The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price
, the exchange said on November 13.
Low demand for long steel products such as rebar was at the root of the problems facing the steel industry
, according to the International Rebar Producers & Exporters Association (Irepas).
Shanghai copper cathode premiums continued to soften
in the week ended Tuesday November 12 as a result of low buying interest and a poor import arbitrage, while rates in Europe and the United States were unchanged week on week.
Prices for seaborne low-grade and high-grade manganese ore
were on divergent paths in the week ended Friday November 8, with the former continuing to trend downward on persistently weak market sentiment while the latter experienced a slight rebound following a number of large-volume deals.
A cutback in chrome ore production
is needed to rebalance the surplus affecting the ferro-chrome supply chain, delegates claimed at this week’s ICDA Chromium 2019 conference in New Delhi, India.