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Hot-rolled coil prices in the United States have crossed the $30-per-hundredweight threshold for the first time in more than six months.
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Factors including an improving oil price and increased demand will support a recovery in the cif China bauxite price in the second half of this year but market participants should keep a close eye on the effect of a weakening domestic alumina price, Fastmarkets aluminium analyst Yang Cao said on Monday September 21.
Three-month base metals prices on the London Metal Exchange were broadly up during the morning trading session on Tuesday September 22, ignoring the downtrend in US equity markets, which the metals have been prone to following of late.
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