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UK Secondary Aluminium, The Market Resists The LME Decline Amid Scrap Shortages And Strong Exports
The British secondary aluminium market has entered an increasingly evident phase of tension. On one hand, the sharp decline in London Metal Exchange aluminium prices has fueled expectations of a possible correction in physical values. On the other hand, however, the...
Shanghai Zinc Premiums Flat, Unfavorable Arbitrage And Reduced Liquidity Hold Back Imports
Shanghai zinc premiums remained unchanged in the week ended Tuesday June 16, in a market still conditioned by unfavorable import arbitrage, thin spot liquidity and seasonally weak demand. Operators continued to prioritize domestic material, while offers of imported...
Aluminium Premiums, Europe More Stable While The US Midwest Slowly Slips
The global primary aluminium premium market is entering a less nervous, but still deeply selective phase. In Europe, P1020A premiums found support in the week ended Tuesday June 16, helped by the return of contango on the London Metal Exchange curve and by the end of...
Asian Stainless Steel, Exports Still Weak Between High Freight Costs And Sluggish Seasonal Demand
Asian stainless steel exports remained weak in the week ended Wednesday June 17, with market operators still oriented toward a wait-and-see approach. The main drag continues to come from elevated container freight costs, which are eroding exporters’ margins and...