EUROPEAN MORNING BRIEF 03/10: LME nickel edges up, rest weaker; zinc TCs hit 2.5-year high; global aluminium premiums soften
Date: Oct 3, 2018
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday October 3.
Most three-month base metals prices on the London Metal Exchange maintained their downward trajectory during early trading on Wednesday, with recent weak Chinese economic data and a strong dollar dampening risk-on sentiment.
Check Fastmarkets MB’s live futures report here.
Zinc concentrate treatment charges (TCs) have climbed to their highest level in two and a half years, with spot parcels trading at terms well above $100 per tonne in September.
A tightened contango spread on the London Metal Exchange and the belief that regulators in the United States will lift sanctions against UC Rusal are largely responsible for softening aluminium premiums across the globe.
