Loading
Copper Spreads in Sharp Backwardation on LME: Pressure from Declining Inventories and Arbitrage Activity
The copper market on the London Metal Exchange (LME) showed a picture of increasing tension on Tuesday 10 June, with spreads in sharp backwardation, driven by a sharp drop in registered inventories and a new wave of warrant cancellations. In just two days, over 16,000...
Base Metals Up On Shfe: Aluminum Leads Rally After US-China Talks
Wednesday, June 11, opened with a bullish trend for almost all base metals traded on the Shanghai Futures Exchange (SHFE), supported by renewed market optimism following the expected trade talks between the United States and China held in London between June 9 and 10....
US-Europe Trade Tensions: New Duties on Aluminum and Fears for Scrap Exports
The Trump Administration’s new protectionist move – the increase to 50% of duties on aluminum imports – has rekindled fears among traders and producers of a further disruption of global balances, with potentially serious repercussions for exporters. The European...
European Coils Market in Contraction: Pressure on Prices and Demand
The European hot-rolled coil (HRC) market is going through a phase of profound weakness, characterized by a progressive erosion of prices and a demand that is struggling to regain momentum. The phenomenon is not isolated to individual countries, but involves the...