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.

IN CASE YOU MISSED IT: 5 key stories from May 28

Here are five Fastmarkets stories you might have missed on Thursday May 28 that are worth another look.

Glencore to stay focused on value over volume, CEO says

Global commodities miner-marketer Glencore will continue to take a disciplined approach to ensuring that it does not overproduce at a time of declining demand for some materials, the company’s chief executive officer has said.

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.

Peru copper mines to return to full swing in Q3 - IIMP

Peruvian copper and gold mining projects could return to full swing in the third quarter 2020 after a national lockdown led to significant disruptions and a sharp drop in export earnings, a local organization said.

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.