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SHFE Metals Decline, With Tin Leading Losses Amid Interest Rates And Rising Inventories
Base metals traded on the Shanghai Futures Exchange opened the week in negative territory, penalized by stronger expectations of an increase in US interest rates. Tin recorded the sharpest decline, falling by 2.04%, while also being affected by a seventh consecutive...
Imported Slab Prices Rise In Italy, But Trading Remains Weak
Prices for imported slab destined for the Italian market increased during the past week, supported by more expensive Chinese material and the progressive tightening of offer levels. Trading activity, however, remains limited: buyers are proceeding cautiously, while...
European HRC Steel: Mills Push Prices Higher, But Demand Resists
The European hot-rolled coil market is going through a phase of evident tension between two opposing forces. On one side, producers are trying to transfer higher energy costs and the lower availability of material from some regional suppliers into their price lists....
Asian Aluminium Premiums Stable As Market Focuses On The Fourth Quarter
Asian primary aluminium premiums remained mostly stable during the week, in a market still characterized by weak demand and bearish sentiment. Operators’ attention shifted from spot transactions to quarterly negotiations, which will define supply terms for the final...