EUROPEAN MORNING BRIEF 16/07: Protectionism to hit metals demand; Cu conc TC/RCs jump to 10-month high; Cu suffers heavy losses in trade spat

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Monday July 16.

With the exception of nickel and aluminum, base metals prices on the Shanghai Futures Exchange staged a modest recovery during Asian morning trading on Monday, with the market continuing to adjust to trade tensions between China and the United States.

Check Metal Bulletin’s live futures report here.



Living standards in emerging economies will deteriorate more than in developed countries under a landscape of rising import tariffs, according to the Organisation for Economic Co-operation and Development (OECD), and this will have implications for demand growth across metal commodities.

Copper concentrate treatment and refining charges (TCs/RCs) rose to ten-month highs in mid-July when miners began to sell tonnages at higher prices and smelters consolidated their purchasing with terms around $90 per tonne/$0.09 per lb.

The escalating China-US trade tensions and China supply-side reforms were in the spotlight at the Base Metals Forum held by Citic Securities this week in Wuxi, Jiangsu province.

Correspondent Dalton Barker recaps the week in the non-ferrous markets.

What to read next
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
Fastmarkets proposes to discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.
Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.
A drive by electric vehicle (EV) manufacturers to improve the affordability of their cars may upend an expectation by some market observers that future EV dominance of automotive production will sharply reduce demand for special bar quality (SBQ) steel
The publication of Fastmarkets’ US rebar prices took place earlier than scheduled on Wednesday March 22 due to a reviewer error.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.