July 2012

CLOSE TO CLOSE: Copper prices inch higher at end of month in LME kerb

Copper prices finished the day marginally higher in kerb trading on the London Metal Exchange on Tuesday July 31 as buying activity at the end of the month provided a degree of support.

LME BILLET REPORT: Cash, official prices unchanged

The London Metal Exchange’s three-month steel billet contract price remained unchanged from levels seen the previous day, holding steady at $395-405 per tonne on Tuesday July 31.

LME copper prices fail to hold $7,600 in officials as market pines for news

London Metal Exchange copper prices failed to hold above $7,600 per tonne in official trading on Tuesday July 31 as the lack of news from EU and US policymakers left markets nervous.

European lead premiums rise as available stocks fall

European lead premiums were holding at higher levels on Tuesday July 31 after rallying throughout the month amid falling inventories in Europe.

Natixis floor team departs as broker winds down

Natixis has disbanded its 20-strong ring-dealing team and given up its seat on the floor of the London Metal Exchange, as it continues to wind down its commodities brokerage business.

Singapore aluminium premiums edge up, other Asian markets hold firm

Premiums for aluminium in Singapore rose slightly on Rio Tinto Alcan’s declaration of force majeure on P1020 aluminium customers in the Asia-Pacific region, due to operational problems at its Sohar aluminium smelter in Oman.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China.

Shanghai copper prices inch up on market caution

Shanghai Futures Exchange copper prices saw small gains on Tuesday July 31 ahead of key policy meetings at central banks this week.

CLOSE TO CLOSE: Copper price finishes lower in LME kerb after Asian rally fades

Three-month copper closed at $7,545 per tonne on the London Metal Exchange on Monday July 30, compared with $7,565 per tonne on Friday, after failing to hold gains made in Asian trading hours.

LME BILLET REPORT: Cash, official prices unchanged

The London Metal Exchange’s three-month steel billet contract remained unchanged from levels seen at the end of last week, holding steady at $395-405 per tonne on Monday July 30.