April 2020

LIVE FUTURES REPORT 21/04: LME copper loses gains in 2.3% downslide; tin below $15,000/t

The London Metal Exchange three-month copper price declined during morning trading on Tuesday April 21, threatening to dip below the key $5,000-per-tonne support level, while tin futures fell 2.5% despite a sizeable stock outflow.

MORNING VIEW: Metals, broader markets weaker; negative oil prices highlight how odd times are

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were weaker this morning, Tuesday April 21, and Asian-Pacific and pre-market major western equity indices were weaker too.

LIVE FUTURES REPORT 20/04: Strong buying in LME nickel futures sees price climb 3.7%; copper dips below $5,200/t

The three-month nickel price on the London Metal Exchange was the standout metal at the close of trading on Monday April 20, while the rest of the base metals complex remained pinned down amid broad risk aversion.

LME pauses required pre-trade transparency changes amid Covid-19 uncertainty

The London Metal Exchange has paused plans to implement pre-trade transparency (PTT) changes to its inter-office market, it said in a note to members on Monday April 20, citing the significant impact of Covid-19 in the postponement of the initiative.

LIVE FUTURES REPORT 20/04: LME nickel price outperforms in 2.8% rally; fresh 46kt inflow sends Al below $1,500/t

The three-month nickel price on the LME was trading at its highest level in more than a month on Monday April 20, while a large inflow of some 46,275 tonnes of primary aluminium put pressure on the light metal’s underlying price.

MORNING VIEW: Metals prices mainly firmer, wider markets mixed as corporate earnings loom

The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mainly firmer this morning, Monday April 20, but broader markets were mixed with equities braced for the release of corporate earnings.

LIVE FUTURES REPORT 17/04: LME zinc price closes above $1,950, nickel gains 2.55%

The three-month zinc price on the London Metal Exchange finished strong on Friday April 17, closing at $1,958 per tonne after steadily gaining through the week.

SHFE STOCKS REPORT 17/04: Base metals stocks fall across board; Aluminium down 5%

The were declines across the complex for deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses in the week ending Friday April 17, with aluminium stocks down by 5% amid a demand recovery, Fastmarkets understands.

LIVE FUTURES REPORT 17/04: LME nickel price rallies 2.4%; copper continues ascent

The three-month nickel price on the London Metal Exchange was the standout performer during morning trading on Friday April 17, pushing beyond the $12,000-per-tonne threshold for the first time in a month, while copper tested resistance at $5,200 per tonne.

LIVE FUTURES REPORT 16/04: LME copper price consolidates higher; aluminium holds above $1,500

The three-month copper price on the London Metal Exchange was little changed at the close of trading on Thursday April 16, holding above nearby support levels despite a 10-day low in turnover, while aluminium futures continued to find support above the $1,500 per tonne threshold.