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Chinese Steel Stocks Rise Despite Output Cuts As October Opens With Weak Demand
China’s major steelmakers reduced pig iron and crude steel production in mid-September, yet their finished-steel inventories rose. Seasonal demand recovered less than expected, leaving producers approaching the October 1–7 National Day holiday with a risk of further...
Shanghai Zinc Premiums Hold Steady As Import Buying Stays Weak And Chinese Exports Rise
Shanghai premiums for imported zinc were unchanged in the week to September 22. Unfavorable import economics continued to restrain purchases of overseas material and limit spot trading. Even the approach of China’s October 1–7 National Day holiday failed to prompt...
Aluminium Billet Premiums Ease In Germany And Italy As Imports Pressure Spain
European 6063 extrusion billet premiums declined in Germany and Italy in the week to Friday September 25. Market participants described weak demand, more ample stocks and customers reluctant to make long-term commitments. Greater import availability is adding pressure...
Indian Rupee: Dollar Inflows Have Not Removed Exchange-Rate Pressure
The Indian rupee remains close to 96 per US dollar despite substantial foreign-currency inflows associated with Reserve Bank of India (RBI) measures. A recent Bank of Baroda analysis places USD/INR in a 94.50–96.00 near-term range, but its upper boundary is...