May 2013

LME OFFICIALS: Dollar strength caps base metal prices in officials

Base metals were under pressure in the official session on the London Metal Exchange on Wednesday May 29, with copper falling back below $7,300 on dollar strength and poor equity markets.

Shanghai copper price up but demand worries check gains

Shanghai Futures Exchange copper price was up on Wednesday May 29 on indications that the USA economy is on a recovery track but gains were capped by persistent demand concerns in China.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper price up on US recovery signs

Copper price on the London Metal Exchange was up during Asian morning trading on Wednesday May 29 on indications of a robust recovery in US economy, though gains were capped by a strong US dollar.

CLOSE TO CLOSE: Base metals end kerb near official prices

Base metals closed trading on Tuesday May 28 near to their earlier official prices, with little direction in the market on a lack of economic data.

LME BILLET REPORT: 3-month contract price spread narrows upward

The London Metal Exchange’s three-month steel billet contract price narrowed upward to $160-170 per tonne on Tuesday May 28, from $150-170 per tonne on Friday.

LME OFFICIALS: Base metals prices rangebound as US, UK traders return

Base metals prices stayed within ranges in official trading on the London Metal Exchange on Tuesday May 28, with limited activity following public holidays in the USA and the UK on Monday.

IRON ORE DERIVATIVES WRAP: OTC values down further

Iron ore swaps continued their downward trend on Tuesday May 28 on a weaker physical market and declining rebar futures.

Shanghai copper price down; demand concerns persist

Shanghai Futures Exchange copper price moved down on Tuesday May 28, awaiting cues from London and USA markets which reopen today after the long weekend.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*