July 2019

LIVE FUTURES REPORT 22/07: LME nickel price holds above $14,000/t despite 3% drop; tin climbs higher

Nickel’s three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin’s 1.3% climb.

LIVE FUTURES REPORT 22/07: Base metals drift on weak macro; Ni down 2.3%

The prices paid for base metals traded on the London Metal Exchange were almost universally suppressed during morning trading on Monday July 22, with uninspiring macro data precipitating thin trading volumes

MORNING VIEW: LME base metals prices correct while traders reconsider US rate cut expectations

Rising tension over Iran and a reduction in expectations on the size of the next US Federal Reserve rate cut were weighing on sentiment this morning, Monday July 22.

LIVE FUTURES REPORT 22/07: SHFE base metals prices retreat; nickel slumps 2.8%

Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Monday July 22, with nickel and zinc leading the decline with drops of 2.8% and 1.7% respectively.

LIVE FUTURES 19/07: Copper up 1.65% on strong volumes; nickel down

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex.

BATTERY RAW MATERIALS MARKET REPORT 19/07: Speculative buying pushes Chinese cobalt prices slightly higher

An overview of the battery raw materials markets and their latest price moves.

SHFE STOCKS REPORT 19/07: Copper stocks rise over 6% amid low demand, renewed US-China trade concerns

Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world’s two largest economies.

EXCLUSIVE: LME to go ahead with QBRC reform; warehouse consultation expected

The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets.

EUROPE STAINLESS STEEL: Price range narrows up anticipating higher alloy surcharges

The price range for grade-304 flat stainless steel products in Europe narrowed upward this week, with participants anticipating an increase in the alloy surcharges for August, sources told Fastmarkets on Friday June 19.

LIVE FUTURES REPORT 19/07: LME nickel price softens amid moderate turnover; copper rallies above $6,000/t

Nickel’s three-month price on the London Metal Exchange was lower during morning trading on Friday June 19, with the metal’s weeklong price rally cooling across Asian trading hours.