August 2012

Tin squeeze ahead, say Credit Suisse analysts

Analysts at Credit Suisse are pointing to a potential squeeze in tin on a tightening market for the soldering metal.

MEIR ON METALS: Fed minutes spark markets, but will it last?

Analyst Ed Meir looks at what is moving the metal markets on Thursday August 23.

European Al ingot premiums pervade downstream contract talks

Customers toward the end of the European aluminium supply chain are now being offered contracts linked to primary ingot premiums, as companies try to mitigate the damage to margins caused by record high premiums this year.

LME OFFICIALS: Base metals prices jump after FOMC points to monetary easing

Base metals prices all traded higher through the official session on the London Metal Exchange on Thursday August 23, after the minutes from the latest Federal Open Market Committee (FOMC) meeting indicated that there could be further quantitative easing in the USA.

Shanghai copper gains on US easing hopes

Shanghai Futures Exchange copper advanced for the fourth consecutive trading day on Thursday, August 23, as sentiment improved with signals that the US may introduce further stimulus plans.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

LME ASIAN WRAP: Copper back to one-month high as QE3 looms

Copper prices on the London Metal Exchange climbed back to a one-month high in early Asian trading on Thursday after minutes of a US Federal Reserve meeting raised the prospect of more quantitative easing.

IRON ORE DERIVATIVES WRAP: Swaps volumes top daily record as prices plummet

The OTC iron ore market saw daily volumes hit new record highs of more than 1.2 million tonnes on Tuesday August 21.

CLOSE TO CLOSE: Base metals prices drift up in LME kerb on better sentiment

Base metals drifted higher in kerb trading on the London Metal Exchange on Wednesday August 22, as prices continue to operate as a function of economic sentiment in the absence of significant physical trading volumes.

LME BILLET REPORT: Warehouse stocks, prices dip

The London Metal Exchange’s three-month steel billet contract price fell on Wednesday August 22 to $355-365 per tonne, from levels of $365-375 per tonne seen the day before.