March 2020

LIVE FUTURES REPORT 27/03: LME copper closes below $4,800/t threshold

The three-month copper price on the London Metal Exchange closed below the $4,800-per-tonne psychological threshold on Friday March 27, finishing at the day $4,790.50 per tonne with a turnover of just 11,475 lots.

BATTERY RAW MATERIALS MARKET REPORT 27/03: Raw material supply concerns stem cobalt sulfate downturn

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

SHFE STOCKS REPORT 27/03: Base metals' stocks down; lead stocks dive 38%

Base metals' stocks in Shanghai Futures Exchange-approved warehouses all fell over the week to Friday March 27, with lead, in particular, registering the biggest outflows.

LIVE FUTURES REPORT 27/03: Fresh cancellation sees LME tin price rise 2.7%; zinc improves

The three-month tin price on the London Metal Exchange was higher during morning trading on Friday March 27, with prices supported by a cancellation of 700 tonnes out of LME-registered warehouses in Port Klang, while zinc futures showed signs of improvement.

MORNING VIEW: Metals at interesting juncture as coronavirus drives production cuts

Markets are looking quite mixed this morning, Friday March 27, with most Asian-Pacific equity indices up, the pre-market Dow Jones Industrial Average (DJIA) down by 1.1%, while base metals prices on the London Metal Exchange and Shanghai Futures Exchange are up and gold is down from recent highs.

LIVE FUTURES REPORT 27/03: SHFE base metals prices rise on improved sentiment

Base metals prices on the Shanghai Futures Exchange were all up at the close of morning trading on Friday March 27, with the complex buoyed by positive performances in equity markets overnight and this morning.

IN CASE YOU MISSED IT: 5 key stories from March 26

Here are five Fastmarkets stories you might have missed on Thursday March 26 that are worth another look.

LIVE FUTURES REPORT 26/03: Steady buying sees LME lead price climb 3%; copper holds above $4,800

The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Thursday March 26, climbing by just over 3% to close at its highest level since March 16, while copper futures found support above the $4,800 per tonne threshold.

Glencore places some nickel, zinc, ferro-alloys ops on care and maintenance

Glencore is placing its Raglan nickel, Matagami zinc and South African ferro-alloys operations on care and maintenance in response to Covid-19, the company said.

LIVE FUTURES REPORT 26/03: Market volatility pushes LME copper down 1.5%; tin slips below $14,000/t

The London Metal Exchange three-month copper price declined during morning trading on Thursday March 26, with price action consolidating near the $4,800-per-tonne support level amid mild turnover, while tin futures failed to hold gains in a 2.4% downturn.