April 2013

CLOSE TO CLOSE: Base metals edge down in LME kerb

Base metals saw modest falls from their official prices in kerb trading on the London Metal Exchange on Tuesday April 30, with national holidays in Asian markets leading to thin volumes.

Market divided on aluminium premiums

Midwest spot aluminium premiums remained unchanged last week amid considerable uncertainty about the direction of the market.

Aluminium billet premiums ease slightly

The aluminium billet market has softened in recent weeks as uncertainty over the economy weighs slightly on premiums.

LME BILLET REPORT: 3-month contract, cash prices slide

The London Metal Exchange’s three-month steel billet contract price fell to $130-140 per tonne on Tuesday April 30.

Delayed copper ETFs hindering prices – AFund

The delay in launching physical copper exchange-traded funds (ETFs) has played a part in hindering the metal’s advance, the president of AFund Inc said.

LME OFFICIALS: Base metal prices consolidate during Asian holidays

Base metals were firmly rangebound during London Metal Exchange official trading on Tuesday April 30, on thin volumes due to holidays in Asian markets.

Tin prices set to rise on new refined export rules in Indonesia

Tin prices and premiums could rise in the coming months on tighter availability, market sources said.

LME ASIAN WRAP: Copper price stays above $7,000 ahead of US, Europe news

London Metal Exchange copper price inched up in muted trading on Tuesday April 30 as investors sat on the sidelines ahead of policy announcements from the European Central Bank and the US Federal Reserve.

IRON ORE DERIVATIVES WRAP: Chinese holiday sees swaps volumes drop

China’s May public holidays meant little change to physical iron ore prices on Monday April 29, keeping the iron ore swaps market subdued.

LME BILLET REPORT: 3-month contract price falls as cash prices widen

The London Metal Exchange’s three-month steel billet contract price fell to $140-160 per tonne on Monday April 29.