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Zinc: Trafigura gets ready to remove metal from LME system
Trafigura and other firms are moving to take large quantities of zinc out of London Metal Exchange-approved warehouses in Asia, fuelling concern about further problems at the exchange after chaotic nickel trading last month. Stocks of zinc, used to galvanise steel, in...
Aluminium: Japanese buyers accept 170 $/ton premium
The premium for aluminium shipments to Japanese buyers for the April-June period was set at $170 per tonne, down 2.8% from the previous quarter, as weak demand in Japan and China outweighed concerns of supply disruptions from Russia. The figure is below the $177 per...
Hrc steel: Chinese production falls by 2%
Total hot rolled coil (HRC) production of China's 37 producers has reversed after two weeks of increases, mainly due to maintenance outages among mills. During the latest survey period, China's HRC production fell by 68,600 tonnes or 2.2% to 3.1 million tonnes, while...
Coal: EU total ban on Russian product to take effect mid-August
The European Union on Thursday approved a ban on Russian coal that will take full effect from mid-August, a month later than initially proposed, following pressure from Germany to delay the measure. The phasing out of EU imports of Russian coal is the key measure in a...