January 2020

LIVE FUTURES REPORT 17/01: LME zinc price notches 1.5% uptick; tin nears $18,000/t

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Friday January 17, with price action settling comfortably above the $2,400-per-tonne support level despite moderately low turnover across the complex, while a steady incline in LME tin saw prices breach nearby resistance.

LIVE FUTURES REPORT 17/01: LME zinc price climbs above $2,400/t; tin pushes higher

The three-month zinc price on the London Metal Exchange rose by 1% during morning trading on Friday January 17, holding above the $2,400 per tonne mark after breaching the mark earlier in the week.

SHFE STOCKS REPORT 17/01: SHFE lead stocks fall 32% week on week amid pre-holiday restocking

Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses plunged by 32.3% in the week to Friday January 17 after restocking demand from downstream plants ahead of the Chinese New Year holidays (January 24-30) continued over the period.

LIVE FUTURES REPORT 17/01: SHFE base metals prices mixed amid trade uncertainty; Ni drops 2.1%

Base metals prices on the Shanghai Futures Exchange were on divergent paths at the close of the morning trading session on Friday January 17, with lingering trade uncertainty broadly pressuring the complex.

LIVE FUTURES REPORT 16/01: LME nickel price tumbles 3.5%; tin gathers momentum

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday January 16, falling by more than 3.5% to settle below nearby resistance, while a steady upswing in tin’s outright price saw it close at a six-month high.

LIVE FUTURES REPORT 16/01: LME lead breaches $2,000/t in 2% price surge; zinc back above $2,400/t

The three-month lead price on the London Metal Exchange was higher during morning trading on Thursday January 16, with price action breaking past the $2,000-per-tonne resistance level against strong volumes, while zinc futures followed higher.

LIVE FUTURES REPORT 16/01: SHFE base metal prices broadly strengthen after US, China sign trade deal; copper little changed

Base metals prices on the Shanghai Futures Exchange were broadly up at the close of the morning trading session on Thursday January 16, with market sentiment buoyed by the signing of a “phase one” trade agreement between China and the United States on Wednesday.

GLOBAL TIN WRAP: Strong availability, firm LME price caps Europe premiums; US, China premiums firm

Global tin premiums remained flat in the week ended Tuesday January 14, with European market participants maintaining lackluster demand against strong availability of ingots across the region, while both the domestic markets in both the United States and China have shown a slow pickup in demand to start the year.

LIVE FUTURES REPORT 15/01: Strong buying sees LME lead price soar 2.5%; nickel back above $14,000

The three-month price of lead on the London Metal Exchange was higher at the close of trading on Wednesday January 15, climbing by more than 2.5% to close at its highest level since November 2019 amid high turnover, while a similar upswing in nickel futures saw the price breach nearby resistance.

HOTTER ON METALS: Shining a light on warehouse cancellations

The London Metal Exchange will on February 1 introduce a reporting process that will increase transparency into levels of off-warrant stocks.