July 2019

LIVE FUTURES 19/07: Copper up 1.65% on strong volumes; nickel down

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex.

MMG AT A GLANCE: Q2 production results, full-year guidance

MMG’s production results for the second quarter of 2019 and the full-year production guidance.

BATTERY RAW MATERIALS MARKET REPORT 19/07: Speculative buying pushes Chinese cobalt prices slightly higher

An overview of the battery raw materials markets and their latest price moves.

SHFE STOCKS REPORT 19/07: Copper stocks rise over 6% amid low demand, renewed US-China trade concerns

Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world’s two largest economies.

EXCLUSIVE: LME to go ahead with QBRC reform; warehouse consultation expected

The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets.

EUROPE STAINLESS STEEL: Price range narrows up anticipating higher alloy surcharges

The price range for grade-304 flat stainless steel products in Europe narrowed upward this week, with participants anticipating an increase in the alloy surcharges for August, sources told Fastmarkets on Friday June 19.

FOCUS: Analysts still can't agree on zinc's next price move

The zinc price has been fluctuating so much this year that analysts still cannot agree on where it is headed.

China copper market absorbs Baiyin Nonferrous smelter suspension - sources

North China copper smelter Baiyin Nonferrous Group’s one-month shutdown in July has had limited impact on copper concentrates and outright copper prices in China, market sources told Fastmarkets.

Going naked on sliding zinc cost Nyrstar $35mln in H1; Port Pirie lead outage quantified

Nyrstar lost €31 million ($34.8 million) as a result of closing out inventory zinc and lead hedges in the first half of the year, the company said on Friday July 19.

LIVE FUTURES REPORT 19/07: LME nickel price softens amid moderate turnover; copper rallies above $6,000/t

Nickel’s three-month price on the London Metal Exchange was lower during morning trading on Friday June 19, with the metal’s weeklong price rally cooling across Asian trading hours.