Quotes from the news wire:
You've got this big China pull, really extreme China tightness at the moment, but there's a very big quality deferential between the metal that's attracted into China and most of the metal that's left on the LME.
Found on Reuters 5 years ago
Seeing those stock cancellations reverse is a sign that the pull from China (for metal) seems to be letting up, we're hearing that primary smelters (in China) are increasing utilisation rates and tightness in China is being relieved by whatever slack there is outside in the regional market.
Found on Reuters 6 years ago
It does seem somewhat artificial, however, since the physical premiums do not suggest that conditions have changed. I suspect the market is getting wind of this, leading to a bit of a reversal today.
Found on Reuters 6 years ago
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