April 2020

LIVE FUTURES REPORT 03/04: LME aluminium contract closes below $1,500 amid low turnover

The London Metal Exchange three-month aluminium price briefly breached the $1,500 per tonne mark, with an intraday high of $1,505 per tonne, but closed at $1,481.50 per tonne on Friday April 3.

LIVE FUTURES REPORT 03/04: Fresh 1,900t inflow cools LME tin price; copper nears $4,900/t

The three-month tin price on the London Metal Exchange fell by 1.3% during morning trading on Friday April 3 after 1,900 tonnes of tin was delivered into LME-registered warehouses, while copper continues to test nearby resistance levels.

SHFE STOCKS REPORT 03/04: Base metals stocks continue to tumble on resumed operations

Base metals' inventories in Shanghai Futures Exchange-approved warehouses continued to fall in the week ending Friday April 3, with lead registering the biggest outflows.

MORNING VIEW: Markets volatile, skeptical about Trump’s oil talk; traders brace for US employment report

Markets are mixed and on average weaker this morning, Friday April 3, after the rally on Thursday following a 20% rise in oil prices faded.

LIVE FUTURES REPORT 03/04: SHFE base metals prices mostly down; Cu, Al up marginally

Barring that of copper and aluminium, base metals prices on the Shanghai Futures Exchange were weaker during morning trading on Friday April 3.

LIVE FUTURES REPORT 02/04: LME zinc price tops complex in surprise upswing; Al fails to breach $1,500

The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Thursday April 2, climbing by 1.5% despite a three-month low in turnover, while an afternoon rally did little to push aluminium above nearby resistance.

LIVE FUTURES REPORT 02/04: Large 48kt inflow maintains LME Al under $1,500/t

The London Metal Exchange three-month aluminium price declined during morning trading on Thursday April 2, with a fresh inflow of more than 48,000 tonnes pressuring price action lower, while pandemic-related risk-aversion led the rest of the complex consolidate.

Newmont suspends Peñasquito lead-zinc mine on Mexico health emergency declaration

Newmont will close its Peñasquito lead-zinc-silver mine in Mexico after the country mandated the immediate suspension of all non-essential business until April 30.

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.