MORNING VIEW: Metals start week on firmer footing but in low volumes due to China holiday

Three-month base metals prices on the London Metal Exchange were up across the board this morning, Monday April 6, as were gold and silver prices.

06 April 2020 William Adams

IN CASE YOU MISSED IT: 5 key stories from April 3

Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.

05 April 2020 Fastmarkets MB staff

US aluminium scrap prices continue downtrend

Aluminium scrap prices in the United States continued to trend flat to soft this past week as the novel coronavirus prompted industrial slowdowns through capacity reduction at smelters and manufacturing plants across the country.

03 April 2020 Jenny Stewart

LIVE FUTURES REPORT 03/04: LME aluminium contract closes below $1,500 amid low turnover

The London Metal Exchange three-month aluminium price briefly breached the $1,500 per tonne mark, with an intraday high of $1,505 per tonne, but closed at $1,481.50 per tonne on Friday April 3.

03 April 2020 Rijuta Dey Bera

Rusal shareholders to vote on near 7mln-tonne aluminium supply deal with Glencore

Independent shareholders of UC Rusal are to vote on a proposed $16.3-billion deal for the supply of up to almost 7 million tonnes of primary aluminium to Glencore over the next several years.

03 April 2020 Andrea Hotter

PRICING NOTICE: Delayed publication of daily alumina index, fob Australia

Fastmarkets published its alumina index, fob Australia later than scheduled on Friday April 3 due to data coming in toward the end of Friday’s pricing discovery process.

03 April 2020 Justin Yang

Q2 MJP aluminium premium settles 1.2% lower at $82/t

The benchmark for the supply of aluminium to main Japanese ports (MJP) in the second quarter of 2020 has settled at a premium of $82 per tonne cif over the London Metal Exchange cash price.

03 April 2020 Karen Ng

LIVE FUTURES REPORT 03/04: Fresh 1,900t inflow cools LME tin price; copper nears $4,900/t

The three-month tin price on the London Metal Exchange fell by 1.3% during morning trading on Friday April 3 after 1,900 tonnes of tin was delivered into LME-registered warehouses, while copper continues to test nearby resistance levels.

03 April 2020 Hassan Butt

SHFE STOCKS REPORT 03/04: Base metals stocks continue to tumble on resumed operations

Base metals' inventories in Shanghai Futures Exchange-approved warehouses continued to fall in the week ending Friday April 3, with lead registering the biggest outflows.

03 April 2020 Hui Li

MORNING VIEW: Markets volatile, skeptical about Trump’s oil talk; traders brace for US employment report

Markets are mixed and on average weaker this morning, Friday April 3, after the rally on Thursday following a 20% rise in oil prices faded.

03 April 2020 William Adams