May 2013

IRON ORE DERIVATIVES WRAP: Swaps prices drift after early rally

The iron ore swaps market showed gains in early trading on Friday May 31, before falling away after index prices were published.

LME BILLET REPORT: 3-month contract prices move up $10

The London Metal Exchange’s three-month steel billet contract price rose to $160-180 per tonne on Friday May 31, from $150-170 per tonne on Thursday May 30.

Indium prices static as Fanya stocks hit 1,000 tonnes

Indium prices were steady on Friday May 31 as sellers outside China continued to let material go at levels far below the prices seen on the Kunming Fanya Metal Exchange, where more than 1,000 tonnes of indium are stored.

LME OFFICIALS: Base metals prices consolidate earlier gains in officials

Base metals consolidated the previous day’s gains in official trading on the London Metal Exchange on Friday May 31, with all metals settling near their opening prices, with the exception of copper, which dipped back below $7,300.

Shanghai copper price ends week higher even as supply outlook tames gains

Shanghai Futures Exchange copper price ended the week higher on Friday May 31, though market participants raised concerns over possible rise in supply in the coming months.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper price up as market awaits cues on Chinese demand

London Metal Exchange copper price was up during the Asian morning session on Friday May 31 on hopes that the US Federal Reserve will continue its bond-buying programme.

IRON ORE DERIVATIVES WRAP: Swaps prices push up despite physical fall

The OTC iron ore market saw prices show a surprise rebound on Thursday May 30, despite physical iron ore prices diving by more than $6 on the day.

CLOSE TO CLOSE: Base metals prices edge higher in kerb

Base metals edged above their official prices in kerb trading on the London Metal Exchange on Thursday May 30, as the dollar slipped against the euro and some market participants squared their books ahead of the end of the month.

LME BILLET REPORT: 3-month contract price unchanged; cash price up $5

The London Metal Exchange’s three-month steel billet contract price was unchanged day-on-day at $150-170 per tonne on Thursday May 30.