December 2013

LME on track to break trading records in 2013

The London Metal Exchange trading volumes were on course to break annual records in the first eleven months of the year, data from the exchange showed on Thursday December 19.

LME ASIAN WRAP: Limited gains for copper as liquidity concerns in China persist

The London Metal Exchange copper price consolidated during Asian morning trading on Friday December 20 as the market digested the US Federal Reserve’s decision to scale-back stimulus while pressure from year-end liquidity tightness in China remained.

CLOSE TO CLOSE: Copper price holds at $7,200 as nearby spread shows small contango

Copper prices recovered from a dip seen after weak US manufacturing figures to close at $7,200 per tonne on the London Metal Exchange on Thursday December 19.

LME OFFICIALS: Copper prices flat after Fed signals $10bn taper

Copper prices were broadly unchanged on an official basis on the London Metal Exchange on Thursday December 19, after the Federal Reserve announced a $10 billion per month cut in asset purchases from January.

Shanghai copper drifts lower on Fed tapering plans

The Shanghai Futures Exchange copper price closed lower on Thursday December 19, as markets reacted to the US Federal Reserve beginning to taper its quantitative easing programme.

LME ASIAN WRAP: Copper price falls as Fed announces January tapering plans

Copper prices on the London Metal Exchange fell in Asian morning trading on Thursday December 19 after the US Federal Reserve signaled the beginning of the end of quantitative easing.

CLOSE TO CLOSE: Copper prices rebuild as dollar weakens ahead of Fed tapering

Copper prices inched higher at the close of trading on the London Metal Exchange on Wednesday December 18, finding support as the dollar weakened moderately ahead of a key policy announcement from the US Federal Reserve Open Markets Committee.

LME OFFICIALS: Copper back unravels on third Wednesday lending

The backwardation in London Metal Exchange copper contracts unravelled in official trading on Wednesday December 18, as the December contract was lent back to the market as it became prompt.

The ins and outs of banks and commodities

For commodities traders, it would seem something else is certain apart from death and taxes: banks’ repeated entry into, and exit from, the commodities trading world.

Shanghai copper drifts lower as market awaits Fed policy cues

The Shanghai Futures Exchange copper price closed lower on Wednesday December 18 as investors awaited news on the US Federal Reserve’s stimulus programme.