January 2020

BASE METALS WARRANT REPORT 29/01

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 29.

LIVE FUTURES REPORT 29/01: LME lead price sinks another 3%; copper dips below $5,700

The three-month price of lead on the London Metal Exchange stood out as the most notable underperformer at the close of trading on Wednesday January 29, selling off more than 3% of its outright price to close at its lowest level since June 2019, while copper continued to struggle over the afternoon.

MJP aluminium stocks decline in December; Nagoya stocks dive 8%

Primary aluminium stocks at the main Japanese port of Nagoya declined by 8% month on month at the end of December 2019, according to data released by major Japanese trading house Marubeni Corp.

GLOBAL ZINC & LEAD WRAP: Southeast Asian zinc premiums rise on increased spot activity; US, Europe flat

Southeast Asian zinc premiums increased in the week to Tuesday January 28, with improved demand boosting spot activity, while dip-buying in the region’s lead market failed to move premiums. The European and United States' zinc and lead markets remained flat.

IRON ORE DAILY: Prices drop while market mulls bearish downstream demand outlook, Brazil supply fears

The seaborne iron ore market was muted on Wednesday January 29, although market participants lowered their estimates for physical transaction prices in response to the sharp downward movement in the Singapore Exchange’s derivatives for the steelmaking raw material a day earlier.

LIVE FUTURES REPORT 29/01: LME aluminium price capped by 26.5kt fresh inflow

Upside potential in the London Metal Exchange three-month aluminium price was capped during morning trading on Wednesday January 29, dampened by a significant 26,525-tonne fresh inflow of material into LME-approved sheds in Port Klang, Malaysia.

GLOBAL ALUMINIUM WRAP: Rotterdam premiums stay on uptrend but Asia, US unchanged

Aluminium premiums in Europe continued to buck the general trend in the week ended Tuesday January 28, rising further while premiums in Asia and the United States were static.

LIVE FUTURES REPORT 28/01: LME nickel, copper hit fresh lows on risk-off selling

The London Metal Exchange three-month nickel price hit a seven-month low at $12,550 per tonne on Tuesday January 28, precipitated by risk-off selling while the uncertainty in Asian markets mounts due to China’s growing coronavirus epidemic.

IRON ORE DAILY: Viral outbreak clouds outlook for market

Trading activity in the seaborne iron ore market was muted on Tuesday January 28 with markets in China closed for a week-long public holiday for the Chinese New Year, which has been extended until Sunday in light of the coronavirus outbreak in the country.

COKING COAL DAILY: Prices flat amid absence of market drivers

Trading activity in the seaborne coking coal market was muted on Tuesday January 28 due to the absence of Chinese participants.