January 2020

LIVE FUTURES REPORT 31/01: LME lead recoups losses in 2.8% uptick; tin follows up

The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.

PRICING NOTICE: Proposal to discontinue $/lb prices for Midwest US aluminium, lead and zinc premiums

Fastmarkets proposes to discontinue the publication of the following premiums, on a $/lb basis:

LIVE FUTURES REPORT 31/01: LME lead price tops complex up 1.1%; zinc holds below $2,200/t

The three-month lead price on the London Metal Exchange was higher during morning trading on Friday January 31, climbing by more than 1% to show signs of improvement after slipping through key support levels over January, while zinc futures failed to push above nearby resistance.

IN CASE YOU MISSED IT: 5 key stories from January 30

Here are five Fastmarkets MB stories you might have missed on Thursday January 30 that are worth another look.

Virus, fundamentals fears dunk zinc price to 3½ year low

Zinc’s weak fundamentals are finally catching up with prices, after being softened by a selloff sparked by concerns about the coronavirus outbreak in China.

LIVE FUTURES REPORT 30/01: LME zinc price tumbles to 3.5-year low; copper sinks below $5,600

The three-month zinc price on the London Metal Exchange closed at its lowest level in more than three years at the close of trading on Thursday January 30, settling below the nearby $2,200 per tonne support level, while the price of copper futures continued to decline over the afternoon.

LIVE FUTURES REPORT 30/01: LME nickel price decline stalled by 11kt fresh cancelation; copper breaks below $5,600/t

The three-month nickel price on the London Metal Exchange was marginally higher during morning trading on Thursday January 30, supported by a fresh cancelation of 11,874 tonnes, while copper’s downturn continued.

APEX Q4 2019: SP Angel team tops base metals prediction leaderboard

John Meyer, Sergey Raevskiy and Simon Beardsmore of SP Angel clinched the top spot on the base metals leaderboard for the Apex fourth-quarter 2019 predictions, with an accuracy rating of 99.29%, while Rhona O’Connell of INTL FC Stone came top for precious metals with a rating of 99.26%.

BASE METALS WARRANT REPORT 29/01

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 29.

LIVE FUTURES REPORT 29/01: LME lead price sinks another 3%; copper dips below $5,700

The three-month price of lead on the London Metal Exchange stood out as the most notable underperformer at the close of trading on Wednesday January 29, selling off more than 3% of its outright price to close at its lowest level since June 2019, while copper continued to struggle over the afternoon.