Base metal prices on the Shanghai Futures Exchange were all lower during Asian morning trading on Monday, with several factors including easing supply concerns, a stronger dollar and an upcoming United States monetary policy meeting pressuring copper prices in particular.
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|SHFE snapshot at 10:57am Shanghai time
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|LME snapshot at 02:58am London time
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Strong demand from India is continuing to support the cadmium market
, with the price for higher-grade material reaching fresh highs this week, even with the end of the fiscal year approaching, market sources told Metal Bulletin.
The upheaval in the global non-ferrous metals trade is increasingly shifting price drivers
from traditional factors to a landscape where geopolitical influences have more weight on prices, according the Bureau of International Recycling.
A surge in warehousing stocks and freight costs has zinc users in the United States wondering where the market is headed
- and how near-term premiums will be affected.
Secondary aluminium scrap prices in the US generally remain steady
, supported by firm demand and steady supply.
And in case you missed it:
Be sure to check out correspondent Dalton Barker's review of the week in the non-ferrous markets