March 2020

IN CASE YOU MISSED IT: 5 key stories from March 31

Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.

WEEKLY BASE METAL PREMIUMS REPORT: 31/03

A summary of base metals premiums from across the globe for the week to Tuesday March 31.

African lockdowns cause month-long delivery delays for copper cargoes

The closure of borders and reduced port operations across African countries have led to month-long delays of copper cargoes, while suppliers have raced to re-route goods over the past week.

LIVE FUTURES REPORT 31/03: LME base metals prices buoyed by positive China data

Three-month base metals prices on the London Metal Exchange broadly closed up from values at the previous day’s kerb on Tuesday March 31, buoyed by residual optimism following the release of positive manufacturing data from China earlier the same day.

Chinese refined tin imports increase eightfold amid Covid-19 lockdown

Imports of refined tin into China increased by more than 800% year on year during the country’s imposed Covid-19 lockdown over the January-February period, recent customs data from the country shows.

MIIT calls for more stimulus policies to support China’s car industry

Xin Guobin, Deputy Minister of Industry and Information Technology (MIIT), has urged regional officials to speed up the introduction of policies to boost automobile consumption.

LIVE FUTURES REPORT 31/03: LME zinc price up 1.5% after 8kt fresh cancelation; copper above $4,800/t

The three-month zinc price on the London Metal Exchange was higher during morning trading on Tuesday March 31, with upward price action supported by an 8,825-tonne fresh cancelation, while strong Chinese purchasing managers’ index (PMI) data bolstered the base metals complex.

MORNING VIEW: Base metals prices find support from China’s better manufacturing data

China’s official manufacturing purchasing managers’ index (PMI) rebounded to 52 in March, after 35.7 in February, which means 52% of purchasing managers reported conditions were “better” in March than they were a month earlier.

LIVE FUTURES REPORT 31/03: Most SHFE base metals prices up on renewed positivity; Cu climbs 1.6%

With the exception of that for nickel, base metals prices on the Shanghai Futures Exchange were up at the close of the morning trading session on Tuesday March 31.

IN CASE YOU MISSED IT: 5 key stories from March 30

Here are five Fastmarkets stories you might have missed on Monday March 30 that are worth another look.