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The US Rig Count Rises Again And Strengthens Expectations On Demand For Energy Tubes
The number of active drilling rigs in the United States increased by three units in the week ended Friday May 15, reaching 551 rigs, according to the latest data published by Baker Hughes. The movement confirms a gradual improvement in drilling activity in the North...
Copper TCs Fall Again: The Concentrates Market Enters A New Phase Of Extreme Tension
The copper concentrates market reached a new critical point in mid-May, with treatment charges in Asia Pacific sinking to increasingly negative levels. Competition among smelters to secure available material has become so intense as to push for the first time the...
SHFE Base Metals Fall Across The Board, With Aluminium At The Forefront Of The Decline
SHFE Base Metals Fall Across The Board, With Aluminium At The Forefront Of The Decline Base metals prices on the Shanghai Futures Exchange opened the week in negative territory, with a generalized decline during morning trading on Monday May 18. The movement confirmed...
Asian Aluminium Strengthens Between Warrant Cancellations And Supply Fears
The Asian aluminium market experienced a week characterized by markedly bullish sentiment to Thursday May 14, supported by a combination of rising prices, warrant cancellations in Asian warehouses and persistent fears over global supply. In a context already made...