November 2012

European secondary Al price flat as producers consider margins

European secondary aluminium prices stayed flat on Friday November 30 after finding a floor last week, and producers fear margins will erode further after better London Metal Exchange aluminium prices this week could put upward pressure on scrap prices.

MEIR ON METALS: Metals prices higher ahead of weekend Chinese data; fiscal talks grind on

Analyst Ed Meir looks at what is moving the metal markets on Friday November 30.

Trade log week of November 26: Aluminium [Updated November 27, 28, 29, 30]

Latest transactions and assessments in aluminium for week commencing November 26. All prices in warehouse, unless otherwise stated.

LME OFFICIALS: Base metals prices up on Japanese stimulus news, year-end optimism

Base metals prices rose still further on Friday November 30 on stimulus news from Japan, an analyst said in a note.

Shanghai copper prices up on hint of improving US, Europe outlook

Copper prices on the Shanghai Futures Exchange rallied strongly on Friday November 30 as good news trickled in from the US and Europe.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper prices slide as US fiscal talks head nowhere

Copper prices on the London Metal Exchange slid in early Asian trading on Friday November 30 as US fiscal cliff negotiations stalled again on Thursday.

US aluminium billet market awaits outcome of ABI labour talks

North American aluminum billet producers and consumers are awaiting the outcome of labor contract discussions between Alcoa Inc. and the United Steelworkers union at the Pittsburgh producer’s Aluminerie de Bécancour (ABI) smelter.

CLOSE TO CLOSE: Base metals tick up on risk appetite, rising physical demand

Base metals prices were up markedly during kerb trading on the London Metal Exchange on Thursday November 29, on increased risk appetite and a resurgence in physical demand.

Warehouse demand holds Al premiums steady ahead of LME backwardation

Good demand from traders and those formulating warehouse financing deals, as well as strong first-quarter premium forecasts among producers, have kept aluminium premiums stable, despite the looming backwardation on the London Metal Exchange, sources said.