Futures wrap: LME scrap weekly volumes hit 4-month high

摘要

Scrap and rebar futures on the London Metal Exchange saw further losses over the weekto Thursday, as sentiment continued to weaken in the Turkish steel market.Price volatility in physical scrap attracted volume to the bourse, with the weekly scrapfutures contract volumes hitting a four-month high.The trading volume on the LME scrap contract for the week to September 12 stood at190,420 mt. Trading volumes in September have already surpassed this year’s monthlyaverage, fueled by the declining physical market.