May 2022

LME announces changes to accountability levels in base metals

The London Metal Exchange has outlined in a notice to members that it has amended the accountability levels for several base metals, with the exchange examining its position-management arrangements.

Nickel soars 8% on dip-buying; tin, zinc rebound

Base metal futures on the London Metal Exchange were up across the board at the 5pm close on Thursday May 19.

Base metal warrants report for May 19

A summary of the London Metal Exchange warrant premiums across the globe for the week of May 18.

Iron ore prices tick up on warmer sentiment, but downstream demand muted

Seaborne iron ore prices increased on Thursday May 19 amid firmer sentiment among traders who saw Shanghai's start of lifting of lockdowns as a bullish sign, market sources told Fastmarkets.

Seaborne coking coal cfr prices continue to drop amid lull in activity

Seaborne coking coal prices in the cfr China market continued to drop on Thursday May 19 amid quiet conditions, sources said. Prices in the fob Australia market, meanwhile, were relatively firm.

Chinese HRC spot prices extend losses after futures slip to four-month low

Spot prices for hot-rolled coil prices in China extended their decline on Thursday May 19 after futures prices for the flat steel product slipped to a four-month low amid sustained concerns over demand.

LME base metal futures edge up; tin gains 2%

Base metal futures on the London Metal Exchange were up across the board at the 9am open on Thursday May 19 following Wednesday’s sell-off.

China’s stainless-steel prices still trending down amid weak demand

China’s stainless-steel prices continued dropping in both the domestic and export markets over the week ending Wednesday May 18, due to soft demand and a drop in the nickel price.

China's domestic rebar prices plunge amid high inventory levels

China’s domestic rebar prices decreased sharply on Thursday May 19 amid high inventory levels of mills and in the spot market.

Base metal futures decline following bounce

Base metal futures on the London Metal Exchange were down across the board at the 5pm close on Wednesday May 18, with the base metals unable to hold onto their gains from Tuesday.