January 2021

LIVE FUTURES REPORT 18/01: LME aluminium price dips on 112kt delivery; tin up 0.6%

The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18.

Britannia Global Markets to ascend to Cat 2 on LME in February

Britannia Global Markets’ application to become a category 2 broking member of the London Metal Exchange has been approved by the exchange, its parent company said on Monday January 18.

LIVE FUTURES REPORT 18/01: Mixed start to the week for LME base metals

LME base metals prices had a mixed start on the morning of January 18, despite positive economic data coming out of China, with copper and nickel rising but zinc falling, capped by a high US Dollar Index.

MORNING VIEW: Base metals prices supported by strong data out of China

The base metals on the London Metal Exchange were mainly stronger this morning, Monday January 18, aided by some strong economic data in China, including gross domestic product (GDP) that showed growth of 6.5% year on year in the fourth quarter, which was stronger than the 6.2% expected and up from 4.9% in the third quarter.

NEW ENERGY MATERIALS MARKET REPORT 15/01: Chinese domestic lithium chemical prices higher, tightening supply

An overview of the new energy materials markets and their price moves from the past week.

LIVE FUTURES REPORT 15/01: Zinc falls 2%; Copper drops below $8,000/t

The zinc price was the hardest hit as most base metals finished below their psychological price levels on Friday January 15, with a high US dollar resulting in further signs of consolidation taking hold at the London Metals Exchange.

SHFE STOCKS REPORT 15/01: Most base metals inventories fall; zinc up 23.3%

Most base metals recorded a decrease in inventory levels in Shanghai Futures Exchange-registered warehouses in the week to Friday January 15, with the exception of zinc and aluminium.

LIVE FUTURES REPORT 15/01: Zinc, nickel down by 1.4%; Cu below $8,000/t again

The London Metal Exchange base metals failed to hold on to the excitement from US President-elect Joe Biden’s speech overnight, with zinc and nickel the hardest hit and copper once again falling below $8,000 per tonne on Friday January 15 and most of complex trading in negative territory.

MORNING VIEW: LME base metals prices mainly weaker as rallies tire

The base metals on the London Metal Exchange were mainly weaker this morning, Friday January 15, while those on the Shanghai Futures Exchange were mainly firmer in line with the stronger Chinese fundamentals.

CHINA AUTO: Output, sales rise in December but both down 2% in 2020

Chinese automotive output and sales dipped by just 2% in 2020 from a year earlier after a sustained recovery in the second half of the year. Continuous year-on-year growth in December in both sales and output continued to provide support to upstream raw material prices.