May 2019

MORNING VIEW: A shaky start to LME base metals prices on geopolitical uncertainties

Renewed selling interest on Friday May 17 has capped the upside from the slight rebound mid-last week and the metal markets generally look shaky in the early morning of Monday May 20.

Global alumina price may hit $400/t on rising Chinese import interest, say market participants

The global alumina price may hit $400 per tonne soon following the rally in the Chinese domestic alumina price and China’s growing buying interest in the seaborne market, sources told Fastmarkets on Monday May 20.

LIVE FUTURES REPORT 20/05: SHFE base metals prices mixed as copper and nickel head in opposite directions

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday May 20, with nickel leading the falls and only copper and lead showing positive performances.

IN CASE YOU MISSED IT: 5 key stories from May 17

Here are five Fastmarkets MB stories you might have missed on Friday May 17 that are worth another look.

Widening LME aluminium contango prompts fresh stock cancellations

The swing back into contango in the nearby aluminium forward curve on the London Metal Exchange triggered the cancellation of more than 90,000 tonnes of aluminium in LME-bonded warehouses this week.

Codelco to present last offer for Chuquicamata workers unions by May 24

Representatives of Chilean state-owned copper producer Codelco will make their final wage and bonus offer to three workers’ trade unions for the Chuquicamata mine division by May 24, the unions said on Friday May 17.

Copper concentrate TC/RCs dip to new 5-yr low; traders snapping up tender tonnages

Copper concentrates treatment and refining charges (TC/RCs) continued to edge down in the second week of May due to traders snapping up tender tonnages at low numbers, while smelters became hesitant in spot purchases.

LIVE FUTURES REPORT 17/05: LME base metals lower amid US dollar gains

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday May 17, with broad strength in the US dollar index pressuring commodity prices while trade tensions continue to deter investment.

BATTERY RAW MATERIALS MARKET REPORT 17/05: Cobalt metal prices edge lower on thin demand

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

SHFE STOCKS REPORT 17/05: Lead inventories spike by 15%, rest of complex post marginal falls

Lead stocks held in Shanghai Futures Exchange-approved warehouses leapt by approximately 15% week on week on Friday May 17 due to weak demand.