Volumes traded for both scrap and rebar futures on the London Metal Exchange saw an uptick week over week as market participants resumed activity post the new year holidays, leading to an increase in physical trading in the spot market.
LME CFR Turkey scrap futures trading volumes have risen in recent years, with approximately 12.27 million mt traded in 2024, sharply higher from 8.08 million mt in 2023.
Volumes traded, which settle on Platts assessment basis, also increased week over week.
LME scrap futures trading volumes increased to 129,770 mt in the week to Jan. 9, up from 70,110 mt in the week to Jan. 2.
Platts assessed spot prices for physical imports of premium heavy melting scrap 1/2 (80:20) at $343/mt CFR Jan. 9, lower by $3/mt week over week, amid increasing buy-side pressure and a lack of urgency from Turkish mills to secure scrap cargoes.
Get More Info : Crewing Assistance
Website : https://seajob.net/
Contact Us : Sailors Today
No comments:
Post a Comment