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Global HRC Market: Europe Waits, US Slightly Recovers
The European hot-rolled coil (HRC) market recorded a slight decline in prices on Wednesday, October 1st, once again signaling the fragility of domestic demand and the prevailing wait-and-see climate among operators. In particular, in Northern Europe, market valuations...
Tension Rises Over China’s Centralized Iron Ore Procurement System
China's centralized iron ore procurement system, introduced in 2022 to leverage its influence in the global steel commodity market, is encountering growing resistance among operators. According to Commodity Evolution sources, the slowdown in negotiations for long-term...
Asian Black Mass Market: Cobalt Rises, But Trading Limited by Holidays
Sentiment in major Asian seaborne black mass markets gained support in the week ending Wednesday, October 1, thanks to rising cobalt prices, although trading volumes remained weak due to regional holidays. The Democratic Republic of Congo (DRC), the world's leading...
Downward Pressure on LLDPE Market in South Asia and Southeast Asia
According to market sources, the announced production increase by the OPEC+ alliance in November and the resumption of crude oil exports from the Kurdish region to Iraq have increased supply availability, leading to a decline in international oil prices. This dynamic,...