April 2021

LIVE FUTURES REPORT 19/04: LME copper price up 2%; tin breaches $27,000/t

Copper’s London Metal Exchange three-month price continued on the upside with a rise to $9,415 per tonne on the morning of Monday April 19, while tin’s price was also up 1.6% and nickel’s futures undid its Friday gains.

MORNING VIEW: Base metals prices mixed, broader markets generally positive

Base metals prices were mixed on both the London Metal Exchange and the Shanghai Futures Exchange this morning, Monday April 19, while broader markets were generally upbeat, save in India where a surge in Covid-19 infections is weighing on equities.

LIVE FUTURES REPORT 16/04: Gains of over 3% for LME copper, zinc, lead and tin in the week

Almost all base metal futures prices rose by over 3% in the week ending Friday April 16, despite falling lower from their readings on Thursday, boosted in part by a US dollar index that has been at its lowest in a month.

SHFE STOCKS REPORT 16/04: Lead inventories up by 24.1%; tin down 5.9%

Lead stocks in Shanghai Futures Exchange-registered warehouses climbed by 24.1% in the week to Friday April 16, due to seasonal weakness, while production cuts in Yunnan province caused tin inventories to fall 5.9%.

Furnace failure at MSC Penang tin smelter puts pressure on new Port Klang facility

Failure of two furnaces at the Malaysia Smelting Corp's (MSC) main tin smelter in Penang will cause disruptions to shipments, while the company said that it would seek to increase production in its new facility near Port Klang to fulfill its orders.

LIVE FUTURES REPORT 16/04: LME nickel, lead rise, while copper consolidates after Thursday surge

Nickel and lead futures prices on the London Metal Exchange pushed up on the morning of Friday April 16, while most other metals consolidated after a Thursday session that saw copper pulling along most of the other base metals.

MORNING VIEW: Robust Chinese economic data supports metals prices in Shanghai; LME metals consolidate

Base metals prices on the Shanghai Futures Exchange were for the most part stronger this morning, Friday April 16, supported by robust economic data, while the base metals on the London Metal Exchange were consolidating after yesterday’s strength, which followed strong US data.

LIVE FUTURES REPORT 15/04: LME copper jumps above $9,200, year-to-date high for aluminium

Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.

LIVE FUTURES REPORT 15/04: LME aluminium at new highs; copper, lead up 1%

London Metal Exchange aluminium continued to reach new multi-year highs while copper and lead were up by 1% on Thursday April 15 morning while nickel and tin fell from their Wednesday gains.

MORNING VIEW: Base metals prices more upbeat than of late, led by aluminium

Base metals prices on the London Metal Exchange have been edging higher in recent days, although this morning, Thursday April 15, they were looking mixed, while those on the Shanghai Futures Exchange were for the most part firmer.