July 2013

Close to Close: Base metals tick up in LME kerb

Base metals consolidated earlier gains in Wednesday’s kerb trading on the London Metal Exchange, helped by a stronger euro and positive Chinese sentiment.

LME BILLET REPORT: Official prices unchanged again

The London Metal Exchange’s three-month steel billet contract price remained unchanged for a fourth consecutive day on Wednesday July 31, at $155-165 per tonne.

LME OFFICIALS: Copper spreads tighten; nickel prices rise

Copper spreads narrowed in Wednesday’s official trading on the London Metal Exchange as the red metal regained momentum on a stronger euro and comments from China indicating commitment to growth targets.

Shanghai copper price down ahead of Fed policy cues

Shanghai Futures Exchange copper went slightly lower on Wednesday July 31 ahead of news from the US Federal Reserve policy meet.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper price up ahead of Fed policy clues

London Metal Exchange copper price was up during early Asian trading on Wednesday July 31, on positive data from USA and Europe, with investors awaiting policy cues from the US Federal Reserve.

CLOSE TO CLOSE: Copper price falls further in LME kerb

Copper prices kept falling in Tuesday’s kerb trading on the London Metal Exchange, sliding below $6,750 per tonne as recent short-covering rallies looked increasingly less likely to recur or lend sustained support.

LME BILLET REPORT: Cash, 3-month steel billet prices unchanged for third day

The London Metal Exchange’s three-month steel billet contract price remained unchanged for a third consecutive day on Tuesday July 30, at $155-165 per tonne.

LME OFFICIALS: Nickel out of favour as base metals prices slide

Nickel prices lost further ground in Tuesday’s official trading on the London Metal Exchange as the market awaited US data and a stronger euro failed to support base metals.

Shanghai copper price marginally higher; markets await FOMC decision

Shanghai Futures Exchange (SHFE) copper prices traded in a narrow range on Tuesday July 30, as investors waited cautiously ahead of the decision of the US Federal Open Market Committee (FOMC) on the future of its stimulus programme.