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Nickel Pig Iron In China Under Pressure: Weak Stainless Demand, Lower Ore And Indonesia Uncertainty Restrain The Market
The Chinese nickel pig iron, or NPI, market recorded a slight weakening in the week ended May 29, affected by a combination of bearish factors: weak final demand in the steel segment, falling nickel ore costs, thin spot liquidity and growing prudence linked to...
US Tariffs On Brazil: Section 301 Opens A New Phase Of Uncertainty For Exports, Agribusiness, Metals And Machinery
The trade relationship between the United States and Brazil enters a new phase of uncertainty. The US administration concluded its investigation against Brazil under Section 301, proposing a 25% tariff on part of Brazilian imports, but accompanying the measure with a...
SHFE Metals Mixed: Nickel Leads Declines Amid Weak Demand, Elevated Stocks And Indonesia Risks
Base metals listed on the Shanghai Futures Exchange showed a mixed trend in the morning of Wednesday June 3, moving within a relatively contained range, below 1%. The market therefore opened the day without a single direction, with some contracts supported by...
UK Aluminium Scrap Higher Again: Strong LME, Reduced Stocks And Replacement Costs Push The Secondary Market
The British market for aluminium scrap and secondary ingots recorded a new strengthening in the week to Wednesday May 27, supported by a sharply higher London Metal Exchange cash aluminium price and by still extremely limited scrap availability. The picture remains...