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European Aluminium In Backwardation: Metal Shortage Supports Premiums
The European primary aluminium market recorded a sudden acceleration in backwardation, which rose to $24.50 per tonne on Thursday September 10, from just $0.50 per tonne at the beginning of the week. The $24 increase in a few days signals growing tension in prompt...
Shanghai Zinc: Premiums Stable And Import Arbitrage Still Unfavorable
Shanghai zinc premiums remained unchanged in the week ending Tuesday September 8. Import arbitrage recovered part of its losses from the previous week, but remains deeply negative and insufficient to reactivate purchases of overseas metal. The traditional seasonal...
Italian Scrap After The Summer: Fragile Stability And Still-Cautious Demand
The Italian ferrous scrap market has returned from the summer break with a still-cautious outlook. Mills have adequate inventories, dealers’ yards are moderately full and buyer interest remains too weak to give quotations a clear direction. In its monthly report...
SHFE Metals Decline: Tin Leads The Correction In Shanghai
Base metals listed on the Shanghai Futures Exchange recorded a broad decline during morning trading on Friday September 11. All six main contracts moved into negative territory compared with the previous day’s 3:00pm close, with tin posting the largest fall. A...