August 2012

Tin premiums stay put despite LME run-up

Delivered tin premiums in the US have held steady, although there were pervasive rumors of lower numbers as some suppliers chased limited business, domestic market sources told Metal Bulletin's sister publication AMM.

IRON ORE DERIVATIVES WRAP: Volumes bounce as index drops below $100 per tonne

As physical index prices fell below the $100-per-tonne support mark, iron ore swaps volumes boomed on Tuesday August 28, with prices for nearby contracts dropping $10 below spot prices as European market participants returned to the arena following a public holiday in the UK on Monday.

CLOSE TO CLOSE: Copper prices finish lower at kerb as US markets open flat

London Metal Exchange copper prices closed near a mid-point of their intraday trading range on Tuesday August 28, treading water as US equity markets opened flat.

LME BILLET REPORT: 3-month prices steady, cash price edges up

The London Metal Exchange’s three-month steel billet contract price held steady at $365-375 on Tuesday August 28, level with prices seen on August 24.

LME OFFICIALS: Copper prices recover from early sell-off

Copper prices settled above $7,600 per tonne in official trading on the London Metal Exchange on Tuesday August 28, recovering after a selloff seen as the UK market reopened following a public holiday.

Shanghai copper prices slide on investor caution ahead of key meetings

Shanghai Futures Exchange copper prices fell by 0.8% in light trading on Tuesday August 28 as market participants stay on the sidelines ahead of key economic events this week.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

Shanghai copper settles up 0.4%

Shanghai Futures Exchange copper prices settled flatly after opening high on Monday 27 August 27 as Chinese equities plunged to a new low, damping investors’ sentiment

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

METAL BULLETIN DAILY PDF: No downloadable Daily PDF on Tuesday August 28

Due to the UK Bank Holiday on Monday August 27, there will be no downloadable Daily PDF on Tuesday August 28.