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Mixed Base Metal Prices on Shanghai Futures Exchange
Nonferrous metal prices on the Shanghai Futures Exchange (SHFE) were mixed in the morning session on Thursday, June 5, with most metals moving moderately, but nickel seeing the biggest decline. As of 10:30 a.m. Shanghai time, the largest traded contracts on the SHFE –...
HDPE Prices Fall in South Asia Amid Weak Demand, Holiday Caution
The HDPE (high-density polyethylene) market was mixed in Asia over the week, with sharp declines in Sri Lanka and Bangladesh, while prices in other regions — including India, China and Southeast Asia — remained flat compared to the previous week. The regional...
Weak Demand, Bearish Sentiment Pressure Asian Rebar, Billet
Asian steel markets showed clear signs of weakness on Tuesday, June 3, both in China rebar and steel billet traded in the Southeast Asia region. A mix of macroeconomic factors, weak end-user demand and widespread bearish sentiment helped push prices lower across the...
Weak Demand, International Pressures Weigh Down Global HRC Market
The European hot rolled coil (HRC) market showed signs of marked weakness on Tuesday, June 3, with customers in both Northern and Southern Europe holding off on finalising deals, citing sluggish demand and expectations of further short-term declines. One trader said:...