May 2019

LIVE FUTURES REPORT 20/05: LME nickel price slips below $12,000/t in slow London trading

The three-month nickel price on the London Metal Exchange fell by 0.7% below its traditional support level of $12,000 per tonne during morning trading on Monday May 20, although thin trading volumes have capped further downside movement.

MORNING VIEW: A shaky start to LME base metals prices on geopolitical uncertainties

Renewed selling interest on Friday May 17 has capped the upside from the slight rebound mid-last week and the metal markets generally look shaky in the early morning of Monday May 20.

LIVE FUTURES REPORT 17/05: LME base metals lower amid US dollar gains

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday May 17, with broad strength in the US dollar index pressuring commodity prices while trade tensions continue to deter investment.

SHFE STOCKS REPORT 17/05: Lead inventories spike by 15%, rest of complex post marginal falls

Lead stocks held in Shanghai Futures Exchange-approved warehouses leapt by approximately 15% week on week on Friday May 17 due to weak demand.

LIVE FUTURES REPORT 17/05: LME Al ignores 45kt cancelation in poor morning trading

Aluminium’s three-month price on the London Metal Exchange declined during morning trading on Friday May 17, falling by 0.3% and shrugging off just under 45,000 tonnes of freshly canceled material from LME-registered warehouses in Asia.

MORNING VIEW: LME base metals prices mostly weaker while cross winds cloud picture

The firmer tone of recent days has subsided this morning, Friday May 17, with some talk out of China that they are in no hurry to resume trade talks no doubt weighing on sentiment.

LIVE FUTURES REPORT 17/05: SHFE base metals prices mixed amid simmering US-China trade tensions; tin slides 0.7%

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Friday May 17, after positive US data releases overnight could offer only some respite from the continuing US-China trade war.

LIVE FUTURES REPORT 16/05: LME base metals trade higher despite thin volumes; tn price bucks trend

Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Thursday May 16, with trade uncertainties broadly priced in while a stronger dollar tempered commodity buying over the afternoon.

LIVE FUTURES REPORT 16/05: LME aluminium price climbs 0.5% amid 33kt fresh cancelation

Aluminium’s three-month price on the London Metal Exchange appreciated during morning trading on Thursday May 16, climbing to an intraday high of $1,864 per tonne after it was buoyed by a fresh cancelation of 33,050 tonnes.

MORNING VIEW: LME base metals consolidate against mixed background

Although metals markets were mixed this morning, Thursday May 16, the downward trends on the charts seem to have halted; key now will be whether buying and short-covering follows.