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China Pushes Ferro-Chrome Prices Higher: Tsingshan And TISCO Raise February Tenders
China’s leading stainless steel producers, Tsingshan and Taiyuan Iron & Steel, announced on Tuesday January 20 a 50 yuan per tonne increase in their ferro-chrome tender prices for February deliveries. The move confirms the strengthening phase of the market and...
Aluminium P1020 Premiums Between Europe And Brazil: Diverging Trends In An Increasingly Global Market
The European primary aluminium P1020A premium market showed mixed movements in the week to Tuesday January 20, reflecting the impact of recent aluminium backwardation on the London Metal Exchange. This price structure encouraged several sellers to reduce inventories,...
London Metal Exchange Removes Los Angeles From Its Delivery Network
The London Metal Exchange officially announced on January 12 the removal of Los Angeles from its list of approved delivery points. This decision marks a significant shift in the physical logistics landscape of metals in the United States, especially considering that...
Base Metals Slide On The Shfe: Zinc Leads The Declines
Base metals prices on the Shanghai Futures Exchange (SHFE) opened Wednesday January 21 on a broadly weaker footing, reinforcing a climate of caution and softness across Asian markets. Among the complex, zinc recorded the sharpest decline, emerging as the main drag on...