September 2018

SHFE vs LME physical arbitrage 26/09: Copper, aluminium, zinc, nickel

The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday September 26*

OBITUARY: Metals veteran Francisco Testor dies at 81

Francisco (Paco) Testor, founder and president of RP Metaltrading, died on August 6, 2018, after battling with cancer for a year.

NEWSBREAK: Codelco raises 2019 copper premium in China by 17%, adds flexible terms – sources [CORRECTED]

Codelco has offered its Chinese customers copper cathode supply in 2019 at a premium of $88 per tonne, a 17% increase on this year’s level, Metal Bulletin has learned.

GLOBAL ALUMINIUM WRAP: Extended Rusal deadline drags US, European premiums lower

The United States’ decision to extend the deadline for companies to wind down operations and contracts with producer UC Rusal weighed on the aluminium market this week, causing premiums in the US and Europe to buckle under the expectation of more material entering the market.

EUROPEAN MORNING BRIEF 26/09: SHFE base metals consolidate; copper mating season begins; high alloy demand boosts manganese ore prices

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Wednesday September 26.

LIVE FUTURES REPORT 26/09: SHFE base metals consolidate ahead of FOMC meeting

Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Wednesday September 26, with many investors taking to the sidelines ahead of the US Federal Open Market Committee (FOMC) meeting later.

GLOBAL COPPER WRAP: Mating season kicks off in Europe with Codelco deals

Global copper participants are beginning to finalize 2019 annual contracts with Chilean mining giant Codelco setting European premiums at a four-year high. Meanwhile, US sources indicated that the producer is starting to negotiate supply deals with key consumers in the Gulf of Mexico region.

WEEKLY BASE METAL PREMIUMS REPORT: 25/09

A summary of base metals premiums from across the globe for the week to Tuesday September 25.

PEOPLE MOVES: Copper book co-head Larouche leaves trader Transamine

Copper trader Pascal Larouche has left Geneva-based merchant Transamine, where he was jointly responsible for the copper trading book, sources with knowledge of the matter told Metal Bulletin this week.

LIVE FUTURES REPORT 25/09: Dollar weakness fails to prompt LME base metals price gains; Ali firm

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday September 25, with dollar weakness having little effect against the market impact of further tariffs between the US and China.