March 2013

Shanghai copper prices up on Chinese manufacturing promise

Shanghai Futures Exchange copper prices advanced on Thursday March 21 on indications of a pick-up in Chinese manufacturing activity.

US ferrous scrap export prices fall as demand diminishes

Several US ferrous scrap exporters have lowered buying prices at docks along the US East Coast and West Coast amid falling offshore demand, market participants told Metal Bulletin's sister publication AMM.

Midwest P1020 aluminium premiums steady

Spot Midwest aluminium premiums were stable this week, with traders and consumers reporting steady P1020 business due to scrap tightness and lower exchange prices.

CLOSE TO CLOSE: Copper and nickel prices keep climbing in LME kerb

Copper and nickel advanced in Wednesday’s kerb trading on the London Metal Exchange, after euro strength and a wave of short-covering helped prices overnight and throughout the day.

LME BILLET REPORT: 3-month contract price falls back from rally

The London Metal Exchange’s three-month steel billet contract fell back on Wednesday March 20 to $235/245 per tonne, compared with $250/270 on Tuesday.

LME OFFICIALS: Base metals prices tick up on euro, short-covering

Base metals prices clawed back recent gains in Tuesday’s official trading on the London Metal Exchange, helped by short-covering and a stronger euro.

Trading on China’s coking coal futures contract to start on March 22

The world’s first physical-delivery coking coal futures contract will begin trading on China’s Dalian Commodity Exchange (DCE) on Friday March 22.

Shanghai's free trade zone to ‘sit and watch’ LME and SHFE compete

Shanghai's free trade zones’ authorities will “sit and watch” the competition between the London Metal Exchange and Shanghai Futures Exchange to set up bonded warehouses, sources told Metal Bulletin.

Shanghai copper prices up after two days of decline

Shanghai Futures Exchange copper prices were up on Wednesday March 20 after two days of losses on concerns over the Cyprus bailout plan.

LME ASIAN WRAP: Copper prices rebound after nearing seven-month low

London Metal Exchange copper prices rebounded during early Asian trading hours on Wednesday March 20, after suffering losses in the past sessions on concerns about the proposed levy on Cypriot depositors.