September 2013

CLOSE TO CLOSE: Copper prices rise as algos reign in quiet market

London Metal Exchange copper prices drifted upwards on Thursday September 26 in light trading as consumers and producers kept out of the market and algorithm traders took over.

LME BILLET REPORT: Billet contract, cash prices hold steady

The London Metal Exchange’s three-month steel billet contract price was $230-240 per tonne on Thursday September 26, unchanged from Tuesday and Wednesday.

LME OFFICIALS: Base metals prices up as fears of wider Syrian war fade

London Metal Exchange base metals prices strengthened during official trading on Thursday 26 September, driven by a more stable climate as fears of western intervention in Syria died down.

Shanghai copper price up as shorts square positions

The Shanghai Futures Exchange copper price settled higher on Thursday September 26, as shorts squared positions ahead of the week-long national holiday in China.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper price down on China, US concerns

The London Metal Exchange copper price was down during Asian morning trading on Thursday September 26 in absence of strong drivers from China and worries over the US economic outlook.

CLOSE TO CLOSE: Copper prices rise as ICSG shows deficit

Copper prices rose during kerb trading on Wednesday September 25 spurred by a report that showed a deficit in copper production during June this year.

Rusal objects to HKEx’s ‘unprecedented intervention’ in aluminium market

Aluminium producer UC Rusal has called on the London Metal Exchange to postpone the changes it proposes to make to warehouse load-out rates, and instead provide more information about position holdings and encourage competition between warehouse firms.

UC Rusal lays out five alternatives for HKEx, LME

UC Rusal, a leading aluminium producer, has outlined measures it argues the London Metal Exchange should take in place of the proposed amendments to load-out rates, which are due to come into force in April.

High-silver lead TC/RCs sinking as competition for South American feed intensifies

Treatment and refining charges for high-silver lead concentrates have dropped significantly in recent weeks as competition for feed coming from South American mines has intensified, market sources told Metal Bulletin.