September 2020

Zinc TCs down 40% on LatAm supply disruptions, short covering

Zinc concentrate treatment charges (TCs) have fallen sharply in September 2020, reversing a three-month upward trend because of supply tightness from South America, amid continuing disruptions resulting from the Covid-19 pandemic, putting pressure on traders and smelters to cover short positions.

LIVE FUTURES REPORT 30/09: LME copper price climbs 1.2% amid positive consumer confidence in US; lead suffers 1% slide

The three-month copper price on the London Metal Exchange was the standout performer at the close of trading on Wednesday September 30, after a significant uptick in consumer confidence in the United States.

BASE METALS WARRANT REPORT 30/09

Shanghai-bonded aluminium stocks surge to three-year high; copper grows on closed arb window

Arbitrage opportunities dictated metal stock movements in Shanghai's bonded zone over September, with substantial moves in copper, zinc and aluminium inventories.

GLOBAL ZINC & LEAD WRAP: US market gears up for mating season; Europe, US premiums flat

Global zinc and lead premiums remained unchanged across all regions in the week to Tuesday September 29, although increased buying appetite from Indian battery makers supported the Indian lead premium, Fastmarkets heard.

GLOBAL NICKEL WRAP: China nickel ore rally continues, sulfate dips; US briquette premium narrows

China nickel ore prices continued their ascent in the week to Tuesday September 29 - outstripping other regional prices - while United States briquette premiums narrowed at the bottom end of the range and consumers began to restock ahead of the fourth quarter, sources said.

SHFE STOCKS REPORT 30/09: Most base metals stocks continue to fall ahead of China’s National Day holiday

All base metals, with the exception of lead, recorded further declines of deliverable stocks in Shanghai Futures Exchange-approved warehouses during the week to Wednesday September 30, according to the exchange’s weekly inventory report.

IN FIGURES: China’s battery raw materials exports in August 2020

A summary of China’s battery raw materials exports for August 2020.

IN FIGURES: China's battery raw materials imports in August 2020

A summary of China's battery raw materials imports for August 2020.

LIVE FUTURES REPORT 30/09: LME copper price breaches $6,600/t despite 30kt fresh inflow

London Metal Exchange three-month base metals prices, with the exception of copper and tin, were trading down on the previous day’s close on Wednesday September 30, with encouraging Chinese manufacturing data eclipsed by a stronger dollar and continued uncertainty regarding US economic fiscal stimulus.