November 2018

ASIA COPPER WEEK 2018: Copper prices set to rise in Q1 2019 – ECTP

A global shortage of refined copper and an improved macroeconomic backdrop are likely to boost copper prices in the first quarter of 2019, according to Engelhart Commodities Trading Partners’ (ECTP) head of metal and mine research, Xiaohong Wang.

LIVE FUTURES REPORT 15/11: SHFE base metals prices recover after Wednesday’s weakness; zinc leads on the upside

Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Thursday November 15, reversing the previous day’s losses on a weaker dollar and easing trade tensions.

East Asian stainless steel prices tumble further on lower offers, nickel losses

Import prices for stainless steel in East Asia weakened again during the past week, with exporters continuing to lower their offers amid intense competition in the region.

MJP aluminium stocks down 1% in October vs September, Marubeni says

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama slipped 1% month on month in October, according to the latest data from major Japanese trading house Marubeni Corp.

ICDX tin trades slashed in Indonesian supply crunch; LME tin price unshaken

Tin trades on the Indonesia Commodity & Derivatives Exchange (ICDX) have completely halted because of significant supply disruptions in the country, Fastmarkets heard on Wednesday November 14.

GLOBAL NICKEL WRAP: Nickel premiums flat worldwide

Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants’ absence from the market.

LIVE FUTURES REPORT 14/11: Most LME base metals prices appreciate amid crude oil rebound

Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the dollar index.

GLOBAL TIN WRAP: European premiums market lacks direction; Global markets stable, premiums flat

The tin premium in Europe remains at a 21-month high amid continued uncertainty over Indonesian supply, while thin spot activity and a closed import arbitrage window kept premiums firm in the United States and China.

LIVE FUTURES REPORT 14/11: Comex copper price sustains momentum through midweek session

Comex copper prices moved higher on Wednesday November 14 despite a stronger dollar due to growing optimism that a bilateral trade agreement between the United States and China could be reached in the next few months.