December 2012

Shanghai copper up on strong local equities market

Shanghai Futures Exchange copper prices were up on Friday December 28, riding on strong local stocks market.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

Shanghai Futures Exchange plans to open to foreign investors in five years

Shanghai Futures Exchange plans to open up to foreign investors in the next five years, according to chairman Yang Maijun.

Fiscal cliff will trump base metal market drivers – Barcap

A solution to the looming ‘fiscal cliff’ situation in the USA will raise London Metal Exchange base metals prices even against increasingly weak fundamentals, analysts at Barclays Capital said.

LME OFFICIALS: Base metals inch higher as holidays, fiscal cliff keep volumes down

Base metals edged higher in the official session on the London Metal Exchange on Thursday December 27, while trading remained shackled by uncertainty over the US fiscal cliff.

IRON ORE DERIVATIVES WRAP: OTC prices fall back during the day

The iron ore swaps market saw prices fall back during the day, although Shanghai rebar futures closed flat and the physical market remained strong, brokers told Metal Bulletin sister title Steel First on Thursday December 27.

Shanghai Futures Exchange launches metals index

The Shanghai Futures Exchange started publishing a non-ferrous metals index on Wednesday, as the bourse paved the way for commodity index investment products.

Shanghai copper up as optimism over govt’s urbanisation plans persists

Shanghai Futures Exchange copper prices were up on Thursday December 27, as the mood remained upbeat over hopes of government-led investments.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

REVIEW: How 70,000 tonnes of copper rebalanced a 20m-tonne market

Headline prices might not show it, but there were some tectonic shifts in the copper market in 2012.