FUTURES WRAP: Near-term LME scrap backwardation firm, weekly trading volumes rise

Trading volumes for scrap futures contracts on the London Metal Exchange gained in the week to April 13, while the volumes dropped for rebar futures contracts. S&P Global Commodity Insights’ Platts assessed the April contract down $18/mt on week to $619.50/mt on April 13. The May contract fell $20/mt to $610/mt, while the June contract dipped $20.50/mt to $599/mt. The…

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