue Zoom, which provides a bespoke e-scooter service for commercial and residential properties in Europe and the Middle East.

“We have been talking about traffic and congestion for the last twenty years – how to get people out of cars in city centres. E-scooters are a great option. They are electric, they don’t take up space – You can get a lot of e-scooters in one car parking space,” said Kristina Nilsson from Swedish e-scooter firm VOI Technologies.

“This is a vehicle for sharing. On average, each e-scooter for hire is used 5 to ten times a day,” said Nilsson. VOI launched in August 2018 but now has e-scooters in 40 cities in 10 countries.

It is a nascent, fast growing and competitive market. From highly valued American firms like Bird and Lime which have attracted big investment, to Sweden’s VOI Technologies and start-ups like Blue Zoom, e-scooters are having a moment.

“It is a race for territory. There are so many cities and towns out there craving a micro-mobility solution but it has not yet been fulfilled,” Joe Lewin said.

Micro-mobility is the catch-all for e-bikes, e-scooters and e-skateboards. Billions have already been invested in the market. Research by consultants McKinsey says the European e-scooter market will be worth $150bn in Europe by 2030, up to $300bn in the U.S. and $50bn in China.

However, while at MOVE2020, a mobility event in London, the talk was around e-scooters being an entry point into a new, sustainable infrastructure for getting around cities in the future, there are big questions around e-scooters and safety.

“Is an e-scooter classified as a road vehicle or something for pavements? If it is an Electric Vehicle, then there isn’t a problem because they can go in cycle lanes. What you categorize them as is a big challenge,” said Professor Jim Saker at Loughborough University.

Nilsson at Swedish firm VOI Technologies says new technology always needs new rules that can keep up with the fast pace of change.

“E-scooters are for sharing. That means we can make sure that what is on the roads is updated and is the best, latest technology. And what we do is a traffic test. 18-25 years olds are not taking driving tests because they are putting off owning a car, but we need to educate them on the rules of the road,” she said.

Lewin thinks perceptions are changing: “People have become more aware of these vehicles on roads, drivers in particular. And on cycle lanes. Infrastructure is improving so it is a safer environment as time goes on.”

Regulation is keeping up. E-Scooter companies operating in San Francisco now need permits. France has blocked people riding on the pavements. In Singapore e-scooters are only allowed on bike paths.

In the UK, riding an e-scooter is illegal on public roads, but there is a limited trial taking place in London. Plus, there will be a regulatory review in a British government consultation on e scooters. Until there is legislation, there is no way to insist on safety standards or reinforce the rules of the road.

Meanwhile, electric scooter companies in Germany might have to put the brakes on plans to operate in cities like Berlin, as some state governments push for a regulatory crackdown. German politicians were due to vote on amendments to the country’s Road Traffic Act on Friday which could give individual cities the right to restrict where e-scooters are parked – or ban them from the streets entirely. That’s not something Nilsson wants to see.

“I think e-scooters are here to stay in Germany. Certainly in places like Munich. But other cities may opt not to allow them on their streets if they don’t have the infrastructure in place to handle them – the right spaces for docking and for charging and bike lanes to ride e-scooters.”