February 2020

LIVE FUTURES REPORT 13/02: SHFE base metals prices broadly up; Al bucks trend

With the exception of those for aluminium, base metals prices on the Shanghai Futures Exchange ended the morning trading session on Thursday February 13 slightly higher than their closes on Wednesday.

LIVE FUTURES REPORT 12/02: Low liquidity nudges LME copper price up; nickel holds above $13,000

The three-month price of copper on the London Metal Exchange edged higher at the close of trading on Wednesday February 12, staying firmly above the $5,700 per tonne support level despite low turnover, while nickel similarly held above nearby support.

GLOBAL ZINC & LEAD WRAP: Indian lead premium jumps to highest since July 2019; zinc premiums steady

A falling London Metal Exchange lead price boosted buying interest in India, bringing the primary lead ingot premium to a seven-month high, but a switch in the zinc price spread to contango failed to entice appetite for the galvanizing metal in the week to Tuesday February 11.

LIVE FUTURES REPORT 12/02: LME aluminium holds amid 12kt outflow, 15kt fresh cancelation

The London Metal Exchange three-month aluminium price held firm amid a 12,425-tonne outflow of material and a 15,075-tonne fresh cancelation during the morning session on Wednesday February 12.

MORNING VIEW: Base metals prices consolidate, market waiting to gauge fallout from coronavirus epidemic

While equity markets remain buoyant on optimism that the spread of the novel coronavirus (2019-nCoV) may be slowing, the base metals seemed more circumspect on Wednesday February 12 as they wait to see what the fallout from the virus will be in terms of how much disruption the manufacturing sector is suffering.

LIVE FUTURES REPORT 12/02: SHFE base metals prices mixed amid lingering coronavirus concerns

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Wednesday February 12 amid lingering concerns over the spread of the novel coronavirus in China and its impact on the country’s economy.

IN CASE YOU MISSED IT: 5 key stories from February 11

Here are five Fastmarkets MB stories you might have missed on Tuesday February 11 that are worth another look.

WEEKLY BASE METAL PREMIUMS REPORT: 11/02

A summary of base metals premiums from across the globe for the week to Tuesday February 11.

LIVE FUTURES REPORT 11/02: LME base metals prices buoyed by fresh China liquidity boost

London Metal Exchange base metals prices were trading up at the close on Tuesday February 11, bolstered by a fresh injection of capital from the People’s Bank of China (PBoC).

BNP Paribas to take on SocGen OTC metals portfolio in auction deal

BNP Paribas will take on the over-the-counter (OTC) base and precious metal clients of fellow French bank Société Générale (SocGen), which is reducing its commodities exposure, both companies confirmed to Fastmarkets on Tuesday February 11.