March 2015

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

ASIAN MORNING BRIEF: Key news and price moves on March 25

Bringing you up to date with the key news and price moves during the Asian morning on Wednesday.

CLOSE TO CLOSE: Copper prices hit 11-week high after overnight surge

Copper prices closed at their highest level in eleven weeks on the London Metal Exchange on Tuesday March 24, although the red metal met technical selling after briefly trading above $6,200 per tonne overnight.

LME OFFICIALS: Base metals falter after poorer Chinese data

Base metals prices lost ground in Tuesday’s official trading on the London Metal Exchange as disappointing Chinese economic data knocked risk appetite.

LME monthly contracts traded twice last week ahead of incentive programme

The London Metal Exchange’s new monthly prices traded twice last week after the order-to-trade ratio that was thought to inhibit the involvement of electronic trading companies was removed on March 16, Metal Bulletin understands.

ASIAN PRICE WRAP: Copper rises on speculators, hopes for China demand

Copper prices extended gains in Asian trading hours on Tuesday March 24, as hopes for better Chinese spot demand, as well as speculative activities, underpinned the red metal.

ASIAN MORNING BRIEF: Key stories on March 24

Hello and good morning from Metal Bulletin's London offices, bringing you the key news and price moves at the start of the Asian day.

LME OFFICIALS: Massive warrant cancellations propel lead above $1,820

Lead prices soared in official trading on the London Metal Exchange on Monday March 23, following the cancellation of almost 100,000 tonnes of warrants – equal to about 50% of all lead stocks – in various locations.

LME ELECTRONIC TRADING: The sparks that first lit up the LME

Most metal brokers point to the years 1999-2001 as the dates when electronic trading of London Metal Exchange contracts began.

Noble sues former credit analyst after Iceberg reports

Noble Group has sued a former employee that it fired in 2013 and another entity for conspiracy to injure the commodities trading giant by anonymously spreading false and misleading information, according to a lawsuit filed with Hong Kong’s High Court on Monday, March 23.