June 2017

LIVE FUTURES REPORT 30/06: LME base metals end slightly higher bar lead; copper extends rally

Base metals prices ended the trading week on the London Metal Exchange on a positive note on Friday June 30, with copper leading the charge.

Glencore to supply 4,000t of aluminium to South Korea’s PPS

South Korea’s Public Procurement Service (PPS) has awarded two aluminium tenders of 2,000 tonnes each to Glencore International, the state agency said on Friday June 30.

Malaysia’s bauxite mining ban extended until end of this year

Malaysia has extended its ban on bauxite mining for another six months – until December 31, 2017 – in order to clear up stockpiles of bauxite across Malaysian ports and mining sites, Metal Bulletin has learned.

LIVE FUTURES REPORT 30/06: LME copper dips after recent gains; tin continues rally

Base metals prices on the London Metal Exchange edged lower this morning, Friday June 30, as they looked to consolidate this week’s gains.

LIVE FUTURES REPORT 30/06: SHFE zinc stocks fall 11.6%; tin up 6.2%

Zinc inventories at Shanghai Futures Exchange-approved warehouses fell by 8,487 tonnes or 11.6% over the past week to 64,881 tonnes as of Friday June 30, the biggest fall among the SHFE base metals.

SHFE vs LME physical arbitrage 30/06: Copper, aluminium, zinc, nickel

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

METALS MORNING VIEW 30/06: Base metals well placed to react to better Chinese PMI data

Base metals on the London Metal Exchange are on divergent paths this morning, Friday June 30, with three-month copper and nickel prices firmer by 0.4%, with copper at $5,947 per tonne, aluminium and zinc prices are little changed, while lead and tin are off either side of 0.4%.

FOCUS: PT Antam delivers first bauxite shipment to China after securing 850,000-tpy export quota

Indonesian miner PT Aneka Tambang (PT Antam) has delivered its first shipment of approximately 55,000 tonnes of bauxite to China after securing an export quota for the aluminium ore, sources told Metal Bulletin.

LIVE FUTURES REPORT 30/06: SHFE copper prices higher amid supply concerns, weaker dollar

Copper prices on the Shanghai Futures Exchange (SHFE) were higher during Asian morning trading on Friday June 30, supported by supply-side concerns as well as a softer dollar.

ALUMINA INDEX: Thin spot availability supports prices above $300/t

Benchmark alumina prices staged a small increase this week on account of a tight market in the Pacific.