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Chinese Ferrosilicon Higher: The Shanxi Mining Accident Pushes Costs, Futures And Export Prices
The Chinese ferrosilicon market recorded an increase in the week to Wednesday May 28, after a serious accident at a coal mine in Shanxi province, one of the key areas for the country’s coal production. The event, which caused the death of 90 people, triggered an...
Copper Scrap Toward China: Discounts Narrowing, Firm Demand And Invoice Quotas Still A Bottleneck
The Chinese copper scrap market showed in the week to Tuesday May 26 a slight narrowing of spot discounts against the three-month copper price on the London Metal Exchange, supported by strengthening futures markets and by still solid domestic demand for recycled...
Asian Stainless Steel Down On Exports, But China Holds Thanks To Elevated Costs
The Asian stainless steel market showed in the week to Wednesday May 27 an increasingly divergent dynamic. On one side, prices in the seaborne market fell because of weak demand and the greater aggressiveness of Asian exporters. On the other side, Chinese domestic...
Zinc Premiums In Asia Stable: Weak Demand, Unfavorable Arbitrage And Limited Spot Trades
The Asian SHG zinc market went through the week to Tuesday May 26 in a phase of apparent stability, but with still weak spot activity and few signs of recovery in downstream demand. Premiums in Shanghai and Southeast Asia remained unchanged, supported more by the...