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Copper Scrap In China, Discounts Tighten Amid Preventive Stockbuilding And LME Rally
Copper scrap import discounts into China tightened in the week ended Monday June 22, despite the persistent rally in copper futures on the London Metal Exchange. The move reflects a combination of factors: stockbuilding ahead of the June 30 deadline, aggressive buying...
Chinese Stainless Steel Falls, Weak Demand And Foreign Buyers On Standby
Stainless steel prices in China declined in the week ended Wednesday June 24, both in the domestic market and in the export market, under pressure from still fragile demand and bearish sentiment among operators. The market continues to move in a context of weak...
UK Secondary Aluminium Rises Despite The LME Decline
The British secondary aluminium ingot market strengthened in the week ended Wednesday June 24, despite the sharp retreat in cash aluminium prices on the London Metal Exchange. The dynamic confirms an increasingly evident fracture between the financial market for...
Aluminium P1020A Premiums, Europe Falls And US Midwest Still Elevated After The Highs
Primary aluminium P1020A premiums have started to lose momentum both in Europe and in the United States, but with different intensity and reasons. In Rotterdam, the decline was more evident, fueled by the arrival of the summer demand lull, the cooling of geopolitical...