October 2019

LIVE FUTURES REPORT 22/10: SHFE copper price buoyed by supply concerns; nickel continues to drift downward

Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Tuesday October 22, with copper and aluminium securing marginal gains while the rest of the complex weakened.

LIVE FUTURES REPORT 21/10: LME lead price notches 15-month high; breaches $2,200/t

The three-month lead price on the London Metal Exchange was the standout performer on Monday October 21, closing at its highest level since July 2018 and breaching $2,200 per tonne despite moderate turnover.

LIVE FUTURES REPORT 21/10: LME zinc price nears $2,500/t in continued uptrend; fresh cancelations boost complex

The zinc price was nearing $2,500 per tonne on the upside in morning trading on Monday October 21 on the London Metal Exchange, with stock drawdowns boosting prices across the base metals.

LIVE FUTURES REPORT 21/10: SHFE base metals prices mixed; Cu up 1.2% despite fresh inflows

Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Monday October 21, with a rebound in the dollar exerting some downward pressure on the complex.

LIVE FUTURES REPORT 18/10: LME copper price climbs 1.1% tin price tumbles

Three-month prices of base metals traded on the London Metal Exchange, with the exception of tin and lead, were buoyed by a weaker US dollar to close up at the afternoon kerb on Friday October 18.

SHFE STOCKS REPORT 18/10: Lead inventories surge 25.2% on rising supply, weakening demand

Base metal stock movements in Shanghai Futures Exchange-approved warehouses were mixed in the week to Friday October 18, with lead stocks gaining the most in percentage terms, followed by copper while aluminium and zinc inventories fell marginally.

LIVE FUTURES REPORT 18/10: LME copper price subdued despite outflows, fresh cancelations

The London Metal Exchange three-month copper price was subdued during the morning trading session on Friday October 18 despite significant outflows and a large fresh cancelation of material.

LIVE FUTURES REPORT 18/10: SHFE tin price outperforms while others drift upward; nickel flat

Base metals prices on the Shanghai Futures Exchange were broadly up during the morning trading session on Friday October 18, after a possible Brexit deal and moderately bullish headlines on United States-China trade talks helped boost sentiment.

BHP nickel output down 25% in Q3 2019, copper down 3%

Anglo-Australian miner BHP has recorded production declines in all base metals for the third quarter of 2019, with nickel and zinc outputs down by 25% and 33% quarter-on quarter respectively while copper production slipped by only 3% in the same comparison.

LIVE FUTURES REPORT 17/10: LME tin price climbs 1.6% on imminent Yunnan Tin Co smelter closure

The London Metal Exchange three-month tin price closed up $275 per tonne at $17,150 per tonne on Thursday October 17 on news that China’s Yunnan Tin Co will cease all smelting operations at its Ausmet plant in Gejiu, Yunnan province, on October 21.