May 2019

LIVE FUTURES REPORT 24/05: LME nickel price rockets 4% on short-covering; copper holds below $6,000/t

The three-month nickel price on the London Metal Exchange climbed by more than 4% at the close of trading on Friday May 24, soaring beyond $12,300 per tonne amid a slight softening of the dollar index and while investors seek to cover shorts ahead of the UK bank holiday next week.

LIVE FUTURES REPORT 24/05: Strong Asian buying pushes LME nickel up 2.5%; Al climbs amid 10kt fresh cancelation

Nickel’s three-month price on the London Metal Exchange increased by more than 2.5% during morning trading on Friday May 24, with its price action appreciating back over $12,000 per tonne while its volumes traded led the complex.

SHFE STOCKS REPORT 24/05: Nickel inventories up marginally amid muted demand, other metals post declines

Deliverable nickel stocks in Shanghai Futures Exchange-approved warehouses edged up by 3.1% week on week on Friday May 24 amid weakened demand for the metal, while inventories of the other base metals all declined.

MORNING VIEW: LME base metals steady themselves after recent weakness stemming from trade war, disappointing PMI data

A broad base of markets have steadied themselves this morning, Friday May 24, following the risk-off that unfolded over Wednesday and Thursday and was driven by deteriorating US-China trade relations and further weakness in flash purchasing managers’ index (PMI) data.

LIVE FUTURES REPORT 24/05: Softer dollar provides some relief for SHFE base metals; Cu up 0.7%

Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Friday May 24, with a softening in the dollar overnight providing much-needed relief to the complex.

LIVE FUTURES REPORT 23/05: LME Al bucks trend in lackluster London trading; zinc near $2,500/t

Aluminium’s three-month price on the London Metal Exchange was the only metal to trade in positive territory at the close of trading on Thursday April 23, climbing by just under 1% to near $1,800 per tonne.

LIVE FUTURES REPORT 23/05: Trade woes pressure LME base metals prices lower; zinc falls 1.3%

Base metals prices on the London Metal Exchange were lower during morning trading on Thursday May 23, with continued trade friction between the United States and China fueling risk-off sentiment while tight nearby spreads failed to attract fresh inflows.

BASE METALS WARRANT REPORT 22/05

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 22.

LIVE FUTURES REPORT 22/05: LME copper price dips below $6,000/t amid trade uncertainties, robust dollar

The three-month copper’s price on the London Metal Exchange fell by 1.3% at the close of trading on Wednesday May 22, with price pressure emerging from resurging trade tensions between the United States and China, while dollar strength is limiting commodity investment.

GLOBAL ZINC & LEAD WRAP: European Zn premium recovers from historic lows, US lead demand softens

Spot premiums for special high-grade (SHG) zinc ingots recovered slightly in Europe after falling to historical lows last week, though an extreme backwardation on the London Metal Exchange cash/three-month spread persists.