September 2019

LIVE FUTURES REPORT 13/09: LME copper price nears $6,000 per tonne in 2% upturn; tin below $17,000

The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday September 13, with the price near the $6,000 per tonne resistance level and closing at its highest level since July 29, while tin’s outright price fell over the afternoon.

LSE rejects $37bln HKEX bid citing 'fundmental concerns'

London Stock Exchange Group (LSEG) has rejected Hong Kong Exchanges & Clearing's (HKEX) unsolicited bid for the company and remains committed to a proposed acquisition of data provider Refinitiv, it said in a release on Friday September 13.

LIVE FUTURES REPORT 13/09: Fresh 12kt inflow tempers LME nickel price; copper remains supported

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday September 13, declining by around 2.7% against a fresh inflow of some 12,000 tonnes, while copper futures continued to trade in an uptrend.

LIVE FUTURES REPORT 12/09: LME nickel spreads tighten; price closes below $18,000 per tonne

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday September 12, while considerable tightness in the metal’s forward spreads prompted market questions of prospective deliveries into LME warehouses to ease trading conditions.

FOCUS: Metals industry sees roadblocks to HKEX-LSE deal

The proposal by Hong Kong Exchanges & Clearing Ltd (HKEX) to buy the London Stock Exchange Group (LSEG) has raised a number of questions among metals market participants, most of whom are skeptical that the deal will go through during a time of political upheaval.

SHFE STOCKS REPORT 12/09: Copper inventories fall 6% ahead of peak consumption season

All base metal stocks at Shanghai Futures Exchange-approved warehouses, barring tin, fell in the week to Thursday September 12 as a result of a pick-up in activity at the start of the traditionally busy season of September and October for the non-ferrous metals sector.

LIVE FUTURES REPORT 12/09: LME copper price nears $5,900/t in 2% climb; nickel regains momentum

The three-month copper price on the London Metal Exchange approached its highest level since August 1 during morning trading on Thursday September 12 amid high morning turnover, while the nickel price also appreciated by 2%.

LIVE FUTURES REPORT 12/09: SHFE base metals prices little changed ahead of China holiday

Base metals prices on the Shanghai Futures Exchange were little changed during the morning session on Thursday September 12, with trading activity light ahead of a national holiday in China on Friday to mark the Mid-Autumn Festival.

LIVE FUTURES REPORT 11/09: LME tin price at 12-week high; nickel slips below $18,000 per tonne

The three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw nickel fall through its nearby $18,000 per tonne support level.

BASE METALS WARRANT REPORT 11/09

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 11.