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Aluminum prices negative for March
Could the seasonality of March be pushing aluminum prices down? From chart 2. it sure looks like prices have been moving negatively in the month under review for the past 30-15-10-5 years. From chart 1. today could be the last day of rebound for aluminum prices, and...
Japanese ferrous scrap export falls 34% m/m in January
Japan, the world's third-largest ferrous scrap exporter, reported a significant decline in scrap exports in January. Export volume stood at 0.48 million tons (down 34% m/m) from 0.73 million tons in December. Higher Japanese export prices and the prevalence of New...
Short-term outlook on China’s steel products
Rebar and wire rod prices may gain ground from March 1-5, not only due to stronger demand from end users, but also due to positive market sentiment. Most construction contractors have resumed work on their projects, much earlier this year than the previous Chinese New...
Increased volatility in non-ferrous metals near major selling levels
On the last trading day, all major non-ferrous metals touched new highs, with copper, aluminum and zinc recording $9616/mt, $2242/mt and $2952/mt, respectively. All of these levels tested important selling areas, with the metals now giving way to new...