Posts tagged 'warehousing'

Alcoa on “low risk financiers” and parallel metal markets

Alcoa, one of the world’s largest aluminium producers, has come out against the LME’s proposed new rules for dealing with warehouse queues.

In a letter to the LME, Alcoa’s president for materials management Tim Reyes states the plans are “counter productive” and designed to address what the company feels is a “red herring”. Read more

China’s literally ground-breaking copper inventories

Remember how China was being buried alive in copper a few months ago? The stuff was piling up in carparks? Now it’s even WORSE.

Judy Zhu and Han Pin Hsi, the Standard Chartered analysts who brought us the carpark images back in April, have been on another fact-finding mission, this time beginning in Waigaoqiao where they found this: Read more

Let’s count the copper with dust on it

Michael Robinson over at the BBC’s World Service has been investigating high global commodity prices in a series entitled Bubble Trouble?

In this week’s episode Robinson looks at the copper market and in particular the scale of potential copper shenanigans that may or may not be going on in the market. Read more

The UK is concerned about banks that warehouse commodities

Yikes. This is hot off the wire on Tuesday:

RTRS-UK GOVT COMMITTEE SAYS IT BRINGS ACTIVITIES OF LARGE DEALERS ON  LONDON METAL EXCHANGE TO ATTENTION OF OFFICE OF FAIR TRADING Read more

Some more standard deviations in commodities

Sean Corrigan at Diapason Commodities sends us this chart on Friday:

 Read more