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SHFE Metals Mixed: Nickel Leads Declines Amid Weak Demand, Elevated Stocks And Indonesia Risks
Base metals listed on the Shanghai Futures Exchange showed a mixed trend in the morning of Wednesday June 3, moving within a relatively contained range, below 1%. The market therefore opened the day without a single direction, with some contracts supported by...
UK Aluminium Scrap Higher Again: Strong LME, Reduced Stocks And Replacement Costs Push The Secondary Market
The British market for aluminium scrap and secondary ingots recorded a new strengthening in the week to Wednesday May 27, supported by a sharply higher London Metal Exchange cash aluminium price and by still extremely limited scrap availability. The picture remains...
Turkish Scrap Paused For Eid Al-Adha: Few Trades, Weak Demand And Stable Prices
The Turkish market for imported deep-sea ferrous scrap entered a phase of very limited activity on Wednesday May 27, with trades almost stopped because of the Islamic holidays of Kurban Bayramı, also known as Eid al-Adha. The seasonal slowdown came in a context...
Aluminium Premiums In Asia Higher: Q3 MJP Ignites Sentiment, But Backwardation Remains A Brake
The Asian aluminium premium market showed a more supported tone in the week to Thursday May 28, driven by the start of quarterly negotiations for the Main Japanese Ports, or MJP, related to third-quarter 2026 supplies. Sentiment became progressively more bullish,...