September 2019

LIVE FUTURES REPORT 17/09: LME nickel price sinks below $17,000/t in sluggish morning trade

Nickel fell on the London Metal Exchange during morning trading on Tuesday September 17 to below nearby support levels while the other base metals drifted lower in low-liquidity conditions.

MORNING VIEW: Metals lose support while higher oil prices cloud outlook

Higher oil prices are not going to do the manufacturing sector any favors, other than in parts of the oil industry itself, and that seems to be being reflected in the markets where prices are under pressure again this morning, Tuesday September 17.

LIVE FUTURES REPORT 17/09: SHFE base metals prices down amid elevated risk aversion

Base metals prices on the Shanghai Futures Exchange were down during the morning trading session on Tuesday September 17, with risk aversion still heightened following an attack on Saudi Arabian oil facilities over the weekend.

IN CASE YOU MISSED IT: 5 key stories from September 16

Here are five Fastmarkets MB stories you might have missed on Monday September 16 that are worth another look.

LIVE FUTURES REPORT 16/09: LME copper price sinks below $5,900 in afternoon downturn; nickel sell-off continues

The three-month copper price on the London Metal Exchange was lower at the close of trading on Monday September 16, below nearby support levels, while a continued sell-off in nickel futures saw that commodity’s outright price fall by 2.6%.

LME WEEK 2019: What’s on and where?

London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on Sunday October 27.

Freeport’s Indonesian copper concentrates export quota tripled; tight availability easing

Copper miner PT Freeport’s export license for copper concentrates has been tripled by the Indonesian Energy and Mineral Resources Ministry for the March 2019-March 2020 period, Fastmarkets has learned.

Extra Grasberg offers appear on copper conc spot market after Freeport receives new export licenses

More Grasberg copper concentrates are being offered to the spot market after Freeport-McMoRan received extra export licenses from the Indonesian government to sell mined output overseas, the miner told Fastmarkets on Friday September 13.

LIVE FUTURES REPORT 16/09: LME nickel price falls 2.5% despite outflows; copper holds above $5,900/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday September 16, retreating toward $17,300 per tonne, ignoring stock outflows that have brought on-warrant material down to its lowest level in eight years.

MORNING VIEW: Poor Chinese economic data, sharply higher oil prices drag LME base metal prices lower

Over the past week the metals have looked stronger and some dovish comments by United States President Donald Trump over US-China trade relations seem to have provided a slight confidence boost, but headwinds are being felt this morning, Monday September 16.