LME scrap, rebar volumes dip slightly on week; futures contracts enter slight contango
September 13, 2024 Comments Off
Volumes traded for scrap futures contracts on the London Metal Exchange, which settle on Platts assessment basis, dipped on the week despite a flurry of restocking as physical spot prices stabilized. After a period of upside in early September, spot prices for physical imports of premium heavy melting scrap 1/2 (80:20) stabilized as sources reported balanced market fundamentals in the…
LME scrap, rebar volumes dip slightly on week; futures contracts enter slight contango
Volumes traded for scrap futures contracts on the London Metal Exchange, which settle on Platts assessment basis, dipped on the week despite a flurry of restocking as physical spot prices stabilized. After a period of upside in early September, spot prices for physical imports of premium heavy melting scrap 1/2 (80:20) stabilized as sources reported balanced market fundamentals in the…
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