August 2012

European copper premiums remain stiff as weak supply offsets slow demand

The thin supply of copper cathodes in warehouses and consumer yards in Europe continued to offset the impact of slack seasonal demand on copper premiums on Wednesday August 22, market sources told Metal Bulletin.

LME OFFICIALS: Base metals prices settle near open on mixed signals

Base metals prices put in a mixed performance through the official session on Wednesday August 22, as competing influences saw prices settle near their opening levels after moving higher and lower in early trading.

Shanghai copper tracks London higher as sentiment remains cautious

Shanghai Futures Exchange copper prices tracked London prices higher on Wednesday 22 August, though sentiment remained cautious.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

LME ASIAN WRAP: Copper down from one-month high on China concerns

Copper prices on the London Metal Exchange declined from a one-month high in early Asian trading on Wednesday as concerns for Chinese demand offset hopes of progress on resolving the debt crisis in Europe.

IRON ORE DERIVATIVES WRAP: Prices plummet, volumes rocket as participants return to swaps

Rapidly declining physical iron ore prices and a return to the market on Monday by participants out for the Islamic Eid holiday saw iron ore swaps volumes rocket on Tuesday August 21, brokers told Metal Bulletin.

CLOSE TO CLOSE: Base metals prices ride euro higher in LME kerb

Base metals pushed higher in kerb trading on the London Metal Exchange on Tuesday August 21, as the euro continued to strengthen against the dollar while hopes for eurozone salvation grew.

LME BILLET REPORT: 3-month, cash prices unchanged

The London Metal Exchange’s three-month steel billet contract price remained unchanged on Tuesday August 21, holding steady at $365-375 per tonne.

MEIR ON METALS: Metals reverse course yet again, move higher on Europe hopes

Analyst Ed Meir looks at what is moving the metal markets on Tuesday August 21.

LME OFFICIALS: Base metals prices rise on euro strength, China liquidity measures

Base metals prices improved in early trading on the London Metal Exchange on Tuesday August 21, as the euro made gains on the dollar and China took measures to increase liquidity.