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Manganese Ore: Divergent Maritime Prices and Narrowing Spreads on the Chinese Market
The market for manganese ore shipped by sea to China closed the end of December with limited but significant movements, marking a slight decline for high-grade material and a modest strengthening for semi-carbonate. This trend directly impacted the narrowing of the...
Russian Steel on the Black Sea: Market Frozen by Year-End Holidays
The Russian steel market was essentially stagnant during the week ending Monday, December 29th. The year-end holidays emptied trading desks and froze activity, leaving prices and expectations essentially unchanged for all major products exported from the Black Sea...
Ocean Freight Rates Rise on East-West Routes at Year-End
The main East-West shipping lanes closed the year with clear signs of strengthening freight rates, confirming an upward trend that has intensified over the past few weeks. On the Asia-Europe routes, prices increased 1% in the last week, reaching $2,742 per FEU, but...
Base Metals Rise in Shanghai, But Zinc and Lead Slow on New Year’s Eve
Base metal prices traded on the Shanghai Futures Exchange (SHFE) showed an overall positive trend on the morning of Wednesday, December 31st, confirming a climate of moderate optimism in Asian markets. Zinc and lead, however, stood out from the general upward...