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Asian Stainless Steel, Exports Still Weak Between High Freight Costs And Sluggish Seasonal Demand
Asian stainless steel exports remained weak in the week ended Wednesday June 17, with market operators still oriented toward a wait-and-see approach. The main drag continues to come from elevated container freight costs, which are eroding exporters’ margins and...
Oyu Tolgoi, Copper Concentrate Exports Blocked Amid Social Tensions And Pressure On Rio Tinto
Exports of copper concentrate from the Oyu Tolgoi mine, one of the most important mining projects in the world, were temporarily interrupted on Wednesday, after a group of protesters blocked the road used to transport the material. The episode reignites the debate,...
SHFE Base Metals Little Changed, Tin Leads Declines Amid Supply Risks And Still-Uncertain Demand
Base metals listed on the Shanghai Futures Exchange moved within a narrow range in early trading on Thursday June 18, confirming a cautious, selective market still lacking a clear direction. Among the main contracts, tin recorded the worst performance, falling by more...
Hormuz Toward Reopening, But The Return To Normal Freight Conditions Will Be Slow
The possible signing of an interim peace deal between the United States and Iran at the end of the week could open a new phase for global freight markets. The agreement is expected to include a deal for the reopening of the Strait of Hormuz, potentially within thirty...