October 2019

LIVE FUTURES REPORT 14/10: SHFE base metals prices mixed; copper up marginally

Base metal prices on the Shanghai Futures Exchange were mixed during morning trading on Monday October 14, with the complex largely shrugging off news of a “partial” trade deal being struck between the United States and China at the end of last week.

BIR 2019: BIR president Tom Bird to leave role as Chiho’s COO

Tom Bird, the head of Bureau of International Recycling (BIR), will leave his position as the chief operating officer of Chiho Environmental Group in November, Fastmarkets learned on Sunday October 13.

LIVE FUTURES REPORT 11/10: LME copper ends 0.2% higher despite Las Bambas force majeure, stock drawdowns

Copper closed only slightly higher on Friday on the London Metal Exchange despite price-supportive news of force majeure being declared at the Las Bambas copper mine in Peru.

SHFE STOCKS REPORT 11/10: Base metals inventories broadly up on post-holiday activity

All base metal stocks in Shanghai Futures Exchange-approved warehouses, except tin, rose in the week to Friday October 11, after trading activity resumed following the end of the week-long Golden Week holiday in China.

LIVE FUTURES REPORT 11/10: LME aluminium flows in while nickel flows out; price action subdued

Base metals prices on the London Metal Exchange were largely subdued with trading volumes low in the morning session on Friday November 11 while the metals market absorbs some of the previous day’s United States-China trade deal optimism.

MORNING VIEW: Some optimism on US-China trade talks provides support, but markets await concrete developments

There is some cautious optimism over United States-China trade negotiations after US President Donald Trump described the talks as “very, very good” and said he would meet Chinese Vice Premier Liu He in the White House on Friday October 11.

LIVE FUTURES REPORT 11/10: SHFE copper price up 0.5% on fresh optimism over US-China trade talks

Copper prices on the Shanghai Futures Exchange were up during the morning trading session on Friday October 11 following positive developments in trade negotiations between the United States and China overnight.

IN CASE YOU MISSED IT: 5 key stories from October 10

Here are five Fastmarkets MB stories you might have missed on Thursday October 10 that are worth another look.

LIVE FUTURES REPORT 10/10: LME zinc price nears $2,400 per tonne; copper gathers momentum

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Thursday October 10, nearing the $2,400 per tonne resistance level against a continued drawdown of LME stocks, while copper breached nearby resistance amid moderate turnover.

Vedanta to start four-month shutdown of Skorpion zinc refinery in November

Vedanta's Skorpion zinc refinery will shut for four months from November due to a lack of local concentrate feed, the company told Fastmarkets on Thursday October 10.