January 2019

SHFE vs LME physical arbitrage 22/01: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday January 22 *

Fanya to auction more than 30 tonnes of indium stocks - sources

The Fanya Exchange will auction 34.64 tonnes of indium stocks it holds in its warehouse at the end of the month, market sources told Fastmarkets on Tuesday January 22.

LIVE FUTURES REPORT 22/01: LME Al price increases amid 37kt cancelation; zinc, lead trend higher

Base metals prices on the London Metal Exchange were mixed during morning trading on Tuesday January 22, with aluminium futures leading gains on more than 37,000 tonnes freshly canceled while broad strength in the US dollar index fueled downward pressure.

CHINA HRC: Mills raise offers amid easing of selling pressure

Chinese steelmakers raised their offers on Tuesday January 22 in the absence of any selling pressure before the upcoming Chinese New Year holiday.

COKING COAL DAILY: Unexpected transaction boosts cfr China prices

A transaction in the seaborne coking coal market on Tuesday January 22 took participants by surprise, having been concluded at a higher price than expected, in contrast with prevailing sentiment.

CHINA REBAR: Domestic prices flat amid inactivity

Sparse trading kept China’s domestic rebar prices unchanged on Tuesday January 22.

METALS MORNING VIEW 22/01: Metals prices suffer after global growth outlook lowered

Once again the upside initiatives in three-month base metals prices on the London Metal Exchange have run into overhead resistance, with the complex down by an average of 0.4% this morning, Tuesday January 22.

China AM: Coking coal contract bucks downtrend in ferrous futures market

China’s ferrous futures largely declined during morning trading on Tuesday January 22, apart from the coking coal contract, which ended slightly higher than its opening price.

LIVE FUTURES REPORT 22/01: Macro concerns pressure SHFE base metals prices; tin most resilient

Base metals prices on the Shanghai Futures Exchange were predominantly down during Asian morning trading on Tuesday January 22, with the complex reversing the previous day’s gains. Tin, as was the case on Monday, bucked the trend – but this time to the upside.

LIVE FUTURES REPORT 21/01: Mixed trading continues as uncertainty about China builds

The base metals complex showed mixed results in afternoon trading on Monday January 21, with London Metal Exchange-three month prices for copper, aluminium and nickel failing to live up to last week’s universal closing rally.