October 2012

IRON ORE DERIVATIVES WRAP: Prices move lower as volumes pick up

Physical iron ore prices edged down on Wednesday October 31, pushing down swaps values in tandem.

CLOSE TO CLOSE: Base metals prices edge up as NYSE reopens

Lead prices recorded further gains during the kerb session on the London Metal Exchange on Wednesday October 31, and other base metals prices also strengthened as the New York Stock Exchange reopened following Hurricane Sandy.

LME BILLET REPORT: 3-month spread widens, stocks shrink

The London Metal Exchange’s three-month steel billet contract price spread widened to $350-370 per tonne on Wednesday October 31, from $355-365 on Tuesday.

LME OFFICIALS: Base metals prices steady on positive Asian news, US storm

Base metals prices were relatively steady during the official session on the London Metal Exchange on Wednesday October 31, as reports emerged that economies in Asia are showing signs of improvement.

Shanghai copper prices recover after 2-day decline

Copper prices on the Shanghai Futures Exchange (SHFE) reversed losses from the past two sessions on Wednesday October 31 on improved sentiment.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper prices climb after PBOC cash injection

London Metal Exchange copper prices continued to edge up in early Asian trading on Wednesday October 31, after China’s central bank eased liquidity.

CLOSE TO CLOSE: Lead prices finish 1.7% higher; copper inches up

Lead prices recorded the strongest gains on a close-to-close basis on the London Metal Exchange on Tuesday October 30, while copper and other base metals inched higher.

LME BILLET REPORT: 3-month contract price edges up, stocks continue to dwindle

The London Metal Exchange’s three-month steel billet contract price crawled up to $355-365 per tonne on Tuesday October 30, from $350-360 on Monday.

Nickel premiums fall in 'awful' market

Nickel premiums fell in Europe on Tuesday October 30, as weakening demand from mills and downstream consumers left traders struggling to sell certain grades of metal in an “awful” market.