October 2013

LME ASIAN WRAP: Copper on back foot amid liquidity concerns in China

The London Metal Exchange copper price moved in a narrow range during Asian morning trading on Friday October 25 as concerns over China’s liquidity weighed on sentiment.

VIDEO: CME aluminium contract – a question of timing

The Chicago Mercantile Exchange's forthcoming aluminium contract may show that the third time is a charm, as pressure on the London Metal Exchange from multiple angles has left an opening for CME to grab a share of the market's liquidity.

CLOSE TO CLOSE: Base metals prices drift higher in LME kerb

Base metal prices rose within ranges in kerb trading on the London Metal Exchange on Thursday October 24, continuing the movement in early trading when prices climbed on strong economic indicators in China.

LME OFFICIALS: Base metals prices rangebound as China looks up

Base metals prices were rangebound in official trading on the London Metal Exchange on Thursday October 24, after prices rose early in the day on more encouraging indicators in China.

Shanghai copper price down as fundamentals remain weak

The Shanghai Futures Exchange copper price settled lower on Thursday October 24, as concerns about fundamentals overwhelmed positive factory data from China.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LORD COPPER: Shifting power and boiled frogs

Elsewhere I have written about the Dagong Credit Agency downgrade of US debt. Thinking a bit further, I wonder if this – and the relatively muted reaction to it – is symptomatic of a fairly significant change taking place, without us all maybe fully realising what is happening?

LME ASIAN WRAP: Copper price up on China factory data

The London Metal Exchange copper price was up during Asian morning trading on Thursday October 24 on positive factory data from China.

CLOSE TO CLOSE: Base metals prices fall further in LME kerb

Base metals prices continued to weaken in kerb trading on the London Metal Exchange on Wednesday October 23, following poor economic indicators from China and the USA.

LME OFFICIALS: Base metals prices fall back on weak indicators

Base metals fell from their opening prices in official trading on the London Metal Exchange on Wednesday October 23, following a weak payrolls figure from the US and a rise in Chinese money-market rates.