July 2019

LIVE FUTURES REPORT 22/07: LME nickel price holds above $14,000/t despite 3% drop; tin climbs higher

Nickel’s three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin’s 1.3% climb.

CHINA HRC: Final phase of Tangshan's production curbs lend strength to prices

China’s hot-rolled coil prices regained some strength on Monday July 22 after local authorities in Tangshan, the steelmaking hub in northern China, reiterated production cuts for steelmakers under their jurisdiction.

COKING COAL DAILY: Trading activity limited after active week

Trading activity in the seaborne coking coal market was muted on Monday July 22 after an active stretch last week.

CHINA REBAR: Prices rise on expected tightening of production curbs in Tangshan

China’s rebar prices increased slightly on Monday July 22 on concerns that the country’s steelmaking hub in the north would tighten production curbs over the remainder of this month.

LIVE FUTURES REPORT 22/07: Base metals drift on weak macro; Ni down 2.3%

The prices paid for base metals traded on the London Metal Exchange were almost universally suppressed during morning trading on Monday July 22, with uninspiring macro data precipitating thin trading volumes

MORNING VIEW: LME base metals prices correct while traders reconsider US rate cut expectations

Rising tension over Iran and a reduction in expectations on the size of the next US Federal Reserve rate cut were weighing on sentiment this morning, Monday July 22.

LIVE FUTURES REPORT 22/07: SHFE base metals prices retreat; nickel slumps 2.8%

Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Monday July 22, with nickel and zinc leading the decline with drops of 2.8% and 1.7% respectively.

IN CASE YOU MISSED IT: 5 key stories from July 19

Here are five Fastmarkets MB stories you might have missed on Friday July 19 that are worth another look.

LIVE FUTURES 19/07: Copper up 1.65% on strong volumes; nickel down

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex.

SHFE STOCKS REPORT 19/07: Copper stocks rise over 6% amid low demand, renewed US-China trade concerns

Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world’s two largest economies.