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Alumina Vessels Remain Waiting Off Hormuz Despite The Agreement Between The United States And Iran
Vessels carrying alumina cargoes to Gulf-based smelters remained stationary on Monday June 15, despite the announcement of an agreement between the United States and Iran, reached on Sunday June 14, to lift the blockade of the Strait of Hormuz. According to market...
Zinc Concentrate Tcs Fall Further Below Zero Amid Limited Supply And Strong Competition From Chinese Smelters
Competition among Chinese smelters to secure zinc concentrates has intensified further, in a spot market characterized by limited physical availability, tensions over overseas mine supply and treatment charges now firmly in negative territory. In the first half of...
The Chinese Nickel Pig Iron Market Remains Locked Between Weak Demand And Tighter Supply
The Chinese spot market for nickel pig iron, also known as NPI, continued to show reduced liquidity in the week ended Friday June 12. Market participants described a still fragile context, dominated by weak end-user demand, compressed margins in the stainless steel...
SHFE Base Metals Fall: Aluminium Leads Losses Amid Record Stocks And A Retreating Risk Premium
Base metals prices on the Shanghai Futures Exchange opened mostly lower on Tuesday June 16, confirming a more cautious market environment after the strong tensions seen in recent weeks. Aluminium led the downward move, posting the sharpest decline across the SHFE...