Metal Bulletin’s quotation dropped to $5.95-6.10 per kg, down from $6-6.10 on Wednesday, slipping below $6 on the low end for the first time since May this year.
“Prices are drifting a little bit. We’ve done some [under $6],” a producer said.
“There’s not much business, but now we’re a bit long, and we don’t want to get too long. There’s just no momentum,” he added.
Prices have been broadly stagnant...