June 2021

BASE METALS WARRANTS REPORT 23/06

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 23.

LIVE FUTURES REPORT 23/06: LME base metals prices continue to gain momentum; copper up 2%

Base metals prices on the London Metal Exchange continued to trade higher across the board during the day on Wednesday June 23.

MJP aluminium premium erases June gains on weak market sentiment

The aluminium premium in the cif main Japanese ports (MJP) market inched down for the second straight week on Tuesday June 22 after hitting its highest level since April 2018 at the start of the month.

LIVE FUTURES REPORT 23/06: LME prices buoyed for 3rd day; more aluminium warrants canceled

Base metal prices on the London Metal Exchange continued to edge up on the morning of Wednesday June 22, with comments by the United States Federal Reserve chairman on future actions by the central back easing tapering concerns.

Details of China’s first aluminium tender fail to dampen SHFE price

The aluminium price on the Shanghai Futures Exchange rose for a second consecutive day on Wednesday June 23 even as the Chinese government announced further details of the sell-off of aluminium reserves on its website on June 22.

MORNING VIEW: Rebound in base metals continues after last week’s pullback

Rebounds were under way in the base metals in London and Shanghai this morning, Wednesday June 23, but we will have to wait to see how the metals react to today’s manufacturing purchasing managers index (PMI) data.

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

Here are five Fastmarkets stories you might have missed on Tuesday June 22 that are worth another look.

GLOBAL ALUMINIUM WRAP: Premiums around world diverge again

Aluminium premiums diverged again on Tuesday June 22, with Rotterdam premiums increasing, while the Japanese premium fell and the US premium was unchanged.

LIVE FUTURES REPORT 22/06: Rebound continues with gains over 1% for nickel, copper on LME

All three-month prices for base metals on the London Metal Exchange rose by about 1% for the second day in a row on Tuesday June 22, continuing their recovery from the weakness of the previous seven days.

China starts sales of state metal reserves with copper, zinc, aluminum tenders

The government of China is now acting on announcements it made in the week ended June 18 about intended sales of the country’s metal reserves, which triggered a dramatic decline in prices.