December 2017

LIVE FUTURES REPORT 29/12: LME nickel rallies 3%; base metals close 2017 on strong footing

Base metals prices on the London Metal Exchange were on divergent paths on the last trading day of the year, Friday December 29, with nickel stealing the show.

OBITUARY - Warehouseman Charles Bucknall dies at 63

Metal warehousing expert Charles Bucknall passed away just before Christmas at the age of 63.

IRON ORE PRICES: Benchmark index flat at $72 per tonne cfr

Iron ore prices remained stable around $72 per tonne cfr China on Friday December 29 amid lackluster trading on the last working day of the year.

CHINA HRC: Domestic market steady amid limited year-end trading

China’s hot-rolled coil prices regained some stability ahead of the New Year weekend on Friday December 29 amid sparse trading activity.

Trading thins in iron ore market on year's last working day

Physical iron ore trading largely faded out on the last working day of 2017 amid mixed signals from China’s ferrous futures and steel markets on Friday December 29.

LIVE FUTURES REPORT 29/12: LME copper, ali dip after recent rally; base metals consolidating

Base metals prices on the London Metal Exchange edged lower at the beginning of the last trading day of the year, Friday December 29, but are mostly consolidating after hitting fresh highs over the last two days.

CHINA REBAR: Domestic prices fall further amid year-end lull

China’s domestic rebar prices continued to trend downward on Friday December 29 amid sparse trading just before the New Year weekend.

LIVE FUTURES REPORT 29/12: SHFE nickel stocks up 10.5%

Deliverable nickel stocks at Shanghai Futures Exchange-approved warehouses increased 4,185 tonnes, or 10.5%, over the past week to 44,216 tonnes as of Friday December 29.

SHFE vs LME physical arbitrage 29/12: Copper, aluminum, zinc, nickel

Arbitrage for copper, aluminum, zinc and nickel imported into China on Friday December 29*

METALS MORNING VIEW 29/12: Base metals sent a clear message in 2017

Base metals traded on the London Metal Exchange are edging lower this morning, Friday December 29, posting a marginal average drop of 0.2%, with aluminium (-0.6%) the weakest and lead (+0.2%) the most resilient, on fairly low trading volumes due to the holiday season.