January 2019

LIVE FUTURES REPORT 31/01: LME base metals tick higher on positive trade sentiment; copper closes above $6,100

Base metals prices on the London Metal Exchange were collectively higher day on day at the close of trading on Thursday January 31, with a softer US dollar and improved trade sentiment supporting commodity investment.

LIVE FUTURES REPORT 31/01: Comex copper extends rally, US stocks up

Comex copper prices moved higher on Thursday morning in the United States, with an improving macroeconomic backdrop lifting the entire base metals complex.

LIVE FUTURES REPORT 31/01: LME zinc price breaches $2,700/t in high-volume trading

Zinc gained more than 1% in morning trading on the London Metal Exchange on Thursday January 31, breaching technical support at its 100 DMA for the first time since July 2018 amid continued stock drawdowns and cancelations.

FOCUS: Zinc’s 2019 price prospects hinge on Chinese smelting bottleneck

In Zhuzhou - former home of China’s top zinc smelter - the skies aren’t exactly blue, but they’re starting to clear up.

Trade log January 2019: Nickel sulfate

Trade log for nickel sulfate in China including transactions, bids and offers reported to Fastmarkets MB.

SHFE vs LME physical arbitrage 31/01: Copper, aluminium, zinc, nickel

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

METALS MORNING VIEW 31/01: Metals’ price rallies gain momentum

A dovish US Federal Reserve stance, a weaker dollar and a firmer Chinese yuan, which may indicate confidence in US-China trade talks, are all helping to underpin the three-month base metals prices on the London Metal Exchange this morning, Thursday January 31.

CHINA NICKEL BRIQUETTE SNAPSHOT: Premium rises in line with higher long-term contract prices

Key data from the Tuesday January 29 pricing session in Shanghai.

East Asian stainless steel prices strengthen further on nickel surge

Import prices for stainless steel in East Asia increased again over the past week, with mills continuing to raise their offers amid costlier nickel, although trading activity was slow because of the upcoming Lunar New Year.

China’s domestic stainless steel prices flat amid inactivity

China’s domestic stainless steel prices held steady for a fifth week amid thin trading ahead of the Chinese New Year.