June 2020

LIVE FUTURES REPORT 05/06: LME base metals prices rallied by ECB stimulus; copper clears $5,600/t

Base metals prices on the London Metal Exchange were collectively higher during morning trading on Friday June 5, supported by stimulus measures announced by central banks, including copper which reached a three-month high due to an uptick in risk appetite across the commodities sector.

First MJP Q3 deal concludes at $85; market remains bearish

The first deal for aluminium cif main Japanese ports (MJP) for the third quarter has concluded at a premium of $85 per tonne, multiple market sources told Fastmarkets, but many expect cheaper deals to emerge.

MORNING VIEW: Markets buoyant on continued widespread stimulus, but US jobs report may prompt a reality check

The metals were mixed this morning, Friday June 5, but Asian-Pacific equities were mainly stronger, as were pre-market major western equity index futures.

LIVE FUTURES REPORT 04/06: LME copper price clears $5,500 in steady recovery; lead's rise tops complex

The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday June 4, recovering from a morning slump to breach nearby resistance levels amid low turnover.

LIVE FUTURES REPORT 04/06: LME copper price sinks 0.8% despite 20kt fresh cancelation; lead falls below $1,700/t

The three-month copper price on the London Metal Exchange was down during morning trading on Thursday June 4, falling below the $5,500-per-tonne support level in a complex-wide downturn that saw risk appetite soften, while lead futures led on the downside with a 1.9% fall over the morning.

MORNING VIEW: Markets mixed with metals weaker, while equities remain upbeat

The metals were for the most part weaker this morning, Thursday June 4, while Asian-Pacific equities were stronger.

IN CASE YOU MISSED IT: 5 key stories from June 3

Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.

BASE METALS WARRANT REPORT 03/06

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 3.

LIVE FUTURES REPORT 03/06: LME base metals prices consolidate after recent strength

Base metals price on the London Metal Exchange had moved sideways at the close of trading on Wednesday June 3, with most of the complex maintaining gains made earlier in the week against a steady improvement in risk-appetite.

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.