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Metals Industry News

LIVE FUTURES REPORT 11/02: LME zinc price falls 2.2% on dollar surge; Cu loses momentum despite 14,000t fresh cancelation

Base Metals Market - Mon, 02/11/2019 - 18:00
Zinc’s three-month price on the London Metal Exchange fell at the close of trading on Monday February 11, hampered by broad strength in the dollar index while low LME inventories failed to limit downward price action.
Categories: Metals Industry News

LME trading volumes, revenues under threat in UK-EU row over VAT

Base Metals Market - Mon, 02/11/2019 - 16:20
The London Metal Exchange could face a significant financial challenge if the EU wins a legal battle with the British government over tax breaks on commodity derivatives trading.
Categories: Metals Industry News

Aluminium queue exceeds 100 days at Istim LME warehouses in Port Klang

Base Metals Market - Mon, 02/11/2019 - 14:20
A 118-day queue for aluminium has developed at warehouses in Port Klang operated by Istim, following a series of cancelations on the London Metal Exchange last month, according to LME data released on Monday February 11.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/02: Comex copper price slips on strong dollar

Base Metals Market - Mon, 02/11/2019 - 14:00
The price of copper in the United States began the week trading in negative territory, with a strong dollar and a lack of news about the US-China trade talks weighing on the base metals complex.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/02: Selling pressure continues for LME base metals; zinc price sinks 2%

Base Metals Market - Mon, 02/11/2019 - 10:44
Base metals prices on the London Metal Exchange were predominantly lower during morning trading on Monday February 11, with nickel the only metal to trade in positive territory, while continued strength in the dollar index fuels selling momentum.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 11/02: Copper, aluminium, zinc, nickel

Base Metals Market - Mon, 02/11/2019 - 09:45
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday February 11*
Categories: Metals Industry News

METALS MORNING VIEW 11/02: Metals prices pull back as Chinese participants return after Lunar New Year holiday

Base Metals Market - Mon, 02/11/2019 - 09:00
China’s return to the market after a week-long break for Lunar New Year has not brought with it a rush to restock and that has led to some disappointed selling across the base metals traded on the London Metal Exchange, with the complex down by an average of 0.9% this morning, Monday February 11.
Categories: Metals Industry News

METALS MORNING VIEW 11/02: Metals prices pullback as Chinese participants return after Lunar New Year holiday

Base Metals Market - Mon, 02/11/2019 - 09:00
China’s return to the market after a week-long break for Lunar New Year has not brought with it a rush to restock and that has led to some disappointed selling across the base metals traded on the London Metal Exchange, with the complex down by an average of 0.9% this morning, Monday February 11.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/02: SHFE nickel prices climb to four-month high on iron ore futures rally; other base metals mixed

Base Metals Market - Mon, 02/11/2019 - 05:07
Nickel prices on the Shanghai Futures Exchange surged to a four-month high on Monday February 11 following a rally in iron ore futures on the first trading day after China’s break for the Lunar New Year.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 8

Base Metals Market - Mon, 02/11/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.
Categories: Metals Industry News

ALUMINIUM FOUNDRY WRAP: European premiums dive after removal of Rusal sanctions; US premium steady

Base Metals Market - Fri, 02/08/2019 - 22:34
Aluminium foundry premiums in Europe were under pressure this month from weak demand and the removal of US sanctions against Russian producer UC Rusal, but the premium in the United States remained firm.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/02: LME base metals close negatively despite midweek surge; tin buoyed above $21k/t

Base Metals Market - Fri, 02/08/2019 - 17:50
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday February 8, hampered by low liquidity conditions due to Lunar New Year national holidays while dollar strength and broad risk-aversion continues to limit commodity investment.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 08/02: Cobalt slides on continued availability, competition for sales

Base Metals Market - Fri, 02/08/2019 - 17:32
An overview of the battery raw materials markets and their price moves from the past week.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/02: Comex copper price dips amid low traded volumes

Base Metals Market - Fri, 02/08/2019 - 15:44
The Comex copper price softened during US morning trading on Friday February 8 with trading volumes reduced due to Lunar New Year.
Categories: Metals Industry News

Rusal Q4 profits hit by US sanctions but aluminium production stable

Base Metals Market - Fri, 02/08/2019 - 14:23
Aluminium producer UC Rusal’s profits from aluminium sales in the fourth quarter of 2018 were down by 16% year on year because the company was operating under trading sanctions imposed by the United States, according to an earnings statement published on Friday February 8.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/02: LME nickel price drifts 1.6% lower; outflows fail to stem zinc, lead price falls

Base Metals Market - Fri, 02/08/2019 - 10:46
Nickel’s three-month price on the London Metal Exchange continued to trend lower during morning trading on Friday February 8, with the metal’s midweek surge largely attributed to a sharp rise in iron ore prices while consumer demand remains hampered by a dearth in Chinese stainless steel production.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 7

Base Metals Market - Fri, 02/08/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Thursday February 7 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/02: LME base metals prices drift lower in quiet trading; Al below $1,900 per tonne

Base Metals Market - Thu, 02/07/2019 - 18:20
Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Thursday February 7, with low volumes and limited buying interest due to the Lunar New Year public holiday in China, while the strength of the US dollar deterred investment.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/02: Comex copper price gains for third consecutive session but gold dips

Base Metals Market - Thu, 02/07/2019 - 16:06
Comex copper prices rallied for the third straight session on Thursday February 7 with the market growing more optimistic on the red metal's prospects through the first quarter.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/02: Comex copper price gains for third consecutive session

Base Metals Market - Thu, 02/07/2019 - 16:06
Comex copper prices rallied for the third straight session on Thursday February 7 with the market growing more optimistic on the red metal's prospects through the first quarter.
Categories: Metals Industry News

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