February 2020

LIVE FUTURES REPORT 11/02: SHFE base metals strengthen amid fresh PBOC cash injection

Base metals prices on the Shanghai Futures Exchange, with the exception of that for zinc, rose during the morning trading session on Tuesday February 11 after China’s central bank pumped in 900 billion yuan ($129 billion) into the country’s financial system a day earlier.

IN CASE YOU MISSED IT: 5 key stories from February 10

Here are five Fastmarkets MB stories you might have missed on Monday February 10 that are worth another look.

LIVE FUTURES REPORT 10/02: LME lead at 7-mth low on selling momentum; nickel fails to breach $13,000/t

The London Metal Exchange three-month lead price closed at its lowest level since May 2019 on Monday February 10, dipping below the key $1,800-per-tonne support level, while nickel futures struggled to breach resistance against thin trading volumes.

New queues build up at LME warehouses across Asia

The waiting time to take metal out of London Metal Exchange-approved warehouses across Asia rose at the end of January 2020, according to the latest LME queue report.

LIVE FUTURES REPORT 10/02: LME nickel price leads complex in 1.3% climb; zinc continues freefall amid 9kt inflow

The three-month nickel price on the London Metal Exchange was higher during morning trading on Monday February 10, testing support above $13,000 per tonne against moderate turnover, while zinc came under further pressure from continued deliveries.

NEWSBREAK: Coronavirus puts LME Week Asia 2020 in doubt

LME Week Asia 2020 could be in doubt due to the coronavirus outbreak, with Hong Kong Exchanges & Clearing evaluating all their events taking place over the next few months.

MORNING VIEW: LME metals rebound after Friday’s correction, but prices weaker in Shanghai

The broader markets were mixed on the morning of Monday February 10, with equities in Asia generally weaker, as were metals on the Shanghai Futures Exchange, while the London Metal Exchange was firmer across the board.

LIVE FUTURES REPORT 10/02: SHFE base metals subdued on mounting coronavirus concerns

Base metals prices on the Shanghai Futures Exchange largely fell during morning trading on Monday February 10 on growing concerns over the spread of the novel coronavirus in China.

German Al billet premium rises for first time in more than year; sentiment bullish for Q2

The aluminium billet premium in Germany has risen for the first time in more than a year, with participants starting to see more bullish sentiment for the second quarter of 2020.

LIVE FUTURES REPORT 07/02: Nickel’s LME price down 3%, temporarily breaches $13,000 mark

The London Metal Exchange price of nickel fell by more than 3% on Friday February 7 after reaching a temporary high of $13,210 per tonne.