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NPI Under Pressure In China, But Port Inventories Curb The Decline
The Chinese nickel pig iron (NPI) market lost momentum in the week ending Friday August 14, dragged down by weakness in nickel and stainless-steel futures. Demand from end users remained subdued and the decline in stainless-steel prices reduced mills’ willingness to...
HRC Steel, The Global Market Moves At Three Speeds Between US Records And New Trade Routes
The global hot-rolled coil market is moving at three different speeds. In the United States, the Midwest HRC price has reached $1,200 per short ton, its highest level in more than four years, supported by declining inventories and extremely limited spot availability....
Aluminium In Brazil, P1020A Premiums Widen Upward In São Paulo
Premiums for P1020A aluminium delivered in the São Paulo region widened upward in the two weeks ending Tuesday August 18. Demand remained stable in the first half of the month, but some transactions concluded for smaller volumes reached higher levels, pushing up the...
SHFE Metals Fall, Zinc Leads Losses Amid Weak Demand And Supply Constraints
All the main base metals opened lower on the Shanghai Futures Exchange on Wednesday August 19, with zinc at the bottom of the ranking and tin not far behind. Pressure is coming from weak Chinese economic indicators, particularly the property sector, but the zinc...