March 2013

LME BILLET REPORT: 3-month contract, cash prices fall

The London Metal Exchange’s three-month steel billet contract price moved down to $230-250 per tonne on Monday March 18, from $250-270 per tonne on Friday.

LME OFFICIALS: Copper price drops to 4-month low on Cyprus bailout concerns

Three-month copper plunged to a four-month low on the London Metal Exchange on Monday March 18, as markets fell in response to the harsh terms of the Cyprus bank bailout.

Shanghai copper prices plummet as investors fret over Cyprus bailout

Shanghai Futures Exchange copper prices plunged on Monday March 18, after the US dollar index approached a seven-month high following news of a levy on Cyprus depositors.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper prices dive as Cyprus bailout sparks fears of bank runs

London Metal Exchange copper prices fell sharply during the Asian morning session on Monday March 18 after news of a savings levy on Cyrpus depositors threatened fresh turmoil in the eurozone.

Ferro-vanadium prices climb as molybdenum values drop

Ferro-vanadium prices have ticked up slightly on reports of tightening supply, while molybdic oxide and ferro-molybdenum prices dropped further.

IRON ORE DERIVATIVES WRAP: OTC iron ore prices bounce back

The OTC iron ore market showed a surprise rebound on Friday March 15, with prices bouncing up as much as $7 on the day after sharp losses on Thursday.

LME BILLET REPORT: 3-month contract prices unchanged, cash prices up

The London Metal Exchange’s three-month steel billet contract price remained unchanged on Friday March 15, at $250-270 per tonne.

LME OFFICIALS: Talk turns to spreads as base metal prices trade flat

Copper and aluminium spreads were tightening on the London Metal Exchange on Friday March 15 as outright prices in both metals traded sideways.

MEIR ON METALS: Base metals prices up at end of one of quietest weeks in months

Analyst Ed Meir looks at what is moving the metal markets on Friday March 15.