August 2012

LME OFFICIALS: Base metals prices up slightly on positive EU news

Base metals prices crept towards the higher end of their ranges during official trading on the London Metal Exchange on Tuesday August 14, as the French economy escaped contraction and growth in Germany slowed less than expected.

European Al premiums stabilise on summer break; could begin falling

European aluminium premiums have stabilised over the summer period, market participants told Metal Bulletin on Tuesday August 14.

Spot 63.5% Fe iron ore prices drop $1 on increased tenders

China’s imported iron ore market weakened further on Tuesday August 14, as the three largest miners all tendered material to the spot market.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

Shanghai copper prices stumble ahead of key data

Shanghai Futures Exchange copper prices faltered on Tuesday August 14 as investors await key economic data for market cues.

LME BILLET REPORT: Official prices, stocks edge up

The London Metal Exchange’s three-month steel billet contract price climbed on Monday August 13, pushing up to $380-390 per tonne from levels of $365-375 per tonne on Friday.

CLOSE TO CLOSE: Base metals prices decline further on weak Chinese demand, production

Base metals prices slid still further during the kerb session on the London Metal Exchange on Monday August 13, as negative news continued to emerge from China.

IRON ORE DERIVATIVES WRAP: Swaps values stabilise as physical market falls halt

OTC iron ore volumes and values held steady on Monday August 13, as physical prices also stabilised, brokers told Metal Bulletin.

MEIR ON METALS: Metals prices retreat slightly on Chinese macro numbers

Analyst Ed Meir looks at what is moving the metal markets on Monday August 13.

LME OFFICIALS: Base metals prices dip on bad news from Asia

Base metals prices fell from their opening levels during the official session of the London Metal Exchange on Monday August 13, on continuing concerns about growth in Asia.