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Zinc, China Returns To Exports But Flows Point Mainly Toward LME Warehouses
China accelerated refined zinc exports after months of waiting, taking advantage of the growing strength of London Metal Exchange prices compared with those on the Shanghai Futures Exchange. The decline in the SHFE-LME ratio finally opened a more favorable arbitrage...
European Ferro-Titanium Stable, But Zero EAEU Duty Ignites Competition For Scrap
European ferro-titanium prices remained unchanged over the past week, with weak summer activity offset by exceptionally limited titanium scrap availability. The spot market does not yet show evident upward momentum, but the removal of the scrap import duty in the...
LME Warrants, Copper Becomes Scarcer While Weak Demand Penalizes Nickel
Base-metals warrant premiums remained largely stable on Wednesday August 26, despite generally weak demand and a reduced number of inquiries during the summer holiday season. Backwardations in copper and zinc helped support the value of immediately available metal,...
Cobalt, Standard Grade Falls But Backwardation Keeps The Market Divided
European standard-grade cobalt prices declined on Thursday August 27, following the emergence of liquidity and selling interest below the previous assessment range. The downward movement was fueled by the availability of cheaper offers, including material originating...