LME scrap volumes up on week, futures remain in contango

Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment from S&P Global Commodity Insights, increased on the week. Weekly LME scrap futures trading volumes in the week to Nov. 14 increased to 199,320 mt, up from 117,340 mt in the week from Nov. 7. Platts assessed spot prices for physical imports…Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment from S&P Global Commodity Insights, increased on the week. Weekly LME scrap futures trading volumes in the week to Nov. 14 increased to 199,320 mt, up from 117,340 mt in the week from Nov. 7. Platts assessed spot prices for physical imports…Read More