May 2020

LIVE FUTURES REPORT 20/05: LME copper breaches $5,400/t in 1.6% uptick; China arb narrows

The London Metal Exchange three-month copper price closed trading on Wednesday May 20 higher, on optimism of a possible slowing in the coronavirus-related economic downturn and while buying in the LME drove the price up and reduced arbitrage profits.

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

GLOBAL COPPER WRAP: Shanghai premiums slip after hitting 2015 highs, consumption lags elsewhere

China remained the focus of global copper cathode trading over the past week, with premiums there rising to the highest level since 2015 before easing on Tuesday. Elsewhere, the market is still waiting for a full return of manufacturing in the United States and major European economies after the Covid-19 lockdowns.

LIVE FUTURES REPORT 20/05: LME aluminium subject to 35kt inflow; tin gains 1.2%

The London Metal Exchange three-month aluminium price was once more capped by a significant fresh inflow of material during morning trading on Wednesday May 20, with 35,300 tonnes of metal put back into LME-approved sheds as of 9am.

IN CASE YOU MISSED IT: 5 key stories from May 19

Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.

LIVE FUTURES REPORT 19/05: 26.5kt inflow caps gains in LME aluminium; nickel gains 1.6%

Aluminium was the only LME three-month base metals contract to close negatively on Tuesday May 19, with gains in aluminium futures capped by a 26,500-tonne fresh inflow as of 9am.

LIVE FUTURES REPORT 19/05: LME base metals prices consolidate; nickel holds gains

Three-month base metals prices on the London Metal Exchange were slightly lower during morning trading on Tuesday May 19, supported by continued market optimism over easing coronavirus restrictions, except nickel which climbed further over the morning.

MORNING VIEW: Broader markets generally buoyant on positive Covid-19 vaccine data, metals prices consolidate

Base metals prices are consolidating this morning, Tuesday February 19, following strong performances on Monday, when markets in general reacted to reports that a Covid-19 virus vaccine showed some encouraging results in an early-stage trial.

IN CASE YOU MISSED IT: 5 key stories from May 18

Here are five Fastmarkets stories you might have missed on Monday May 18 that are worth another look.

HOTTER ON METALS: Looking for LUV in the time of Covid-19

How long it will take the global economy to recover from the Covid-19 pandemic is anyone’s guess right now.