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Base Metals Fall In Shanghai, With Tin Leading The Losses
Base metals listed on the Shanghai Futures Exchange recorded a broad decline during morning trading on Friday July 24, penalized by the strengthening of the US dollar and a more cautious attitude among market participants. Tin suffered the sharpest fall, losing 1.91%...
Chinese Stainless Steel, Nickel Costs Support The Domestic Market But Exports Remain Weak
Stainless steel prices in China’s domestic market recorded a moderate increase in the week ended Wednesday July 22, supported mainly by concerns over rising production costs. The export market instead followed the opposite direction, with quotations declining because...
Two Straits Under Pressure, But Container Rates Begin To Fall
The logistics crisis in the Middle East is widening just as the container market shows its first signs of cooling after months of increases. The Strait of Hormuz continues to be crossed by an extremely limited number of vessels, while the Houthi threat against traffic...
Copper And Zinc Follow Opposite Routes Between China And Southeast Asia
Asian copper and zinc markets are going through a phase of growing divergence. In China, increasingly limited copper cathode availability has triggered renewed buying, pushing Shanghai premiums to their highest levels in years. In zinc, by contrast, import arbitrage...