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US Copper Between Hedge And Trap: Half A Million Tonnes In Warehouses And The Market Awaits The Tariff Verdict
One of the most delicate dynamics of recent years is forming in the global copper market. About half a million tonnes of refined copper are now accumulated in US warehouses, and the operators who helped move that metal into the United States are beginning to wonder...
SHFE Metals Recover, But Tin Gives Way: Elevated Prices, Weak Demand And More Cautious Buyers
Base metals listed on the Shanghai Futures Exchange showed a mostly positive trend during the morning of Friday June 5, with widespread gains for copper, aluminium, zinc and nickel. Moving against the trend were instead lead and especially tin, which recorded the...
Global Aluminium Premiums In Unstable Balance: Europe Correcting, Asia Supported By MJP And Backwardation Increasingly Extreme
The global market for P1020A aluminium premiums is going through a phase of strong complexity, in which Europe and Asia are moving with dynamics that are only apparently divergent. In Europe, premiums showed a correction in the week to Tuesday June 2, while in Asia...
UK Secondary Aluminium Under Tension: Scrap Scarce, Strong Demand And Ingot Prices Rising
The UK secondary aluminium market remained strongly supported in the week ended Wednesday June 3, with an increasingly tight balance between limited scrap availability, lively domestic demand and still elevated production costs. Market sources describe a context in...