February 2015

European aluminium premiums drop further as desperation emerges among sellers

Aluminium premiums dropped still further on Friday February 27, as market participants reported increasing desperation to unwind long positions.

WEEK IN BRIEF: Aluminium premiums; copper climbs; Noble results; SFP sale talks

Conference season was in full swing last week, and the news was coming in thick and fast. Here we take a look at some of the key stories from the past week.

LME OFFICIALS: Copper prices fall on profit taking, capping week of gains

Copper prices dropped during official trading on the London Metal Exchange on Friday February 27, on profit taking after prices reached a six-week high.

Shanghai copper price climbs amid hopes for government support

Shanghai Futures Exchange copper prices rose on Friday February 27, amid mounting hopes for supportive government policies.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper prices down on strong dollar

London Metal Exchange copper prices lost ground during Asian morning trading on Friday 27 February as the dollar rose.

CLOSE TO CLOSE: Copper pares some of its earlier gains on stronger dollar

Copper prices pared some of their earlier gains during kerb trading on the London Metal Exchange on Thursday February 26, as the euro eased against the dollar on the back of stronger than expected US data.

LME OFFICIALS: Copper prices jump over $100 on stop-loss buying

Copper prices jumped by over $100 during official trading on the London Metal Exchange on Thursday February 26, as stops were triggered after the red metal broke through its resistance level.

Shanghai copper hits 6-week high amid hopes of policy support

Shanghai Futures Exchange (SHFE) copper prices rose to a six-week high on Thursday February 26 amid rising expectations that the government will introduce supportive policies.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*