October 2013

CLOSE TO CLOSE: Base metal prices down as Fed gets more bullish

Base metal prices fell during kerb trading on the London Metal Exchange on Thursday October 31, after a slightly more bullish than expected announcement from the US Federal Reserve, sources said.

LME OFFICIALS: Base metals prices drift down on stronger US dollar

London Metal Exchange base metals prices drifted lower in official trading on Thursday October 31 as the US dollar firmed up.

Shanghai copper price down as concerns about oversupply remain

The Shanghai Futures Exchange copper price drifted lower on Thursday October 31, as the market digested the US Federal Reserve’s decision to continue its easing policy even as concerns about fundamentals remain.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper down as investors await clarity

The London Metal Exchange copper price edged down during Asian morning trading on Thursday October 31 as the market awaited clear direction.

CLOSE TO CLOSE: Copper prices rise in kerb trading on spread activity

London Metal Exchange copper prices rose during kerb trading on Wednesday October 30 as activity on the spreads and declining stocks drove interest in the metal, sources told Metal Bulletin.

Traderight will start trading, clearing LME from next month

London Metal Exchange category II broker Traderight has been approved to start trading and clearing on the exchange from Wednesday November 6, the exchange said in a notice to members.

EXPERT VIEW: Commitments of traders reports are not fit for purpose – Marex Spectron

Amid expectations that the London Metal Exchange will produce its own commitments of traders (CoT) reports, Marex Spectron’s head of analytics sales, Vicky Sanders, cautions that such methods are no longer fit for purpose.

LME OFFICIALS: Copper prices up as stocks hit eight-month low

London Metal Exchange copper prices rose $55 on an official basis on Wednesday October 30 as stocks declined to the lowest level in almost eight months, sources told Metal Bulletin.

Shanghai copper closes higher on lift from stock market

Shanghai Futures Exchange copper closed higher on Wednesday October 30, after a surge in local equity markets during the day supported metal prices.