December 2012

LME BILLET REPORT: Prices and stocks unchanged

The London Metal Exchange three-month steel billet contract price remained unchanged at $300-320 per tonne on Wednesday December 19.

MEIR ON METALS: Metals sell off as other markets struggle; US talks drag on

Analyst Ed Meir looks at what is moving the metal markets on Wednesday December 19.

LME OFFICIALS: Base metals prices go each way in official session

Base metals lack any real direction on the London Metal Exchange as the year winds down, with three of the metals settling above their opening prices in official trading on Wednesday December 19 and three falling lower.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China:

LME ASIAN WRAP: Copper prices slide after LME open positions dive

Copper prices on the London Metal Exchange fell in early Asian trading on Wednesday December 19 as market participants mulled a sharp reduction in open positions and a continuous slip in the dollar index.

CLOSE TO CLOSE: LME base metals in tight ranges in kerb

Copper was the only base metal to close below its official price in kerb trading on the London Metal Exchange on Tuesday December 18, as prices stayed in tight ranges with little to push the market either way.

LME copper stocks above 300,000t for first time in ten months

Copper stocks stored on the London Metal Exchange rose above 300,000 tonnes for the first time in ten months on Tuesday December 18, following large inflows into Antwerp and New Orleans a day earlier.

LME OFFICIALS: Base metals prices rangebound on shaky dollar

Base metals were rangebound in official trading on the London Metal Exchange on Tuesday December 18, as the wrangling over the US fiscal cliff continued, leading to a further slight weakening in the dollar.

MEIR ON METALS: Metals prices mixed as fiscal cliff talks make progress

Analyst Ed Meir looks at what is moving the metal markets on Tuesday December 18.

ICE warms to idea of iron ore swaps contract to attract US customers

Atlanta-based Intercontinental Exchange (ICE) may launch a new iron ore swaps futures contract in a bid to capture US participants affected by the Dodd-Frank financial market reforms, market sources told Metal Bulletin sister title Steel First.