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Stainless Steel in China: Domestic Prices Fall Amid Reduced Liquidity And Holiday Pause
Domestic stainless steel prices in China recorded a decline in the week ended Wednesday February 11, reflecting a climate of contracting liquidity and reduced transaction activity. With the approach of the Lunar New Year, the country’s main trading hubs — such as Wuxi...
Brazilian Aluminum: Billet Premium Stable In A Market Searching For Direction
The premium for aluminium billets delivered to São Paulo remained stable over the two weeks to Tuesday February 10, in a context characterized by slowed activity and growing uncertainty over short-term prospects. The assessment for the 6063 & 6060 extrusion billet...
Nickel Extends Rally After Indonesian Tightening
Nickel prices recorded a fourth consecutive session of gains, supported by Indonesia’s decision to impose a drastic production cut at the world’s largest nickel mine. On the London Metal Exchange, nickel rose 3% at the end of February 11, closing at $17,965/ton, after...
Black Mass: Slightly Higher Payables Amid Tight Supply And Holiday Pause
Asian black mass markets recorded slight increases in payables in the week ended Wednesday February 11, supported by persistent tightness in supply. However, the overall picture remained marked by caution. With the approach of the Lunar New Year, a central holiday in...