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Metals Industry News

SHFE STOCKS REPORT 24/05: Nickel inventories up marginally amid muted demand, other metals post declines

Base Metals Market - Fri, 05/24/2019 - 10:25
Deliverable nickel stocks in Shanghai Futures Exchange-approved warehouses edged up by 3.1% week on week on Friday May 24 amid weakened demand for the metal, while inventories of the other base metals all declined.
Categories: Metals Industry News

MORNING VIEW: LME base metals steady themselves after recent weakness stemming from trade war, disappointing PMI data

Base Metals Market - Fri, 05/24/2019 - 09:10
A broad base of markets have steadied themselves this morning, Friday May 24, following the risk-off that unfolded over Wednesday and Thursday and was driven by deteriorating US-China trade relations and further weakness in flash purchasing managers’ index (PMI) data.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: Softer dollar provides some relief for SHFE base metals; Cu up 0.7%

Base Metals Market - Fri, 05/24/2019 - 05:12
Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Friday May 24, with a softening in the dollar overnight providing much-needed relief to the complex.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/05: LME Al bucks trend in lackluster London trading; zinc near $2,500/t

Base Metals Market - Thu, 05/23/2019 - 17:45
Aluminium’s three-month price on the London Metal Exchange was the only metal to trade in positive territory at the close of trading on Thursday April 23, climbing by just under 1% to near $1,800 per tonne.
Categories: Metals Industry News

FASTMARKETS MB DAILY PDFs

Base Metals Market - Thu, 05/23/2019 - 16:59
Daily PDFs will be downloadable until Monday May 27. After that, because of the UK’s Spring bank holiday, the next daily PDF will be downloadable on Wednesday May 29.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/05: Trade woes pressure LME base metals prices lower; zinc falls 1.3%

Base Metals Market - Thu, 05/23/2019 - 10:33
Base metals prices on the London Metal Exchange were lower during morning trading on Thursday May 23, with continued trade friction between the United States and China fueling risk-off sentiment while tight nearby spreads failed to attract fresh inflows.
Categories: Metals Industry News

ElvalHalcor's Q1 profit dips 6% on weak aluminium prices

Base Metals Market - Thu, 05/23/2019 - 09:48
Greek aluminium and copper producer ElvalHalcor reported a dip in profits for the first quarter of 2019 due to weak aluminium prices, according to a trading update published on Wednesday May 22.
Categories: Metals Industry News

Energy storage to boost copper demand by 2.3mln tpy over next decade, analyst says

Base Metals Market - Thu, 05/23/2019 - 02:33
Energy storage in mobility and stationary storage applications will increase annual copper demand by 2.3 million tonnes by 2029, according to an analyst at research and consulting firm IDTechEx.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 22

Base Metals Market - Thu, 05/23/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday May 22 that are worth another look.
Categories: Metals Industry News

BETTING ON BLOCKCHAIN: Commodities consortium plans launch of inventory management platform

Base Metals Market - Wed, 05/22/2019 - 20:00
A consortium of commodities companies and financial institutions is planning to launch an inventory management system focused on the use of blockchain and other digital methods to manage the post-trade processing of transactions for metal commodities.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 22/05

Base Metals Market - Wed, 05/22/2019 - 19:12
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 22.
Categories: Metals Industry News

FOCUS: KCM liquidation order - what is at stake, what will happen to Zambian copper industry?

Base Metals Market - Wed, 05/22/2019 - 18:50
The liquidation order issued by the government of Zambia, that would allow it to take control of the copper-producing assets held in the African country by global metals producer Vedanta, has sent shockwaves through the global industry.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/05: LME copper price dips below $6,000/t amid trade uncertainties, robust dollar

Base Metals Market - Wed, 05/22/2019 - 17:54
The three-month copper’s price on the London Metal Exchange fell by 1.3% at the close of trading on Wednesday May 22, with price pressure emerging from resurging trade tensions between the United States and China, while dollar strength is limiting commodity investment.
Categories: Metals Industry News

US-China trade dispute key driver of copper price direction, ED&F Man exec says

Base Metals Market - Wed, 05/22/2019 - 17:23
Copper’s fundamentals mean prices should be higher but much depends on the outcome of the US-China trade dispute, according to an executive at ED&F Man Capital Markets.
Categories: Metals Industry News

GLOBAL TIN WRAP: Global premiums flat on tighter nearby spreads, weakening demand

Base Metals Market - Wed, 05/22/2019 - 17:04
Global tin premiums were unchanged in all regions we follow in the week ended Tuesday May 21, with a large backwardation in the London Metal Exchange forward spreads limiting spot business in Asian, European and North American markets.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: European Zn premium recovers from historic lows, US lead demand softens

Base Metals Market - Wed, 05/22/2019 - 16:40
Spot premiums for special high-grade (SHG) zinc ingots recovered slightly in Europe after falling to historical lows last week, though an extreme backwardation on the London Metal Exchange cash/three-month spread persists.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: US, EU briquettes diverge; Chinese premiums stable on closed import window

Base Metals Market - Wed, 05/22/2019 - 15:00
The United States and European nickel briquette premiums diverged in the week to Tuesday May 22 on tariff uncertainty and shipping issues, while Chinese premiums traded flat across the board amid a lack of arbitrage profit possibility on a closed trade window.
Categories: Metals Industry News

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