September 2019

LIVE FUTURES REPORT 13/09: LME copper price nears $6,000 per tonne in 2% upturn; tin below $17,000

The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday September 13, with the price near the $6,000 per tonne resistance level and closing at its highest level since July 29, while tin’s outright price fell over the afternoon.

LSE rejects $37bln HKEX bid citing 'fundmental concerns'

London Stock Exchange Group (LSEG) has rejected Hong Kong Exchanges & Clearing's (HKEX) unsolicited bid for the company and remains committed to a proposed acquisition of data provider Refinitiv, it said in a release on Friday September 13.

COKING COAL DAILY: Offers in fob Australia segment drop to $140 per tonne

Trading activity in the seaborne coking coal market was muted on Friday September 13, with China observing a public holiday.

IRON ORE DAILY: Prices flat at start of Chinese holiday

Seaborne iron ore prices were flat on Friday September 13 due to a muted market and a public holiday in China.

Saraji, Peak Downs set for October debut on Global Coal

Online trading platform Global Coal will allow its users to buy and sell premium low-vol hard coking coal products from October 9.

LIVE FUTURES REPORT 13/09: Fresh 12kt inflow tempers LME nickel price; copper remains supported

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday September 13, declining by around 2.7% against a fresh inflow of some 12,000 tonnes, while copper futures continued to trade in an uptrend.

IN CASE YOU MISSED IT: 5 key stories from September 12

Here are five Fastmarkets MB stories you might have missed on Thursday September 12 that are worth another look.

LIVE FUTURES REPORT 12/09: LME nickel spreads tighten; price closes below $18,000 per tonne

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday September 12, while considerable tightness in the metal’s forward spreads prompted market questions of prospective deliveries into LME warehouses to ease trading conditions.

FOCUS: Metals industry sees roadblocks to HKEX-LSE deal

The proposal by Hong Kong Exchanges & Clearing Ltd (HKEX) to buy the London Stock Exchange Group (LSEG) has raised a number of questions among metals market participants, most of whom are skeptical that the deal will go through during a time of political upheaval.

CME Group to launch Shanghai gold futures contracts in collaboration with SGE

The CME Group will launch two gold futures contracts on October 14 this year, pending regulatory approval, in a move that will see it begin to collaborate with the world’s largest physical gold exchange, the Shanghai Gold Exchange (SGE).