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European Copper, Premiums Decline: Fewer Outlets To The United States And More Metal On The Market
The European copper cathode market is losing support, squeezed between weak spot demand and increasing metal availability. In the assessments on Tuesday September 15, physical premiums declined across several locations, affected by uncertainty over US tariffs and the...
Italian Steel Rebar, Price Increases Take Hold But Demand Remains The Weak Point
Rebar price increases announced in recent weeks are entering Italian transactions, despite weak consumption and limited sales volumes. Higher energy and logistics costs and producers’ firm offers are the main factors supporting the new levels. According to indications...
Asian Zinc, Premiums Steady And Demand Weak: Arbitrage Restrains Chinese Imports, Southeast Asia Remains Well Supplied
The traditionally strongest consumption season has yet to revive zinc buying in China. In the week ended Tuesday September 15, Shanghai premiums remained unchanged, while import demand continued to suffer from deeply negative arbitrage conditions. Assessments also...
Zinc, Italian Premiums Under Pressure: The LME Decline Revives Buying, Backwardation Encourages Sales
Buyers are returning to Europe’s zinc spot market, but increased activity is not supporting all physical premiums. In the assessment concluded Tuesday September 15, Italian ranges widened downward, while Rotterdam and Antwerp maintained unchanged levels. Two...