September 2018

PRICING NOTICE: Metal Bulletin raises minimum tonnage for European zinc premium assessments

Metal Bulletin has raised the minimum tonnage for the assessments of its zinc premiums for European countries to 100 tonnes from 25 tonnes.

Rusal extension, forward spreads, poor demand weigh on European aluminium premium

Prices in the physical aluminium market came under pressure this week from bearish sentiment arising from the extended winding-down period for US customers of Russian producer Rusal, a backwardation on forward spreads, and weak demand.

LIVE FUTURES REPORT 25/09: Comex copper flat, dollar weakness persists

Comex copper prices were little changed Tuesday September 25 morning in the US, with market participants awaiting further clarity on the ongoing trade war.

ALUMINA SNAPSHOT: Fob Australia index continues to decline; market liquidity picking up

Alumina prices fob Australia fell for the eighth pricing session in a row on Tuesday September 25, with deals continuing to trade at lower levels.

NEWSBREAK: Codelco raises annual European copper premiums to 4-year highs

Codelco, the world’s largest copper producer, has offered customers in Europe copper cathode premiums of $98 per tonne for 2019 supplies - a four-year high and a signal of bullish sentiment in the physical market.

NORTH AMERICAN MORNING BRIEF 25/09: OFAC move hints at Rusal deal; Jianbang Group to add 600,000 tpy of rebar capacity; China’s HRC prices drop

The latest metal markets news and price moves to start the North American day on Tuesday September 25.

PEOPLE MOVES: Nizi recruits Luis Dedios from Cliveden to concentrates team

Luxembourg trader Nizi International has recruited Luis Dedios, formerly of Cliveden, to help diversify the company’s refined-product focused portfolio into a raw materials business.

SHFE vs LME physical arbitrage 25/09: Copper, aluminium, zinc, nickel

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday September 25*

LIVE FUTURES REPORT 25/09: LME base metals dip on US-China trade rift; zinc supported despite 2% drop

The prices of base metals on the London Metal Exchange were lower across the board during morning trading on Tuesday September 25, with the recent exchange of trade tariffs between the United States and China continuing to stagger market activity.

METALS MORNING VIEW 25/09: Metals dip while China takes advantage of higher prices

With Chinese participants returning from holiday, they have taken to selling into the recent metal price gains, with the three-month base metals prices on the London Metal Exchange for the most part weaker during morning trading on Tuesday September 25.