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Shanghai Futures Exchange: Base Metals Rise Slightly, But Nickel Falls on Surplus Supply and Weak Demand
Base metal prices on the Shanghai Futures Exchange (SHFE) showed mixed trends on the morning of Friday, October 10, with most contracts slightly higher, except for aluminum and nickel, which recorded moderate declines. Price Trends at 10:30 AM (Shanghai Time) Copper...
Aluminum Premiums Steady in Asia as Fourth-Quarter MJP Negotiations Continue
In the Asian P1020A aluminum market, premiums remained unchanged in the week ending Wednesday, October 8, amid thin trading and anticipation of the fourth-quarter MJP (Main Japanese Port) premium. According to Commodity Evolution, the spot MJP premium cif Japan...
Chinese Steel: Slight Recovery for Plate and Coil, but Rebar Market Remains Weak After Golden Week
The Chinese steel market reopened on Thursday, October 9th, after Golden Week (October 1–8th), with a cautious recovery, marked by higher forward prices and a general increase in raw materials, but also by still-weak physical trade and rising inventory levels....
Steel Rebar: The Italian Market Tries to Halt the Price Decline
After weeks of progressive decline, the Italian steel rebar market appears to be in a delicate transition phase, balancing between producers' desire to reverse the downward trend and lingering customer skepticism. Since the end of last week, at least one domestic...