February 2021

Shanghai bonded aluminium stocks more than double in February; copper slips

Aluminium stock volumes in Shanghai bonded warehouses more than doubled in February 2021 on increased import activity due to a favorable arbitrage between London and Shanghai.

LIVE FUTURES REPORT 26/02: Zinc down 5%, tin falls $1,000 in month-end consolidation

All futures prices on the London Metal Exchange showed decreases of more than 3% at the close of trading on Friday February 26, with a mix of consolidation and profit-taking on the base-metals complex just a few days after they all rallied to new year-to-date highs.

LIVE FUTURES REPORT 25/02: Tin down 3%, copper drops 2%, LME complex falls on higher US Dollar Index [UPDATED]

London Metal Exchange metals prices were all lower on Friday February 26, following a spike in US 10-year Treasury bonds and a higher US Dollar Index.

SHFE STOCKS REPORT 26/02: Base metals inventories all rise; Cu climbs 31%

Deliverable base metals stocks at Shanghai Futures Exchange-registered warehouses all rose in the week to Friday February 26, with copper recording the largest gain in percentage terms at 31.2%, according to the exchange’s latest stocks report.

SPECIAL REPORT: Introducing Fastmarkets’ low-carbon aluminium differentials

Fastmarkets will publish its first low-carbon aluminium differentials for primary aluminium (P1020A) and value-added products in Europe on Friday March 5.

AT A GLANCE: Kaiser’s 2020 shipments reflect aerospace woes

A summary of Kaiser Aluminum’s fourth-quarter and full-year 2020 earnings results, published on Wednesday February 24.

Alumina Atlantic differential flips to small premium; Pacific oversupply continues

Alumina cargoes in Brazil were trading at a slight premium to Australian material on Thursday February 25 due a muddled supply picture, but opinions on the market’s direction remained mixed.

LIVE FUTURES REPORT 25/02: LME aluminium up 2%, copper at $9,400, nickel down to $19,200

The price of aluminium showed a 2.3% rise and held close to its new 2021 high of $2,243 per tonne during trading on the London Metal Exchange on Thursday February 25.

Biden signs order to strengthen US supply chains, address chips shortage

United States President Joe Biden signed an executive order on Wednesday February 24 intended to secure his nation’s supply chains through a review of critical products, which will include computer chips and batteries.

LIVE FUTURES REPORT 25/02: Aluminium, copper rise 2% to new highs

Aluminium crossed the $2,200-per-tonne mark and copper continued to extend its bullish rally on the London Metal Exchange during morning trading on Thursday February 25, with a softer US Dollar Index supporting higher prices in the complex.