April 2020

MORNING VIEW: Markets quiet as traders brace for US unemployment data

Markets seem to be in the calm before the United States employment data storm this morning, Thursday April 2, with metals prices mixed, trading volume low and not much movement on equity indices for a change.

LIVE FUTURES REPORT 02/04: SHFE base metals prices mixed on rising risk aversion

Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Thursday April 2, with the complex pressured by rising risk-off sentiment due to the ongoing Covid-19 pandemic.

LIVE FUTURES REPORT 01/04: LME copper price holds at $4,800/t; Al sinks below $1,500/t

The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday April 1, with price action shedding some $133.50 per tonne against moderate volumes, while continued inflows saw aluminium futures dip below nearby support.

BASE METALS WARRANT REPORT 01/04

SUBSCRIBER NOTICE: Suspension of Asia-hours Live Futures Reports

Fastmarkets will suspend the publication of the first Live Futures Report of the day from Monday April 6.

PEOPLE MOVES: Sucden hires fund manager Hodge to build price averaging business

Thomas Hodge is the new head of London Metal Exchange average price trading at commodity broker Sucden Financial, the company said in a notice on Wednesday April 1.

GLOBAL ZINC & LEAD WRAP: Spot trading interest for zinc, lead lackluster on industrial shutdowns

Spot appetite for zinc and lead was minimal in the week to Tuesday March 31, with industrial activities scaled down amid the global Covid-19 outbreak.

LIVE FUTURES REPORT 01/04: LME base metals prices weaken on waning optimism

Three-month base metals prices on the London Metal Exchange were capped during the morning session on Wednesday April 1, with the previous day’s gains wiped out after a brief rally precipitated by positive data from China and month-end book squaring abruptly halted.

Key takeaways from the latest Base Metals Market Tracker

The latest forecast from Fastmarkets’ team of analysts is ready to view.

MORNING VIEW: Volatility in metals prices likely to increase ahead of key economic data

China’s Caixin manufacturing purchasing managers’ index (PMI) was released earlier on Wednesday April 1; it rebounded to 50.1 in March from 40.3 in February, which supports the rebound in the official PMI data released on Tuesday - another sign that purchasing managers reported conditions were just “better” in March than they were a month earlier.