August 2020

Alvance Aluminium gains ASI performance certification for Dunkerque plant in France

Alvance Aluminium has achieved ASI ‘Performance Standard’ certification for its smelting and casting operations in Dunkerque, France, the Aluminium Stewardship Initiative (ASI) announced on Wednesday August 26.

GLOBAL ALUMINIUM WRAP: Premiums in Brazil, Rotterdam move higher; LME contango supports premiums

A wide contango in London Metal Exchange spreads supported aluminium premiums across the globe in the week ended Tuesday August 25, with only the premiums in Shanghai bucking the trend.

WEEKLY BASE METAL PREMIUMS REPORT: 25/08

A summary of base metals premiums from across the globe for the week to Tuesday August 25.

LIVE FUTURES REPORT 25/08: Positive US-Sino rhetoric, weaker dollar buoy LME base metals prices

The apparent reaffirming of a phase one trade deal between the United States and China continued to drive an increase in London Metal Exchange three-month prices during the afternoon on Tuesday August 25, with LME base metals futures universally closing up at the 5pm kerb.

IRON ORE DAILY: Prices down amid Tangshan sintering restrictions

Prices for iron ore fines went down on Tuesday August 25, with market sources saying that the restrictions on sintering in the Tangshan area of northern China have affected demand expectations.

COKING COAL DAILY: Seaborne prices flat; China waiting while India buying

Seaborne coking coal prices across the board remained flat on Tuesday August 25, while India was actively purchasing seaborne premium mid-volatility hard coking coal and Chinese market participants were looking forward to October, sources said.

CHINA HRC: Export offers rise amid stable domestic market

Export offers for Chinese hot-rolled coil have risen by $5 per tonne on Tuesday August 25 compared with a week earlier on a stable domestic market, though thin trading has raised doubts among sources about whether the increases would stick.

LIVE FUTURES REPORT 25/08: Trade deal optimism pushes LME base metals complex higher; zinc climbs 1.1%

Three-month base metals prices on the London Metal Exchange were predominantly up during morning trading on Tuesday August 25, with price action consolidating higher against news of a reaffirmed commitment to trade talks between the United States and China, while zinc futures led the way in a 1% morning uptick.

CHINA REBAR: Domestic prices lose upward momentum on sliding futures

China’s domestic rebar prices stopped rising on Tuesday August 25 amid lower trading activity due to weaker futures.

LIVE FUTURES REPORT 24/08: Equities rally sees LME nickel price climb 1%; others push higher

The three-month price of nickel on the London Metal Exchange was higher at the close of trading on Monday August 24, outperforming its peers and closing a little more than 1% higher, while the entire base-metals complex was given a boost by a rally in global equity markets.