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UK Aluminium Scrap Higher Again: Strong LME, Reduced Stocks And Replacement Costs Push The Secondary Market
The British market for aluminium scrap and secondary ingots recorded a new strengthening in the week to Wednesday May 27, supported by a sharply higher London Metal Exchange cash aluminium price and by still extremely limited scrap availability. The picture remains...
Turkish Scrap Paused For Eid Al-Adha: Few Trades, Weak Demand And Stable Prices
The Turkish market for imported deep-sea ferrous scrap entered a phase of very limited activity on Wednesday May 27, with trades almost stopped because of the Islamic holidays of Kurban Bayramı, also known as Eid al-Adha. The seasonal slowdown came in a context...
Aluminium Premiums In Asia Higher: Q3 MJP Ignites Sentiment, But Backwardation Remains A Brake
The Asian aluminium premium market showed a more supported tone in the week to Thursday May 28, driven by the start of quarterly negotiations for the Main Japanese Ports, or MJP, related to third-quarter 2026 supplies. Sentiment became progressively more bullish,...
Chinese Steelmaking In A Fragile Phase: Coils Lower, Ore Under Pressure And Port Stocks Still Elevated
Chinese steelmaking is heading toward the close of May in a still fragile market context, where the brief support coming from coking coal and coke futures was not enough to change the underlying picture. After the serious mining accident in Shanxi on May 22, the...