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

Here are five Fastmarkets MB stories you might have missed on Monday July 22 that are worth another look.

23 July 2019 Fastmarkets MB staff

LIVE FUTURES REPORT 22/07: LME nickel price holds above $14,000/t despite 3% drop; tin climbs higher

Nickel’s three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin’s 1.3% climb.

22 July 2019 Hassan Butt

PRICING NOTICE: Change to frequency of bauxite price assessments

Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly.

22 July 2019 Alice Mason

Aluminium billet premium in Italy at its lowest since 2017; market expects ‘ugly’ Q4 negotiations

The premium for aluminium billet in Italy has fallen to its lowest in over two years due to aggressively low offers from suppliers and continued poor demand.

22 July 2019 Alice Mason

LIVE FUTURES REPORT 22/07: Base metals drift on weak macro; Ni down 2.3%

The prices paid for base metals traded on the London Metal Exchange were almost universally suppressed during morning trading on Monday July 22, with uninspiring macro data precipitating thin trading volumes

22 July 2019 Amy Hinton

MORNING VIEW: LME base metals prices correct while traders reconsider US rate cut expectations

Rising tension over Iran and a reduction in expectations on the size of the next US Federal Reserve rate cut were weighing on sentiment this morning, Monday July 22.

22 July 2019 William Adams

LIVE FUTURES REPORT 22/07: SHFE base metals prices retreat; nickel slumps 2.8%

Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Monday July 22, with nickel and zinc leading the decline with drops of 2.8% and 1.7% respectively.

22 July 2019 Karen Ng

LIVE FUTURES 19/07: Copper up 1.65% on strong volumes; nickel down

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex.

19 July 2019 Amy Hinton

SHFE STOCKS REPORT 19/07: Copper stocks rise over 6% amid low demand, renewed US-China trade concerns

Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world’s two largest economies.

19 July 2019 Amy Lv

EXCLUSIVE: LME to go ahead with QBRC reform; warehouse consultation expected

The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets.

19 July 2019 Alice Mason