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Base Metal Prices Rise on Shfe, Tin Leads Gains
The morning of Friday, June 6, opened on a positive note for most base metals traded on the Shanghai Futures Exchange (SHFE), where a predominance of rising contracts were observed. In particular, tin stood out as the best-performing metal, amid renewed interest from...
Indonesian Nickel Producers Call for Urgent HPM Price Review
Indonesian nickel producers are increasingly lobbying the government to urgently review the minimum pricing system known as Harga Patokan Mineral (HPM). The call stems from growing dissatisfaction in the industry that the current rules are undermining the saleability...
Mixed Signals in Italian Steel Market: Plate Down, Round Towards Possible Stabilization
During the week ending Wednesday, June 4, the Italian heavy plate market showed clear signs of weakness, in a context characterized by sluggish demand and limited trading activity. According to several market operators, domestic prices moved lower, reflecting the...
China’s Scrap Copper Imports Steady in May Despite US Trade Tensions
Spot copper scrap import discounts to China remained stable in May, even as US-China trade tensions continued to fuel uncertainty. Market sources said that despite the 90-day truce between the two powers announced earlier in the month, the positive effects on trade...