August 2020

BASE METALS WARRANT REPORT 19/08

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 19.

LIVE FUTURES REPORT 19/08: LME copper price climbs 1.3% to breach $6,600/t; zinc passes $2,500/t

The three-month copper price on the London Metal Exchange was the standout performer at the close of trading on Wednesday August 19, with steady buying into the afternoon causing the red metal to break through nearby resistance, while zinc futures closed above $2,500 per tonne for the first time since November 2019.

GLOBAL ZINC & LEAD WRAP: Lead demand up in South Asia; China market gathers arb momentum

Global zinc premiums were collectively flat in the week to Tuesday August 18, while an uptick in lead demand in Southeast Asia allowed spot interest to mount, albeit against climbing LME three-month prices for both commodities.

COKING COAL DAILY: Seaborne premium cfr price edges down

Seaborne premium hard coking coal prices in the cfr market edged lower on Wednesday August 19 on recent transactions.

IRON ORE DAILY: Prices up amid decrease in China domestic iron ore output

Iron ore fines prices gained ground on Wednesday August 19 with healthy demand continuing, sources said, while the decrease in China domestic iron ore production in July could help push prices up.

CHINA HRC: Overseas buyers seek cheap position cargoes

China’s hot-rolled coil prices were largely stable on Wednesday August 19, but overseas buyers were seeking cheaper numbers from traders with position cargoes.

LIVE FUTURES REPORT 19/08: Copper continues rally; complex piggybacks higher

Copper prices continued to soar on the London Metal Exchange during morning trading on Wednesday August 19, with the rest of the complex following higher.

AT A GLANCE: HKEX achieves record H1 revenue despite ‘volatile macro backdrop’

A summary of Hong Kong Exchanges & Clearing’s (HKEX) first half-year results, for the six months ended June 30, 2020.

MORNING VIEW: LME base metals prices consolidate after Tuesday’s breakaway gains, broader markets mixed

Most of the base metals on the London Metal Exchange were consolidating this morning, Wednesday August 19, after the majority of them extended gains on Tuesday; the exceptions were aluminium and tin, while copper was where the main action was this morning.

LIVE FUTURES REPORT 18/08: US housing starts uptick prompts positive LME close; copper price notches 2yr-high

The three-month base metals prices on the London Metal Exchange were higher at the close of trading on Tuesday August 18, after positive US housing starts and building permits data supported complex-wide buying into the afternoon, with copper led the complex by closing at its highest level since June 2018.