Aluminium Aluminium has been on the defensive after support from...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus do...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening comments. Investors are awaiting Federal Reserve Chairman Jerome Powell's testimony on monetary policy to be made at 10:00 AM EST.Index futures moved lower following release of economic news released at 8:30 AM EST. Chairman Powell's initial comments were released. In addition, the January Dura...Read More
SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More
SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More
SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More
Copper hit by a slight bout...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
The latest metal markets news and price moves to start the North American day on Tuesday February 27.Base metals prices on the London Metal Exchange were mostly firmer during morning trading, but no significant movements are taking place.The three-month aluminium price was $20 higher as it pushed back above $2,150 per tonne after further cancellations at LME-listed warehouses. 24,900 tonnes was ca...Read More
SHANGHAI, Feb 27 (SMM) - Copper: We see SHFE copper gaining support at 53,000 yuan/mt in the short term as recovery of downstream consumption is set to boost copper prices. We expect LME copper to trade at $7,080-7,150/mt and the SHFE 1804 contract to trade at 53,190-53,700 yuan/mt today.Aluminium: With pressure from short bets, we expect LME aluminium to continue to test the 60-day...Read More
SHANGHAI, Feb 27 (SMM) - Copper: We see SHFE copper gaining support at 53,000 yuan/mt in the short term as recovery of downstream consumption is set to boost copper prices. We expect LME copper to trade at $7,080-7,150/mt and the SHFE 1804 contract to trade at 53,190-53,700 yuan/mt today.Aluminium: With pressure from short bets, we expect LME aluminium to continue to test the 60-day...Read More
SHANGHAI, Feb 27 (SMM) - Copper: We see SHFE copper gaining support at 53,000 yuan/mt in the short term as recovery of downstream consumption is set to boost copper prices. We expect LME copper to trade at $7,080-7,150/mt and the SHFE 1804 contract to trade at 53,190-53,700 yuan/mt today.Aluminium: With pressure from short bets, we expect LME aluminium to continue to test the 60-day...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Tuesday February 27.Copper prices on the Shanghai Futures Exchange retreated during Asian morning trading on Tuesday, with a strong performance by the dollar overnight leaving investors cautious and on the lookout for further direction. Check Metal Bulletin's live futures report here.LME s...Read More
Lead prices being held back,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
Déjà vu as Chinese NPI production surprised...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More
Undermined by a firmer dollar Alongside...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
Zinc prices are holding up well,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Base metals traded on the London Metal Exchange are up across the board by an average of 0.4% this morning, Tuesday February 27.Aluminium prices lead the way with a gain of 0.7%, while the rest are up between 0.1% for zinc and 0.4% for tin, with copper prices up by 0.3% at $7,136 per tonne. Volume has been average with 6,677 lots traded as of 07.12 am London time. This follows a day of general str...Read More
Historic payment structures are enabling zinc smelters to raise primary output even as market-related terms such as metal premiums and concentrate treatment charges remain low; but the opposite is true for lead. Zinc smelters which process concentrates into refined metal only have to pay for 85% of the zinc metal contained in concentrate they purchase, but generally utilize 97% or more. Lead smelt...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday February 27, with the dollar index surging to its highest since the start of the month. The three-month copper price closed 1.2% lower and only just held above $7,000 per tonne. Copper's healthy contango and a lack of market tightness are putting pressure on prices. "We think that copper prices are vulnerable...Read More