June 2021

MORNING VIEW: Base metals prices quiet, mixed while they wait for direction

With the exception of tin that was perched just below recent multi-year highs and aluminium that was little changed, base metals prices on the London Metal Exchange were weaker this morning, Tuesday June 8.

Power cuts in China spur base metal, ferro-alloy price rises in Q2

Several provinces in China have been hit by power cuts in the past two months due to electricity shortages and energy controls, resulting in reduced production and price fluctuations for metals and ferro-alloys, including aluminum, zinc, silicon metal, ferro-chrome and silico-manganese.

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

Here are five Fastmarkets stories you might have missed on Monday June 7 that are worth another look.

LIVE FUTURES REPORT 07/06: LME lead price gains ahead of Peru election result

Base metals prices on the London Metal Exchange were largely down at the 5pm close on Monday June 7, with the exception of lead which held strongly amid the ongoing and tightly contested presidential election in Peru.

LIVE FUTURES REPORT 07/06: Decreases of over 1% for zinc, nickel; tin stocks at highest since Dec

Nickel and zinc’s three-month prices lost more than 1% during the morning session on the London Metal Exchange on Monday June 7, amid a general decline of the base metals complex following the release of worse-than-expected United States employment data on Friday.

MORNING VIEW: LME metals mixed after Friday’s employment data rebound falters

Base metals prices on the London Metal Exchange were mainly lower this morning, Monday June 7, after the rally sparked by Friday’s worse-than-expected US employment report ran out of steam.

NEWSBREAK: More Q3 MJP aluminium deals concluded at $185/t

Fresh deals for the supply of aluminium ingot to main Japanese ports (MJP) in the third quarter were concluded by Friday June 4 at a premium of $185 per tonne cif MJP on top of the London Metal Exchange cash price, market sources told Fastmarkets.

ALUMINIUM BILLET WRAP: Premiums in Germany, Thailand at fresh highs; US premium slips

Aluminium billet premiums diverged on Friday June 4, with those in Germany and Thailand rising to all-time highs while those in Brazil and the United States slipped.

GREEN ALUMINIUM: High premiums cap low-carbon differential

High aluminium premiums in Europe put an upper limit on any uptrend in the low-carbon aluminium differentials on Friday June 4.

LIVE FUTURES REPORT 04/06: LME copper price up 1.7% on softer dollar; tin rises 2.9%

London Metal Exchange base metals prices recovered swiftly at the close of Friday June 4 after lighter-than-expected US employment data kicked down the dollar index, following a Thursday session where decreases averaged 2.5%.