January 2020

LIVE FUTURES REPORT 17/01: LME zinc price notches 1.5% uptick; tin nears $18,000/t

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Friday January 17, with price action settling comfortably above the $2,400-per-tonne support level despite moderately low turnover across the complex, while a steady incline in LME tin saw prices breach nearby resistance.

ALUMINA ROUND-UP: Benchmark alumina prices static despite liquidity spike

Liquidity was high for alumina on an fob Australia basis during the week ending January 17, but prices failed to find any long-term support above $275 per tonne.

EUROPE STAINLESS STEEL: Flat nickel trend bodes well for price stability

The price of stainless steel in the European domestic market was unchanged this week, with sources expecting this stability to persist into February on a relatively flat price development in the nickel market, Fastmarkets learned on Friday January 17.

COKING COAL DAILY: Upcoming Lunar New Year break, potential import controls prompt price dips

Seaborne coking coal prices inched down on Friday January 17 because some participants in China have begun their Lunar New Year break early while others were holding off to consider the impact of import restrictions at the country’s ports, talks of which surfaced this week.

CHINA HRC: Traders getting more business from overseas buyers

Traders reported a spike in interest for China-origin hot-rolled coil in the export market on Friday January 17 amid limited offers from mills ahead of the Chinese New Year break next week.

LIVE FUTURES REPORT 17/01: LME zinc price climbs above $2,400/t; tin pushes higher

The three-month zinc price on the London Metal Exchange rose by 1% during morning trading on Friday January 17, holding above the $2,400 per tonne mark after breaching the mark earlier in the week.

CHINA REBAR: Futures rise after release of 2019 data

China’s domestic rebar prices remained flat on Friday January 17 amid inactivity, though the futures market gained some strength following the release of economic data for 2019.

SHFE STOCKS REPORT 17/01: SHFE lead stocks fall 32% week on week amid pre-holiday restocking

Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses plunged by 32.3% in the week to Friday January 17 after restocking demand from downstream plants ahead of the Chinese New Year holidays (January 24-30) continued over the period.

LIVE FUTURES REPORT 17/01: SHFE base metals prices mixed amid trade uncertainty; Ni drops 2.1%

Base metals prices on the Shanghai Futures Exchange were on divergent paths at the close of the morning trading session on Friday January 17, with lingering trade uncertainty broadly pressuring the complex.

LIVE FUTURES REPORT 16/01: LME nickel price tumbles 3.5%; tin gathers momentum

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday January 16, falling by more than 3.5% to settle below nearby resistance, while a steady upswing in tin’s outright price saw it close at a six-month high.