August 2012

LME BILLET REPORT: 3-month, cash prices jump $10

The London Metal Exchange’s three-month steel billet contract price jumped $10 higher on Friday August 24 to $365-375 per tonne, from levels of $355-365 per tonne on Thursday.

LME OFFICIALS: Copper prices locked in tight range ahead of LME kerb close

Copper prices were stuck within a tight intraday trading range as the close of trading on the London Metal Exchange approached on Friday August 24, with the red metal on course to finish the week above $7,600 per tonne.

Shanghai copper prices slide as US, Europe data disappoints

Shanghai Futures Exchange copper prices dropped on Friday August 24, as weak data from the USA and Europe dampened sentiment.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

LME ASIAN WRAP: Copper prices fall as market optimism fades

Copper prices on the London Metal Exchange edged down from a one-month high in early Asian trading on Friday August 24 investor enthusiasm at the possibility of another round of quantitative easing waned.

CLOSE TO CLOSE: Good feeling keeps base metals prices rising in LME kerb

Base metals crept higher in kerb trading on the London Metal Exchange on Thursday August 23, as better sentiment continued to lift prices.

IRON ORE DERIVATIVES WRAP: Volumes edge down in choppy trade

The OTC iron ore market saw volumes drop back slightly from the record high of more than 1.2 million tonnes seen on August 21, as an unexpected slow-down in physical price falls took the market by surprise on Thursday August 23.

Nickel market braces for rumoured 30,000-tonne inflow to Vlissingen

A parcel of 30,000 tonnes of nickel could soon be transferred to London Metal Exchange-listed wareshouses in Vlissingen from sheds in Rotterdam, increasing stocks in the location fourfold and exacerbating load-out queues, according to a rumour being given credence by well-placed sources in the market

Nickel premiums hold awaiting return of consumer demand

Nickel premiums held on Thursday August 23 as traders reported thin physical demand, with consumers expected to remain absent until next week.

LME BILLET REPORT: Official prices unchanged

The London Metal Exchange’s three-month steel billet contract price held steady on Thursday August 23 at $355-365 per tonne, unchanged from levels seen the day before.