EUROPEAN MORNING BRIEF 28/12: Soft dollar supports most SHFE base metals; Chinese antimony market weakens; Zhuzhou Smelter starts new project trial production
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Friday December 28.
Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday, with weakness in the dollar buoying most of the complex.
Check Fastmarkets MB’s live futures report here.
The Chinese antimony market showed signs of softening in the week ended December 26 after some domestic suppliers began to cut their offer prices in an attempt to entice buyers to do business and generate cash before the end of the year.
Feeding and trial production at Zhuzhou Smelter’s new zinc project located in Shuikoushan, Hunan province started on December 26, Fastmarkets MB learned.
The domestic rebar price in Turkey has continued to weaken in line with poor demand, sources said on December 27.
The Turkish deep-sea scrap import market remained mostly quiet on December 27 due to the holiday period being observed in most regions.