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Stainless Steel Prices Rise in Asia, Driven by Nickel, but Cautious About the Future
Stainless steel prices in Asia rose sharply in the week ending Wednesday, December 24, driven by a surge in nickel futures. The upward movement, however, has not allayed market uncertainty: there remains a widespread cautious attitude among operators regarding the...
Steel Scrap in Turkey: Mills Build Up Inventories Ahead of Year End Amid Tight Supply and Solid Prices
Turkish steel mills stepped up purchases of deep-sea steel scrap in the final weeks of the year, taking advantage of the last supply windows before the holiday break. This rush on inventories helped keep prices at sustained levels, despite expectations of a possible...
Chinese Zinc Concentrate Imports: All-Time Record Amid Winter Inventories and Negative Arbitrage
In November, China recorded a new all-time high in zinc concentrate imports, confirming the country's central role in the global metal market. According to the latest data released by the General Administration of Customs (GACC), incoming volumes reached unprecedented...
Base Metals at SHFE: Bearish Pressure Amid Speculative Cooling and Mixed Signals from Fundamentals
The morning session on Wednesday, December 30, at the Shanghai Futures Exchange (SHFE) opened on a cautious note. Most base metals posted declines, reflecting a gradual easing of speculative sentiment among market participants after recent bouts of volatility. At...