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Indian Aluminium Scrap Prices Continue To Rise As LME Strength, China And Tight Supply Drive The Market
Indian aluminium scrap prices recorded further gains in the week to Wednesday January 14, supported by the persistent rise in primary aluminium prices on the London Metal Exchange (LME) and by intensifying global competition for available scrap volumes. Despite...
China’s Stainless Steel Prices Find Support From Nickel As Export Prices Ease
China’s domestic stainless steel prices edged higher in the week to Wednesday January 14, supported mainly by rising nickel prices and higher production costs, according to market sources. However, demand recovery remains cautious, with most buyers adopting a...
Base Metals Rise On The Shfe As Tin Extends Rally And Nickel Gains On Supply Concerns
Most base metals prices on the Shanghai Futures Exchange (SHFE) strengthened during morning trading on Thursday January 15, led once again by a powerful rally in tin, while nickel recorded the second-largest gain, supported by renewed supply-side concerns. The moves...
European Refined Nickel Spot Premiums Jump As Lme Rally Reshapes Market Sentiment
European spot premiums for refined nickel rose sharply in the week to Tuesday January 13, as the physical market reacted decisively to the strong rally in three-month nickel prices on the London Metal Exchange (LME), which reignited volatility, margin pressure and...