March 2020

LIVE FUTURES REPORT 30/03: LME aluminium price sinks 1.4% to hit 4-yr low at close; lead pushes past $1,700/t

The three-month aluminium price on the London Metal Exchange continued its decline at the close of trading on Monday March 30, settling at its lowest level since April 2016, while a steady uptick in lead saw its outright price close at a two-week high.

Spot zinc concentrate TCs swing from highs to lows as key mining regions hit lockdown

Zinc concentrate treatment charges (TCs) are dropping in China with smelters and traders scrambling to cover shortfalls in supply feed left by shuttered mines.

LIVE FUTURES REPORT 30/03: Fresh 24kt inflow pressures LME aluminium price; risk-off sentiment sees complex weaker

The three-month aluminium price on the London Metal Exchange was lower during morning trading on Monday March 30, with price action falling by around 1.6% after more than 24,000 tonnes of metal was delivered back to LME-registered warehouses across Asia.

MORNING VIEW: Base metals prices face numerous cross currents

Markets were looking quite mixed this morning, Monday March 30, with most Asian-Pacific equity indices down, the pre-market Dow Jones Industrial Average up by 0.2%, oil prices down by around 5% and the base metals prices mixed.

LIVE FUTURES REPORT 30/03: SHFE base metals prices retreat on surge in coronavirus cases

Base metals prices on the Shanghai Futures Exchange were down across the board at the close of morning trading on Monday March 30, with aluminium leading the complex lower with a fall of 2.1%.

LIVE FUTURES REPORT 27/03: LME copper closes below $4,800/t threshold

The three-month copper price on the London Metal Exchange closed below the $4,800-per-tonne psychological threshold on Friday March 27, finishing at the day $4,790.50 per tonne with a turnover of just 11,475 lots.

Nexa Resources drops 2020 guidance with Peru lockdown extended to April 12

Brazilian polymetallic producer Nexa Resources suspended its full-year 2020 guidance after the Peruvian government extended its state of emergency declaration until April 12, forcing domestic mines to remain idled, the company said on Thursday March 26.

SHFE STOCKS REPORT 27/03: Base metals' stocks down; lead stocks dive 38%

Base metals' stocks in Shanghai Futures Exchange-approved warehouses all fell over the week to Friday March 27, with lead, in particular, registering the biggest outflows.

LIVE FUTURES REPORT 27/03: Fresh cancellation sees LME tin price rise 2.7%; zinc improves

The three-month tin price on the London Metal Exchange was higher during morning trading on Friday March 27, with prices supported by a cancellation of 700 tonnes out of LME-registered warehouses in Port Klang, while zinc futures showed signs of improvement.

MORNING VIEW: Metals at interesting juncture as coronavirus drives production cuts

Markets are looking quite mixed this morning, Friday March 27, with most Asian-Pacific equity indices up, the pre-market Dow Jones Industrial Average (DJIA) down by 1.1%, while base metals prices on the London Metal Exchange and Shanghai Futures Exchange are up and gold is down from recent highs.