March 2020

MORNING VIEW: Risk-off dominated in Asian trading, but some rebound being seen as Europe opens

While risk-off dominates and even though governments are prepared to throw money at the financial system and into economies and households, the likelihood is that more factories will close, household spending will fall, as will demand for raw materials, but there may be some dead cat bounces along the way.

LIVE FUTURES REPORT 19/03: SHFE base metals prices down heavily again; Sn plunges 7.8%

Base metals prices on the Shanghai Futures Exchange were down across the board at the close of morning trading on Thursday March 19 amid continued broad-based risk aversion, with tin leading the complex lower with a drop of 7.8%.

FOCUS: Steep declines for LME base metals prices amid coronavirus pandemic; copper down 22% since Jan [CORRECTED]

A round-up of the London Metal Exchange three-month base metals price movements following the outbreak and subsequent spread of the novel coronavirus (2019-nCoV).

Coronavirus impact hits US stainless scrap prices

Stainless steel scrap prices in the United States are being driven downward amid a major lockdown of essential industries as a result of efforts to contain the spread of the novel coronavirus (2019-nCoV).

BASE METALS WARRANT REPORT 18/03

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 18.

LIVE FUTURES REPORT 18/03: LME copper price sinks by 8% to lowest in three-and-a-half years

The LME copper price was sharply lower at the close of trading on Wednesday March 18, dropping by more than 8% because of broad-based risk-aversion, but the LME lead price surprisingly made gains over the afternoon.

GLOBAL NICKEL WRAP: Covid-19 pandemic dictates mixed moves for nickel premiums

Nickel briquette premiums fall in the United States on declining spot demand, while all Chinese premiums rose on better arbitrage opportunities and European premiums were flat amid little trade in the week to Tuesday March 17.

LIVE FUTURES REPORT 18/03: LME copper sheds 4.7%; further capped by 15kt fresh inflow[UPDATED]

The London Metal Exchange three-month copper price was trading down 4.7% during the morning session on Wednesday March 18, with a second day of inflows into LME-approved global warehouses continuing to heap pressure on prices.

MORNING VIEW: Shake-out in base metals continues but some production also now being cut

Despite massive rescue packages announced by governments around the world, equity indices are still falling - as are most of the base metals - this morning, Wednesday March 18.

LIVE FUTURES REPORT 18/03: SHFE base metals prices continue to slide; Sn falls 3.6%

Base metals prices on the Shanghai Futures Exchange were down across the board at the close of morning trading on Wednesday March 18, with the complex still under the influence of heightened risk aversion stemming from the spread of the novel coronavirus (2019-nCoV) and its impact on the global economy.