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Palm oil: closes at nearly two-week highs on weather concerns
Malaysian palm oil futures rose Thursday for the sixth time and closed at their highest in nearly two weeks, buoyed by wet weather concerns and a rally in crude oil prices. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives...
Tin: Alphamin withstands falling prices
Alphamin achieved a strong profit margin in the third quarter of 2022 despite falling tin prices and slightly lower production. In the third quarter of 2022, Alphamin produced about 3,139 tons of tin concentrate from its Mpama North mine. The company processed the...
HRC steel: prices in EU fall due to low demand
Domestic hot-rolled coil prices in Europe fell Oct. 6 due to weak demand and attempts by steel mills to generate orders with discounts. Hot-rolled coils in Northwest Europe stood at 750 euro/mt on Oct. 6, down 9 euros/mt from the previous day (759 euro/mt). It is...
Aluminum: premiums for physical delivery down
After a substantial decline throughout September, aluminum prices this month appear strong compared to those of other metals. Aluminum prices bottomed out in late September, but rebounded in the first week of October. Should prices continue to break the upward range,...