August 2020

NEWSBREAK: Second MJP Q4 deal done at $83/t premium

A second deal for fourth-quarter aluminium ingot supply to main Japanese ports (MJP) was concluded at a premium of $83 per tonne cif MJP, market sources told Fastmarkets on Monday August 31.

IN CASE YOU MISSED IT: 5 key stories from August 28

Here are five Fastmarkets stories you might have missed on Friday August 28 that are worth another look.

ALUMINIUM BILLET WRAP: Prices in Europe and Brazil tick up

Aluminium billet premiums inched higher in Germany, Spain and Brazil on Friday August 28 as demand in those countries improved, while premiums in the United States, Italy and Thailand were steady.

LIVE FUTURES REPORT 28/08: Base metals rally; aluminium closes above $1,800/t

Three-month prices for all base metals on the London Metal Exchange except lead rose on Friday August 28, with nickel leading the rally.

SHFE STOCKS REPORT 28/08: Lead inventories plunge 15%; aluminium up 1.7%

Lead stocks in Shanghai Futures Exchange-registered warehouses fell the most in percentage terms in the week to Friday August 28, dropping by 14.9% or 4,823 tonnes to 27,580 tonnes.

NEWSBREAK: First MJP Q4 deal concludes at $83/t premium, offers at $98/t - sources

The first deal for the supply of aluminium to main Japanese ports (MJP) for the fourth quarter has concluded at a premium of $83 per tonne cif MJP, sources told Fastmarkets on Friday August 28.

GFG’s Gupta named as LME Metals Seminar keynote speaker

Sanjeev Gupta, Executive Chairman of steel and aluminium investment company GFG Alliance, will head the roster at the London Metal Exchange’s virtual seminar this year, the LME announced on August 28.

FASTMARKETS MB DAILY PDFs

Daily PDFs will be downloadable until Monday August 31. After that, because of the UK’s Summer bank holiday, the next daily PDF will be downloadable on Wednesday September 2.

LIVE FUTURES REPORT 28/08: LME nickel hits year-to-date high in 1.2% rally

The London Metal Exchange three-month nickel price continued to gain during the morning session on Friday August 28, trading up 1.2% from the previous day’s close at $15,340 per tonne, its highest since November 2019.

IN CASE YOU MISSED IT: 5 key stories from August 27

Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.