June 2019

LIVE FUTURES REPORT 28/06: LME nickel closes week 5% higher; tin price slides

Nickel’s three-month price on the London Metal Exchange maintained weekly gains of around 5% at the close of trading on Friday June 28, closing at $12,690 per tonne while turnover was moderately light with some 8,800 lots of nickel exchanged by the close.

SHFE STOCKS REPORT 28/06: Nickel inventories up 19% vs last week

Nickel stocks on the Shanghai Futures Exchange rose to 20,464 tonnes as of Friday, up by 3,208 tonnes or 19% from last Friday, according to the SHFE’s latest inventory report.

LIVE FUTURES REPORT 28/06: G20 talks bolster LME nickel sentiment despite lackluster trading; zinc price approaches $2,500/t

The three-month nickel price on the London Metal Exchange held onto Thursday’s 2% gains during morning trading on Friday June 28, while market participants await developments in the global economic landscape from the G20 summit in Osaka, Japan.

MORNING VIEW: LME base metals run into further selling ahead of Trump-Xi meeting

The first day of the Group of 20 (G20) summit in Japan gets underway on Friday June 28. With world leaders gathering at the event, and a few notable meetings scheduled on the sidelines, market participants will be keeping a close eye on any developments.

LIVE FUTURES REPORT 28/06: SHFE base metals prices down ahead of G20 summit; Ni rises 0.2%

Base metals prices on the Shanghai Futures Exchange were mostly little changed to weaker during Asian morning trading on Friday June 28, with aluminium leading on the downside.

LIVE FUTURES REPORT 27/06: LME nickel price continues upsurge; volumes hit one-month high

Nickel’s three-month price on the London Metal Exchange was higher at the close of trading on Thursday June 27, up by about 2% amid continued buying momentum, with positive US GDP figures shoring up commodity investments.

LIVE FUTURES REPORT 27/06: LME nickel price gathers momentum, breaches $12,650/t

Nickel’s three-month price on the London Metal Exchange continued its uptrend during morning trading on Thursday June 27, with short-covering activity pushing the metal’s outright price higher while trade optimism supports commodity investment.

MORNING VIEW: LME base metals prices consolidate amid mixed trade messages

While US officials have given the impression that they will attempt to defuse the ongoing trade dispute with China at the upcoming Group of 20 (G20) summit on Friday June 28, their Chinese counterparts were less upbeat.

LIVE FUTURES REPORT 27/05: SHFE base metals prices broadly down on firm dollar, trade uncertainty; Ni up 1.3%

Base metals prices on the Shanghai Exchange broadly weakened during Asian morning trading on Thursday June 27, dragged down by a firm dollar and persisting uncertainty surrounding US-China trade relations.

LIVE FUTURES REPORT 26/06: LME nickel price rallies 1.4% on short-covering; zinc holds above $2,500/t

The three-month nickel price on the London Metal Exchange rallied at the close of trading on Wednesday June 26, climbing by 1.4% to close at its highest level since April amid a continued drawdown in the LME’s dwindling supply.