February 2020

LIVE FUTURES REPORT 18/02: Fresh 1kt inflow fails to rattle LME tin price; nickel slides 1.4%

The three-month tin price on the London Metal Exchange was little moved during morning trading on Tuesday February 18, with the largest single inflow in two months having a muted effect on price action, while nickel futures slipped below $13,000 per tonne.

MORNING VIEW: Base metals prices mixed, but broader markets have second thoughts about coronavirus impact

Broader markets, mainly equity indices, have been fairly complacent about the potential negative economic impacts of the coronavirus (2019-nCov). But this morning, Tuesday February 18, that may be changing with Asian equities down across the board as more companies and countries get jittery.

LIVE FUTURES REPORT 18/02: SHFE base metals prices drift downward; Al bucks trend with 0.2% gain

With the exception of those for aluminium, base metals prices on the Shanghai Futures Exchange were down at the close of the morning session on Tuesday February 18 as investors seemingly shrugged off further stimulus measures by China on Monday.

LIVE FUTURES REPORT 17/02: LME copper price breaches $5,800 despite low turnover; zinc finds support

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday February 17, topping gains across the base-metals complex despite low trading volumes, while zinc gathered momentum over the afternoon but remained rangebound.

LIVE FUTURES REPORT 17/02: LME copper price pushes above $5,800/t after fresh cancelation; nickel supported

The three-month copper price on the London Metal Exchange was higher during morning trading on Monday February 17, climbing above nearby resistance against high turnover, while nickel held above $13,000 per tonne.

MORNING VIEW: Metals prices generally buoyant after China adds further financial stimulus

China’s race to contain the coronavirus (2019-nCov), combined with its financial stimulus, are providing the markets with more than enough hope, with risk-on being seen across most of the metals and many equity indices, especially in western markets, this morning, Monday February 17.

LIVE FUTURES REPORT 17/02: SHFE base metals rangebound amid air of caution

Base metals prices on the Shanghai Futures Exchange were rangebound during morning trading on Monday February 17 with pessimism caused by the novel coronavirus (2019-nCoV) outbreak in China being tempered slightly by an announcement by the country’s finance minister over the weekend.

IN CASE YOU MISSED IT: 5 key stories from February 14

Here are five Fastmarkets MB stories you might have missed on Friday February 14 that are worth another look.

LIVE FUTURES REPORT 14/02: LME copper price fails to breach $5,800/t, nickel above $13,000/t

Copper and nickel prices ended the trading week higher on London Metal Exchange on Friday February 14 than a week ago although aluminium and zinc were depressed.

LIVE FUTURES REPORT 14/02: Fresh 2.5kt inflow caps LME zinc price; Al down 1% despite stock drawdowns

The three-month zinc price on the London Metal Exchange was lower during morning trading on Friday February 14, with positive price action stymied by a fresh inflow of some 2,475 tonnes, while ongoing drawdowns in aluminium failed to bolster its falling price.