January 2013

CLOSE TO CLOSE: Base metals prices down on poor US, Japanese data

Base metals prices lost some ground during kerb trading on the London Metal Exchange on Thursday January 31, as the market digested news of poor industrial production in Japan and disappointing jobless figures from the USA.

IRON ORE DERIVATIVES WRAP: Physical boost pushes OTC volumes up

The OTC iron ore market leapt on Thursday January 31, on higher physical tenders to China.

MEIR ON METALS: Metals prices hovering at high levels ahead of Friday’s US jobs report

Analyst Ed Meir looks at what is moving the metal markets on Thursday January 31.

LME BILLET REPORT: 3-month contract prices narrow downward

London Metal Exchange three-month steel billet contract prices narrowed to $300-305 per tonne on Thursday January 31, from $300-310 per tonne on Wednesday.

LME OFFICIALS: Base metals prices strong on continuing dollar weakness

Base metals prices remained strong during official trading on the London Metal Exchange on Thursday January 31, as US dollar weakness continued.

Shanghai copper price touches four-month high on short-covering after Fed decision

The Shanghai Futures Exchange copper price touched a four-month high on Thursday January 31, on short covering after the US Federal Reserve’s decision to continue monetary easing.

Midwest aluminium P1020 premiums steady

Midwest aluminium spot premiums have remained largely unchanged this week, although several market players said that they expect prices to rise in the coming months.

US copper premiums soften in 'eerily quiet' market

US spot copper premiums weakened on Thursday January 30, in what traders and consumers described as an "eerily quiet" market.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper price up on optimistic outlook for US, Europe

London Metal Exchange copper prices traded above $8,200 per tonne in early Asian trading on Thursday January 31 on an optimistic outlook for the US and Europe economies.