February 2020

SHFE STOCKS REPORT 14/02: Base metals stocks continue to rise in China

Deliverable stocks for all base metals except tin and nickel in Shanghai Futures Exchange-approved warehouses soared in the week to Friday February 14 because downstream operations have not fully resumed after the Lunar New Year holiday due to the outbreak of the novel coronavirus (2019-nCoV) in China.

NEWSBREAK: LME Week Asia 2020 seminar postponed, dinner canceled

The LME Week Asia 2020 seminar has been postponed and the LME Asia Dinner has been canceled, due to the coronavirus outbreak, the London Metal Exchange said on Friday February 14.

MORNING VIEW: Metals prices consolidate near recent highs, waiting for fresh news

With no let-up in the number of coronavirus (2019-nCov) infections in China, the market is this morning, Friday February 14, waiting for signs that the virus is being contained.

LIVE FUTURES REPORT 14/02: SHFE base metals' trade paths diverge

Base metals prices on the Shanghai Futures Exchange diverged during the morning trading session on Friday February 14 amid sustained concerns over the novel coronavirus (2019-nCoV) situation in China.

LIVE FUTURES REPORT 13/02: Strong rebound sees LME lead up 1.7%; copper nears $5,800

The three-month price for lead on the London Metal Exchange was higher at the close of trading on Thursday February 13, nearing the $1,900 per tonne resistance level on a 1.7% uptick, while a positive close for LME copper saw it also approach nearby resistance.

LIVE FUTURES REPORT 13/02: Fresh 540t inflow does little to pressure LME tin price; lead tops gains

The three-month tin price on the London Metal Exchange consolidated during morning trading on Thursday February 13, with price action little affected by a 540-tonne inflow into LME-registered warehouses across Malaysia and Singapore, while lead futures gathered momentum over the morning.

China’s tin ore, concentrate imports down 14% in 2019

China imported 48,200 tonnes of tin ore and concentrate in 2019, a decrease of 14% from the prior year, according to data released by the International Tin Association (ITA) on Thursday February 13.

MORNING VIEW: Markets weaker as changes in coronavirus data cause more uncertainty

A spike in the reported death toll from the novel coronavirus (2019-nCov) in China led to a pullback in risk asset prices in early trading this morning, Thursday February 13, but the spike is not all what it seems.

LIVE FUTURES REPORT 13/02: SHFE base metals prices broadly up; Al bucks trend

With the exception of those for aluminium, base metals prices on the Shanghai Futures Exchange ended the morning trading session on Thursday February 13 slightly higher than their closes on Wednesday.

LIVE FUTURES REPORT 12/02: Low liquidity nudges LME copper price up; nickel holds above $13,000

The three-month price of copper on the London Metal Exchange edged higher at the close of trading on Wednesday February 12, staying firmly above the $5,700 per tonne support level despite low turnover, while nickel similarly held above nearby support.