February 2020

LIVE FUTURES REPORT 26/02: LME lead price drops 2%; base metals prices muted

Lead was the worst performer on the London Metal Exchange at the close on Wednesday February 26, wiping out all gains it made on Tuesday.

LIVE FUTURES REPORT 26/02: 62kt fresh inflow pressures LME copper; nickel suffers losses [CORRECTED]

The London Metal Exchange three-month copper price fell in the morning of Wednesday February 26, with fresh inflow of 62,335 tonnes across various locations putting pressure on the price.

MORNING VIEW: Metals on back footing as equity indices undergo reality check

Base metals prices were for the most part weaker this morning, Wednesday February 26, weighed down by further weakness from global equity markets that have in recent days been shaken from their complacency.

LIVE FUTURES REPORT 26/02: SHFE base metals prices continue to react poorly to coronavirus news

Base metals prices on the Shanghai Futures Exchange were all down at the close of the morning session on Wednesday February 26, with persistent concerns over the economic impact of the novel coronavirus (2019-nCoV) outbreak weighing on the market.

WEEKLY BASE METAL PREMIUMS REPORT: 25/02

A summary of base metals premiums from across the globe for the week to Tuesday February 25.

LIVE FUTURES REPORT 25/02: LME zinc shows 0.3% decline; lead tops gains in 2% uptick

The three-month zinc price on the London Metal Exchange was lower at the close of trading on Tuesday February 25, with the price edging down by 0.3% in a broadly positive trading afternoon, while lead futures topped the base-metals complex.

LIVE FUTURES REPORT 25/02: Selling pressure cools with LME nickel price climbing 1.7%; tin gains 1.1%

The three-month nickel price on the London Metal Exchange outperformed its peers across morning trading on Tuesday February 25, with all base metals trading in positive territory, while complex-wide selling pressure that emerged on Monday afternoon continued to ease.

MORNING VIEW: Markets pause to adjust to Monday’s sell-off, but little has changed for the better

Consolidation across a broad section of markets is underway this morning, Tuesday February 25, while Monday’s sell-offs pause as markets adjust to lower prices, but little has changed for the better.

LIVE FUTURES REPORT 25/02: Broad-based weakness continues in SHFE base metals; Pb bucks trend

With the exception of that for lead, base metals prices on the Shanghai Futures Exchange were down at the close of the morning session on Tuesday February 25, with heightened risk aversion after a sell-off in global equity markets overnight pressuring the market.

LIVE FUTURES REPORT 24/02: Coronavirus fears push LME zinc price down 2.7%; copper follows amid risk-off sentiment

The three-month zinc price on the London Metal Exchange fell by more than 2% at the close of trading on Monday February 24, with downward moves taking it to its its lowest close since July 2016, while broad risk-off sentiment across the base-metals complex saw copper lose 1.2% of its outright price.