TITANIUM SNAPSHOT: Profit-taking cuts alloy market, scrap down

May 30, 2019 / www.metalbulletin.com / Article Link

Key data from the Wednesday May 29 pricing session in Europe.

Key drivers - The European ferro-titanium price moved down week on week, dropping on profit-taking after six weeks of stability.- Some sources reckon supply worries on production cuts should support prices at the $5-per-kg level in the near term, although others reported prices below that point for third-quarter deliveries. One dealer reported buying 150 tonnes of alloy for shipment in June and July for $4.80 per kg.- Scrap markets have...

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