May 2020

LIVE FUTURES REPORT 29/05: Zinc price up 2.5% but still closes below $2,000

The three-month price of zinc on the London Metal Exchange rose by 2.50% during trading on Friday May 29 to close at $1,988 per tonne.

SHFE STOCKS REPORT 29/05: Copper stocks plunge 17%; lead gains 16%

Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses moved in different directions in the week to Friday May 29, with copper posting the biggest decline, while lead saw the biggest gains.

LIVE FUTURES REPORT 29/05: LME copper holds gains on 17kt cancellation; rest of complex subdued

The London Metal Exchange three-month copper price held on to the previous day’s gains during morning trading on Friday May 29, while a second consecutive day of fresh cancellations of metal offered support to LME copper futures.

MORNING VIEW: Markets mixed; participants remain nervous about US response to China over Hong Kong

Broader markets were generally weaker this morning, Friday May 29, while they wait for what United States President Donald Trump’s response will be to China’s plans to impose national security laws in Hong Kong.

LIVE FUTURES REPORT 28/05: LME copper price passes $5,300/t in 1.3% rise

The LME three-month copper price was again trading above the psychological $5,300-per-tonne level on Thursday May 28, ending the day up 1.3% day on day at $5,322.50 per tonne, buoyed by the fresh cancelation of 19,000 tonnes earlier in the day.

LIVE FUTURES REPORT 28/05: 19k cancellation supports copper; LME metals lackluster

Base metals prices were mixed during morning trading on Thursday May 28, with geopolitical tensions still weighing on the complex.

LIVE FUTURES REPORT 27/05: Negative US-China rhetoric caps LME base metals gains

Three-month prices for base metals on the London Metal Exchange, except aluminium, closed in negative territory after trading on Wednesday May 27, with futures prices capped by risk-off sentiment created by reignited tensions between the United States and China.

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

LIVE FUTURES REPORT 27/05: LME aluminium holds above $1,500/t despite 19kt fresh inflow

The London Metal Exchange three-month aluminium price held above $1,500 per tonne during morning trading on Wednesday May 27, despite a fresh inflow of 19,275 tonnes of material into LME sheds in Malaysia as of 9am.

MORNING VIEW: Markets mixed; rebound hopes running high, but participants remain nervous about US response to China over Hong Kong

Broad markets and the metals were mixed this morning, Wednesday May 27, while participants brace for what United States President Donald Trump’s response will be to China’s plans to impose national security laws in Hong Kong, which he said will be announced by the end of the week.