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Oversupply and unprecedented competition in the global long products market
The global market for long steel products is going through a critical phase. According to the latest report released by IREPAS (International Rebar Exporters and Producers Association), a situation of structural oversupply has been reached. The association stated that...
Primary Aluminum Premiums Diverge Across Regions: U.S. Up, Europe and Brazil Flat, Asia Down
Primary aluminum premiums were mixed across major global markets for the week ending Tuesday, June 10. In the U.S., premiums rose sharply following the Trump administration’s announcement to double aluminum import tariffs. In contrast, Asia saw a broad-based decline...
Base Metal Prices Fall on Shfe, Nickel Leads Downside
Prices of most base metals listed on the Shanghai Futures Exchange (SHFE) fell in the morning session on Thursday, June 12, with nickel falling sharply, reflecting a combination of macroeconomic pressures and market fundamentals. The prices of the most active SHFE...
Trans-Pacific Container Rates Rise Strongly as Peak Season Starts Earlier
Trans-Pacific container rates to the U.S. West Coast doubled in the week ending June 1, hitting $5,488 per forty-foot equivalent unit (FEU), driven by an early peak season and heavy frontloading activity by shippers. The latest data shows rates above $6,000/FEU, with...