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SHFE Base Metals Diverge as Nickel Falls Despite Indonesian Supply Risks
Base metals traded in different directions on the Shanghai Futures Exchange (SHFE) on Tuesday morning, September 29. At 10:30am Shanghai time, four of the six most-traded contracts were higher than Monday’s close. Nickel posted the largest decline, down 0.83%:...
Japan’s Aluminium Offer Falls to $280/Tonne as MJP Talks Continue
Negotiations over the premium for aluminium delivered to Japan’s main ports in the fourth quarter have yet to produce an agreed level. A producer has cut its offer to $280 per tonne from an initial $310 per tonne. The $30-per-tonne, or 9.7%, reduction shows how...
Hot-Rolled Coil Prices Edge Up, but Buyers Resist Higher Offers
Domestic hot-rolled coil prices rose slightly in Northern Europe and Italy on September 24, although no new transactions were reported that day. Mills continued to seek higher prices, while buyers delayed purchases in the hope of securing better terms. The movement in...
Asian Aluminium Premiums Hold Steady as Spot Trading Remains Thin
Primary aluminium premiums across Asia were largely stable in the week to September 24. Those steady assessments came with little spot trading: regional holidays slowed activity, while market participants focused on fourth-quarter contract negotiations. Sentiment...