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  • Sea freight index at Baltic Exchange up on higher panamax rates

    The main sea freight index at Baltic Exchange for bigger vessels advanced to 739 points on Friday boosted by higher panamax rates.

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  • Chinese refined Copper imports may rise in July

    Despite tighter control over L/C issuance pledged by warehouse warrants, the rising SHFE/LME copper price ratio boosted demand for bills of lading. SMM expects a rise in refined copper imports for July.

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  • German HRC Steel market posts down trend so far in July

    There has been some downward pressure detected in the German hot rolled coil steel market, according to MEPS. A number of service centres have financial difficulties as end-users press for reductions. Consequently, they in turn, are calling for discounts from the mills.

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    #1/#2 HMS 80/20 US$ 360.325/MTZinc Die Cast (Clean) US$ 0.731/Lb14ct Gold Scrap US$ 706.749/OzEnameled Copper Wire US$ 2.632/Lb18ct Gold Scrap US$ 957.936/OzBare Bright (Cu >99%) US$ 3.109/LbInconel 718 US$ 5.461/LbT1 Tool Steel US$ 2.335/LbAlum Rad with Iron US$ 0.487/Lb22ct Gold Scrap US$ 1169.959/Oz
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