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The Guangzhou Futures Exchange (GFEX) has set a daily position limit of 3,000 lots for non-futures firms and individuals on its September lithium carbonate futures contract, effective July 28. The move aims to address sharp price spikes and market volatility, even as oversupply persists.
US export controls on recycled copper would have unintended consequences that could weaken the country’s domestic recycling and manufacturing ecosystems, the president of the Recycled Materials Association (ReMA) said.
Fastmarkets’ SBQ price assessments and monthly forecast provide much-needed clarity and a benchmark for buyers in the steel industry to use for planning and negotiation.
Chinese corn import activity continued to be sluggish in June, dropping to 156,445 tonnes, down by 32,000 tonnes, 17%, from 188,542 tonnes in May, according to the latest data from the country’s General Administration of Customs (GACC).
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