March 2019

LIVE FUTURE REPORT 19/03: SHFE nickel price gains on weaker dollar, higher iron ore

Nickel prices climbed 1.17% on the Shanghai Futures Exchange during morning trading on Tuesday March 19 amid a weaker US dollar and a rise in iron ore prices after a court ordered Brazilian mining company Vale to halt to production at its Timbopeba mine in Brazil.

LIVE FUTURES REPORT 18/03: LME aluminium climbs 1.2% on fresh cancelation, nickel price finds support above $13,000/t

Aluminium on the London Metal Exchange was higher at the close of trading on Monday March 18, having peaked at its highest since February 6.

LIVE FUTURES REPORT 18/03: LME copper price shrugs off 25kt rewarranting; nickel holds below $13,000/t

Copper’s three-month price on the London Metal Exchange consolidated during morning trading on Monday March 18, remaining below its nearby $6,500 per tonne resistance level, with a fresh rewarranting of just below 25,000 tonnes failing to provide a major headwind to price action.

SHFE vs LME physical arbitrage 18/03: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 18*

METALS MORNING VIEW 18/03: Metals prices consolidate, waiting for fresh direction

Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday March 18, the exception being copper, whose price was up by 0.7% at $6,474 per tonne, compared with $6,431.50 per tonne at Friday’s close.

LIVE FUTURES REPORT 18/03: SHFE base metals prices broadly lower; copper bucks the trend

Base metals prices on the Shanghai Futures Exchange were mostly lower during the morning trading session on Monday March 18 despite a weak US dollar, amid poor market sentiment and the news that China will cut its value-added tax (VAT) rate for the manufacturing and other sectors from April 1.

LIVE FUTURES REPORT 15/03: LME-traded Cu ignores narrowing nearby spread contango, Asia influx to continue uptrend

Copper continues to capitalize on the narrowing $0.75 per tonne cash-to-March spread contango, while the three-month contract rises to $6,430 per tonne, up $26 per tonne from the $6,404-per-tonne close on March 14.

SHFE STOCKS REPORT 15/03: Base metals stocks broadly higher bar Al, Sn

Base metal stocks at Shanghai Futures Exchange-approved warehouses were mostly up week on week on Friday March 15, with nickel stocks registering a 13.3% gain.

LIVE FUTURES REPORT 15/03: LME Cu trades up despite Asia inflows; nearby spread contango supports

In a reversal of its closing fortunes on March 14, the London Metal Exchange’s three-month copper contract increased to $6,415 per tonne during morning trading on March 15, up by $11 per tonne from the $6,404-per-tonne close the previous day.

SHFE vs LME physical arbitrage 15/03: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 15*