March 2020

LIVE FUTURES REPORT 27/03: LME copper closes below $4,800/t threshold

The three-month copper price on the London Metal Exchange closed below the $4,800-per-tonne psychological threshold on Friday March 27, finishing at the day $4,790.50 per tonne with a turnover of just 11,475 lots.

SHFE STOCKS REPORT 27/03: Base metals' stocks down; lead stocks dive 38%

Base metals' stocks in Shanghai Futures Exchange-approved warehouses all fell over the week to Friday March 27, with lead, in particular, registering the biggest outflows.

LIVE FUTURES REPORT 27/03: Fresh cancellation sees LME tin price rise 2.7%; zinc improves

The three-month tin price on the London Metal Exchange was higher during morning trading on Friday March 27, with prices supported by a cancellation of 700 tonnes out of LME-registered warehouses in Port Klang, while zinc futures showed signs of improvement.

MORNING VIEW: Metals at interesting juncture as coronavirus drives production cuts

Markets are looking quite mixed this morning, Friday March 27, with most Asian-Pacific equity indices up, the pre-market Dow Jones Industrial Average (DJIA) down by 1.1%, while base metals prices on the London Metal Exchange and Shanghai Futures Exchange are up and gold is down from recent highs.

LIVE FUTURES REPORT 27/03: SHFE base metals prices rise on improved sentiment

Base metals prices on the Shanghai Futures Exchange were all up at the close of morning trading on Friday March 27, with the complex buoyed by positive performances in equity markets overnight and this morning.

LIVE FUTURES REPORT 26/03: Steady buying sees LME lead price climb 3%; copper holds above $4,800

The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Thursday March 26, climbing by just over 3% to close at its highest level since March 16, while copper futures found support above the $4,800 per tonne threshold.

LIVE FUTURES REPORT 26/03: Market volatility pushes LME copper down 1.5%; tin slips below $14,000/t

The London Metal Exchange three-month copper price declined during morning trading on Thursday March 26, with price action consolidating near the $4,800-per-tonne support level amid mild turnover, while tin futures failed to hold gains in a 2.4% downturn.

MORNING VIEW: Countertrend move runs out of steam as concerns rise

Governments’ massive efforts to support economies have provided some relief to markets and sentiment, but with the novel coronavirus (nCoV 2019) pandemic still spreading rapidly throughout Europe, the United States and elsewhere, there is still just too much uncertainty for markets to settle down.

LIVE FUTURES REPORT 26/03: SHFE base metals prices largely down; Ni, Pb up marginally

Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Thursday March 26, with the complex digesting news that the United States Senate had approved a $2-trillion stimulus package to shore up the US economy amid the novel coronavirus (2019-nCOV) pandemic.

BASE METALS WARRANT REPORT 25/03

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 25.