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European Metals: Backwardation Pushes Copper And Zinc Out Of Warehouses
European physical copper and zinc markets remain characterized by weak demand and limited liquidity, but the strong backwardation on the London Metal Exchange is making it increasingly expensive to hold metal in warehouses. For traders and financiers, the problem...
SHFE Metals Rise: Zinc Leads The Market Amid Concentrate Tensions And Elevated Stocks
Base metals listed on the Shanghai Futures Exchange recorded a predominantly bullish performance on the morning of Wednesday, August 26, with zinc leading the complex thanks to a gain of 1.02%. Five of the six main contracts gained ground, while lead remained...
US Scrap: Prime Expected Stable In September, Pressure On Secondary Grades From Inventories And Maintenance
The US ferrous scrap market is approaching September negotiations with divergent expectations among different material grades. Numerous sellers expect continued stability for prime scrap, while shredded and other secondary categories could continue to face downward...
European Coils: Steel Mills Aim Higher, But September Must Test Price Sustainability
The European coil market reopens after the summer break with trading still limited, restricted availability and increasingly widespread expectations of price increases in September. However, the return of market participants from their holidays has not yet resolved...