February 2017

LME revenue down 10%, trading fees slip 12% in 2016

Revenue from the London Metal Exchange fell 10% to HK$1.56 billion ($201 million) in 2016 amid a decline in trading fees, according to the financial report of parent company Hong Kong Exchanges and Clearing (HKEX) published on Monday February 27.

LIVE FUTURES REPORT 27/02: SHFE base metals push higher; nickel prices climb on ore shortage fears

Base metals traded on the Shanghai Futures Exchange were all up on Monday February 27, with nickel leading the pack.

LIVE FUTURES REPORT 24/02: Base metals prices recoup some losses; all end higher

Base metal prices enjoyed a positive end to the trading week on the London Metal Exchange on Friday February 24, recouping some of the losses sustained during Thursday’s session.

LIVE FUTURES REPORT 24/02; LME base metals recover as previous day’s lows look 'exaggerated'

Base metal prices on the London Metal Exchange recouped the previous day’s losses during Friday February 24 trading as short covering ahead of the weekend provided support.

LIVE FUTURES REPORT 24/02: LME base metals prices recover; Al, zinc cancellations continue

Base metals prices on the LME have been staging a relief-rally during Friday February 24 trading, as they recover from the previous day’s lows.

LIVE FUTURES REPORT 24/02: SHFE copper stocks slip for first time in five weeks

Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses eased by 5,831 tonnes or 2% over the past week to 289,899 tonnes as of Friday February 24, marking the first decrease after five consecutive weeks of increases.

METALS MORNING VIEW 24/02: Metals rebound after Thursday's sell-off

The base metals are firmer this morning, Friday February 24, with metals prices on the London Metal Exchange up an average of 1.1%, led by a 1.5% gain in nickel prices, while copper is up 0.5% at $5,898 per tonne and aluminium is up the least with a 0.2% rise.

LIVE FUTURES REPORT 24/02: LME base metals lifted on short covering, relief rally

Base metals prices on the London Metal Exchange came off their lows as shorts covered positions ahead of the weekend during Friday February 24 trading.

LIVE FUTURES REPORT 24/02: SHFE copper slumps on potential delay to US infrastructure spending, China property tax

Copper prices on the Shanghai Futures Exchange slumped on Friday February 24 as overnight reports suggested that US president Donald Trump may delay big spending on US infrastructure until 2018, while news of a proposed nationwide property tax in China further weighed on prices.

LIVE FUTURES REPORT 23/02: Base metals prices slump into close; copper breaks through support

Copper bore the brunt of a late price plunge in London Metal Exchange trading on Thursday February 23, breaking through support levels to end sharply lower alongside zinc and tin in particular.