December 2018


A summary of base metals premiums from across the globe for the week to Monday December 31.

2018 REVIEW: Sanction, tariff volatility stifle fickle base metals complex; zinc down 26%; tin’s fourth-quarter freeze

While base metals prices began the first quarter of 2018 following the uptrend from the previous year, the advent of sanctions, global trade tensions and tariffs – notably Section 232 – swiftly became a focal point in what became a year of volatile price action.

LIVE FUTURES REPORT 31/12: LME nickel, Al prices hit fresh 2018 lows; zinc up 1.2%

Base metals on the London Metal Exchange were predominantly lower at the close of trading on Monday December 31, consolidating lower despite slight upticks in equity markets and a continued easing in the US dollar index.

ALUMINA SNAPSHOT 31/12: Alumina index falls below $400 at year-end; down 43% from April high

The fob Australia alumina index declined below $400 per tonne on December 31, hitting its lowest level since March 2018 following the last Nalco tender of the year concluding at $396.21 per tonne.

LIVE FUTURES REPORT 31/12: Comex copper softens ahead of the New Year

Comex copper prices dipped to start the week in the United States on a lack of trading volumes and continued market worries over a prolonged trade war.

Zinc concs 'bloodbath' sees TCs reach new highs, lead terms dive

The treatment charges (TCs) paid for zinc concentrates continued to climb in December, while the market closed out a highly volatile 2018 at multi-year highs.

LME proposes to lift conditional suspension on Rusal material

The London Metal Exchange has recommended to its Special Committee that the conditional suspension on the warranting of UC Rusal metal be lifted, according to a notice to members on Monday December 31, after a period for market feedback provided no further concerns.

LIVE FUTURES REPORT 31/12: Low-volumes limit LME base metals prices; copper back above $6k/t

Base metals on the London Metal Exchange were mixed during morning trading on Monday December 31, with low volumes across the board limiting the complex to narrow trading ranges despite a marked slump in the US dollar index.

PRICING NOTICE: Shanghai-bonded copper stock assessment delayed until Friday January 4

Fastmarkets MB's bi-weekly Shanghai-bonded copper stock assessment scheduled for Monday December 31 will be published on Friday January 4 due to delays in gathering assessments as a result of the New Year's Day holiday.

EUROPEAN MORNING BRIEF 31/12: LME base metals up on trade developments; China’s grade-553 silicon price flat; Chinese black tungsten conc price continues decline

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Monday December 31.