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Aluminium: Japanese buyers agree to pay a third quarter premium of $148/mt
The premium for aluminium shipments to Japanese buyers for the July-September period was set at $148/tonne, down 14% from the previous quarter, reflecting weak demand for cars amid a global chip shortage. The figure is lower than the $172 per tonne paid in the...
Copper: TC/RCs come under further pressure in Q3
Asian demand for copper concentrates is likely to be supported in Q3 by healthy margins and an increase in smelter capacity in China, while copper concentrate production is expected to be lower than consumption, putting downward pressure on the country's processing...
Sea Freight rates: reshaping global trade flows may be affected in Q3
The reshaping of global dry bulk trade flows due to the conflict between Russia and Ukraine, which was expected to boost demand for shipping, may be set back in the third quarter due to the deterioration in the global economic climate caused by soaring commodity...
Crude steel: industry expects China to announce a 2%-3% reduction in production in 2022
According to industry sources, China is likely to announce in July a 20-30 million tonne, or 2-3% year-on-year, reduction in steel production target for 2022. Steel production cuts at this level may not provide much impetus to the Chinese steel market, as annual steel...