The steel mills in Bangladesh have picked up a raft of containerized scrap cargoes at higher prices over the past week, preferring boxes over bulk cargoes, market participants told Fastmarkets on Thursday June 17.
Import prices for heavy scrap (HS) in China moved down on Friday March 19 amid shipping difficulties and a drop in buying demand, sources told Fastmarkets.
Copper traders are starting to place bets that the metal will hit $12,000 per tonne by December but market makers say bullishly positioned options are dragging the metal’s price higher sooner than that.
Tin market participants say they saw the record-breaking squeeze coming, but in pandemic-time trading, how does it get back to normal?
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