March 2021

LIVE FUTURES REPORT 31/03: LME nickel price ends March 14% lower at $16,068/t; tin closes 8% higher

The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply.

IRON ORE DAILY: Prices down despite strong PMI in March

Iron ore prices continued their downtrend on Wednesday March 31, with trading sentiment still depressed amid low liquidity at ports, sources said.

European Union enforces 21.2-32.1% anti-dumping duty on China aluminium extrusions

The European Commission (EC) will impose a definitive anti-dumping duty on aluminium extrusion imports from China, it said on Tuesday March 30.

LIVE FUTURES REPORT 31/03: Rewarranting of aluminium at LME warehouses in Malaysia fails to depress futures prices

More than 60,000 tonnes of aluminium was rewarranted at London Metal Exchange warehouses in Port Klang, Malaysia, on Wednesday March 31, but prices remained broadly unchanged from Tuesday's closing readings.

MORNING VIEW: LME base metals prices run into support after Tuesday’s weakness

Base metals prices on the Shanghai Futures Exchange were weaker on Wednesday March 31, while they track the movement of three-month prices on the London Metal Exchange on Tuesday, but LME prices have found support this morning.

LIVE FUTURES REPORT 30/03: LME nickel falls below $16,000, aluminium down 1.5%

Nickel’s futures price on the London Metal Exchange decreased by 1.65% on Tuesday March 30, while copper and aluminium were also down, with a range of macroeconomic forces that have acted as headwinds over the past few weeks continuing to exert downward pressure on prices.

IRON ORE DAILY: Prices fall on drop in port activity, weak rebar prices

Iron ore prices fell on Tuesday March 30, sources told Fastmarkets, due to the downtrend in rebar prices and reduced trading activity at Chinese ports.

How the London tin market sleepwalked into a once-in-a-lifetime spread squeeze [CORRECTED]

Tin market participants say they saw the record-breaking squeeze coming, but in pandemic-time trading, how does it get back to normal?

LIVE FUTURES REPORT 30/03: LME lead price up the most with 0.7% gain

London Metal Exchange futures prices were mixed this morning, with tin, lead and nickel posting small gains and the rest of metals falling slightly below their Monday prices on Tuesday March 30 morning, with broader markets acting as headwinds.

MORNING VIEW: Base metals prices mainly firmer, but consolidation dominates

Apart from aluminium, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Tuesday March 30, with broader markets also firmer having partially shook off, for now, contagion worries from last week’s hedge fund troubles.