March 2013

5N Plus makes net loss of $227.9 million in 2012

Minor metals supplier 5N Plus posted a net loss of $227.9 million in 2012, resulting from significant write-downs in inventory, non-current assets and goodwill, it said on Thursday March 28.

Shanghai copper ends Q1 5.7% lower amid concerns for Chinese and European economies

Shanghai Futures Exchange copper prices fell on Friday March 29, ending down 5.7% in the first quarter of 2013 amid heightened concerns for Chinese and European economies.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

Zinc alloy premiums fall on declining LME prices

Declining London Metal Exchange zinc prices have pushed US zinc alloy premiums down this week, although special-high-grade premiums remain firm.

Spot nickel premiums recede to ten-year low

Melting-grade nickel spot premiums fell this week to their lowest level in more than a decade as an influx of nickel into London Metal Exchange-approved warehouses in Chicago exacerbated concerns over lacklustre demand and domestic oversupply.

PRICING NOTICE: UK Easter holiday will affect Metal Bulletin’s pricing reports

Due to the UK national holidays on Good Friday March 29 and Easter Monday April 1, no Metal Bulletin price assessments will be published on those dates. Prices will be updated from Tuesday April 2.

CLOSE TO CLOSE: Base metals slide as LME closes for Easter

Base metals prices slipped still lower during the kerb session on the London Metal Exchange on Thursday March 28, as the market closed for the European Easter holiday.

LME BILLET REPORT: 3-month contract, cash prices push up again

The London Metal Exchange’s three-month steel billet contract price rebounded to $205-210 per tonne on Thursday March 28, after a heavy drop to $175-180 per tonne on Wednesday.

MEIR ON METALS: European, Chinese concerns weigh on base metals prices at end of lacklustre week

Analyst Ed Meir looks at what is moving the metal markets on Thursday March 28.

LME OFFICIALS: Base metals prices down on Chinese banking news

Base metals prices were down again during the official session on the London Metal Exchange on Thursday March 28, as the market prepared to close for the Easter break in Europe and news of banking changes in China emerged.