January 2020

LIVE FUTURES REPORT 17/01: LME zinc price notches 1.5% uptick; tin nears $18,000/t

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Friday January 17, with price action settling comfortably above the $2,400-per-tonne support level despite moderately low turnover across the complex, while a steady incline in LME tin saw prices breach nearby resistance.

EUROPE STAINLESS STEEL: Flat nickel trend bodes well for price stability

The price of stainless steel in the European domestic market was unchanged this week, with sources expecting this stability to persist into February on a relatively flat price development in the nickel market, Fastmarkets learned on Friday January 17.

BATTERY RAW MATERIALS MARKET REPORT 17/01: Cobalt intermediates, metal prices continue steady rise

An overview of the battery raw materials markets and their price moves from the past week.

LIVE FUTURES REPORT 17/01: LME zinc price climbs above $2,400/t; tin pushes higher

The three-month zinc price on the London Metal Exchange rose by 1% during morning trading on Friday January 17, holding above the $2,400 per tonne mark after breaching the mark earlier in the week.

SHFE STOCKS REPORT 17/01: SHFE lead stocks fall 32% week on week amid pre-holiday restocking

Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses plunged by 32.3% in the week to Friday January 17 after restocking demand from downstream plants ahead of the Chinese New Year holidays (January 24-30) continued over the period.

LIVE FUTURES REPORT 17/01: SHFE base metals prices mixed amid trade uncertainty; Ni drops 2.1%

Base metals prices on the Shanghai Futures Exchange were on divergent paths at the close of the morning trading session on Friday January 17, with lingering trade uncertainty broadly pressuring the complex.

LIVE FUTURES REPORT 16/01: LME nickel price tumbles 3.5%; tin gathers momentum

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday January 16, falling by more than 3.5% to settle below nearby resistance, while a steady upswing in tin’s outright price saw it close at a six-month high.

LIVE FUTURES REPORT 16/01: LME lead breaches $2,000/t in 2% price surge; zinc back above $2,400/t

The three-month lead price on the London Metal Exchange was higher during morning trading on Thursday January 16, with price action breaking past the $2,000-per-tonne resistance level against strong volumes, while zinc futures followed higher.

Chinese stainless steel prices dip ahead of Lunar New Year

China’s stainless steel prices decreased slightly ahead of the upcoming January 24-30 Chinese New Year holiday amid sluggish trading due to a segment of the market already starting their breaks well in advance.

LIVE FUTURES REPORT 16/01: SHFE base metal prices broadly strengthen after US, China sign trade deal; copper little changed

Base metals prices on the Shanghai Futures Exchange were broadly up at the close of the morning trading session on Thursday January 16, with market sentiment buoyed by the signing of a “phase one” trade agreement between China and the United States on Wednesday.