EUROPEAN MORNING BRIEF 28/05: US Ali scrap prices largely hold their ground; UG2 chrome ore, charge chrome into China indices make strong gains; European selenium down over 6%

Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Monday May 28.

May 28, 2018

By Anna Xu

Zinc prices rose on the SHFE today, driven by falling inventories.

Check Metal Bulletin’s live futures report here.

SHFE snapshot at 11:14 am Shanghai time
Most-traded SHFE contracts
	Price (yuan per tonne)	Change since previous session’s close (yuan)
Copper (June)	51,480	-10
Aluminium (June)	14,825	0
Zinc (June)	23,885	195
Lead (June)	19,865	-130
Tin (Sept)	149,830	3,290
Nickel (July)	110,310	430

Changjiang spot snapshot on May 28 2018
	Range (yuan per tonne)	Change (yuan)
Copper	51,210-51,250	-150
Aluminium	14,650-14,690	-10
Zinc	24,150-25,150	250
Lead	20,250-20,450	-150
Tin	145,500-148,000	1,250
Nickel	110,000-110,100	-1,300

Aluminium scrap markets are holding a steady course in the United States, although a few grades are showing signs of softness due to increased availability of material.

UG2 chrome ore, charge chrome into China indices make strong gains.

An overview of the minor metals markets and the reasons for any price moves.

Most global billet prices edged down last week, amid lower scrap prices and weaker market activity due to the month-long Ramadan religious observation in Islamic countries.