August 2012

LME BILLET REPORT: Warehouse stocks down 1,430 tonnes

The London Metal Exchange’s three-month steel billet contract price held steady at $355-365 on Friday August 31, from $355-365 per tonne on Wednesday.

LME OFFICIALS: Copper prices drift as market braces for Jackson Hole

Copper prices settled lower in official trading on the London Metal Exchange on Friday August 3,1 as positions were closed out ahead of a speech to be given by Ben Bernanke at an annual meeting of central bankers in Jackson Hole, Wyoming, later in the day.

Shanghai copper prices inch up ahead of Bernanke speech

Shanghai Futures Exchange copper prices traded in a narrow range on Friday August 31 as market focus remains on today’s annual central bankers meeting.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

LME ASIAN WRAP: Copper edges up; Jackson Hole meeting in focus

Copper prices on the London Metal Exchange rose in early Asian trading on Friday August 31 as the meeting of central bankers at Jackson Hole later in the day stayed in the limelight.

CLOSE TO CLOSE: Dollar strength sees prices fall in LME kerb

Base metals fell back in kerb trading on the London Metal Exchange on Thursday August 30, as dollar strength countered early gains after positive comments from Chinese premier Wen Jiabao.

LME BILLET REPORT: Warehouse stocks drop by over 1,000 tonnes

The London Metal Exchange’s three-month steel billet contract price dropped to $355-365 per tonne on Thursday August 30, from $360-370 per tonne on August 29.

MEIR ON METALS: Markets mixed as they brace for key policy pronouncements

Analyst Ed Meir looks at what is moving the metal markets on Thursday August 30.

LME OFFICIALS: Copper prices stronger after Merkel calms Wen’s euro fears

Copper prices pushed back above $7,600 per tonne in official trading on the London Metal Exchange on Thursday August 30, after Chinese premier Wen Jiabao said a meeting with German chancellor Angela Merkel had increased his confidence in the eurozone.

Jefferies Bache to start floor trading from September 5

Jefferies Bache will commence trading as a category I member of the London Metal Exchange on September 5, the exchange said on Wednesday August 29.