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Tin: China returns as a net importer of the metal
Since February 2021, China has shown a trend of exports greater than that of imports, favored by a negative arbitrage of Shanghai prices compared to those of the Lme. In the last period, the arbitrage returned to positive has favored a strong recovery of tin imports,...
Falling copper, zinc and nickel inventories could protect prices from the impact of omicron
Copper, zinc and nickel prices rebounded after Friday's omicron-induced loss, while concerns over global inventories return. While a new round of government restrictions related to the virus would dampen demand, supply could be disrupted and any negative impact on...
Iron ore: prices rise as Chinese steel mills prepare to restock
Iron ore futures in Singapore rose nearly 10% as optimism over a period of restocking by Chinese steel mills added to the tailwinds of the risk-on mood in global markets. Prices rebounded from losses caused by Friday's pandemic along with a rally in all commodities,...
Copper: prices recover some of the losses
Copper prices are recovering after last week's losses fueled by the newly identified variant of the coronavirus, with markets trying to assess its severity and possible impact on economic recovery. The World Health Organization warned that deciding the level of...