August 2023

LME zinc price climbs 2.1% following large cancelation, others mixed

Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Tuesday August 29, with zinc’s 2.1% increase from Friday’s 5pm close the biggest move.

SHFE base metal price movement mixed; tin down 1.29%

Base metal price directions on the Shanghai Future Exchange were mixed during morning trading on Tuesday, with tin's price sliding by 1.29% despite a slew of economic support measures recently issued by the Chinese government.

SHFE base metal prices edge up amid cautious market

Base metal prices on Shanghai Future Exchange broadly rose apart from nickel and zinc during morning trading on Monday August 28.

LME base metals under pressure from higher dollar on Friday

Base metals prices on the London Metal Exchange were down across the board at the close on Friday August 25, but they did regain previous losses over the week.

European secondary aluminium prices steady, scrap under pressure

European secondary aluminium prices have been stable in the week to Friday August 25, while Fastmarkets launched two additional grades of alloy that have also been steady so far through the month.

Poor consumer demand keeps up pressure on global aluminium billet premiums

Global aluminium billet markets continued to be subject to poor consumer demand from end-user sectors in the month to Friday August 25, constraining trading activity across key locations.

SHFE base metals stocks on divergent paths; zinc inventories drop 20%

Deliverable stocks of base metals in Shanghai Futures Exchange (SHFE)-registered warehouses exhibited mixed moves in the week to Friday August 25, with zinc declining the most in percentage terms and nickel the biggest gainer, according to the exchange’s weekly inventory report.

LME base metal complex lacking direction; US dollar index crosses 104

Base metals prices on the London Metal Exchange were mixed on the morning of Friday August 25, amid a rising US dollar ahead of the Jackson Hole symposium.

Nickel, zinc prices continue to rise despite retreat in SHFE base metal prices

Base metal prices on the Shanghai Futures Exchanges mostly softened during the morning trading session on Friday August 25, returning some gains made earlier this week, though nickel and zinc maintained their upward momentum.

China’s alumina price rises on improved sentiment

Key data from Fastmarkets’ weekly alumina pricing session in China on Thursday August 24.