May 2015

Rolling LME/SHFE price report 21/05: Base metals trade sideways after manufacturing PMIs

Welcome to the rolling base metals price report tracking the London Metal Exchange and Shanghai Futures Exchange markets on Thursday May 21.

Fanya could launch ‘offshore’ exchange in Q3

Fanya Metal Exchange is planning on opening itself up to Western investors as early as the third quarter of this year, while its financing tool, Fanrong, is slated to begin operations at the end of this month, an executive from the exchange told Metal Bulletin.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME WEEK ASIA: Bourse to offer electronic warehouse receipts audit system

The London Metal Exchange plans to roll out an electronic audit system for warehouse receipts to boost confidence in processes that were shaken after the Qingdao scandal.

LME WEEK ASIA: Aluminium premium contract on track for Q4 launch; exchange looks at precious services

The London Metal Exchange remains on track to launch the aluminium premium contract in the fourth quarter, chief executive Garry Jones said at the LME Week Asia seminar this week.

MILLING ABOUT: Cargill hires Michael Schifman for base metals team

Cargill has hired Michael Schifman for the base metals team of its Risk Management business, market sources told Metal Bulletin.

Rolling LME/SHFE price report 20/05: Nickel edges above $13,000 before closing bell

Welcome to the rolling base metals price report tracking the London Metal Exchange and Shanghai Futures Exchange markets on Wednesday May 20.

LME WEEK ASIA: Impala-CITIC warehousing venture in China on track, targets SHFE listing

The warehousing joint venture between Trafigura Beheer’s Impala Terminals and China’s largest investment bank, CITIC Securities, should be fully operational by this autumn, an Impala director told Metal Bulletin.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME WEEK ASIA: HKEx aims to connect China commodities after equities

Hong Kong Exchanges & Clearing (HKEx) plans to focus on building links between the international commodity market and mainland China after its successful launch of cross-border trading in equities in Shanghai and Hong Kong six month ago, HKEx ceo Charles Li said on Wednesday May 20 during LME Week Asia.