November 2019

LIVE FUTURES REPORT 15/11: Selling pressure brings LME nickel price below $15,000/t; fresh 46kt inflow for Al

The three-month nickel price on the London Metal Exchange dropped below the nearby $15,000 per tonne support level during morning trading on Friday November 15, while there was another fresh inflow for aluminium.

SHFE STOCKS REPORT 15/11: Lead stocks soar by 33%; nickel up by 18%

Lead stocks at Shanghai Futures Exchange-approved warehouses recorded the largest increase in percentage terms in the week ended Friday November 15, with the heavy metal’s stocks now up by 79.3% since the beginning of the month.

MORNING VIEW: Countertrend moves underway in base metals despite risk-on in equities

There are cross currents flowing through broader markets, risk-on is still evident in equities, base metals are generally pulling back in countertrend moves from the stronger tone seen in October and early November and there is some nervousness around judging by the pick-up in demand for havens in recent days.

LIVE FUTURES REPORT 15/11: SHFE base metals prices largely down on disappointing Chinese data

Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Friday November 15, with nickel giving the worst performance of the complex with a 2.7% drop.

LIVE FUTURES REPORT 14/11: LME aluminium price narrows while spreads flip to contago; zinc slips below $2,400

The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Thursday November 14, closing at its lowest level since late-October, while zinc’s outright price similarly fell to its lowest level in just over a month.

LIVE FUTURES REPORT 14/11: LME aluminium price ignores 78kt inflow; tin improves

The three-month aluminium price on the London Metal Exchange was little moved during morning trading on Thursday November 14, ignoring a fresh inflow of more than 78,000 tonnes into LME-registered Asian warehouses.

LIVE FUTURES REPORT 14/11: SHFE base metals prices mixed on fading trade optimism, weak data; zinc down 1.1%

Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Thursday November 14, with zinc leading on the downside with a 1.1% drop.

BASE METALS WARRANT REPORT 13/11

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 13.

LIVE FUTURES REPORT 13/11: Selling pressure pushes LME zinc price down 2%; tin approaches $16,000/t

The three-month zinc price on the London Metal Exchange continued its sell-off at the close of trading on Wednesday November 13, recording moderate turnover, while tin’s outright price teased a break below nearby support.

GLOBAL ZINC & LEAD WRAP: US zinc premium ignores record-low New Orleans stocks; Shanghai markets subdued by arb loss

Global zinc premiums were left with little room to maneuver against exchange-stock drawdowns and high import losses this week, while persistent backwardations in the metal's forward curve kept spot trading opportunities minimal.