By Hui Li / July 30, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's offices in Asia, bringing the latest news and pricing stories on Monday July 30.
The majority of base metals prices on the Shanghai Futures Exchange ended the morning trading session on Monday in positive territory, with only copper and lead bucking the general strength.
Check Metal Bulletin's live futures report
here.
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The US Midwest aluminium premium has
clawed its way back to higher ground, although market participants are concerned that another US government move on trade tariffs could potentially derail the correction.
Earnings at Brazilian flat steel and iron ore producer Usiminas
dropped by 30.8% year on year in the second quarter of 2018, on lower steel production volumes and higher expenses.
Optimism is fading in the secondary aluminium scrap market in the United States, with mounting supplies and thin demand leading to
continued erosion in prices.
And in case you missed it, be sure to check out Metal Bulletin's latest
battery raw materials market report.