December 2019

ALUMINIUM BILLET WRAP: German premium hits fresh low; premiums outside Europe unchanged

Aluminium billet premiums remained under pressure in the week ended Friday December 20 despite low liquidity ahead of the holiday break.

LIVE FUTURES REPORT 20/12: LME nickel price rallies 2.3% on positive China data

Base metals on the London Metal Exchange broadly closed down in the afternoon on Friday December 20, once more capped by a stronger US dollar index, trading up 0.29% at 97.69 this afternoon, ignoring better-than-expected economic indicators from China.

BATTERY RAW MATERIALS MARKET REPORT 20/12: Lithium sellers cut offers to boost year-end sales

An overview of the battery raw materials markets and their latest price moves.

Copper concentrate TC/RCs rise as cargoes diverted from smelters including Fangyuan

Fastmarkets’ copper concentrates treatment and refining charges (TC/RC) index rose for the second straight week on Friday December 20, with the spot market firming slightly after cargoes from Dongying Fangyuan and some other smelters were diverted, leading to higher availability.

SHFE STOCKS REPORT 20/12: Most stocks of base metals fall

Stocks of most base metals, except copper and tin, stored in Shanghai Futures Exchange-approved warehouses declined in the week to Friday December 20.

Alunorte capacity cut to have little effect on alumina price, market sources say

The benchmark alumina price will remain steady around $280 per tonne at the end of the week despite Hydro’s announcement late on Thursday December 19 that it has reduced production at its Alunorte alumina refinery to 50-70% capacity, market sources told Fastmarkets.

LIVE FUTURES REPORT 20/12: LME base metals capped by stronger US dollar

Base metals prices on the London Metal Exchange were capped by a stronger US dollar, which traded up 0.03% at 97.43 during the morning session on Friday December 20, having absorbed any residual optimism from China’s liquidity boost on Thursday.

2020 PREVIEW: Spot MJP aluminium premium to remain under pressure from rising supply, falling demand

The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next year due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets.

LIVE FUTURES REPORT 20/12: SHFE base metals prices mixed; Ni outshines with 1.2% gain

Base metals prices on the Shanghai Futures Exchange were split into two camps during the morning trading session on Friday December 20, with nickel outperforming the rest of complex with a 1.2% gain.

IN CASE YOU MISSED IT: 5 key stories from December 19

Here are five Fastmarkets MB stories you might have missed on Thursday December 19 that are worth another look.