December 2018

SHFE vs LME physical arbitrage 24/12: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday December 24*

Market confidence unchanged by China’s additional 800kt Al output cut

Several of China's top smelters agreed to reduce another 800,000 tonnes of aluminium capacity in the coming days, Fastmarkets learned from the conference held in Nanning, Guangxi province in China on Friday December 21.

LIVE FUTURES REPORT 24/12: LME base metals prices little moved while market quietens down for holidays; 30kt of lead cancelled in Europe

Base metals prices on the London Metal Exchange were little changed during morning trading on Monday December 24, with trading volumes low due to a number of participants being absent from the market for the Christmas holidays.

EUROPEAN MORNING BRIEF 24/12: SHFE base metals prices mostly down; LME amends metal close-out schedule for second kerb session; Rio Tinto completes sale of Grasberg stake

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Monday December 24.

LIVE FUTURES REPORT 24/12: SHFE base metals prices mostly down; nickel outperforms

There was general weakness across the base metals traded on the Shanghai Futures Exchange during Asian morning trading on Monday December 24, with prices broadly down amid bearishness stemming from a challenging macro environment.

EU approves 2019 duty-free import quotas for wide range of aluminium products

The European Union Council of Ministers has approved 2019 duty-free quotas for a range of aluminium imports whose production within the EU is insufficient to meet demand.

GLOBAL ALUMINIUM BILLET WRAP: European, Thailand premiums fall on weakening demand, Rusal sentiment

Aluminium billet premiums in Europe and Thailand moved lower on Friday December 21 on weaker demand and bearishness due to news that the US Treasury Department intends to remove sanctions against UC Rusal in January, while the US and Brazilian premiums were flat amid a seasonal pause in trading.

LIVE FUTURES REPORT 21/12: LME base metals consolidate lower amid low volumes; copper closes below $6k/t

Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Friday December 21, pressured by a broad sell-off in global stock indices amid fears of a potential US government shutdown.

NON-FERROUS WEEK IN BRIEF: Rio Tinto sells 40% stake in the Grasberg mine; Al market under pressure from Rusal sanctions relief; Antimony smugglers arrested in latest crackdown; Blockchain is coming

Fastmarkets rounds up some of the key news and price moves across the global metal markets this week.

LIVE FUTURES REPORT 21/12: Comex copper prices end week on sour note

Comex copper prices slipped on Friday morning in the US amid the continued trade war between the US and China and Federal Reserve worries, which are weighing on the equity and commodity markets.