August 2020

LIVE FUTURES REPORT 14/08: LME nickel price leads upswing supported by stable China economic recovery

Base metals prices opened mostly higher on the London Metal Exchange, with stable indications of economic recovery in China helping support prices on Friday August 14.

HOTTER ON METALS: The unlikely views on the LME spot trading platform

Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry.

LIVE FUTURES REPORT 13/08: Copper leads prices downward as market rally runs out of steam

London Metal Exchange copper futures fell toward the 5pm close on Thursday August 13, failing to stabilize above the level of $6,400 per tonne.

IRON ORE DAILY: Mid-grade fines prices dip, port congestion eases

Prices for mid-grades of iron ore went down on Thursday August 13 with the expectation of an easing of the cargo congestion at ports in China, sources have told Fastmarkets.

LME unveils new contracts, digital register, spot platform in sustainability drive

The London Metal Exchange has unveiled a package of sustainability proposals including new aluminium and steel scrap contracts, a spot trading platform and LMEpassport - a new digital register for physical metals data.

CHINA HRC: Overseas buyers seeking position cargoes amid high export offers

China’s domestic hot-rolled coil prices were largely stable on Thursday August 13, while overseas buyers have started to seek out cheaper position cargoes.

CHINA REBAR: Prices hold steady on stable demand

China’s domestic rebar prices stopped dropping on Thursday August 13 on steady demand from the construction sector.

LIVE FUTURES REPORT 13/08: LME complex under pressure; high zinc stocks push price below $2,400/t

Base metals prices on the London Metal Exchange were under pressure across the board this morning on Thursday August 13, with the copper price dipping 1.2%.

MORNING VIEW: Metals consolidate while traders await developments on US-China trade, US stimulus

Markets across the board were in consolidation mode this morning, Thursday August 13, with metals and Asian-Pacific equities mixed, while pre-market major western equity index futures were weaker.

China’s stainless steel prices keep rising despite weaker demand

China’s domestic and export prices for stainless steel maintained their upward trend over the past week despite lower demand than the preceding week.