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Copper Scrap Toward China: Discounts Narrowing, Firm Demand And Invoice Quotas Still A Bottleneck
The Chinese copper scrap market showed in the week to Tuesday May 26 a slight narrowing of spot discounts against the three-month copper price on the London Metal Exchange, supported by strengthening futures markets and by still solid domestic demand for recycled...
Asian Stainless Steel Down On Exports, But China Holds Thanks To Elevated Costs
The Asian stainless steel market showed in the week to Wednesday May 27 an increasingly divergent dynamic. On one side, prices in the seaborne market fell because of weak demand and the greater aggressiveness of Asian exporters. On the other side, Chinese domestic...
Zinc Premiums In Asia Stable: Weak Demand, Unfavorable Arbitrage And Limited Spot Trades
The Asian SHG zinc market went through the week to Tuesday May 26 in a phase of apparent stability, but with still weak spot activity and few signs of recovery in downstream demand. Premiums in Shanghai and Southeast Asia remained unchanged, supported more by the...
Gulf Aluminium In Collapse: GCC Production Down 35% And Global Premiums Sharply Higher
Primary aluminium production in the Gulf Cooperation Council, or GCC, recorded in April a collapse of 35% year on year, confirming the deep and persistent impact of the Middle East conflict on the global aluminium chain. According to data from the International...