December 2015

Rolling LME/SHFE price report 31/12: Copper range-bound ahead of holiday, China PMI

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on December 31.

WEEK IN BRIEF: Noble's ratings downgrade; Year in Review; China-Australia FTA; Vale’s output plans

Metal Bulletin reviews some of the key news from the past five days in the metals markets.

Nyrstar announces funding of metal prepay financing

Nyrstar has announced the signing and pre-funding of a metal prepayment financing of $150 million, linked to the physical delivery of refined zinc to Trafigura under a three-year offtake agreement.

Shanghai copper imports slow ahead of new long-term deliveries

The copper imports market in Shanghai slowed this week ahead of the delivery of long-term contracts for 2016 after the New Year holiday.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China as of Wednesday December 30*

Rolling LME/SHFE price report 30/12: Copper lower on stronger dollar

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on December 30.

Agri deal will boost ratings, Noble Group says after Moody’s downgrade

A day after Moody’s downgraded Noble Group’s credit rating to junk status, the trader has said that its ratings metrics will exceed those required of an investment grade credit once the sale of its Agri wing is completed.

Market sees limited impact on nickel briquettes from China-Australia trade deal

The free-trade agreement between China and Australia will not immediately boost demand for nickel briquettes from Chinese importers, according to market participants.