May 2019

MORNING VIEW: LME base metals prices mostly weaker while cross winds cloud picture

The firmer tone of recent days has subsided this morning, Friday May 17, with some talk out of China that they are in no hurry to resume trade talks no doubt weighing on sentiment.

MORNING VIEW: LME base metals consolidate against mixed background

Although metals markets were mixed this morning, Thursday May 16, the downward trends on the charts seem to have halted; key now will be whether buying and short-covering follows.

MORNING VIEW: LME base metals prices rebound, but will it last?

Markets were looking brighter on the morning of Wednesday May 15, with the equities and metals firmer, this despite some further poor economic data in China and the uncertainty about which direction US-China trade talks will go.

MORNING VIEW: LME base metals prices consolidate after Monday’s sell-off

Markets were consolidating during morning trading on Tuesday May 14 after the previous day’s weakness that saw prices adjust to an escalation in the US-China trade war, with China retaliating by increasing tariffs on $60 billion worth of US imports. This saw risk-off and money move into haven assets, including gold.

MORNING VIEW: LME base metals prices under pressure while trade dispute continues

The lack of any last minute breakthrough in US-China trade talks has led to risk-off this morning, Monday 13 May, with money moving into haven assets.

MORNING VIEW: LME base metals prices positive despite escalation in US-China trade war

While US-China trade talks continue, the market seems to be clinging on for an eleventh-hour deal this morning, Friday May 10, because key markets are holding up surprisingly well. But, if a deal does not miraculously emerge soon then further disappointment is likely to set in.

APEX Q1 2019: 99% accuracy for Q1 Al, Cu, Ag, iron ore price predictions

Fastmarkets topped the base metals leaderboard in the Apex first-quarter 2019 contest, with an accuracy rating of 98.41%, while Edward Meir of INTL FCStone was top of the precious metals table with 97.45% accuracy.

MORNING VIEW: Base metals prices firmer but trading quiet, markets in holiday mode

Trading in the base metals on the London Metal Exchange has been extremely quiet on the morning of Wednesday May 1, with much of Asia closed for holidays.