August 2020

LIVE FUTURES REPORT 13/08: LME complex under pressure; high zinc stocks push price below $2,400/t

Base metals prices on the London Metal Exchange were under pressure across the board this morning on Thursday August 13, with the copper price dipping 1.2%.

MORNING VIEW: Metals consolidate while traders await developments on US-China trade, US stimulus

Markets across the board were in consolidation mode this morning, Thursday August 13, with metals and Asian-Pacific equities mixed, while pre-market major western equity index futures were weaker.

IN CASE YOU MISSED IT: 5 key stories from August 12

Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.

Ammunition sales bolster US lead scrap prices

A spike in ammunition sales amid concerns over civil unrest in the United States in the wake of the death of George Floyd has boosted lead scrap prices, with increased demand for firearms putting domestic supplies under pressure.

BASE METALS WARRANT REPORT: 12/08

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 12.

LIVE FUTURES REPORT 12/08: LME copper price breaches $6,400 in high-volume trading; zinc struggles

The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday August 12, with high turnover during the day prompting a push beyond key resistance levels, while a morning inflow of 15,225 tonnes of zinc saw selling pressure continue into the close.

GLOBAL ZINC & LEAD WRAP: Stock build-up in SE Asia drags zinc premiums to one-year low

Zinc premiums in Singapore, Malaysia fell to their lowest level in a year on Tuesday August 11 due to stock building up in London Metal Exchange Southeast Asian warehouses.

LME off-warrant stock rises 8%; nearly 1 million tonnes now in Asia

The London Metal Exchange’s latest data shows a rise of 109,968 tonnes of off-warrant stock available outside of the LME network, including nearly 70,000 tonnes more aluminium.

LIVE FUTURES REPORT 12/08: LME nickel sinks 1.1%; zinc falters after 15kt inflow

The London Metal Exchange three-month nickel price made the biggest downward move during morning trading on Wednesday August 12, with selling pressure emerging overnight and in Asian trading sessions, while a fresh inflow of 15,225 tonnes pushed LME zinc lower.

MORNING VIEW: Metals prices under pressure, especially gold; broader markets mixed as they face crosswinds

Increased choppiness in the base metals in recent days suggests the bullish and bearish camps are getting more balanced and a new fight for supremacy is unfolding.