Commodities Correspondent
Pratima's Feed
Nov 2, 2015

Stronger Chinese copper demand could be short-lived

LONDON, Nov 2 (Reuters) – Stronger Chinese demand for copper
in recent weeks is unlikely to last or to signal a broader
recovery for the metal often regarded as a bellwether of
economic growth, according to industry sources and a delve into
data.

A surge in Chinese imports of copper is mainly due to buyers
taking advantage of low prices to restock, rather than
representing increased industrial consumption of the metal
widely used in the power and construction sectors.

Oct 27, 2015

Copper rises but technicals and China demand worries cap gains

LONDON, Oct 27 (Reuters) – Copper prices rose on Tuesday as
expectations of a weaker dollar fuelled a short-covering rally,
but gains are likely to be limited by technical levels and
worries about slowing demand growth in top consumer China.

Benchmark copper on the London Metal Exchange traded
up 0.4 percent at $5,215 a tonne in official rings.

Oct 26, 2015

Copper up on weak dollar, China rate cut

LONDON, Oct 26 (Reuters) – Copper prices rose on Monday as
the weaker dollar reinforced growing hopes of stronger demand
from top consumer China, where the central bank last week cut
interest rates.

Benchmark copper on the London Metal Exchange was
trading up 1.1 percent at $5,232 a tonne at 0950 GMT.

Oct 21, 2015

World’s major oil traders see no respite for weak prices

LONDON, Oct 21 (Reuters) – The world’s largest oil traders
are overwhelmingly bearish on the outlook for the crude price,
which they believe will flounder below $60 a barrel, possibly as
long as into 2017.

Record-high production from some of the major exporting
countries, along with faltering demand in key importing nations
such as China and Brazil, has cut the price of oil in half over
the last year.

Oct 19, 2015

New EU rules may mean Trafigura clears commodity derivatives elsewhere

LONDON (Reuters) – European Union plans to impose position limits on commodity trading firms could mean Trafigura takes its clearing business outside the region, Christophe Salmon, the company’s chief financial officer said on Monday.

The European Securities and Markets Authority (ESMA) last month announced rules to flesh out the Markets in Financial Instruments Directive II (MiFID II) law that comes into force in January 2017.

Oct 13, 2015

China should be wary of stimulus pleas-HKEx’s Li

LONDON, Oct 13 (Reuters) – A stronger, more open China needs
structural reform and it should not yield to expectations of
fresh stimulus to boost economic growth, Hong Kong Exchanges and
Clearing (HKEx) CEO Charles Li told Reuters on Tuesday.

During the course of 2015 as signs of economic slowdown
emerged and were reinforced, many have pinned their hopes on
China loosening monetary and fiscal policy to boost growth,
which is expected to miss the seven percent target this year.

Oct 12, 2015

LME open-outcry trading alive and well despite JP Morgan exit

LONDON, Oct 12 (Reuters) – Will the London Metal Exchange’s
open-outcry trading survive?

That perennial question has gathered impetus since the exit
of JP Morgan last month, leaving just nine brokers to conduct
often raucous “open-outcry” trading around a circular “ring” at
the LME’s headquarters in London’s business district, observing
traditions that date to the exchange’s coffee house origins.

Oct 12, 2015

Metals market watches China’s oil benchmark plan

LONDON, Oct 12 (Reuters) – China’s plan to launch an oil
contract to compete with world benchmarks could be a model for a
metals one, but Beijing’s response to collapsing Shanghai
equities and a currency that cannot be freely traded worry
traders.

In the run-up to LME Week in London, starting on Monday, a
big talking point has been whether metals trading in Shanghai
could be opened up to foreign investors in an attempt to take
the benchmark role from the London Metal Exchange. China
consumes about half of global base metals output

Oct 9, 2015

Exclusive – LME makes informal approach to buy London’s Baltic Exchange

LONDON (Reuters) – The London Metal Exchange has made an informal approach to the Baltic Exchange, the hub of the global shipping market, to acquire the entire business, two sources familiar with the matter told Reuters.

The LME – previously owned by its members – was itself bought by Hong Kong Exchanges and Clearing (HKEx) in 2012 for $2.2 billion (£1.4 billion).

Oct 9, 2015

Exclusive: LME makes informal approach to buy London’s Baltic Exchange – sources

LONDON (Reuters) – The London Metal Exchange has made an informal approach to the Baltic Exchange, the hub of the global shipping market, to acquire the entire business, two sources familiar with the matter told Reuters.

The LME – previously owned by its members – was itself bought by Hong Kong Exchanges and Clearing (HKEx) in 2012 for $2.2 billion.