April 2020

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.

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.

GLOBAL NICKEL WRAP: US premiums on divergent paths; Asian market weakens, Europe flat

Producer stoppages while the Covid-19 pandemic worsens caused nickel briquette premiums to rise in the United States this week, while Chinese nickel full-plate cathode premiums fell on steeper arbitrage losses.

LIVE FUTURES REPORT 01/04: LME copper price holds at $4,800/t; Al sinks below $1,500/t

The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday April 1, with price action shedding some $133.50 per tonne against moderate volumes, while continued inflows saw aluminium futures dip below nearby support.


SUBSCRIBER NOTICE: Suspension of Asia-hours Live Futures Reports

Fastmarkets will suspend the publication of the first Live Futures Report of the day from Monday April 6.

PEOPLE MOVES: Sucden hires fund manager Hodge to build price averaging business

Thomas Hodge is the new head of London Metal Exchange average price trading at commodity broker Sucden Financial, the company said in a notice on Wednesday April 1.