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US Metals Premiums, Aluminium Corrects From Highs But Tariffs And Tight Supply Remain Decisive
The US physical non-ferrous metals market enters July with divergent signals. The Midwest primary aluminium premium continued to decline after the historic highs reached at the beginning of June, while copper and zinc remained broadly stable, in a context of slow spot...
Global Freight Rates Under Pressure, Hormuz Remains A Risk But The Real Driver Is The Early Container Peak
Negotiations between the United States and Iran toward a final peace deal continue in a still unstable climate, sometimes even under the pressure of new attacks. Tehran, meanwhile, is intensifying its moves to establish itself as the sole reference authority over the...
US Steel, Production Falls And Capacity Utilization Drops Below 80%
US raw steel production declined in the week ended Saturday June 27, while the capacity utilization rate fell below the 80% threshold for the first time in almost two months. The data, published by the American Iron and Steel Institute, or AISI, signals a slight...
Chinese Magnesium At Six-Month Lows, Ample Supply And Weak Demand Weigh On Prices
Chinese magnesium prices fell to six-month lows in the week ended Friday June 26, penalized by abundant supply and still-limited buying interest. Pressure affected both the domestic and export markets, confirming a fragile commercial picture dominated by buyers’...