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UK secondary aluminium producers may find themselves having to accept cheaper prices when they negotiate their second-quarter supply deals after the euro continued to weaken against the sterling since the start of the year.
EU secondary aluminium ingot prices rose on supply tightness on Friday February 13, with some consumers trying to book material further ahead than usual to beat the scarcity.
China’s scrap copper imports dropped by 11.38% on an annual basis in 2014 on tight global supply, narrowed discounts amid underperforming copper prices, and sufficient supply in concentrates.
China’s imports of steelmaking raw materials were mixed in December, with iron ore volumes hitting a new high during the month, while shipments of coking coal and ferrous scrap both fell compared with year-earlier levels.
Less lead will be available in the spot market in 2015, as producers have sold more on long-term contracts and battery scrap tightness continues to threaten secondary supply, sources told Metal Bulletin.
WEEK IN BRIEF: Copper in Shanghai; US senate hearing; recycled aluminium; boost for Chinese ferro-chrome
It was another busy week in Metal Bulletin’s offices across the globe, as conferences got under way in Shanghai and Berlin, while a senate hearing in the USA brought banks in commodities back into the spotlight.
NEW WEBSITE FEATURE: Premium subscribers can now get MB Company Data
Metal Bulletin is pleased to announce the latest addition to our ever-expanding portfolio, MB Company Data.
ASIAN MORNING BRIEF: Key news and price moves on Tuesday November 11
Key news and price moves to start the day in Asia.
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