March 2017

NON-FERROUS WEEK IN BRIEF: MJP up 12%; nickel stocks; zinc TCs; alumina webinar; mn rally

After another busy week in the Metal Bulletin offices, we take a look back over the key news and price moves from the past week.

LIVE FUTURES REPORT 31/03: LME base metals prices bar tin decline; market looks forward to Q2

All base metals apart from tin declined further into the close of trading on Friday March 31, which marks the end of the month and the first quarter.

LME warehouse charge-cap comes into effect

The implementation of the first charges under the LME’s new charge-capping rule will take effect on April 1 as the LME concludes its three-year warehouse reform programme.

Loth will head metals division at Englehart after management reshuffle

Shon Loth will lead Englehart Commodities Trading Partners’ metals and minerals division after the commodities trader re-shuffled its senior management, it said on Friday March 31.

LIVE FUTURES REPORT 31/03: SHFE copper stocks down for second week

Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses fell 5,208 tonnes over the past week to 307,376 tonnes as of Friday March 31.

Record results for Marex Spectron

Marex Spectron made record pre-tax profits of $27 million for the year to December 31, 2016, a 53% increase on the previous year, it said.

LIVE FUTURE REPORT 31/03: Base metals prices dip but still firm on LME at end of Q1

Base metals prices were universally lower in London Metal Exchange morning trading on Friday March 31 but remained firm on the last trading day of the week, month and quarter.

SHFE vs LME physical arbitrage 31/03: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 31*

SURVEY: Shanghai bonded nickel stocks down on low imports, arb opportunities; copper stocks continue ascent

Nickel stocks at Shanghai bonded warehouses were lower at the end of March due to arbitrage opportunities during the month and a low number of imports seen over the past two months, while copper stocks continued to climb, albeit at a slower rate amid fewer new arrivals.

METALS MORNING VIEW 31/03: Metals prices ignore better Chinese PMI data for now

Base metals prices on the London Metal Exchange are down an average of 0.4% this morning, Friday March 31, this despite better Chinese PMI data.