February 2020

MORNING VIEW: Metals consolidate while traders weigh up likely impact of Wuhan coronavirus

The broad-based rally across markets that started on Monday finally halted this morning and consolidation is setting in. And, given there is still so much uncertainty around the impact of the Wuhan coronavirus (2019-nCoV), a pause for reflection seems logical.

LIVE FUTURES REPORT 07/02: SHFE base metals diverge amid sustained virus jitters

Base metals prices on the Shanghai Futures Exchange diverged during the morning trading session on Friday February 7 amid cautious sentiment.

LIVE FUTURES REPORT 06/02: LME nickel price holds above $13,000/t despite selling pressure; zinc holds above $2,200/t

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday January 6, with price action holding above the nearby $13,000-per-tonne support level against a seven-day low in daily trading volumes, while zinc futures similarly held ground.

LIVE FUTURES REPORT 06/02: Fresh inflow puts LME zinc below $2,200/t; copper consolidates despite 10kt cancelation

The three-month zinc price on the London Metal Exchange was lower during morning trading on Thursday February 6, with a fresh inflow of some 3,475 tonnes pressuring its price action, while copper was little moved despite a fresh cancellation of 10,250 tonnes.

MORNING VIEW: Metals prices rise in broad-based recovery fueled by better-than-expected economic data

The broad-based rally across markets continues with investors focusing more on the improving economic data than they are on the uncertain economic impact of the Wuhan coronavirus (2019-nCoV).

LIVE FUTURES REPORT 06/02: SHFE base metals rise on emergence of promising cure for coronavirus

Base metals prices on the Shanghai Futures Exchange edged up across the board during the morning trading session on Thursday February 6 on optimism over the emergence of a potential treatment for the novel coronavirus (2019-nCoV) that is spreading across the world.

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

Here are five Fastmarkets MB stories you might have missed on Wednesday February 5 that are worth another look.

BASE METALS WARRANT REPORT 05/02

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 5.

LIVE FUTURES REPORT 05/02: Strong volumes see LME copper price exceed $5,700; nickel settles above $13,000

The three-month copper price on the London Metal Exchange was higher at the close of trading on Wednesday January 5, breaching nearby resistance at $5,700 per tonne against strong turnover.

PEOPLE MOVES: Aludium announces new CEO Chapis

Aluminium producer Aludium has appointed Lionel Chapis as the company’s new chief executive officer, effective March 1.