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Southeast Asian Aluminum Scrap Prices Steady with a Slight Upward Trend
During the week ending Tuesday, September 9, import prices for aluminum scrap in Southeast Asia moved sideways with a slight upward trend, despite most buyers remaining on hold following the sudden surge seen earlier in the week on the London Metal Exchange (LME). The...
Copper Treatment Charges Index Drops
The treatment charges (TC) index for copper concentrates, CIF Asia-Pacific delivery, fell to -$63.00/ton in the week ending Friday, September 12. Several market participants attributed the decline to uncertainty surrounding the expiration of Freeport's export license...
Base Metal Prices Show Mixed Trends on the Shanghai Futures Exchange (SHFE)
During the morning of Monday, September 15, prices of major non-ferrous metals listed on the Shanghai Futures Exchange (SHFE) showed mixed movements. Volatile market sentiment was evident, with investors torn between expectations of a possible interest rate cut by the...
Shanghai Bonded Zone Metal Inventories: Mixed August
Shanghai copper, zinc, and aluminum inventories increased in August, while nickel inventories declined again, according to data collected by Commodity Evolution. Dynamics varied depending on the metal, influenced by arbitrage, seasonal demand, and liquidity...