June 2020

LIVE FUTURES REPORT 25/06: LME lead price continues upsurge; copper fails to breach $5,900

The three-month price of lead on the London Metal Exchange continued its upward trajectory at the close of trading on Thursday June 25, closing more than 1% higher and topping gains across the base-metals complex.

IRON ORE DAILY: Seaborne prices flat amid Chinese holiday

Seaborne iron ore prices were flat on Thursday June 25 amid a public holiday in China to mark the Dragon Boat Festival.

COKING COAL DAILY: Prices flat amid muted Chinese market [CORRECTED]

Seaborne premium hard coking coal prices were unchanged on Thursday June 25 amid an absence of Chinese market participants due to a public holiday in China to mark the Dragon Boat Festival.

LIVE FUTURES REPORT 25/06: LME lead price tops morning gains on fresh outflows

The three-month lead price on the London Metal Exchange was the standout performer during morning trading on Thursday June 25, supported by a continued trend of stock withdrawals, while a steady incline in LME tin stocks softened the metal’s wide backwardation.

MORNING VIEW: All quiet in metals markets with China on holiday

Broader markets were generally weaker this morning, Thursday June 25, with those equity markets that were open in the Asian-Pacific region mainly weaker by between 1% and 2%.

GLOBAL NICKEL WRAP: Lackluster physical appetites keep global nickel premiums flat

Nickel premiums in all regions traded flat in the week ended Tuesday June 23, with demand for the metal being weak in all global markets.

LIVE FUTURES REPORT 24/06: LME base metals subdued in low-volume trading; copper C/3M softens to $8.50/t contango

Three-month base metals prices on the LME were mostly lower at the close of trading on Wednesday June 24, with thin turnover a key sign that investor sentiment remains fragile.

BASE METALS WARRANT REPORT 24/06

GLOBAL ZINC & LEAD WRAP: Lead demand still weak despite Asia reopenings; zinc premiums flat

Spot lead demand in Southeast Asia is still lackluster despite lockdown easing across Vietnam, Malaysia and Indonesia, while interest in spot zinc units was minimal in all regions, which left premiums unchanged in the week to Tuesday June 23.

COKING COAL DAILY: Seaborne premium cfr China index jumps; Japanese demand seen recovering

The seaborne premium hard coking coal price in the China cfr market leapt by 3.4% day on day on Wednesday June 24 due to deals agreed at higher prices, while demand for seaborne coking coal in Japan is increasing gradually, market participants told Fastmarkets.