January 2020

LIVE FUTURES REPORT 28/01: LME nickel climbs 0.2% in dip-buying; copper holds at $5,700/t

The London Metal Exchange three-month nickel price was slightly higher during morning trading on Tuesday January 28, with dip-buying momentum prompting a marginal uptick, while copper futures failed to gather momentum.

LIVE FUTURES REPORT 27/01: Risk-aversion sees LME base metals prices crumble; zinc loses 3.6%

Base metals prices on the London Metal Exchange were significantly lower at the close of trading on Monday January 27, with the majority of three-month prices across the complex down by some 2% because of continued risk-aversion in commodity markets, with zinc futures leading the retreat to close at a six-week low.

LIVE FUTURES REPORT 27/01: Selling pressure continues for LME nickel price; zinc slips below $2,300/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday January 27, with macro risk-off sentiment prompting a 2.5% decline, while zinc futures followed lower.

LIVE FUTURES REPORT 24/01: Risk-off sentiment sees LME nickel fall below $13,000; tin sinks below $17,000

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Friday January 24, losing more than 3% and sinking below nearby support to close at its lowest level in six months, while tin futures also struggled over the afternoon.

IRON ORE DAILY: Coronavirus fears linger, Chinese port inventories dip slightly

Seaborne iron ore prices were rangebound on Friday January 24 while the week-long Chinese New Year holiday starts, but market participants who were still working believe that the outlook is bearish with the ongoing fears of the coronavirus not being contained.

LIVE FUTURES REPORT 24/01: LME nickel price continues downtrend; copper ticks above $6,000/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday January 24, with price action continuing its descent against consistent inflows, while copper futures found support back above nearby resistance.

COKING COAL DAILY: Prices flat, Goonyella line ops resume

Seaborne coking coal prices were unchanged on Friday January 24 in the absence of transactions, with the largest buyer in the spot market, China, starting its week-long public holiday for the Chinese New Year.

LIVE FUTURES REPORT 23/01: Macro risk-off sentiment sinks LME copper price below $6,000/t; tin down 2.5%

LME three-month copper fell to its lowest price since December 5 on Thursday January 23, dipping below the $6,000-per-tonne support level at the close amid strong turnover, while tin led the complex in terms of losses.

COKING COAL DAILY: Holiday lull, virus fears grip Chinese market

The seaborne coking coal market was quiet on Thursday January 23 with many participants in China already away for the Chinese New Year, though a mysterious respiratory virus that is spreading across the country is clouding the outlook for prices.

LIVE FUTURES REPORT 23/01: LME aluminium price dips below $1,800/t on rewarranting; copper sinks below $6,100/t

The three-month aluminium price on the London Metal Exchange dipped below nearby support levels during morning trading on Thursday January 23 on a rewarranting of 68,875 tonnes, while copper’s price struggles continued.