December 2016

SHFE copper stocks jump 9%; aluminium inventories up for fourth week

Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses rose 12,221 tonnes or 9.1% over the past week to 146,598 tonnes on Friday December 30.

SHFE vs LME physical arbitrage 30/12: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday December 30*

METALS MORNING VIEW: Metals consolidate into year-end

The base metals are consolidating this morning, Friday December 30, with average gains of 0.3% and volume of 4,908 lots, as of 06:32 GMT.

Rolling LME/SHFE price report 30/12: Most SHFE base metals weaker as gold heats up

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on Friday December 30.

ASIA METALS: SHFE copper down on year-end profit-taking

Copper prices on the Shanghai Futures Exchange eased on Friday December 30 as longs liquidated on the last trading day of the year.

OCC submits rule to stop US banks from dealing, investing in metals

The USA’s Office of the Comptroller of the Currency (OCC) has submitted to the US Federal Register a rule to prohibit US banks and federal savings associations from dealing or investing in industrial or commercial metals, it said in a release earlier this week.

SHFE vs LME physical arbitrage 29/12: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday December 29*

Rolling LME/SHFE price report 29/12: SHFE base metals continued to push higher, led by zinc and aluminium

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on Thursday December 29.

METALS MORNING VIEW: Base metals vulnerable to renewed worries over China

This morning, Thursday December 29, base metals on the LME are stabilising somewhat, posting an average gain of 0.3%, after witnessing broad-based downward pressure yesterday as a result of profit-taking, reflected in the loosening of nearby spreads, on the back of a resurgence of risk aversion.

EUROPEAN MORNING BRIEF 12/29: SHFE copper consolidates; China ferro-chrome tenders; Chinese magnesium prices

Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Thursday December 29.