June 2020

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.

MJP aluminium stocks up 4% in April on Q2 peak period bookings

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 4% month on month at the end of April 2020, according to data released by major Japanese trading house Marubeni Corp.

LIVE FUTURES REPORT 03/06: LME copper price consolidates above $5,500/t; zinc slips below $2,000/t

The three-month copper price on the London Metal Exchange was up during morning trading on Wednesday June 3, maintaining a push above the nearby $5,500-per-tonne threshold achieved on Tuesday afternoon, while weak demand continues to pressure zinc futures downward.

GLOBAL ALUMINIUM WRAP: LME contango blocks bearishness, prevents premiums from declining

Wider contangos on the London Metal Exchange helped keep bearish sentiment in the global aluminium market in check this week, with premiums mostly stable to higher on Tuesday June 2.

LIVE FUTURES REPORT 02/06: LME lead price outperforms in 2.5% incline; copper, tin breach resistance

The London Metal Exchange three-month lead price was the standout performer at the close on Tuesday June 2 on continued optimism over easing pandemic concerns, while continued unrest in the United States did little to cap upward price action across the complex.

China aluminium imports cease on diminishing arbitrage profits

Chinese buyers say they are no longer looking to import aluminium, with the fading arbitrage potential ending what was an unusual and profitable trade.