January 2019

LIVE FUTURES REPORT 18/01: Base metals have mixed morning after Chinese data release

Base metals on the London Metal Exchange complex consolidated in mixed morning trading on Monday 21 January, while market focus shifted to China’s fourth-quarter data release.

China’s ‘looser’ aluminium winter cuts has limited effect after 7.4% increase in total output in 2018

China produced 35.8 million tonnes of aluminium in 2018, up 7.4% year on year, according to data released by China’s Statistics Bureau on Monday January 21, suggesting the annual winter production cuts did little to slow output in the country.

SHFE vs LME physical arbitrage 21/01: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday January 21 *

METALS MORNING VIEW 21/01: Metals prices hold up well despite China's weak GDP

Despite weak Chinese gross domestic product (GDP) data that showed fourth quarter 2018 growth of 6.4%, after 6.5% in the prior quarter, the three-month base metals prices on the London Metal Exchange were for the most part holding up relatively well on Monday January 21, with prices just off slightly.

LIVE FUTURES REPORT 21/01: US-China trade optimism continues to buoy SHFE base metals prices

Base metals prices, barring those for tin, on the Shanghai Futures Exchange were up during Asian morning trading on Monday January 21, with residual optimism over trade talks between China and the United States helping to offset some weak Chinese data earlier this morning.

GLOBAL ALUMINIUM BILLET WRAP: Weak fundamentals pressure global spot premiums; participants await Rusal developments

Global aluminium billet premiums were flat or lower on Friday January 18, with market participants citing ample availability of material and lackluster demand as the main reasons behind the moves.

China Molybdenum raises stake in DRC copper-cobalt Tenke mine

China Molybdenum has raised its stake in the Tenke copper-cobalt mine in Democratic Republic of Congo (DRC) despite the policy uncertainties arising from the recent political turmoil.

US non-ferrous auto shred price pressured by supply concerns

Pressure is mounting in the non-ferrous auto shred (twitch) market in the United States, with suppliers and consumers in strong negotiations for material next month.

LIVE FUTURES REPORT 18/01: Focus on US-China trade talks as nickel rises 1.9%

Prices in the base metals complex consolidated higher at the close of trade on Friday January 18 amid continued optimism about trade talks between the United States and China, and increased bullish sentiment overall.

BATTERY RAW MATERIALS MARKET REPORT 18/01: Cobalt supply availability pushes price lower

An overview of the battery raw materials markets and their price moves from the past week.