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Base Metal Prices Rise on the Shanghai Metal Exchange: Zinc Drives Gains
During the morning session on Thursday, 8 May, most base metal prices traded on the Shanghai Future Exchange (SHFE) rose. In particular, zinc posted the largest increase of the day. Data taken at 10:30 a.m. (Shanghai time) show the performance of the most traded SHFE...
Weakness Of Base Metals On The SHFE Despite China’s Rate Cuts
On the morning of Wednesday, May 7, prices of most base metals traded on the Shanghai Futures Exchange (SHFE) were bearish despite the announcement of new monetary easing measures by the Chinese government. A comparison of the most traded June contract quotes at 10:30...
Aluminum Premiums In Tension: Markets Firm In West, Pressure In Asia
During the week ended Tuesday, May 6, global aluminum markets showed little responsiveness due to a combination of national holidays and macroeconomic uncertainties, which kept premiums largely unchanged. However, slight declines were observed in parts of Asia,...
Negative Climate In European HRC Market As Producers Resist Declines
The European hot-rolled (HRC) steel market continues to show weak instability, with a negative mood among traders, despite steel plants' efforts to maintain current price levels. According to what market participants gathered on Tuesday, May 6, supply is running up...