February 2020

BATTERY RAW MATERIALS MARKET REPORT 21/02: Cobalt hydroxide payables firm again amid nearby tightness

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

LIVE FUTURES REPORT 21/02: Downward pressure sees LME nickel price down 1.4%; lead fails to hold gains

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Friday February 21, closing at its lowest level since June 2019 against thin turnover, while lead futures failed to hold onto gains made earlier in the day.

AT A GLANCE: Vale records $1.56bln net loss in Q4 on impairment charges

Vale reported a net loss of $1.56 billion in the fourth quarter of 2019, compared with a net profit of $3.79 billion in the corresponding period a year earlier, due to impairment charges and provision expenses.

EUROPE STAINLESS STEEL: Prices stable, but March decreases expected on weaker nickel

The price of stainless steel in the European domestic market was unchanged in the week to Friday February 21, but decreases are expected for March due to weaker nickel values, sources told Fastmarkets.

SHFE STOCKS REPORT 21/02: Aluminium stocks soar by nearly 21%; zinc up by over 17%

Aluminium stocks in Shanghai Futures Exchange-approved warehouses increased the most in percentage terms in the week to Friday February 21, with inventories up by 20.9% to 409,635 tonnes.

LIVE FUTURES REPORT 21/02: LME nickel in 1.3% decline; copper little moved after 14kt fresh cancelation

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday February 21, with its price action now testing support at $12,500 per tonne, while a 14,000-tonne fresh cancelation failed to bolster copper’s futures price.

MORNING VIEW: Metals mainly weaker after coronavirus concerns escalate again

The equity markets barometer suggests concerns over the economic impact of the novel coronavirus (2019-nCoV) have picked up again over the past 24 hours, with Asian equities weaker this morning, Friday February 21, as are most of the metals.

LIVE FUTURES REPORT 21/02: SHFE base metals prices weaken on coronavirus jitters; Pb edges up by 0.2%

Base metals prices on the Shanghai Futures Exchange were broadly down at the close of morning trading on Friday February 21, with risk appetite weakening due to a rise in novel coronavirus (2019-nCoV) cases outside of China.

IN CASE YOU MISSED IT: 5 key stories from February 20

Here are five Fastmarkets stories you might have missed on Thursday February 20 that are worth another look.

LIVE FUTURES REPORT 20/02: LME zinc price tops losses in 1.3% slide; nickel closes below $12,700

The three-month zinc price on the London Metal Exchange was lower at the close of trading on Thursday February 20, falling by more than 1% but holding above the nearby support level, while nickel failed to reduce its losses despite low turnover.