June 2021

LIVE FUTURES REPORT 01/06: LME lead up 1%, other metals steady from end-May highs

London Metal Exchange prices were mostly unchanged on the first trading day of this month, but maintained the bullish tone they struck at the end of May at the close on Tuesday June 1, given a release of positive economic data.

G7 criticizes subsidies driving overcapacity in steel, aluminium

Leaders of the Group of Seven (G7) countries have reaffirmed their commitment to fair trade and criticized the use of subsidies that create excess capacity, including in steel and aluminium.

Shanghai bonded Cu stocks rise to near 2-year high in May; Al inventories up amid open arb

Copper stocks in Shanghai bonded warehouses rose to a near two-year high in May after sustained arbitrage losses between London and Shanghai deterred import activity.

LIVE FUTURES REPORT 01/06: Gains of 0.7% for most LME metals after May bumps

Most prices on the London Metal Exchange were up on the morning of Tuesday June 1, following a steady end in May and notable stock movements for lead and aluminium in LME warehouses.

NEWSBREAK: Producer looks to move up initial Q3 MJP offer by $5/t amid negotiations despite weakening Chinese arb

One western aluminium producer is looking to revise its early offer of $180-190 per tonne for third-quarter supply of aluminium to main Japanese ports (MJP) upward by $5 per tonne, market participants told Fastmarkets on Tuesday June 1.