Copper Cathodes in Asia and Southeast Asia: Fed Anticipation, High LME Prices, and Limited Supply
The Asian copper cathode sector displayed extreme caution in the days leading up to the US Federal Reserve meeting (September 16-17), with traders and end-users reluctant to take new positions. High prices on the London Metal Exchange (LME), nearing $10,100/t, further...
Shanghai Futures Exchange Metal Prices Decline Amid Fed Rate Cut Expectations and Weak Chinese Data
The morning of Wednesday, September 17, saw a broad-based decline in base metal prices listed on the Shanghai Futures Exchange (SHFE), as traders awaited the US Federal Reserve's interest rate decision later that day. As of 10:30 a.m. in Shanghai, the most traded...
Metal Premiums in Europe and the United States: Changing Dynamics Amid Limited Supply and Weak Demand
The European P1020A primary aluminum market saw a renewed increase in premiums in the week ending September 16, with values rising especially in Rotterdam warehouses. Commodity Evolution estimated the in-whs Rotterdam duty-paid premium at $225-250/t, slightly higher...
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