March 2016

Rolling LME/SHFE price report 31/03: Strong Shanghai aluminium prices trigger capacity restart concerns

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

LORD COPPER: What is driving LME initiatives during the depressed market?

Under previous ownership, the LME didn't need to fight too hard to prevent the natural and logical decline in trading and clearing revenues that comes as the underlying metals markets dip, but the raft of new products the exchange is marketing may be a sign that its new owners expect it to deliver returns throughout the cycle, argues Lord Copper.

MB Copper Concs Index drops after mine tenders, CSPT buying spree

The Metal Bulletin Copper Concentrates Index dropped for a fifth consecutive month in March as trade tenders remained closely contested and smelters in China embarked on a restocking campaign.

Chile’s copper production almost stable y-o-y in February

Chilean copper production was at nearly the same level in February 2016 as it was a year earlier, according to the country’s national statistics institute, INE.

Hindustan Zinc declares 1200% golden jubilee dividend

Hindustan Zinc has declared a special golden jubilee dividend of 1200% for the financial year 2015-16.

Q2 MJP aluminium premium settles at $115-117/t

Following weeks of talks, primary aluminium buyers in Japan and global producers have settled second-quarter main Japan port premiums at $115-117 per tonne, Metal Bulletin understands.

iTSCi declaration requirements to change from April 1 - Rwandan official

The International Tin Research Institute’s traceability and supply chain initiative (iTSCi) will make changes to its exporter declaration form as of April 1, Metal Bulletin understands.

ANALYSIS: South Korean aluminium traders take lessons from 2015, focus on back-to-back business

Hit hard by the rout in the aluminium prices and premiums of last year, traders in South Korea are focusing on back-to-back business and maintaining low inventories in 2016 to survive the market.

SHFE vs LME physical arbitrage: copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday March 31

PRICING NOTICE: Launch of annual 6063 aluminium billet premiums cif Japan

Metal Bulletin will publish annual 6063 series aluminium billet cif Japan premiums from Monday April 4.