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Shanghai Zinc: Premiums Stable And Import Arbitrage Still Unfavorable
Shanghai zinc premiums remained unchanged in the week ending Tuesday September 8. Import arbitrage recovered part of its losses from the previous week, but remains deeply negative and insufficient to reactivate purchases of overseas metal. The traditional seasonal...
Italian Scrap After The Summer: Fragile Stability And Still-Cautious Demand
The Italian ferrous scrap market has returned from the summer break with a still-cautious outlook. Mills have adequate inventories, dealers’ yards are moderately full and buyer interest remains too weak to give quotations a clear direction. In its monthly report...
SHFE Metals Decline: Tin Leads The Correction In Shanghai
Base metals listed on the Shanghai Futures Exchange recorded a broad decline during morning trading on Friday September 11. All six main contracts moved into negative territory compared with the previous day’s 3:00pm close, with tin posting the largest fall. A...
Chrome Ore Rises, But Chinese Ferro-Chrome Margins Narrow
UG2/MG chrome ore prices increased in the week ending Tuesday September 8, supported by relatively robust activity in the seaborne market and limited effective availability of material held at Chinese ports. Although port inventories continued to rise, a substantial...