Sign up here to receive our free weekly newsletter
Shanghai Futures Exchange (SHFE) copper regained some lost ground on Wednesday March 4 after a stronger HSBC PMI number, but upside momentum remained capped on demand concerns.
Good morning from Metal Bulletin’s Asian offices. Here is a summary of news to start your day…
Copper premiums in Shanghai inched higher after market participants returned from the Chinese New Year holiday, although the depreciation of the Chinese yuan means buying activity has yet to recover.
London Metal Exchange copper prices were rangebound during Asian morning trading on Wednesday 4 March, as the market awaits key US and Chinese data.
Key news and price moves to get you ahead during the Asian morning on Wednesday March 4.
Hong Kong SFC wins court ruling to wind up China Metal Recycling
Hong Kong’s Securities and Futures Commission (SFC) won a landmark lawsuit on Thursday February 26 to wind up China Metal Recycling (Holdings) Ltd, in a legal outcome that bolsters the power the regulator has on overseas companies suspected of misconduct.
WEEK IN BRIEF: Noble allegations; Zinc TCs; manganese shutdown; aluminium premiums newsletter
While Chinese New Year may have left some markets deflated, it was another busy week for Metal Bulletin’s news teams across the rest of the world.
LME sets up monthly dates from March 16 with abolition of trade ratio
The London Metal Exchange will exclude aluminium, copper and zinc from its order-to-trade ratio on third Wednesday prompt dates from the middle of March as it seeks to promote liquidity in those monthly prices.
MB RESEARCH – STEEL VS AL: Time to downgrade aluminium’s penetration of the car market?
Is the aluminium industry being overconfident about how 6-series sheet will displace steel for auto-body applications? Metal Bulletin Research investigates.
Russia may revive copper export duty to ease price strain in domestic market
Russia’s ministry of industry and trade is considering reintroducing export taxes on refined non-ferrous metals, including copper, a source at the ministry told Metal Bulletin sister title Copper Price Briefing this week.
Where will European duty-paid aluminium premiums be at the start of the second quarter?
3rd World DRI and Pellet Congress
02 Mar 15 - 04 Mar 15
AMM's 8th Steel Tube + Pipe Conference
09 Mar 15 - 11 Mar 15
7th World Lead Conference
11 Mar 15 - 12 Mar 15
WEEK IN BRIEF: Aluminium premiums; copper climbs; Noble results; SFP sale talks
Conference season was in full swing last week, and the news was coming in thick and fast. Here we take a look at some of the key stories from the past week.
BIG QUESTION: What do new year moves show about China's influence on LME copper?
To what degree does China drive copper prices on the London Metal Exchange?
ASIAN MORNING BRIEF: Key news and price moves on Thursday February 26
Good morning from Metal Bulletin's London office, bringing you the key news and price moves to get your day off to a good start.
Copyright ©Euromoney Global Limited. All rights reserved.