Loading
Foundry Aluminium In Europe: Premiums Widen Downward
The European market for primary foundry alloy (PFA) silicon 7 ingots shows two different signals in the same assessment. Material available for spot delivery remains limited and sellers continue to defend high premiums. Some buyers, however, are unwilling to accept...
Turkish Scrap Above $400/T: The Rally Stalls Against Rebar
Ferrous scrap imported into Turkey ended the fourth week of September at around $403 per tonne CFR for the benchmark HMS 1/2 80:20 grade. That is $13 above the $390/t recorded on September 11 and $28 above the $375/t seen at the end of August. After the rapid rise,...
Metals Fall In Shanghai On Reopening: Nickel Leads Losses
All six major base-metals contracts examined on the Shanghai Futures Exchange (SHFE) were down at 10:30am on Monday September 28. Nickel recorded the largest loss, followed by tin and zinc. The Chinese market was returning to trading after the Mid-Autumn Festival...
Secondary Aluminium In The United Kingdom: LM24 Resists The LME Decline
The price of UK LM24 secondary aluminium ingots held steady this week despite a decline in aluminium on the London Metal Exchange (LME). Weak domestic demand and difficulties in some export markets are putting pressure on negotiations. On the other side, limited...