LME scrap volumes increase on week; futures contracts in contango

Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment, increased week on week. Weekly LME scrap futures trading volumes in the week to Oct. 31 increased slightly to 281,910 mt, up from 218,830 mt in the week to Oct. 24. Platts assessed spot prices for physical imports of premium heavy melting…Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment, increased week on week. Weekly LME scrap futures trading volumes in the week to Oct. 31 increased slightly to 281,910 mt, up from 218,830 mt in the week to Oct. 24. Platts assessed spot prices for physical imports of premium heavy melting…Read More