February 2020

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.

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.