May 2020

Triland cancels LME Week party due to Covid-19; LME 'evaluating' all events

Triland Metals has canceled its annual party, which was set to take place during LME Week in London on Monday October 19.

IRON ORE DAILY: Seaborne iron ore prices down as supply concerns ease

The prices for seaborne iron ore went down on Tuesday May 26 with market sources saying that Brazilian miner Vale’s weekly iron ore shipments increased, easing market concerns about supply.

LIVE FUTURES REPORT 26/05: LME copper price up 1.5%; 25k inflow of aluminium at Port Klang

Three-month base metals prices on the London Metal Exchange were mostly up during morning trading on Tuesday May 26, with copper giving the best performance of the complex in terms of percentage gains.

MORNING VIEW: Strong gains in broader markets show confidence in recovery is improving, but US-China trade dispute affecting metals

Broad markets were stronger this morning, Tuesday May 26, with many Asian-Pacific equity indices up by around 2%, while pre-market major western equities were up by around 1% but metals prices were mixed.

LIVE FUTURES REPORT 22/05: LME metal price rally trips on underwhelming NPC start

LME base metals fell at the final hurdle this week, with prices slumping on Friday May 22 after having been on course for their best performing week of the year.

SHFE STOCKS REPORT 22/05: Almost all inventories fall; copper stocks plunge 16%

Deliverable stocks of all base metals except lead in Shanghai Futures Exchange-approved warehouses fell in the week to Friday May 22.

IRON ORE DAILY: Seaborne iron ore prices inch down amid China’s twin sessions

Seaborne iron ore prices dipped slightly on Friday May 22 with the opening of China’s twin sessions, in which, for the first time since 1994, no gross domestic product growth target was set by the Chinese government.

CHINA REBAR: Prices flat amid mixed developments from 'two sessions'

China’s domestic rebar prices were unchanged on Friday May 22 due to mixed news emerging from a meeting of policymakers in Beijing.

CHINA HRC: Domestic prices dip after govt drops GDP target

Eastern China's hot-rolled coil prices narrowed downward on Friday May 22 after the Chinese government decided for the first time to drop its gross domestic product growth target for this year.

LIVE FUTURES REPORT 22/05: 14kt fresh cancellation keeps LME aluminium above $1,500/t

A 14,350-tonne fresh cancellation of aluminium in London Metal Exchange-approved Asian sheds, as of 9am on Friday May 22, kept the metal’s three-month price above the psychological level of $1,500-tonne.