April 2020

LIVE FUTURES REPORT 06/04: LME copper price nears $4,900/t; tin gathers momentum

The three-month copper price on the London Metal Exchange was higher during morning trading on Monday April 6, with prices nearing the $4,900-per-tonne resistance level amid low turnover, while the tin price was supported by a fresh outflow.

MORNING VIEW: Metals start week on firmer footing but in low volumes due to China holiday

Three-month base metals prices on the London Metal Exchange were up across the board this morning, Monday April 6, as were gold and silver prices.

LIVE FUTURES REPORT 03/04: LME aluminium contract closes below $1,500 amid low turnover

The London Metal Exchange three-month aluminium price briefly breached the $1,500 per tonne mark, with an intraday high of $1,505 per tonne, but closed at $1,481.50 per tonne on Friday April 3.

Q2 MJP aluminium premium settles 1.2% lower at $82/t

The benchmark for the supply of aluminium to main Japanese ports (MJP) in the second quarter of 2020 has settled at a premium of $82 per tonne cif over the London Metal Exchange cash price.

COKING COAL DAILY: Traders sound caution over Australian supply; prices plunge

Seaborne coking coal prices dropped below $140 per tonne on a fob-Australia basis on Friday April 3, with buyers maintaining a bearish outlook, though some traders highlighted potential supply concerns from Australia.

CHINA HRC: Cheaper imports put more pressure on Chinese products

China’s domestic hot-rolled coil prices rebounded on Friday April 3 after trading activity picked up a day earlier, but exports remained under pressure, particularly with imports into the country rising due to their competitive rates.

CHINA REBAR: Prices flat amid mixed outlook

China’s domestic rebar prices were unchanged on Friday April 3, but a divided outlook has emerged in the market over how it would trend over the rest of this month.

LIVE FUTURES REPORT 03/04: Fresh 1,900t inflow cools LME tin price; copper nears $4,900/t

The three-month tin price on the London Metal Exchange fell by 1.3% during morning trading on Friday April 3 after 1,900 tonnes of tin was delivered into LME-registered warehouses, while copper continues to test nearby resistance levels.

SHFE STOCKS REPORT 03/04: Base metals stocks continue to tumble on resumed operations

Base metals' inventories in Shanghai Futures Exchange-approved warehouses continued to fall in the week ending Friday April 3, with lead registering the biggest outflows.

MORNING VIEW: Markets volatile, skeptical about Trump’s oil talk; traders brace for US employment report

Markets are mixed and on average weaker this morning, Friday April 3, after the rally on Thursday following a 20% rise in oil prices faded.