June 2013

High-carbon ferro-chrome set to fall further

High-carbon ferro-chrome prices have eased again, with traders forecasting further price drops in the coming weeks.

MANGANESE ORE INDEX: Prices keep falling on lower offers, poor demand

Manganese ore prices continued falling on Friday June 28 as South African offers remained aggressive amid poor demand from manganese alloys smelters.

CHARGE CHROME INDEX: Prices fall in China, Europe on weak spot demand

Ferro-chrome prices fell in China and Europe on continued poor spot demand and as producers sought to move material ahead of the European summer, helped by weak local currencies.

LME OFFICIALS: Copper prices tick up on better equities prices and data, PBOC relief

Copper prices firmed in Friday’s official trading on the London Metal Exchange after stronger Chinese equities and encouraging US and European data boosted the overnight session.

LME BILLET REPORT: 3-month steel billet contract price falls

The London Metal Exchange’s three-month steel billet contract price fell to $145-165 per tonne on Friday June 28, from $160-180 per tonne on Thursday.

COMMENT: HKEx showed way ahead at LME week Asia, with dragon dance and football shirt

What was the most memorable moment of the first LME Week Asia to be held in Hong Kong?

PRICING NOTICE: Correction to US premiums for June 27

As the result of a transmission error, the following US in-warehouse copper premiums for June 27 were updated wrongly on our system.

OBITUARY: Marc Rich, pioneer of modern commodity markets

Marcell David Reich, later Marc Rich, was born in Belgium on December 18, 1934, the only child of Paula Reich-Wang and David Reich, a hard-working businessman whose successes in trading various items including scrap metal, fabrics and clothing afforded his traditional Jewish family a modest middle-class lifestyle in Antwerp.

Shanghai copper price down on the week amid thin trading

Shanghai Futures Exchange copper price ended the week lower on Friday June 28 as investors remained wary of risky assets.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*