August 2012

LME OFFICIALS: Base metals prices up on eurozone, China hopes

Base metals prices ticked up during official trading on the London Metal Exchange on Friday August 17, on hopes that both the eurozone and China will issue further economic stimulus packages.

IRON ORE DERIVATIVES WRAP: Swaps values drop further

Iron ore swaps values dropped by $3-4 on Friday August 17 from levels seen on Thursday, brokers told Metal Bulletin.

LORD COPPER: Knight Capital and the perils of algo-trading

The big financial scandal this month is slightly different from the normal business of rigging markets and uncontrollably large positions.

Shanghai copper prices rise on Merkel support

Shanghai Futures Exchange copper prices rose on Friday August 17 as Germany resolved to fight the eurozone crisis

CLOSE TO CLOSE: Base metals prices tick up on slightly better UK retail sales

Base metals prices crept towards the higher end of recent ranges during kerb trading on the London Metal Exchange on Thursday August 16, as UK retail sales figures improved.

MEIR ON METALS: Markets quiet amid the August lull

Analyst Ed Meir looks at what is moving the metal markets on Thursday August 16.

IRON ORE DERIVATIVES WRAP: Swaps values soften

Iron ore swaps values softened slightly on Thursday August 16 amid gloomy sentiment in the physical market, brokers told Metal Bulletin.

LME OFFICIALS: Base metals prices swing within ranges

Base metals prices continued to oscillate within their recent ranges during official trading on the London Metal Exchange on Thursday August 16, as market sentiment remained negative and traders sat out before the end of the European summer.

Shanghai copper prices edge down as market looks for direction

Shanghai Futures Exchange copper prices fell on Thursday August 16 as many investors stayed on the sidelines ahead of possible monetary loosening measures from Beijing.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China