March 2019

BATTERY RAW MATERIALS REPORT: China cobalt price up on rising local futures

An overview of the battery raw materials markets and their price moves from the past week.

US Midwest P1020 aluminium premium falls to 11-week low

The aluminium P1020 Midwest premium in the United States declined to its lowest level in 11 weeks on Friday March 29, with narrowed contango spreads on the London Metal Exchange prompting some traders to discount amid waning spot demand from consumers.

LIVE FUTURES REPORT 29/03: LME base metals prices improve on continued trade optimism; Zinc closes above $2,900/t

Base metals price on the London Metal Exchange were mostly higher at the close of trading on Friday March 29, with copper and zinc outperforming.

LME considers advanced stock reporting in warehouse reform proposal

The London Metal Exchange has proposed an enhancement of its warehouse stock reporting model in a bid to garner further transparency against a recent tide of inordinate stock moves, it said in its latest warehousing discussion paper released on Friday March 29.

Vale’s 2018 nickel production down 15.1% year on year despite Q4 uptick

Brazilian miner Vale reported reduced nickel production of 244,600 tonnes in 2018, down 15.1% from 2017's 288,200 tonnes.

LIVE FUTURES REPORT 29/03: Comex copper price surges on China trade talk optimism

The copper market in the United States jumped in morning trading on Friday March 29 amid optimism that the global trade war will soon be resolved, boosting metals prospects.

First ‘new-order’ export of Chinese alumina of 2019 could signal re-opening of export arb - sources

A cargo of 30,000 tonnes of Chinese-origin alumina has been sold at 2,810 yuan ($417.10) per tonne fob Yantai port to Glencore in recent days, a source familiar with the matter told Fastmarkets on Friday March 29.

SHFE STOCKS REPORT 29/03: Zinc stocks drop 5.3% on improving downstream demand

Zinc stocks held in Shanghai Futures Exchange-approved warehouses dropped by 5.3% week on week as of Friday March 29 on improving consumer demand.

LIVE FUTURES REPORT 29/03: LME base metals prices edge higher on trade optimism; Cu climbs 1%

Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday March 29, bolstered by positive sentiment emerging out of recent US-China trade talks and gains in copper futures amid strong volumes.

METALS MORNING VIEW 29/03: LME base metals prices buoyed by positive US-China trade headlines

Positive headlines regarding continuing US-China trade talks have fueled a recovery in global risk sentiment so far on Friday March 29, subsequently providing support to three-month base metals prices on the London Metal Exchange.