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Metals Industry News

LIVE FUTURES REPORT 06/03: LME nickel price holds above $13,600/t; rest of complex in consolidation mode

Base Metals Market - Wed, 03/06/2019 - 11:03
The three-month nickel price trading on the London Metal Exchange continued its upward momentum on Wednesday March 6, while the other base metals prices were mostly lower with continued strength in the dollar index limiting price rallies.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 06/03: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 03/06/2019 - 10:26
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday March 06 *
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premium softens again; weakness filters through to Southeast Asian markets

Base Metals Market - Wed, 03/06/2019 - 09:53
The Shanghai copper premium fell to yet another fresh low in the week ended Tuesday March 5, with high domestic stocks and a steep backwardation in the London Metal Exchange’s cash/three-month spread continuing to pressure the market.
Categories: Metals Industry News

East Asian stainless steel prices resume uptrend on higher offers, nickel gains

Base Metals Market - Wed, 03/06/2019 - 09:35
Import prices for stainless steel in East Asia increased over the past week, as the nickel uptrend prompted steelmakers in the region to raise their offers again.
Categories: Metals Industry News

METALS MORNING VIEW 06/03: Metals prices consolidate as buyers stop chasing prices higher

Base Metals Market - Wed, 03/06/2019 - 09:00
Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Wednesday March 6. With the exception of aluminium that was little changed, the rest of the complex were down between 0.2% for nickel and tin and 0.9% for zinc.
Categories: Metals Industry News

NEWSBREAK: Two Q2 MJP aluminium deals done at $105/t

Base Metals Market - Wed, 03/06/2019 - 08:15
A Japanese consumer has concluded deals with two major aluminium producers for April-June delivery to main Japanese ports (MJP) at a premium of $105 per tonne cif over the London Metal Exchange cash price, the consumer confirmed to Fastmarkets on Wednesday March 6.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: European premiums boosted by sustained contango; first Q2 MJP offers heard at $109-112/t

Base Metals Market - Wed, 03/06/2019 - 06:25
Aluminium premiums in Europe ticked higher in the week ended Tuesday March 5, finding support from sustained contangoes in London Metal Exchange forward price spreads. The spot premium in Japan was similarly up on a weekly basis with the first premium offers for aluminium supply to the country in the second quarter coming in well above first-quarter levels.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/03: SHFE base metals prices broadly consolidate after recent weakness

Base Metals Market - Wed, 03/06/2019 - 04:54
Base metals prices on the Shanghai Futures Exchange were mostly little changed during morning trading on Wednesday March 6, with the complex in consolidation mode after weakness on Tuesday.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from March 5

Base Metals Market - Wed, 03/06/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday March 5 that are worth another look.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 05/03

Base Metals Market - Tue, 03/05/2019 - 20:00
A summary of base metals premiums from across the globe for the week to Tuesday March 5.
Categories: Metals Industry News

US copper market braces for influx of Chinese cathode

Base Metals Market - Tue, 03/05/2019 - 19:57
The US spot copper premium, which has held at a four-year high since July 2018, could come under pressure from an anticipated influx of Chinese material, market participants told Fastmarkets AMM.
Categories: Metals Industry News

Codelco's Chuquicamata copper smelter restart faces further delays

Base Metals Market - Tue, 03/05/2019 - 18:37
Codelco faces further delays in bringing back refined copper smelting at its Chuquicamata plant, which is now expected to resume operations in mid-April, company sources told Fastmarkets on Tuesday March 5.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/03: Strong volumes bolster LME Ni on 2.8% climb; Cu, Zn recover losses

Base Metals Market - Tue, 03/05/2019 - 17:45
Nickel’s three-month price on the London Metal Exchange was up by just under 3% at the close of trading on Tuesday March 5, with bullish sentiment emerging from robust fundamentals, while trade optimism continues to boost risk-appetite amid broad strength in the US dollar index.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/03: Trade talks boosting US copper market

Base Metals Market - Tue, 03/05/2019 - 16:19
The price of copper on the Comex exchange in the United States bounced back in morning trading on Tuesday March 5, with continued optimism about the outcome of international trade talks.
Categories: Metals Industry News

INTERVIEW: Increased Asian nickel demand to coincide with advent of new Russian mine – Amur Minerals

Base Metals Market - Tue, 03/05/2019 - 14:50
Nickel demand is set to outstrip supply as soon as 2023, Amur Minerals chief executive officer Robin Young told Fastmarkets in an interview on Wednesday February 27.
Categories: Metals Industry News

PEOPLE MOVES: Traxys hires Julián Gonzalez to trade zinc, lead concentrates

Base Metals Market - Tue, 03/05/2019 - 14:40
Base metals trading firm Traxys has hired Julián Gonzalez to trade zinc and lead concentrates, sources confirmed to Fastmarkets.
Categories: Metals Industry News

PEOPLE MOVES: Aluminium trader Kenneth Rafkin leaves ECTP

Base Metals Market - Tue, 03/05/2019 - 14:23
Physical aluminium trader Kenneth Rafkin has left trading house Engelhart Commodities Trading Partners (ECTP), he told Fastmarkets.
Categories: Metals Industry News

FREE WEB SEMINAR: Introducing the new Fastmarkets LME alumina, aluminium premium contracts

Base Metals Market - Tue, 03/05/2019 - 13:43
Fastmarkets will host a free web seminar on Monday March 18 at 10am London time, to introduce the new Fastmarkets-settled London Metal Exchange cash-settled alumina and aluminium premiums contracts.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/03: LME nickel up 1.7% in uptrend; Al price unmoved by fresh cancelation

Base Metals Market - Tue, 03/05/2019 - 10:45
Nickel’s three-month price on the London Metal Exchange continued its uptrend during morning trading on Tuesday March 5, nearing $13,500 per tonne amid strong demand while the rest of the complex trails marginally higher.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 05/03: Copper, aluminium, zinc, nickel

Base Metals Market - Tue, 03/05/2019 - 10:40
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 5*
Categories: Metals Industry News

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