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Nickel prices on the London Metal Exchange were down over 2% during morning trading on Monday August 12, undoing last week’s gains.
Base metals prices on the Shanghai Futures Exchange broadly ticked higher during morning trading on Monday August 12 following the retreat in the dollar index over the weekend, although zinc and tin bucked the trend.
Here are five Fastmarkets MB stories you might have missed on Friday August 9 that are worth another look.
After more than a year of facing tariffs on steel imports under Section 232, downstream manufacturers in the United States have begun idling capacity and laying off workers while they tackle higher production costs and reduced market share.
Reduced volumes of Chinese-produced steel have been going into the country’s export markets throughout 2019 so far. So why is it that steel product prices remain under pressure in other global markets?
Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Friday August 9 as the Chinese yuan stabilized, with nickel continuing to push higher amid bullish sentiment.
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