January 2020

LIVE FUTURES REPORT 27/01: Risk-aversion sees LME base metals prices crumble; zinc loses 3.6%

Base metals prices on the London Metal Exchange were significantly lower at the close of trading on Monday January 27, with the majority of three-month prices across the complex down by some 2% because of continued risk-aversion in commodity markets, with zinc futures leading the retreat to close at a six-week low.

APEX 2019: Bank Muscat, INTL FCStone/Ed Meir, ABN Amro clinch top spots

Bank Muscat’s Nishant Bhavsar and Ajit Mauskar led Fastmarkets’ Apex 2019 leaderboard for base metals analysis with an accuracy rate of 97.93%.

LIVE FUTURES REPORT 27/01: Selling pressure continues for LME nickel price; zinc slips below $2,300/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday January 27, with macro risk-off sentiment prompting a 2.5% decline, while zinc futures followed lower.

LIVE FUTURES REPORT 24/01: Risk-off sentiment sees LME nickel fall below $13,000; tin sinks below $17,000

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Friday January 24, losing more than 3% and sinking below nearby support to close at its lowest level in six months, while tin futures also struggled over the afternoon.

AT A GLANCE: Peru's Buenaventura misses 2019 guidance; copper, zinc output down

A summary of Buenaventura’s lead, zinc and copper production and sales volumes for the fourth quarter and full-year 2019, following the company's report released on Friday January 24.

LIVE FUTURES REPORT 24/01: LME nickel price continues downtrend; copper ticks above $6,000/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday January 24, with price action continuing its descent against consistent inflows, while copper futures found support back above nearby resistance.

US non-ferrous scrap exports rise in January-November 2019

Exports of non-ferrous scrap from the United States increased by 3.7% in the first 11 months of last year, reaching more than 2.8 million short tons, with aluminium the only metal to register an increase during the period.

LIVE FUTURES REPORT 23/01: Macro risk-off sentiment sinks LME copper price below $6,000/t; tin down 2.5%

LME three-month copper fell to its lowest price since December 5 on Thursday January 23, dipping below the $6,000-per-tonne support level at the close amid strong turnover, while tin led the complex in terms of losses.

LIVE FUTURES REPORT 23/01: LME aluminium price dips below $1,800/t on rewarranting; copper sinks below $6,100/t

The three-month aluminium price on the London Metal Exchange dipped below nearby support levels during morning trading on Thursday January 23 on a rewarranting of 68,875 tonnes, while copper’s price struggles continued.

SHFE STOCKS REPORT 23/01: SHFE stocks rise while Coronavirus concerns pressure demand

Pre-Lunar New Year re-stocking abated in the week to Thursday January 23 with all Shanghai Futures Exchange base metals' deliverable stocks, bar lead, subject to increases while the growing Coronavirus outbreak pressures demand for material.